Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (179008)	7/10/2002 11:12:56 PM
From: patron_anejo_por_favor	Respond to of 436258

Sounds good to me, I almost whacked S today (need more retail exposure!) BTW, if you're having trouble keeping all these Wall Street criminals/scandals straight (and let's face it, who isn't?)...ProlerBear's got the cure!<G> bearforum.com

To: Bill/WA who wrote (179008)	7/10/2002 11:19:34 PM
From: reaper	Read Replies (1) \| Respond to of 436258

Bill, I don't know. I think I operate on different time frames than most here. I fully expect to be short S for 2-3 years, but I also fully expect to make 60-70% return on my capital. I don't know when things are going to go wrong there. All I know is that they paid $1.8 billion cash for a business that in the last 8 years has reliably generated $35mm of free cash flow a year (and has not grown that cash flow). So by my calculation they wasted over $1 billion in that deal and harmed their liquidity position as well, liquidity they might need if the credit card situation gets out of hand (check out Providian and Metris today; even Capital One and MBNA are starting to get hit). I am loath to predict timing on these things. Cheers