MCI
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MCI-MCIC, The TuSimple IPO, and how to profit off retards
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I was working for MCI WorldCom at that time and was putting everything I could into the stock. I lost so much. SMH
Eron / Arthur Andersen MCI / Arthur Andersen
You have some incorrect assumptions about the dotcom era. The companies making the most money then were exactly the same situation as you described todaay. Established players with multiple products were making all the money by selling the services and hardware needed to create and access websites. Cisco, MCI, Microsoft, Lucent/AT&T, IBM, Intel, etc. Of the 20 most valuable companies in 1999, only AOL was a purely dotcom era company (and they were much more of an ISP/part of the infrastructure that gave people access to the web then vs today where they're just another click bait website). The actual dotcoms never came close to the valuation of those guys. Yahoo was the dotcom king and at its peak was worth maybe a fourth of what Cisco peaked at.
Looking like when Mr. Burns was shown hosi stock picks in the episode when he went broke. My man's about to diversify on MCI and Sizzler calls.
I am a pure technician. I watch the charts (specifically, I use point and figure charts). My issue with fundamental analysis is that it is so often wrong. Not to mention, the analysts frequently have some conflict of interest that taints their analysis. How many brokerage analysts rate a stock as sell or avoid? It happens, but not nearly as often or as quickly as it should. There is only one reason a stock goes up: there are more buyers than sellers. Period. End of story. Conversely, there is only one reason a stock declines: more sellers than buyers. Charts provide me with a graphic of the battle between supply and demand. They are not infallible, but they are far superior to fundamental analysis. They are more timely and depict the only thing that really matters in the markets: the battle between supply and demand. As for your assertion that in everyday life, a price rise will reduce the demand for a good/service, this is not always true. Some goods/services are essential and do not respond to price increases. These things are said to have inelastic demand. Medical services and gasoline are examples of goods/services that have relatively inelastic demand. Your point is still valid, however. Market bubbles frequently occur, and these always culminate with investors chasing whatever the assets are trending -- whether it be tulips, dot-com stocks, or houses. Do my charts always get me out before this happens? I wish! But then, they certainly worked with Enron and MCI. The fundamental analysts were late.
I see no issue they gutted SEC. They didn’t stop Madoff, not MF Global, not the financial crisis, not MCI, Not Enron. And the government shutdown is a clown and pony show. Both side play their cards and came out declaring as victors. Another 2000 pages bulls with trillions over budgets. Debt ceiling raise against. The government employees get paid days off. Business as usual.
MCI East Orient Trading Company! TuuuuuUUUUlips!
It's a party like 1999. Except everyone can be MCI. Cooking the books, no fear of investigations. Etc
This reminds me of 1998-2001 stock market where something was just off about numbers. People kept investing in high quality companies like MCI WORLDCOM and of course Enron. Perhaps time is cyclical
Not necessarily. A lot of share repurchases come from selling bonds. I.e. debt. But, that isn't the point. If the only people buying the stock at these elevate prices are the CEOs of the companies what happens when sales/revenue fall and they stop? Share Repurchases are a form of market manipulation that only recently has become legal and rampant. Enron and MCI Worldcom were issuing dividends. If you bought a stock believing them issue dividends was a sign of strength you lost everything. Look what happened to their stock.
Once upon a time I owned 700+ shares of Sprint. MCI offered to buy them out for $65 a share. I got greedy, assumed there would be a competition for the assets, and I would get more. Long story short, MCI was a house of cards which collapsed, and the price of Sprint dropped to $5 a share. Today, whenever I get a buyout offer on a company that I own, I sell it. Especially in your case, when the difference is pennies a share, sell and deploy the cash into another stock.
