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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (148857)	7/26/2002 1:14:56 PM
From: TGPTNDR	Read Replies (1) \| Respond to of 1574848

Ted, Got my Semi-Annual report from Clipper fund today. They provide a full Page and a half write up on TYC in which they support their increasing ownership of the company. ". . .While we are less worried than other investors about the conventional concerns over Tyco we recognize there is a real risk in the cockroach theory --where a few roaches are visible, many more are likely. Tyco's stock us so cheap, however, that no ordinary cockroach will do. Only a giant mutant cockroach-sized problem can justify its current modest stock price. No such creature is visible as we write this letter; one may become visible as you read it. Based on present facts, however, we believe Tyco's share price pays an investor very well to take the risk that the future will mutate his fears into facts...". When they wrote that TYC was around $13.50/Share. Obviously, they got a chance to buy more later as it fell below $8.00. When they talk about why they believe most of the skeletons are out of the TYC closet I'm inclined to believe them. I just bought 300 shares @ $11.43. While I haven't kicked RMTR out just yet I'm thinking about it. Looks like AOL's climbing out of the hole. I'm having a look at SWY now, another stock they're holding. -tgp