Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: rupers who wrote (5634)	9/16/2001 4:25:51 PM
From: RockyBalboa	Respond to of 6873

Rupers, good to see that you added your own remark mentioning cdo's Ch.11 status. The bloomberg article did not mention that, neither did the free wsj article: public.wsj.com A large portion of its $2.6B est. "revenues" are payments for operating leases (which would like very different if accouning for it like a bank) and less than 150MM from "technology services", perhaps containing only a few 100k on disaster recovery...and that being sold to HWP. This is exactly what other media is already picking up: The low level scum trying to profit from the disaster. I already see gullible "investors" literally bidding up the penny stock CDO in the hope of x-bagger alike returns. The fact is that CDO is basically a leasing company in default (and additional recovery services won't drop much of a penny to the bottom line) is not even mentioned there. Yahoo posting activity already picking up the stories... I'm surprised that such a poorly researched article is published in Bloomberg.