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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Did Standard & Poor's Make a Mistake?. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Did Standard & Poor's Make a Mistake?
by Jeremy at 5:57 am EDT, May 15, 2002

WorldCom has plenty of problems, and well-publicized ones. But does it really deserve to be exiled from the Standard & Poor's 500?

So far this year, WorldCom is down 91%.

S&P takes pride in not leaving companies in the index until they file for bankruptcy.

S&P acknowledged that it was possible it had erred in taking out WorldCom when it was still a $4B company. "We'll know the answer in six months to a year. If then it is still around and is selling for $5 a share, we will have made a mistake."

The author argues that S&P acted too early in deciding to oust WorldCom from the index.


 
 
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