Every time someone posts something about investing heavily in company stock, i feel compelled to retell my experience... I worked for MCI/Worldcom during its peak in early 00's. You got free stock as incentive, and got to put your retirement into company stock as an option. Company was doing fantastic, so some folks kept chucking everything they had into it. We all really beleived in the company. We worked hard. Then news comes out Bernie Ebbers was using the company as a piggybank. Stock plummetted. Investors knew some Enron style legal problems were coming. Some people had their retirement wiped out overnight. Others that sold their free stock as it matured were like "wow, glad i didn't hang on to it". Now let's contrast that with the news recently if Steve Wozniak saying he sold his shares in Apple really early on. Guy prob would be a billionaire today. So, just be wary. Do your dd of your company. Listen to the grapevine and scuttle butt for potential issues. Don't put all your eggs in one basket. A 15% discount on stock sounds nice..unless the company is going south.
Is a shit MCI better or worse than a good MCI?
DotCom bubble....people pumping stocks of companies that produced nothing. It was golden age of internet where companies created websites and that was mostly their business model. Techo Bro geniuses investing lots of money in nothing burger companies. You had companies like MCI, Enron, lots of telecom (Qwest) led by CEO's who later went to prison. Sounds a lot like AI but AI seems to produce something but almost every IT/Software company has some AI play now
Buying FB before it was META when the IPO crashed and burned. My cost basis is $19 and change. The worst mistake was being greedy. I had 700+ shares of Sprint when MCI offered to buy them for $65 a share. I got greedy and assumed their would be a bidding war and I would get more. MCI turned out to be another Enron and when that house of cards collapsed so did the buyout and Sprint fell to $5 a share.
If there are no deals, oh well it's already priced in. To da moon! If there are deals, the market moons 19+%. Nowadays, every company is Enron, MCI or CVNA or one of them crapto coin.
Nowadays, just about every company listed in NYSE or NASDAQ is Enron or MCI or CVNA. And all financial regulations enacted after 2008 has not been repelled yet. It will be playing with monopoly money for a long time. Back in 90s in Brazil hyperinflation, people put all their money into savings accounts as soon as possible so they can get most of the money value. Since the interest rate will be practically 0%, people will be putting their money into the stock market or Crapto coins. So invest in BULL or HOOD.
these days whole market is a ponzi scam. wouldn't be surprised if MCI comes back and re-listed.
your odds (or anyone's) of picking a stock that will outperform the overall markets are bad. (44% of stocks in the Russell 2000 had catastrophic losses of 70% that they never recovered ) The S&P has had a very strong 40 years but 100's of companies have been removed from the S&P (think blockbuster, enron, MCI, etc) 1980-2020 S&P: 42% companies had negative absolute returns, and only 10% were "megawinners" (500% over that 40 year period) The odds your stock picks will under perform the markets are good the longer you hold stock, the worse they perform in the long-run your ability to diversify (have some stocks do well enough to counter the ones that dont) requires a large basket of stocks (100-150) ... and we already discussed your odds of picking good stock\\ Google "The Risk of (Individual) Stocks" by Ben Felix and watch the youtube video (I posted it but my post was removed due to the youtube link) That being said: I hold 3.4% stocks in my accounts. They were from when i first got into investing 25 years ago and was clueless. The only recent one is from 3 years ago before I knew about bogleheads / index fund investing and purchase salesforce at $150. currently at $265 but i sold most of my holding and just have 10 shares for fun)
Worldcom/MCI (WCOM) hit $2391.2 on March 30, 1999. It was $3.65 on October 30, 2002.
Party like 1999. Just like MCI or Enron.
I stopped day trading years back. I paid over $100K in income taxes to the IRS for 2024. Life choices I suppose. I’m a bit more jaded after living through Carter inflation and rates, the 80s and data centers, Silicon Valley, web van and dot com implosion, real estate collapse including firms like MCI and Wamu. Best of luck! It’s a good learning experience though.
\> Actually, it wasn't that bad a decade ago. It wasn't great, but not what it is today. I'm pretty sure your exact words were that it wasn't bad a decade ago. But it doesn't matter if you mean 10, 15, 20, or 40 years. Chinatown has been crime riddled since the riots. They put the convention center there in the 80's to try and stop crime. Then they put MCI there in the 90's and expanded it in the 00's to try and stop crime. Then they put City Center there in the 10's to try and stop crime. Then they gave crazy tax credits to keep the Wizards and Mystic there in the 20's to try and stop crime. It's been a bad area for longer than most people on reddit have been alive.
