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To: American Spirit who wrote (48982)	3/13/2001 11:48:24 AM
From: a_chameleon	Respond to of 57584

AS, a question on the rate cut. You state it as if the rate cut is a foregone conclusion. If so, then surely not only you, but everybody out there is expecting it and it is already fully discounted in the market?

To: American Spirit who wrote (48982)	3/13/2001 11:50:54 AM
From: Lola	Read Replies (1) \| Respond to of 57584

Hi AS, if there is no rate cut, then what? Will the people who are still holding or have recently gone long panic and sell? That could get really scary. Not trying to incite a riot here, just my thoughts. Lola:)

To: American Spirit who wrote (48982)	3/13/2001 12:29:01 PM
From: maverick61	Read Replies (1) \| Respond to of 57584

AS - you said: "LOR, SCNT and ESHR plus COMS I noticed now all well below cash in bank or less than half book value. LOR has liquidation value of $9 a share after debts now at all-time low below 3. ERICY now at 22 PE. WCOM, VZ at 11 PE. NT down at 1.3 times annual revenues" Did you ever consider this: 1. Your dogs may be less than book value - but if they keep losing money - that will eat up those assets Lets see - here is latest per share data from Yahoo: LOR - BV $5.66 , Cash $1.34, earnings ($4.83), Quote $2.80 SCNT - BV $3.06, Cash $2.43, Earnings ($0.74), Quote $2.19 ESHR - BV $1.99, Cash $0.66, Earnings ($0.50), Quote $0.97 All 3 of these are burning thru their remaining cash. So, when you project their cash burn rate added to their assets - their current price does not seem like a bargain. in fact, looks like LOR will be out of business unless they can raise funds this year. The only exception is COMS - COMS BV $10.51, Cash $6.98, Earnings $0.31, Quote $6.31 Although COMS is in an out of favor sector - and earnings going forward seem to be turning down. That sadi, this is the only one that would be classified as a bargain based on your criteria of price to cash in bank 2. As far as ERICY at 22 p/e - get real. you can't look at historical p/e. you need to look at forward p/e - and ERICY is projecting a loss for the year - so NO forward p/e. 3. WCOM and VZ - who cares - telecom is dead. LD is a commodity. Sure, during the bubble years VZ traded at a 20+ p/e - but last year - it traded at 12 p/e - and pre-bubble 14 - 16. Maybe it is a bit undervlaued - but not something I would be buying based on whole telecom sector in disfavor. Until there is something to turn the whole telecom sector around, best case in these stocks is a quick scalp. just my opinion