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

To: cornbread who wrote (3356)	6/7/2002 12:33:47 PM
From: shoe	Respond to of 3770

Here's a better link to this article (Troubled Giant): pbs.org I think one thing we can take away from this experience is that if a stock seems unexpectedly low for it apparent value, there is usually a hidden reason for it. Those inside the company or close to it sell and word slowly leaks out until the dam breaks. With K gone the company has fundamentally changed. I'm not sure the board can find a replacement who can effectively execute his strategy. Perhaps his scheme is inherently flawed in that it can't sustain itself beyond a certain point. The whole edifice gets so huge and unwieldy that it collapses on itself like a dead weight. But clearly, Fort's approach will be to manage what is there, not make acquisitions. Before K took over Tyco, the company was not a growth engine; it was a steady performer. Investors can't expect it to recover when the dust settles and perform like it did in the past. I think the market is approaching a wash-out point after which it will be a good time to buy stocks. I think the PE ratio of the S&P has to return to historic levels (approx. 18 or less). Does anyone else share these views? I am not a financial planner, so do your own research, please. Regards.