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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: tool dude who wrote (78637)	6/29/2002 11:45:50 AM
From: Francois Goelo	Respond to of 122087

>>> T-Dude, really, I hadn't noticed... but, if meant as an apology, then it's accepted... I see no point in harping on A@P's situation, as everything and more has already been said, ad nauseam... In this down-trending market, there is decent money to be made on the short side (of listed stocks, in my case) and I'd rather not miss the opportunity... After all, this is still the premium thread dedicated to shorting on SI and a good place to exchange ideas... CVC reached and went below initial target of $8.00 and I'll be posting more DD on OMC and why I feel it still has a long way to go Down... I bet Moody will downgrade OMC's Debt and general prospects, shortly... BTW, Moody (MCO, anagram of OMC...) also has $260 million Negative Tangible Assets and any weakening in its business prospects and Cashflow, could potentially make it a short target... biz.yahoo.com There is little doubt in my mind that OMC has misrepresented its financial picture to support its stock price and that we're just looking at the tip of the iceberg, at present... In early June, KPMG replaced Arthur Andersen and we should soon hear about what bothers them in the accounts, such as a potential Seneca $280 million write-off and undisclosed acquisitions earn-out contingently worth $350 million, to be treated as business expenses, rather than acquisition related... Also, it's likely that the SEC, will widen it's enquiry concerning the resignation of the Audit Committee Chairman on concerns of improper corporate governance... In the meantime, the Class Action Suits keep piling up nicely... JMHO, F. Goelo + + +