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To: Haim R. Branisteanu who wrote (153326)2/25/2002 6:35:27 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
I'm sure this was ignored, but I agree with this guy, FWIW:

cbs.marketwatch.com;

3:01pm 02/25/02 DBAB's Lache says GM looks 'overvalued' (GM) By Tomi Kilgore
Analyst Rod Lache at Deutsche Banc Alex. Brown said he wouldn't buy General Motors shares (GM) even if the carmaker reached its newly raised earnings outlook (see 7:52 item). He believes the stock is "overvalued," as the outlook for its credit unit represents a "major risk" to the company's earnings outlook. Lache added that GM's announcement of a convertible bond offering (see 8:04 item) is an acknowledgement by GM of the risks associated with pending sale of its Hughes unit (GMH) . He added that GM is facing a potential cash drain in 2002 for the acquisition of Korea's Daewoo, potential problems with its labor unions during 2003 and a potential Fiat put option exercisable in 2004. Meanwhile, the stock is being driven $2.24, or 4.2 percent higher, to $55.35.



To: Haim R. Branisteanu who wrote (153326)2/25/2002 7:43:23 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
I remember all that very well. I was in LA those years and yes real estate did very much peak in 1989. The crash from those levels was harsh...



To: Haim R. Branisteanu who wrote (153326)2/25/2002 8:10:17 PM
From: Monty Lenard  Read Replies (1) | Respond to of 436258
 
Haim, I had a bankruptcy attorney that I do some work for occassionally tell me one time that "until you file bankrupcy at least 3 times you can't become a millionaire".

:-))

Monty



To: Haim R. Branisteanu who wrote (153326)2/27/2002 6:39:25 AM
From: MythMan  Read Replies (2) | Respond to of 436258
 
>>Luxury homebuilder Toll Brothers (TOL) reported this morning and guided estimates higher for both 2002 and 2003. TOL's CEO said, "The luxury market continues to flourish, as it has for the past 11 years, driven by strong demographics and increasing affluence… Increasing numbers of affluent households and growing numbers of maturing baby boomers in their peak luxury home buying years mean that our customer base continues to grow." TOL launched 8 percent to a new 52-week high, and dragged the rest of the homebuilders higher as well. As I said yesterday, housing bears may want to continue to be very, very careful.<<

dailymarketsummary.net

How much longer?