Stock Models Revisited: Lessons From the Internet Era By David Edwards About this article: More than a year ago, I wrote the following words in one of my columns: "Especially this year, which we predict will be a shakeout year for many Internet companies, investors have to scrutinize the balance sheets and cash flow statements of their investments and limit their investments to those with the deepest pockets." That column, "Practical Models for Sifting Through Stock Ideas," was published on Feb. 11, 2000. As the Internet indices continued to soar through April 1, 2000, aggressive investors might have thought that I didn't "get it." But as we now know, my call was just a few weeks early. As the 1999-2001 period was a particularly volatile one for Net stocks, it seems like a good time to review the models I described in that article and to discuss the stocks I'm buying now. Innovators/Adopters/Laggards Model This model tries to determine... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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