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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22826)	8/18/2002 11:06:59 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Good afternoon Jay (it's same day same reading just a different time zone, but it's the same world) - what was a new dimension to me: "... dividend payout as a percentage of total earnings remained near 40% in the 1972-1998 period with some minor deviations. However, share repurchases went from 3% of total earnings in 1972 to 5% in 1980 before skyrocketing to over 50% in 1998. This change is nothing less than a complete revolution in corporate finance. In the pre-1980 period, more than 50% of earnings were retained to build corporations’ equity base. By 1998, less than 2% of earnings were retained to increase equity. Instead, these earnings were used to repurchase stock to counter the dilution caused by stock option grants to top management. In effect, common shareholders were left with a progressively smaller amount of equity and a rapidly increasing amount of debt..." You raise up your head And you ask, "Is this where it is?" And somebody points to you and says "It's his" And you say, "What's mine?" And somebody else says, "Where what is?" And you say, "Oh my God Am I here all alone?" Because something is happening here But you don't know what it is Do you, Mister Jones?

To: TobagoJack who wrote (22826)	8/18/2002 11:04:14 PM
From: elmatador	Respond to of 74559

One good disaster to kick start my side of the economy would be a good 220Km/H windstorm. That would wipe out most of the roof tops mobile wireless infrastructure. Leaving only the iron works which are time consuming to build. After the storm, operators would call for a total rebuild of the infrastructure. Since this would be a time of emergency, think about all those old ladies unable to call their veterinary for her sick cat, the government would give back the money they took when they sold spectrum. Since the BTS are most ten years old, they could be scrapped and put in there new generation BTSs. Of course the microwave Outdoor Units and antennas would have been wiped out (hence the call for a wind speed of 220Km/H since the stuff is built to withstand 200Km/H windload) too and Elmat would be very helpful in helping to rebuild the infrastructure. Water disasters are good for farmers and construction works. Not good for telecoms.