Qwest is in the same business and they have the same fundamental problems. I don't know if they have fraud but they don't need fraud to go under.
what are some more sick stocks like wcom?
- Thread starter Gordon Gekko
- Start date
quest was one of andersen's biggest clients, and like WCOM, went to KPMG.
andersen billed Q $11.9 million versus $16.8 million for WCOM. i can't tell over what period this is by the sheet i'm looking at.
andersen billed Q $11.9 million versus $16.8 million for WCOM. i can't tell over what period this is by the sheet i'm looking at.
cool, i didn't know the link to anderson. That just makes me more negative on them. Could be a sort of rolling crash in the telecom sector just like what happened after Enron with the energy companies.
Perhaps someone could email Martha and see if she has any thoughts on more companies that may be in trouble.
Originally posted by macal425
Why not get a hold of Andersons client list and short a basket of them.
your wish..granted
Following is a list of S&P500 companies who have Arthur Andersen as
Auditor (source:- Bloomberg 14/02/2002)
ABT Abbott Labs
ADCT ADC Telecom.
APD Air Products
AW Allied Waste
AT Alltel Corp.
AHP Amer.Home Prod
APA Apache Corp.
ONE Bank One
BCR Bard Inc.
BBT BB&T Corp.
BMC BMC Software
BCC Boise Cascade
BC Brunswick Corp.
CPN Calpine Corp.
CTX Centex Corp.
CIN Cinergy Corp.
CMS CMS Energy Corp.
CL Colgate-Palmolive.
COST Costco Wholesale
CUM Cummins Inc
DHR Danaher Corp.
DAL Delta Airlines
DNY RR Donnelley
DYN Dynegy Inc.
EIX Edison Intl.
EC Engelhard Corp.
EOG EOG Resources
EFX Equifax Inc.
FDX FedEx Corp.
FE First Energy Corp.
FRE Freddie Mac
FCX Freeport-McMoran
GD General Dynamics
GP Georgia-Pacific
HAL Halliburton
HET Harrahs Entertainment
HIG Hartford Financial
HSY Hershey Foods
HLT Hilton Hotels
HI Household Int.
ITW Illinois Tool
IP International Paper
ITT ITT Inds.
KMG Kerr-McGee
KSE KeySpan Corp.
LIZ Liz Claiborne
MAR Mattiot Int.
MI Marshall & Ilsle
MAY May Dept. Stores
MRK Merck
MIR Mirant Corp.
NWL Newell Rubbermaid
NEM Newmount Mining
GAS Nicor Inc.
NI NiSource Inc.
NTRS Northern Trust
OXY Occidental Petro.
OMC Omnicom Group.
ORCL Oracle Corp
PTV Pactiv Corp.
PGL Peoples Energy
PFST Peoplesfot
PKI PerkinElmer
PCL Plum Creek Timber
QTRN Quintiles Trans.
Q Qwest Comm.
RHI Robert Half
SANM Sanmina-SCI
SLE Sara Lee
SFA Scientific-Atlanta
SIAL Sigma-Aldrich
SNA Snap-On Inc.
SO Southern Co
SOTR SouthTrust Corp
HOT Starwood Hotels
STI Suntrust Banks
SYY Sysco Corp
TMO Thermo Electr.
UNH UnitedHealth Group
UVN Univision Comm.
SLM USA Education
WAG Walgreen
WMI Waste Management
WY Weyhaeuser
WCOM WorldCom
XEL XCEL Energy
Just a point worth noting for where Wcom's trading at the moment is if it manages to get above 0.10-0.11 it'll lose a decimal point,instead of $0.064 it drops that 4,.....get a bit of buying happening they can really boogie once they loose that 3rd decimal.
May or may not get the chance but if it does get back up there it might be worth watching.
May or may not get the chance but if it does get back up there it might be worth watching.
i'm short syxi..the daily chart is terrible and it has a p/e of 78.
