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

To: Paul Senior who wrote (14223)	4/1/2002 9:57:18 PM
From: Bob Rudd	Respond to of 78743

CWP, Sorry it hasn't worked worked for you, Paul. Pretty much all I said in post 13784 still holds...a call based as much on lack of understanding as bearishness about the sector. Since then, fundamentals have deteriorated a bit. Merrill still has it neutral...with the disconcerting comment, "Neutral intermediate term until we see firm evidence that C&W Global’s business model can be validated." Even more concerning is the 'income from bandwidth swaps' issue that's coming to light biz.yahoo.com While they claim these swaps are a small part of total cashflow, I'm rapidly moving into the 'Where there's one cockroach, there's a lot of 'em' camp regarding flaky accounting...especially when it involves a business I have no feel for or understanding of. Good luck on your position.