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Non-Tech : Simula (SMU) -- Ignore unavailable to you. Want to Upgrade?

To: Noblesse Oblige who wrote (904)	1/29/1998 9:49:00 PM
From: wally	Read Replies (1) \| Respond to of 1671

Hi Noblesse: SMU has now been falling for five full months. It seems to me that Mr.Townsend doesn't have a handle on future earnings yet. Yes, he feels the earnings will get better every quater going forward, but the level and speed is unknown. In my mind the key problem is this. One can not fix a problem in one area and learn three months later how much that "fix" helped. This will make the road that much longer. When they sold the bonds they knew what the earnings would be. They have time, they have a salary, and they have options. I have none of those things!! We will cover ITS on the weekend. Have a good night!