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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (2110)	4/5/1999 5:50:00 PM
From: Don Hess	Read Replies (2) \| Respond to of 3541

Aus - You never cease to amaze me. First, if we're going to start judging a stock by analyst recommendations (a very dangerous pastime) there are 5 covering IFCI; one with a strong buy, 3 with a moderate buy and now one with a hold. That would seem somewhat optimistic as a consensus. Regarding the translation of analyst's comments, here's a little Primer 101: Brokerages divide their analysts into two camps, the "buy side" and the "sell side" These nomenclatures don't mean what they sound like: the folks on the "buy side" are making trades, up or down, for the house. You never, ever hear their advice, it is proprietary and closely guarded. The folks on the "sell side" are selling their advice to clients, and spouting off via press releases. They do their research and then trumpet forth that a stock is to "outperform", or is a "long term buy" or whatever. These guys are suspect. First of all, you have to wonder if their proclamations aren't intended solely to bolster what the secretive guys on the buy side have already traded in. Secondly, when you see advice, it is kind of like watching newsreels that are 2 months old: they are almost always way, way behind the curve. Roughly translated, here's what sell side analysts comments really mean: STRONG BUY: You should have bought a week ago. BUY: You should have bought a month ago. OUTPERFORM: It may do better than similar stocks, we have no freaking clue. HOLD: Uh oh. UNDERPERFORM: We want your commission when you sell this perfectly good stock and buy another, similar stock that is in fact no better or worse in any material way. SELL: You have already lost major dinero, and now we're covering our butt, like it means anything at this point. The ONLY legitimate, good sign is INITIATING COVERAGE, regardless of what the ranking is. What this means is that half the world has already discovered this stock, the analyst has been working on his putting game on Tuesdays and Thursdays, and his manager finally chews his ass and tells him to get busy because the rest of the free world is climbing into bed with this thing and we don't even have a prospectus on file. The best advice is not to take advice, or at least take it with a grain of salt. Sooner or later, and sometimes quite annoyingly later, earnings will carry the day. Growth defies all negativity, including such banal trivialities as poorly worded 4th quarter earnings statements, less than charismatic CFOs, and anonymous posters on public boards who think their words mean something. IFCI is undervalued, is making money, is growing, and is a major player in a dynamic sector. If one's faith can be shattered by a lone, nattering nabob at a brokerage house, then you have to ask yourself why you plunked money down in the first place. - Don

To: Ausdauer who wrote (2110)	4/5/1999 6:37:00 PM
From: advinfo	Read Replies (2) \| Respond to of 3541

I am knew to investing and English too?

To: Ausdauer who wrote (2110)	4/6/1999 12:54:00 AM
From: Diamondhead	Respond to of 3541

Aus, You surprised me. You, the man ran who rode the sndk rollercoster, bet the farm and won???? This Kaufman Brothers are Anal-ist with a capital A. Some people would call them crooks. Mr. Vik Grover is a real "snake". A few tidbits: Recommended a STRONG SELL ("Long term/short term sell") on IDTC at their 52 week low of 9.5/sh on January 15, 1999. No "hold" here. IDTC is currently at 19/sh and IMHO on its way to a double. Recommended ABLE at it high last May?...20/sh range. Stock has dived to 6-7/sh. It was discovered later that ABLE was paying them off. See below. Asensio & Co.: Able Pays Kaufman Bros., L.P. NEW YORK, Feb. 26 /PRNewswire/ -- The following is being issued by Asensio & Company, a member of the National Association of Securities Dealers, CRD number 31742: Under an agreement dated April 7, 1998, Able Telcom Holding Corp. (Nasdaq: ABTEE - news) engaged Kaufman Bros., L.P. as Able's financial advisor. Under this agreement, Able agreed to pay Kaufman Bros. a retainer of $15,000 for the first three months and an additional $15,000 for every subsequent three month period during the term of the agreement. Under a separate agreement dated May 14, 1998, Able agreed to pay Kaufman Bros. a total of $190,000. Vik Grover is employed as a Senior Equity Analyst at Kaufman Bros. Mr. Grover has issued research reports on Able. The reports recommend the purchase of Able's shares. Kaufman Bros. has never disclosed the above mentioned agreements. Kaufman Bros. issued a report claiming that Able had fiber assets worth almost as much as the company's entire market capitalization, which on the date of the report was approximately $180 million. Able's Form 10K shows it had sold its fiber assets of $26 million, which is $154 million less than Kaufman Bros.' published estimate. Kaufman Bros. claimed Able's fiber assets were worth approximately 700%, or 7 times, more than their sales price. Asensio & Company, Inc. is an investment bank and securities dealer registered with the Securities and Exchange Commission and the National Association of Securities Dealers. Asensio has conducted extensive due diligence, fundamental research and technical analysis of Able Telcom Holding Corp. Asensio has issued a Strong Sell recommendation on shares of Able's common stock. Further, due to its excessive market valuation and overwhelming evidence of fraudulent securities activities, we also recommend that Able shares be sold short. Asensio & Company's reports on Able, are available on its internet home page at asensio.com. SOURCE: Asensio & Company, Inc. Asensio & Co.: Able's Accounting Fraud Fully Exposed NEW YORK, Feb. 26 /PRNewswire/ -- The following is being issued by Asensio & Company, a member of the National Association of Securities Dealers, CRD number 31742: Able Telcom Holding Corp.'s (Nasdaq: ABTEE - news) Form 10K included a financial statement showing net income of $2.5 million, operating cash flow of $6.9 million and shareholders' equity of $40.2 million. These figures were created using a large series of extraordinary accounting entries. In fact, adjusted to exclude only some of these obfuscating non-cash, non-operating entries, Able's actual results were a net loss of $12.8 million, negative operating cash flow of $8.4 million and shareholders' equity of $15.3 million. These figures do not include any reduction to Able's $29 million in estimated, non-cash, unearned income currently included in net income or any adjustment to the $31 million in goodwill. They also do not include Able's $10 million incurred and unrealized loss on the MCI/WorldCom, Inc. refinancing, which Able expects to recognize in the first quarter. Kaufman Brothers are rated as poor anal-ist by zacks: ultra.zacks.com I think you should take this as a contrary indicator - buy signal. Kaufman Bro. recommends buys at the top and sells at the bottom. The proof is in the pudding. How about this snake and his short posts. I love it! LOL. He seems to know when to short and go long. Hmmmmmm. I got back in at 6 today. Good luck. Kevin (6 1/16)