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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: BEEF JERKEY who wrote (10198)5/16/2002 11:37:50 AM
From: c.hinton  Read Replies (3) | Respond to of 11568
 
wcom is not enron,it has good assets but huge debts and a big question mark over its accounting habits,
has anybody examined its pension liabilities and projected earnings of its pension plans?
you guys have to dig deep into wcom books.investing is not an easy game in a bear market,todays projections are not tommorrows facts,look at the US buget for an example.Last year projections of everlasting surpluses have desolved into deficits.



To: BEEF JERKEY who wrote (10198)5/17/2002 2:55:05 AM
From: tejek  Respond to of 11568
 
These same morons (read David Faber) bashing WCOM are shutting the gate after the horse has gone

Just for the record.....I have heard Faber speak a few times about WCOM, and he was actually somewhat bullish at least a couple of those times, bullish at least for Faber. At one point, he thought WCOM could work its way through to better times so long as the SEC investigation doesn't turn up any ENE like problems. He also felt that BK did not have to be the inevitable result.

His major concern was that all the bad publicity and the general Wall Street fears re company integrity may drive WCOM's customers away.

On one occasion, Faber spoke about WCOM in the final hour before the close, and WCOM actually started to ramp to the close.

The problem with Faber is his voice.......it always sounds grim and cynical even when he's feeling positive. ;~))

ted