Word: worldcom
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Dates: during 2000-2009
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...ratio for the overall market. Yet Cisco's earnings this year are expected to grow by only 28%. There are far more attractively priced tech stocks: for example, Dell, expected to grow earnings at 21% and selling at a P/E of 16, or WorldCom, which has hit a few bumps but is still averaging long-term growth of 26% a year and selling at a P/E of 12. If you invest in individual stocks, the past year should have taught you to do your homework rather than rely on stock analysts from the big brokerages. Most of them were...
Forget the profitless dotcoms. Better to hunt for beaten-up telecom stocks like Verizon and WorldCom, which are now popping up on the screens of dyed-in-the-wool value managers. The tech tortured can seek solace among energy services, banks and insurers, consumer staples and health care. Stay diversified and somewhat conservative. An all-purpose growth-and-income fund might be just the thing. Bonds are also a decent place to hide while the market is seeing a dark cloud behind every silver lining...
...killing in bust-ups. I'm not talking about AT&T, by the way. That's a bust-up with problems, not the least being that it will take a numbing two years to get done. But Ma Bell's latest split makes the subject topical, especially with WorldCom's having just announced a split as well. I'm not talking about letter stocks either. Those are bust-ups in name only. Management of companies with a tracking stock still answer to the parent's boss. What's the point...
BERNIE EBBERS Wrong number: WorldCom CEO sees stock fall; Wall Street not moved by restructuring plan...
...core businesses have been in an accelerating decline. In 1984 a federal antitrust ruling forced AT&T to spin off its lucrative local phone operations, now the Baby Bells. More recently, stiff competition from WorldCom, Sprint, the Baby Bells and wireless has been driving the profit out of the long-distance business--which still accounts for as much as 65% of AT&T's more than $62 billion in revenue. Ma Bell, which had been charging 15[cents] a minute for calls, suddenly found itself competing with rates as low as 4[cents] a minute. In this year's third...