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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (12498)	2/19/2002 12:19:04 PM
From: Steeliejim	Read Replies (2) \| Respond to of 23153

I agree with you philosophically. Every advancement in the development of industry and technology has been supported by equities and lending. But, db's and kb's mantra have been the markets don't go by what perhaps (note the qualifier) should be, but what is. I admit I haven't a strong positive feeling re. NXTL LT. It provides a real service, but the flavor of the day is whether the financial institutions will be willing to continue carry and increase the debt loads of the NXTL's and WCOM's of the world. ATHM provided a real service too, and look what happened? If you look at how the banks are trading today, the markets are indicating "thumbs down," re. debt. In a contrary sort of way, I think that's tradable. On the other hand, could we be starting to slide down that slippery "The only thing to fear, is fear itself," slope that could really unhinge things? Jim

To: The Ox who wrote (12498)	2/19/2002 1:06:43 PM
From: William JH	Read Replies (2) \| Respond to of 23153

I was involved early on with the Stratosphere Tower in Las Vegas. The project kept getting bigger and bigger, a $200mm bond was floated at 14.24% interest, and by the time the tower was built and they got open, bankruptcy was imminent. Had they stayed with the original, smaller plan they might have made it. The shareholders ended up with nothing. Homegrocer.com bought a huge fleet on shiny new trucks, most of which were seldom or never used. My point is that a lot of money has been extravagantly wasted by public companies over the past few years, now that debt is hanging around their necks. Maybe I think too small. I've started several small businesses, we always started small and expanded if it was warranted. I was always using my own money, so WDIK? -gg-