Just watched a documentary about MCI WorldCom and couldn’t believe how many baggies it left in the dust. But then I remembered that I’m a PLTR investor.
In this administration, the financial oversight is out the door, Any companies can be Enron or MCI, cooking with impunity
It's going to be party like 1990s. Enron and MCI.
It is back to 1999. All (shady?) companies can cook the book with no problemo, just like MCI or Enron used to do.
it's back to 1999. with this administration, Tech companies can cook the book Enron/MCI style.
Thanks. I remember my grandpa having Bell stock, then the split and the baby bell companies forming. Didn’t know VZ was formerly Baby Bell Atlantic Worldcom was the 2nd largest telecom company to ATT, committed fraud, was renamed to MCI and was bought out by VZ. VZ was able to buy distressed assets during the telecom crash and they are due for recover after so many years
I've never held on to RSUs. I sell once they vest and put it in an index fund. A single company can do too much fuckery and go to zero in an instant. Index funds don't See: Enron MCI World Com
With how spicy the world is getting, pick an MCI stock like $LMT and yolo that fucker either to the moon or to the grave.
A lot people lost their shirt invested in Enron and MCI.
https://en.m.wikipedia.org/wiki/Lehman_Brothers https://en.m.wikipedia.org/wiki/Enron https://en.m.wikipedia.org/wiki/MCI_Inc.
Blockbuster; Circuit City; Pan Am; Bear Stearns; Washington Mutual; Kodak; Radio Shak; Borders; Sun Microsystems: Palm Inc.; TWA; Compaq; Enron; WorldCom; MCI; American Motors; Pier 1; CompUSA; KayBee Toys; A&P; Studebaker; Pullman Company; Fairchild Aircraft; American Locomotive; Briggs & Stratton; McKeesport Tin Plate Co.
$MCI !!! 
10K of MCI became 30K of Worldcom became 0 dollars!
Who the hell said stocks only go up? Probably the Enron, MCI, Brocade people….
Preferred stock with high dividend yields, bonds, high yield junk bond etfs with long track records, utility companies, BDCs, materials companies are all defensive investment approaches that work for different reasons. Most of these trade within a narrow range so they hold their value in a down market plus have high enough dividends that you can still get growth if you reinvest them. These are especially good in an IRA. They are defensive investments that usually outperform bear markets. Because I am relatively close to retirement I have one of my Roth IRAs entirely invested like this (in UTG, ARCC, MCI, and PTY). It still did over 10% last year. It is unglamorous but will likely double in value over the next 8 to 10 years and then provide significant tax free cash flow from dividends in retirement. The last chapter of investment requires different strategies than the earlier ones because you don't have enough time to recover from a black swan event if you aren't diversified between offensive and defensive strategies.
Everyone that didn't have their head jacked up their ass knew MCI and WorldCom were cooking the books. In the year leading up their implosion you could "feel it" in the plummeting quality of their networks. Enron told everyone to their faces what they were doing and people still gave them money.
15 downvotes on this within 15 minutes and I banbet 🅱️MCI goes to 0 in 30 minutes
We all make mistakes. I held MCI WorldCom all the way to worthless. But I learned from that.
MCI Worldcom, they are rocking the telecommunications industry!
I'm looking at a 1998 article. > Even a surge in oil and agricultural prices, however, would have trouble getting investors as excited as they have become by big Internet companies like Yahoo, Amazon.com and Netscape. Those stocks, which have recorded three- or four-digit percentage gains this year, plus smaller companies like Ebay, Mindspring Enterprises and Infoseek, which have recorded similar gains, have put the Nasdaq in line for its third-best performance since it was begun in 1971. further down > the biggest stocks in the index -- Microsoft, Intel, Cisco, MCI Worldcom and Dell Computer -- which together accounted for more than 60 percent of the Nasdaq 100.
