NDAQ:VIAVV - Post by User
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queueon Oct 26, 2002 8:43pm
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Post# 5535482
m murphy
m murphySeptember 25, 2002
Dear Investor,
Warren Buffett takes a long-term view.
He's rich. Filthy rich. Rich beyond your wildest dreams. So
perhaps -- just perhaps -- you might like to take a page out of
his book for a change.
You see, Buffett invests the way all of us know we should...but
most people don't have the discipline to really do so. He never
chases overvalued investments, preferring to wait for prices to
swing to the other extreme.
That's when he pounces and then waits patiently -- perhaps 2 or 3
years -- to reap super-sized profits.
And if that's good enough for Warren Buffett, surely it just
might be good enough for you, as well.
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What Does Buffett Know That Others Don't
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Warren Buffett recently invested $100 million in fiber optics.
Fiber optics? That industry is DEAD, isn't it? Killed by
crushing debt, inventory glut and cutthroat competition.
So why did Buffett invest $100 million to buy up debt of Level 3
Communications? Three reasons:
1. It was cheap, giving Buffett incredible future leverage.
2. Fiber optics is the future of global communications.
3. He believes that Level 3 has a decent shot at ultimately
surviving.
And survivors in this industry will be VULTURES -- picking at the
bones of their competitors...buying assets for pennies on the
dollars...and reaping obscene profits when demand rebounds.
And demand WILL rebound -- I'll explain why in a moment. Plus
I'll detail the single best way for you to profit. In fact, I
believe you can truly quadruple your money by the end of 2005.