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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Mathemagician who wrote (10325)	12/4/2001 1:04:44 PM
From: puborectalis	Respond to of 99280

..", Enron has filed for bancruptcy, and its stock trades for under 50 cents. This dizzying descent took many by surprise, including the mom-and-pop mutual funds that fell in love with Enron's once-rising stock and the reputable Wall Street firms that chased the prodigious banking fees Enron paid. So how did this epoch-making collapse happen? And why was it so fast? The reasons are many and complex, but readers of the TheStreet.com's Enron coverage have had a head start, as this story list shows. " However, one thing is clear: The Enron saga illustrates the need to always look below the surface of the Street's success stories. Up until the second quarter of this year, Enron never showed a "bad quarter," nearly always exceeding analysts' estimates. However, it appears that Enron resorted to extraordinary, even dubious, means to achieve its profits performance. Those diligent enough to do the digging saw that these measures couldn't be sustained indefinitely. The old saying once again applies: If it's too good to be true, it probably is.