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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (14976)	7/30/2002 12:04:14 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78626

WMB: Closed for 22.5% loss [Adds at recent lower prices offset initial higher buy-ins to mitigate loss considerably] This could go bankrupt or it could, like PG&E go partially bankrupt, or it could get it's line of credit and stay in the game. It's a crap shoot. The assets are worth more than current valuation, but not sufficiently more to provide adequate margin of safety considering the liquidity crunch, IMO. It's sort of amazing that these companies, whose business it is to assess risk scenarios, have so completely mismanaged this.