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BullNBear52

01/29/04 1:20 PM

#472 RE: extelecom #471

I would advise a word of caution on this stock. IMO it will take a hit eventually for civil penalties from the SEC. It will also take a hit from Medicare and Medicaid for filing cost reports if they relied on the financials in question. (That they can't escape from.) If today's news of alleged bribery is true tack on another civil penalty.

However on the plus side the company is composed of bricks and mortar and will survive imo. There are a lot of unanswered questions as to the dollar amounts that they will get hit with regarding civil penalties.

FWIW, I have owned this stock a couple of times but do not own it currently. I'm on the sidelines right now.