[CANSLIM] Andersen and SEC Chairman Pitt

From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Andersen and SEC Chairman Pitt
Date: Tue, 29 Jan 2002 18:21:50 -0500

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Interesting article, Congressional investigation expanding from Enron, =
into Sunbeam and Waste Management.=20

http://biz.yahoo.com/rf/020129/n29257422_2.html

Most common reason being cited for today's drop? Worries over more =
accounting irregularities turning up. Tyco (TYC) dropped another 20% =
(down 43% for the month) as more details emerge. One new one disclosed =
today was that an outside director was paid $10 million, plus another =
$10 million to his favorite charity, for helping put together their =
acquisition of CIT Group. Not disclosed until five months after the deal =
had closed? That this director was also the owner of 50,000 shares of =
CIT Group, reported to the SEC finally on Nov 7.

Accounting practices are now being questioned at IBM and CD. CD also =
uses off-book partnerships.

Tom Worley
stkguru@netside.net
AIM: TexWorley

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<DIV><FONT face=3DArial>Interesting article, Congressional investigation =
expanding=20
from Enron, into Sunbeam and Waste Management. </FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><A=20
href=3D"http://biz.yahoo.com/rf/020129/n29257422_2.html">http://biz.yahoo=
.com/rf/020129/n29257422_2.html</A></FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Most common reason being cited for today's drop? =
Worries=20
over more accounting irregularities turning up. Tyco (TYC) dropped =
another 20%=20
(down 43% for the month) as more details emerge. One new one disclosed =
today was=20
that an outside director was paid $10 million, plus another $10 million =
to his=20
favorite charity, for helping put together their acquisition of CIT =
Group. Not=20
disclosed until five months after the deal had closed? That this =
director was=20
also the owner of 50,000 shares of CIT Group, reported to the SEC =
finally on Nov=20
7.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Accounting practices are now being questioned at =
IBM and=20
CD. CD also uses off-book partnerships.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</FONT></DIV></BODY></HTML>

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