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

To: deeno who wrote (3427)6/20/2002 8:29:23 PM
From: Tatnic  Read Replies (1) | Respond to of 3770
 
Good grief...the problem with tyc is that no one, not even their accountants, can give "real" numbers to fill in such an equation. TYC is the King of Smoke and Mirrors. My guess is you can get 10 very different answers from ten different accountants. And the bottom line---no one knows where the truth lies. But...the company is doing a bang up job spinning their story as a bunch of country bumkins taken to the cleaners by some city slickers....it ain't the companies fault for hiring these sleeze bags and giving them free rein...no siree!! Nice job Mr. Bois.



To: deeno who wrote (3427)6/20/2002 11:30:40 PM
From: Bob Rudd  Respond to of 3770
 
I suspect Altman would give an erronious reading because of the finance sub & the changing nature of the situation. The model was designed and tested for industrial companies, but a large finance sub can distort asset levels which the model is sensitive to. It might be useful to run the model once the CIT spin is completed.


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