Study the history of Enron and MCI Worldcom, among others.
Of course a company with MCI in its name is cooking the books 
ah, the good old days, along with Worldcom MCI.
That's not SMCI, that's MCI 
Mattress Capital Investments $MCI
Well, the car thing is kind of true and not true. Yes a lot get made overseas and are shipped here. But, car sales are down right now and inventory stock is through the roof. I'm just speaking on my area living in KC and working at the airport. There's literally thousands of cars /trucks/SUVs that are parked at the airport park and fly lots. And these are not f150 lightnings or whatever is the car to hate this month. I'm talking about all brands of makes and models. It's a sight to see when riding down I29 to MCI.
No you are not. In my lifetime I have seen Enron, MCI Worldcom, Delta Airlines, Leheman Brothers all go to zero. Bear Sterns sold in a fire sale. You should never have more than a few percent, say 5% or less, in any single stock.
Get this comment to 15 upvotes before the next 15 mins and I will banbet 🅱️MCI to 0 in 30 mins.
Dump slipped past MCI hella fast, dudes going full blown dementia in 1.5 years.
Global crossing , MCI , Enron , ubid, ffiv, Copper mountain , cmgi, level 3 , nothing new under the sun, There will always be people selling get rich quick .
The mods of the 🅱️MCI sub warned this would happen 👀
I’m for fairness. If you eliminate taxes on income, someone will complain about NBA and movie stars making millions. “How unfair they pay $0!” If you eliminate capital gains tax. Then the complaint is against someone holding an asset that appreciates with a risk of loss to $0 because of whatever (MCI Worldcom) So if we tax income of some people $0, why wouldn’t we tax everyone at the same rate? If the top pay 20% at a flat cap gains rate, isn’t that better (which is actually what we do today) But a sliding scale? Confusing an income tax with cap gains? There is a problem there.
Yes. I've had the same baseless opinion myself. The shenanigans they pull just seems like a fraudulent company to me. I'm putting in the category of MCI and Enron and Vevendi. Fruad is going on for years and years, yet none of the top tier accounting firms can catch it. Imagine what BABA is able to pull off being in China protected by the government.
there used to be a kfc/taco bell/pizza hut. when I was a kid there was a taco bell/pizza hut combo right next to (20 ft) a macdo and everyone called the block "McTacoHut" and that was fun... then MCI WorldCom collapsed and so did the McTacoHut with it. RIP McTacoHut..... *forever in our* *~~hearts~~* *arteries*
Cognitive issues such as early onset dementia or just the diagnosis of MCI (Mild Cognitive Impairment) may be in play given age - my dad did some weird things at the beginning. If there’s any type of memory loss, confusion, confabulation, it may be worth looking into
Of course, there were. I had 700 shares of Sprint when MCI offered to buy it for $65 a share and I got greedy and assumed there would be competition to buy it. Instead MCI crashed and burned as houses of cards often do and Sprint crashed to $5 a share.
MCI Worldcom is going to be a hot item, I hear!
Through mergers and acquisitions of companies he worked for, my dad ended up with a large portion of his retirement in MCI Worldcom stock at 50. That financially hurt him pretty bad. Not his fault, but, to your point, 23 is a better age to get wiped out than 50 or 60.
Enron and MCI cooked the book is fraud. DJT is not cooking the book. Just because shit company has unreal valuation is not fraud.
I’m long MCI and Worldcom 
Do i think Tesla is the next Enron? No. I think Tesla has a lot of things going for it that Enron didnt. But i *do* think that market conditions and behaviors are favorable for another company to become the next Enron (or MCI). Tons of startups out here just raking in investor dollars to stay afloat until they get their pricing and cash flow figured out, just hemorrhaging cash. Then the big fish eat the little fish, and take on their debt. Eventually, one of those fish are gonna collapse under their own weight. I think Tesla will merge, buy, or be bought by one of the “legacy” car companies long before it goes belly up.
