Despite Losses, Complex Deals, Analysts Remain High on Enron
October 28, 2001
I am sending this article out for anyone who has time to read how financial scams continue to lose investors money long after the bubble first popped. Analysts remain bullish on this company, Enron, that has been touted for a long time as an energy industry juggernaut and profit-machine. Amazingly, analysts following this stock have not, and still cannot, exactly explain just how Enron makes its money!!!
The dirty laundry is finally coming out on Enron and given how strongly many of these anlysts are sticking by their big-time loser, the stock has further to fall...and we should sooner or later hear how conflicts of interests between these bankers and Enron clouded the former's judgement and enriched Enron executives as they sold large buckets of stock as it conitnued to steadily lose value....
October 26, 2001
Heard on the Street
Despite Losses, Complex Deals
Analysts Remain High on Enron
By SUSANNE CRAIG and JONATHAN WEIL
Staff Reporters of THE WALL STREET JOURNAL