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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (9290)9/15/2001 12:28:26 AM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
I'm trying to be selfish (g) but I think of my three kids - I want them to have the same kind of rich life I (lucky me) had and hopefully will have also in the future. So far I can say they did just fine, but I would hate to see them listen to me and then comment "Yeah, but you had it easy". Same worry my parents had with us I guess...

dj



To: TobagoJack who wrote (9290)9/15/2001 8:06:51 AM
From: Anchan  Read Replies (1) | Respond to of 74559
 
Jay, sir, individual stocks to be discussed briefly only and in relation to present big picture: why would you go long Furukawa (5801 in Japan) on Monday? I quote some of the Nikkei website's info:
"Furukawa Electric Co. (5801), which has decided to acquire the
fiber optic division of Lucent Technologies Inc. of the U.S. for some
340 billion yen, is worried about the increasingly chaotic distribution
network in the U.S. The company thinks it will have to revise down
fiscal 2001 sales estimate for optical transmission system parts in
North America from 19 billion yen."
And since they do not have those big chunks of JDS Uniphase anymore (I think), the revised EPS growth estimate for March 2002 is MINUS 82%. And for March 2003 EPS growth estimates are a mere 9%. It's true though, they are moving into China now....
In the greater context: do you think Furukawa (and similar co's?) is attractive *because* everything looks so lousy from hereandnow?