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

To: 249443 who wrote (14010)	2/24/2002 4:11:54 PM
From: Joan Osland Graffius	Respond to of 78512

mrcjmoney, Thank you for your postings. Fred Hickey is getting some serious respect in the right places these days. IMO, he has saved his readers from financial pain and certainly has helped me make good investment decisions. Also, sounds like he is starting to get "help" calls from money managers. Joan

To: 249443 who wrote (14010)	2/25/2002 1:03:57 AM
From: James Clarke	Respond to of 78512

<<The March 2002 [Fred Hickey] issue was a -- simply put -- scathing fact- based quantitative analysis of IBM. If the sell-side couldn't identify these issues of one of the biggest firms in the world, then they have zero credibility (still).>> I read it too - agree completely. IBM looks like a $50 stock if I'm being generous. $30 if I'm not. What Hickey caught IBM doing with their books is atrocious. This is not the first time IBM has been caught doing similar things. This isn't some internet startup - this is IBM. You know you tell your five year old kid, "You should know better", but this is one of the world's biggest companies thinking if we can extend the game just one more quarter I (Gerstner) can retire then its somebody else's problem. If Hickey hadn't caught them, no sellside analyst would ever have said it. If there is something below zero credibility for either the company or its "analysts", tell me how to express it. (I have no position in IBM)