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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (27498)	4/17/1998 5:54:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

I don't understand much, but see item number 3 I posted this morn Message 4097435 Does this seem to be the trend today? Looking over the valley! So-so is pretty good because things are getting better. Horrible is great because things can only get better. BK's gotta be no more than a few months away at the most!

To: Knighty Tin who wrote (27498)	4/17/1998 6:04:00 PM
From: yard_man	Read Replies (2) \| Respond to of 132070

Any opinion on INTU. Looks like revenues have been declining sequentially. Are most of their revenues from tax software and Quickbooks or do people still buy upgrades to Quicken? Noticed they just registered to borrow $500 M. Not a small amount for this company based on its market cap. biz.yahoo.com Doesn't look like they've been raking it in either. What are "general corporate purposes?" <VBG>

To: Knighty Tin who wrote (27498)	4/17/1998 7:50:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

>>To All, Another funny moment on CNBS today.<< boy, am i slow today. i was gonna chastise you for the typo. then, all of a sudden, i realized it wasn't a typo ;-)

To: Knighty Tin who wrote (27498)	4/17/1998 9:07:00 PM
From: valueminded	Read Replies (3) \| Respond to of 132070

Mike: I appreciate the time you give to this thread. You make a cogent arguement against WCOM and no doubt it seems overpriced. As I consider put candidates, however, I must look for more than the obviously overpriced ones. There has to be a catalyst that will drive it down. For example, micron is waay overpriced. (especially after you adjust its capitilzation and sales for its muei subsiderary.) Yet, we have been calling for a while for its demise. Yes it is down from its peak, & no I am not defending it, but the catalyst will be when they have to scale back operations from a lack of cash. (imho) Consider AMZN, a company in a very low margin business with a small amount of sales, no barrier to entry and much bigger competitors who will be coming straight at them. They don't make money have negative cash flow, arent expected to make money for years yet they trade at a market cap of >2 billion. Sales of 140million. They have a P/S ratio that would seem to say monopoly margins yet they are in a low margin business. My question is why don't you buy puts on AMZN ? or for that matter, AOL or YHOO ? They seem much more overpriced than the WCOM's My questions are aimed at trying to learn. I know you have a good track record in the option departement, I am just trying to figure principles. Thanks

To: Knighty Tin who wrote (27498)	4/18/1998 12:16:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 132070

MB, yesterday an S-8 from MU hit the SEC registering roughly 32 mil. shares as part of their employee stock options plans. On the surface, it looks dilutive, but how do these types of registrations for employee stock options play out? They're registered, but when do they hit the market and become shares outstanding and part of EPS calculations? Or does the company immediately buy them back and retire them once employees cash out? As someone over on the MU thread pointed out, it would seem hard to believe that a company can just create about $0.9 billion in market value w/ a filing. Here's the link: freeedgar.com Of course, MU being MU, there's other interesting stuff in there as well <g> Good trading, Tom

To: Knighty Tin who wrote (27498)	4/18/1998 4:11:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

I saw that, and he did a poor job of answering the question. Estimates for WCOM are for 87&#162 for '98 and $1.89 for '99. The PE is nowhere near 103. I'm not defending the quality of the EPS numbers (i.e. one-time charges, etc.), because that's an entirely different issue. Are you still holding your last 1/3 of ASND? I originally thought the stock would rest in the 38-42 area, but it isn't acting the least bit tired. Tom