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To: H James Morris who wrote (3064)4/16/1998 11:44:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
HJM, let CD be a warning to all those that don't believe they can get a 50% haircut overnight. And that's a company with revenues, earnings, assets, a track record - you know, all those "funnymentals" that no one cares about any more. Gee, their '98 earnings will be 10% less than expected - that's certainly reason to cut the valuation in half.

Bob