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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (13817)	1/30/2002 1:32:55 PM
From: 249443	Respond to of 78748

re: Elon Today's WSJ article is simply devasting and disturbing. If Elan isn't a fraud, then it's knocking on the door. The WSJ article, simply put, indicated that Elan does everything possible to generate phony earnings. Tyco does the same thing (Herb G. has been writing articles about ELan & Tyco for months now), but at least there is some value -- albeit no growth.

To: Bob Rudd who wrote (13817)	1/30/2002 1:32:56 PM
From: 249443	Read Replies (2) \| Respond to of 78748

re: Elan Today's WSJ article is simply devasting and disturbing. If Elan isn't a fraud, then it's knocking on the door. The WSJ article, simply put, indicated that Elan does everything possible to generate phony earnings. Tyco does the same thing (Herb G. has been writing articles about ELan & Tyco for months now), but at least there is some value -- albeit no growth. Herb -- realmoney.com -- has been preaching about the cooked books at these two companies for a very long time.

To: Bob Rudd who wrote (13817)	1/30/2002 1:47:55 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78748

Bob Rudd: Looks like your timing on ELN is going to work out okay, if today's bottom holds. I'll guess that ELN might at some point trade on its potential drug breakthroughs or potential blockbusters - just as many other pharma development companies do. Whether there are actual and large earnings sometimes don't matter. (But today they certainly do!!). I bought ELN in '99 at the last earnings brouhaha and have held. Some of those buys are still profitable (oops - only marginally as of today). I bet the company will recover and the stock will retrace. Adding a little more at 25+ today.