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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?

To: Hector who wrote (1680)	2/14/2002 7:22:13 AM
From: tom pope	Respond to of 10345

BTW, did you ever notice how the bond rating agencies and stock analysts have a habit of downgrading these issues only after they've already lost a good chunk of their value? True, but in this case Moody's is probably trying to get ahead of the curve, the agencies having been criticized for maintaining their ENRON ratings until far too late in the debacle. Of course yesterday was the day I finally went into ELN at 14.50.

To: Hector who wrote (1680)	2/14/2002 7:32:14 AM
From: Icebrg	Read Replies (3) \| Respond to of 10345

>> BTW, did you ever notice how the bond rating agencies and stock analysts have a habit of downgrading these issues only after they've already lost a good chunk of their value?>> Yes, like almost every other analyst. But, Moody's et al are not in the business of giving investment advice. Their focus is credit risk assessment. And from that point of view it actually makes some sense to wait until after the fact. Of course in the case of Enron there was too much emphasis put on the waiting element. Ice