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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (53439)	7/1/2002 9:00:59 PM
From: Voltaire	Read Replies (1) \| Respond to of 65232

Hi Scott, hell, in this market it was a great price. Almost all others pulled out. Thanks for all the posting of info. 1. $11 billion in cash 2. Debt reduced to $17 billion 3. $5 billion a year in cash flow 4. $3 per share fiscal 2003 earnings 5. Market cap of only $26 billion 6. Revenue growth of 15% ($35 billion +) 7. Brick and Mortar company 8. Can refinance long term debt and save millions in interest 9. New CEO on the way 10.Covenants can be re-adjusted V

To: stockman_scott who wrote (53439)	7/1/2002 9:11:41 PM
From: Voltaire	Read Replies (2) \| Respond to of 65232

we keep hearing this over and over regarding Tyco and CIT.... how Tyco management (the idiots that they are) bought CIT for $11 billion and now they are going to sell it for $5 billion.... what people are NOT saying though, is that Tyco bought CIT with Tyco stock which at the time was about $57 per share in addition ot cash...Tyco bought CIT for $2.5 billion in cash plus $7.5 billion in stock... Company did fine, stock holders got hit. Picked up 4.5 billion cash if pricing holds. V