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

To: TobagoJack who wrote (24582)	10/26/2002 12:21:41 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<bar full of cash all about, and when the lights just went out. As exciting as this prospect is, I do not know how to 'safely' play it;0(> Yes Jay. Imagine if the lights went back on suddenly, just as you had decided that the opportunity was too tempting to resist. ElM needn't worry about no borrowers being 'out there'. I'm here, patiently, willing and able to borrow. Waiting for my call as noble borrower of last resort and buyer of last resort as the defaulters default and the creditors seek a buyer for those defaulted assets. I can't wait to buy Globalstar. I would also like to buy Global Crossing, but Li 'KaChing' got there before me. Leap Wireless is also something I'd like to own. Then there's Argentina and Brazil. I'd like to own some forests and stuff. JDS Uniphase would be cool too. A couple of ports in San Diego, Los Angeles and maybe throw San Francisco in too would be nice. I'd like an airline too. That would make an excellent Christmas. Heck, I might have to borrow $$thousands or even $$millions to put them all on my balance sheet. If they offer reasonable interest rates, I'd even borrow many $$millions and guarantee the interest rate for a decade. Mqurice

To: TobagoJack who wrote (24582)	10/26/2002 12:40:28 AM
From: elmatador	Respond to of 74559

You're not alone on not knowing how to play safe. Take Ericsson as an illustration: (I always tend to drawn form the things I know best to illustrate my point) The company manufactures mobile handsets, mobile and fixed infrastructure. Behind it, two concerns used to make money -not making stuff- but financing the projects. When the bubble burst, all this project financing arm stopped making cash available since the risk is too big. As a result, Ericsson cannot sell infrastructure. The only companies that are selling right now, are the ones that have customers that have cash. Like Motorola building this network here in Thailand with Li Ka Shing Canning Fok money. The guys who have money - in this downturn- have to buy assets on the cheap. Not for the sake of having them. But to take over strategic markets, segments, terrain once the blood return to the world economy he would rake in the cash. Li Ka Shing is doing exactly that, buying on the cheap. But that is a game for the big boys. The little guy -the whole majority of them- in a down turn, doesn't gobble assets. His existence is so much in danger that he feels paralyzed. He is there staring at the abyss down below and those sharp stones he will fall into. His brain is not thinking in a new abracadabra. His brain is being taken over. He reasons: "If this shit is hitting the propellers of Ford, ABB, Ericsson and Lucent, imagine what it can do to my little butt!!" The little guy MUST extricate himself out of this paralysis and think how can he make a buck or two when things turn around. Because they are going to turnaround. From all those animals falling, a few will land on their four feet ready to run: for cover or chasing a prey.