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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (3247)	4/29/2002 3:36:42 PM
From: Logain Ablar	Respond to of 3770

Hi JDN: Well I guess the most reliable is from management and you can find it on the web site. I have to admitt after following this one for a few months it starting to look more reasonably valued for a buy but it still has not set a bottom. I had the teens but actually it may now test the $10 barrier. As for management's forecast in reading the recent quarter cash flow I felt they were still playing games with the reporting. Cash flow was much less than their report. I think what it comes down to now is how much they can get for CIT, how much of the proceeds will be available for debt repayment to shore up the balance sheet and then how much is available for a share buy back. From recolection they need to pay down about $4B in debt. This leaves $2B for share buy back, maybe a little more (I'm assuming they only get $6B for CIT, not the $7B they hoped for). I'm just guessing at the #'s but management creditability with the accounting games is coming home to roost.