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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (13789)	5/10/2002 6:50:06 AM
From: pvz	Respond to of 23153

KB, please be sure to thank your friend for me. I think the conclusion says it all: "Tyco is a rollup in the process of decompression and I don't like to touch stocks like that until they get into the $1-3 range. Whether Tyco would ever get there or not, I don't know, but there's a lot of potential downside IMHO." Like Enron (before there was any hint of an irregularity), there is something "not right" about Tyco's fundamental picture. It's quite possible that it will rally at some point and I will be sorry to have been so cautious, but I have found in the past that staying away from companies like this doesn't hurt one bit in the long term. After all, there are so many others to choose from. The analogy to Enron isn't completely fair, because I do think the two companies have completely different issues, although in both cases it was the extreme degree of leverage that ultimately contributed to their downfall.