SI
SI
discoversearch

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.
Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: MAELING who wrote (16846)8/9/2002 12:28:49 PM
From: torquatus  Read Replies (1) | Respond to of 18998
 
Selling assets right now is like cutting off your arm to serve for dinner. It only makes sense if they have no alternative. What sense does it make to a) sell assets in this environment, while b) continuing the dividend, and c) continuing high levels of capex. I can only conclude that EP a) has no choice, b) is promotional and deceptive (that is obvious), and c) capex is maintenance and not discretionary.