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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (12197)	1/30/2002 6:28:14 PM
From: Logain Ablar	Respond to of 23786

Hi John: I don't agree with some of the points within J Weil's article. All IMO of course 1) The accounting was an excuse for the drop. The market was already dropping on fundamentals. 2) TYC's accounting issues were cleared appx 2 years ago. TYC dropped cause they changed their stratgey which shows they significantly over paid for the latest finance acquisition (but whats $5B in shareholder dilution compared with its recent market drop). The accounting news only accelerated the pe contraction. Really look @ the debt to equity (of course we have to factor out some goodwill here in the asset / equity) and you'll see why they've been dumping tyc. 3) I'm not sure the economic news was so upbeat since they revised the Nov # down which made the Dec # look better than the forecast but it was actually worse. Isn't reporting and spin grand. Welcome back. Tim