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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (20932)7/8/2002 11:04:17 AM
From: AC Flyer  Read Replies (2) | Respond to of 74559
 
>>Merck was a surprise to me, in that I would have figured traditional not-as-high-tech businesses would have been easier to understand and serve as a more difficult platform for fraud.<<

I think that suggesting that the Merck situation is fraud would be premature. This looks more like an accounting treatment issue to me, with Merck retroactively moving from aggressive to conservative. In any case, Merck is a totally different proposition to WorldCom, in a different industry with radically different fundamentals - not to mention radically different balance sheets. Any spike down in the stock will be an excellent buying opportunity.



To: TobagoJack who wrote (20932)7/8/2002 11:06:00 AM
From: AC Flyer  Read Replies (1) | Respond to of 74559
 
>>I think it would be foolish to dream that the story of collapse stops with Merck<<

Can we not get you to consider, just for a moment, Jay, that we have reached the end of the collapse rather than the beginning?