Boss To Analyst: "We're Missing this [Enron] Thing"

Post #63,024 by deSitter 11/15/02 10:40:50 AM Reply	Boss To Analyst: "We're Missing this [Enron] Thing" [link\|http://www.washingtonpost.com/wp-dyn/articles/A57038-2002Nov14.html\|http://www.washingto...38-2002Nov14.html] The Merril-Lynch analyst was taken to task and threatened for refusing to issue a "strong buy" rating to the company. -drl
Post #63,035 by jake123 11/15/02 11:28:20 AM Reply	What do you mean, threatened? He lost his job. That's not threatened... that's punished. You know Nortel? They lost their value about a year before everyone else did. In short... Nortel got punished for telling the truth about what was happening in their business... got punished for being honest with their owners. That's the reality of the stock market... we'll see whether or not that's going to continue. However, if you're buying stocks, and want to hold something in telecom... looking at the company that told the truth and took the hit up front is probably not a bad idea. That's not to say that you should buy them, but you know the management culture there understands that the owners are the owners and are not to be decieved until after the management manages to cash out. The market system in the US is sick... it punishes people for telling the truth. So far, I don't see a lot of deep-seated willingness to fix it on the part of the state, who has the responsibility of regulation. Until it IS fixed, the US is a place of perhaps genteel gangster capitalism. --\n-------------------------------------------------------------------\n* Jack Troughton jake at consultron.ca \n [link\|http://consultron.ca\|http://consultron.ca] [link\|irc://irc.ecomstation.ca\|irc://irc.ecomstation.ca] \n Laval Qu\ufffdbec Canada [link\|news://news.consultron.ca\|news://news.consultron.ca] *\n-------------------------------------------------------------------
Post #63,057 by boxley 11/15/02 12:05:04 PM Reply	Nortel is toast as are most of the other telecomms in their current incarnation. They were in an aquisition mode and used leveraged money to purchase billions of dollars in other companies that are now worth only a fraction of they aquisition prices. However the loans are still coming due and the market is not expanding enough to pay base costs. I forsee more bankrupcies and new companies bying up value at pennies on the thousand bucks. Its not at the bottom yet. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] "Fifty-one percent of a nation can establish a totalitarian regime, suppress minorities and still remain democratic." Correction: All that can be achieved with 51 percent of the voters!" Ilanna Mercer
Post #63,061 by jake123 11/15/02 1:04:02 PM Reply	I'm not sure that they'll be toast. They do have some long term contracts with companies like BCE, as well as the various govs up here. While your telecom industry is undergoing serious contraction, ours is not... people are continuing to buy new services up here. They might take some major write-downs, but I suspect that they have a good chance of surviving, albeit at a much smaller size. --\r\n-------------------------------------------------------------------\r\n* Jack Troughton jake at consultron.ca \r\n [link\|http://consultron.ca\|http://consultron.ca] [link\|irc://irc.ecomstation.ca\|irc://irc.ecomstation.ca] \r\n Laval Qu\ufffdbec Canada [link\|news://news.consultron.ca\|news://news.consultron.ca] *\r\n-------------------------------------------------------------------

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