MCI and Enron weren't open source, transparent, permissionless, censorship resistant, live databases that you can query in real-time, use 24/7. > Even the market itself has crashed a time or two. Sometimes markets go down, therefore crypto is a scam. Great argument.
People bought MCI and Enron all the way down. GE was a great deal for decades. HP, IBM, etc. Even the market itself has crashed a time or two.
Tomorrow would be a good day to buy junk bond ETFs like PTY or MCI, lock in your 9% dividend yield, and then sell next year when the fed is done cutting interest rates and bond prices are up. A boring but effective way of making money.
And yet somehow the MCI is draining our budget.
Something like PTY or MCI that have long track records, pay out a high dividend and will also have appreciation as interest rates fall.
Yes, you have to stare at that loss and keep opening and closing CC's. That takes discipline. You cannot sell strikes that keep your loss to zero, but you can sell strikes that will not be called and make money on them. You have to optimize. The key is to sell the CC when the item is up, and then close it out when it is down far enough. And then you repeat. TQQQ is better than most things, as it has been, and will be loaded with the 100 fastest growing companies, and will come back. Now, when you do this with an MCI worldcom, Enron, or Silcon Valley Bank, you can lose it all.
My biggest mistake was buying it in my taxable account and not in my IRA. As it stands now, someone is going to inherit it because I can't afford to sell it. As for credibility, I don't really care. If you look at my post history, I also recount how I didn't sell Sprint when MCI offered $65 a share for it. I got greedy and when MCI collapsed so did the price of Sprint. So I don't just post about my winners.
You donkey It's SHORT/ MCI
Like UUNET that practically owned the internet but went bankrupt anyway and got bought out by MCI Worldcom that eventually became Verizon? Or do you mean like Netscape, one of the most popular browsers? Or maybe AOL that was one of the largest ISPs? Or maybe US Robotics that sold all the modems? Or Tandy that sold millions of computers? Or 3COM or Baynetworks that sold all the data switches? Or maybe Novell that was one of the largest network infrastructure providers? All these companies were key players and went broke.
In the late 90s I was in tech, everyone was using MCI worldcom for high speed internet access, I told myself, this will be a winning investment.
Super MCI. Remember MCI, the telecom company? This is the super version
MCI. I should have sold when I left them, could have had a nice start on something else or a car. Instead, my wife said hold on to it, it will only go up. We know how that turned out.
Blast from the past, MCI WorldCom, 50k.
You mean like Nortel, MCI Worldcom and Wirecard?
This was just one example of a trade, I don’t trade bank loans exclusively. The main ticker I’m talking about is MCI. It’s a closed end fund which means the shares get created at IPO but no more investor cash flows into the fund after that. This is different than something like an ETF or mutual fund, where the fund can take in cash, go buy the underlying assets in the open market, and issue new etf/mutual fund shares to investors. Since CEFs can’t do this, their shares are way less liquid and can become disconnected from the NAV (net asset value, basically the open market value of everything the fund owns). Normally big players would be able to come in and close the gap between the NAV and the share price, but the market caps of the funds are too low for them to really do that. Sounds like these things suck, right? High fees, low liquidity, most are dividend traps, why buy them? Well one major benefit to the CEF structure is that they don’t need to worry about creating and redeeming shares. So the fund is free to invest in very illiquid assets and take a long term view. So MCI has been around since the 1970s and has outperformed SPY over basically every period in its history. It gets access to a bunch of privately places bank loans that companies go to Barings for. It basically acts like a business development company, where growing companies go to it for loans but also get management guidance that helps them grow successfully. Some of the loans are convertible, so they can become shares and provide upside if the company does well. They are almost entirely senior secured loans that are floating rate. So when I see a fund line that, which has almost always traded at a 8-10% premium to NAV, trading at a 10-15% discount to NAV in an environment primed for rate hikes that should help the performance of loans in its portfolio, I’m buying. CEFs are usually held by retail investors using them for retirement income, so they don’t like risking short term distribution cuts should a recession occurred. That short term fear provides easy money to investors that don’t need the funds as a generator of current income, thus 40% (maybe more, I haven’t done the math that closely) returns with very little risk. Note that I’m not saying you should buy this fund. It’s back to trading at a big premium which has caused me to take most of my gains. But honestly, it’s a proven asset that I think will probably be in my portfolio for the next decade at least.
