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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Phil Jacobson who wrote (6362)	6/24/1998 7:45:00 AM
From: Tx Buck	Read Replies (1) \| Respond to of 29382

Phil: I'm in complete agreement with you. IIXC earnings have looked anemic in the past but they have posted huge capitalization costs putting in the transcontinental fiberoptic backbone. They are now positioned to earn some hefty revenues but, with recent takeover acquisitions, there will be some further one-time write offs. However, they are profitable, conservative, and tend to accumulate cash. For these reasons, I also believe they are a good takeover target before the summer is out. Regardless, they're an excellent buy at 50 and even 60 since I think the stock could push low to mid 70s before significant rebasing. We'll see.