Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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7/26/04
Mr E: The End of a Love Affair

ATT isn't earning its dividend

It's far too overpriced to be acquired

The effect on New Jersey where there are still thousands of employees.. and huge tax paying land and offices.. is still far from the maddening analysis of Wall Street

But the long love affair with widows and orphans is coming to an end

We must thank the American government and its socialist states and the trial lawyers and SEC and FCC for destroying one of the greatest capitalist angels and replaced it with - ?