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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (51968)	7/10/2002 1:00:10 PM
From: Mike Buckley	Respond to of 54805

Slacker, Enron's balance sheet had raised red-flags ... Worldcom was simpler. Exactly. --Mike Buckley

To: slacker711 who wrote (51968)	7/10/2002 1:29:29 PM
From: paul_philp	Read Replies (2) \| Respond to of 54805

Both WorldCon and EnCon had long periods of increasing revenue, increasing GAAP earnings and decreasing FCF. Unless you are 100% certain that management is investing your money well, this scenario looks to me like a bad stock pick. Management is either stupid, sloppy out stealing. The scandal is NOT that companies cheated but that the entire investment world stop reading financial statements with rigour and skepticism and now wants to pass blame on the closest target. Paul