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 : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (13956)	2/19/2002 1:40:35 AM
From: blankmind	Read Replies (2) \| Respond to of 78549

- Tim, you're the reason i like Tyco so much - back in '99 or so, the same fears surfaced; & the stock totally recovered & then some within 5 or 6 weeks. It's dejavu all over again - 1st - if Tyco had to sell CIT at a loss, they probably wouldn't sell it. The CEO said he's going to have CIT run as a stand-a-lone; & either spin off to shareholders or sell. Trust me - Tyco is wallowing in cash - 2nd - per their 10q for 1st qtr ending 12/31/01 - Tyco did $3 bill of acquisitions; $1 bill in cash & $2 bill in stock. - bottom line - Tyco is so cash flow positive & profitable, that they're continuing on w/ their acquisitions - without driving up their debt levels

To: Logain Ablar who wrote (13956)	2/19/2002 1:44:16 AM
From: blankmind	Respond to of 78549

Tim, here's a post from yahoo which sums up the CIT split from Tyco much better than i could: : grandvn (55/M/Amelia Island, Fl) Long-Term Sentiment: Strong Buy 02/18/02 09:35 am Msg: 129042 of 129051 CIT Probably gets sold for $7.5B or so with TYC holding a 20% stake. Buyer maybe a surprise, perhaps AXP returns to the commercial market after its bowing out over the Salad Oil Fiasco of the early 60's. Who knows, but even at 7.5B, TYC comes out a winner: At least $30Billion Debt gone from consoladated Statements About $4 billion will go to pay down Commercial Paper. $3.5B into a share buyback, perhaps as high as $40 With the pressure off the balance sheet and near term debt obliterated, a steady rise back to $50 or so by year end is not out of the question.

To: Logain Ablar who wrote (13956)	2/19/2002 1:46:38 AM
From: blankmind	Read Replies (1) \| Respond to of 78549

Tim - or anyone with insurance - - have an opinion on ESG Re - a bermuda reinsurer - per my notes.... ESREF happens to be a totally undervaled stock: - they're in the re-insurance business, which is entering an "up-cycle" in pricing & that's good - $9.00/book value per share; trading at $3.25 - profitable for the latest quarter - they've shed all their ridiculous sideline businesses - they came out unscathed from the islamic terror attack on 11 sep - best of all - they got upgraded by S&P