I have. I owned 700+ shares of Sprint when MCI offered $65 a share for them. I got greedy and assumed there would be other suitors. As it ended up, MCI crashed like the house of cards that is was and Sprint declined to single digits. That is a mistake I never made again.
Floating rate Bank loans. I made like 40% on MCI during the hikes.
Chad-MCI 
There are many high yield etfs, short term bonds on the market. I have spreaded to over dozen of them. My feeling is interest rate will not come down. Stock market will stall and go back to 2023 Q4 level. The income funds I have many deliver >10%. SPYI alone delivers 12% w/ s&p stocks. Many closed ends income etf/mf deliver 10-13%. Got in 7% (really 5%+ tax free State muni bonds 10-20 years) last fall. I was told MCI is a good one at 8.4% and has beat S&P last few years. So I added some.
OMG, I literally just said this up \^\^\^ there. "I don't wanna say I predicted this, but lately I've been googling "is the 737 Max safe 2023", I just can't think it's a good airplane anymore. I'll stick to the NGs and earlier models. I feel safer in the 737-700s they fly out of MCI on Southwest. 3 months, try 30 years in the sky, gimme that 700." 1
I don't wanna say I predicted this, but lately I've been googling "is the 737 Max safe 2023", I just can't think it's a good airplane anymore. I'll stick to the NGs and earlier models. I feel safer in the 737-700s they fly out of MCI on Southwest. 3 months, try 30 years in the sky, gimme that 700.
Largest by far was MCI, which has outperformed US large caps for the two years I’ve held it as well as pretty much every year since it’s inception in the 70’s. You’re allowed to move up the capital structure if you’re worried about equities, you don’t have to buy puts or hold cash.
As a rule, I never hold stock in the company I work for. My reasoning is this: 1) By working there, I have a different view than I do of any other company and cannot be unbiased. I will have unrealistic favorable or unfavorable opinions. 2) if the company hits a rough patch or fails, it affects both my income and my savings. Enron, Sears and MCI are examples of total failures. There are many. 3) There are plenty of other options to invest in. Industries tend to move very close together. At the very least, do not have excessive exposure to your company's stock. The same as any other single stock. But, I would sell every share as it vests. But I also wouldn't tell people at work as many people will see that as disloyal.
You don't even have to go that far back to see that plenty of titans either fall or significantly downsize. Sears, MCI, IBM, and Yahoo used to absolutely dominate their industries. Where are they now? This is the problem with holding individual stocks.
This investment looks very, very professional too me. I would keep it. If the stock market drops 50% in value, I would consider selling everything and moving the money to ETFs: MCI world, S&500, emerging market, asia etf.
MCI has outperformed the market since the 70s and has raised its dividend to an all time high this quarter, and despite all this is still trading at a slight discount to NAV. it traded at a large premium for most of its existence up until covid.
Standard Oil. MCI Worldcom, Enron, Kodak, Pennsylvania Railroad, and Carnagie Steel. Everyone knows this already.
It's also a lot harder for a company that pays a dividend to commit fraud. They have to operate a real business that generates real cash and pay it out to shareholders. Companies like FTX, Enron, MCI Worldcom, Wirecard, Theranos, and Luckin Coffee can just sit back, cook the books, and provide imaginary income statements to their shareholders.
I remember when MCI WorldCom pushed there employee stock purchase plan on me. It went tits up less than a year later.
My ex's grandma is somehow still living on her husband's MCI pension, who died like 15 years ago. Fuck man, remember pensions? lol.