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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (87152)	6/27/2002 10:31:47 AM
From: Jdaasoc	Respond to of 99280

Besides CIT, MRK is spinning off MEDCO.

To: DebtBomb who wrote (87152)	6/27/2002 10:40:05 AM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 99280

Dale, DJ News report says only one of 3 larger Goldman Sachs IPO's is out on time, HEW, just opened at about $22. The original range was $19-$22, then they dropped it to $19 pricing, so we have a rally at open, ho ho Platinum/St. Paul delayed, Bloomberg says due to poor market conditions GS other biggie, relatively, Medco-Merck spinoff is delayed now, talking about tomorrow, but Bloomberg says delay due to concerns about the way Merck has handled accounting for this unit. Uh Oh. Nomos med equipment delayed CIT/TYCO: they have to keep Koslowski out of court to get this one out. IPO's in this market. I wouldn't want to be a broker trying to push this paper. BTW: Hewitt(HEW) is an outplacement firm; this was a strong market, in the tech boom day, now not so hot; lots of recruiters laid off in California; they are looking for a job. James(wondering if reluctance to push out IPO's now means they are ready to test lows again)

To: DebtBomb who wrote (87152)	6/27/2002 11:15:56 AM
From: t2	Respond to of 99280

Dale, thanks...Trading EBITA is going to be the best way to make money on the short side, imho. When wireless companies start offering some higher speed internet services (faster than 56k), local phone carriers in trouble and the market probably already sees it that way. Same goes for cable once the next generation of upgrades on wireless (or other broadband technologies arrives)....Adelphia is just the tip of the iceberg. The only thing holding on to cable customers is that many also use their high speed internet services....but after a real alternative arrives...these companies are in deep trouble. What I am curious about is how much before this happens will these stocks get taken down. After all, it is the debt holders who really own these companies.<g> jmho