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


To: Tatnic who wrote (13998)2/23/2002 1:29:33 AM
From: blankmind  Read Replies (2) | Respond to of 78567
 
Crawford,

- i get more optimistic about Tyco by the day

- Look at the 5 yr chart on Tyco

- In ’99, stock went from $52 to $28; then back up to $60 within about 8 months
-
- reason was that the results were too good to be trued; therefore, there must be accounting gimmicks, cooked books, SEC inquiries, etc...

- It's going to be dejavu all over again - only this time when they realize the results are for real - i say stock price goes from current $27.50 to $80+ - especially when they're tracking to do $4+/share in earnings - but over the course of a year or so

finance.yahoo.com