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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (14699)	6/26/2002 7:36:07 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78519

Grommit, I agree with what you say here - but not necessarily with those stock picks -g-. Reasonable way to "protect" oneself is by being very diversified and having positions in stocks with long earnings history and dividend payouts. Anyhow, I assume it could be much worse for me if I didn't own some stocks like that. Right now I feel I've been a holder of most blowups-- WCOM being the most reported and today's ROXY being most recent.

To: Grommit who wrote (14699)	6/27/2002 3:58:54 AM
From: Bob Rudd	Respond to of 78519

<<The CEOs and accountants seem to be operating without fear of discovery of fraud.>>They were, but no longer. I bet the FEAR is tangible. BOD's, audit committees & auditors are smellin the coffee and feelin the heat. No auditor wants to be the next Anderson. Some of these guys will get jail time. There will be jail house interviews on CNBC. I would also expect fund managers to start voting with their feet on option/compensation packages that don't make sense. Two years ago accounting just didn't matter to investors and a lot of shady/sloppy practices came along. Now for probably the next year or two there's gonna be a serious house cleaning where the cost of capital of anyone using red flag practices is going way up. Markets will send the message and the players will read it.