What's a Stock Worth Today?

Focused on the future, WorldCom's pet analyst went astray. A past master tells us how to avoid that trap

Worldcom investors are in a world of hurt. They should have listened to a dead analyst, not a live one. In fact, the WorldCom bankruptcy has a lot to teach us about analyzing companies, and now, as the markets are searching for a bottom, is a great time to put those lessons to use.

Not long ago, Jack Benjamin Grubman was on top of the world. The Salomon Smith Barney telecommunications analyst was pulling down $20 million a year, and every big investor knew Grubman was the "ax," the one man who could make or break any stock in his industry...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!