High-Yield Telecoms

Credit awards 2002

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What was one of the worst calls to make in your sector over the past year that you avoided?

Any long-term buy and hold recommendations in cable and telecoms (ex-wireless) were pretty much a bad call. We shifted approach on the big balance sheet cable names like NTL to short-term arbitrage trades early in the summer and in my opinion did a decent job in picking through the rest of the sector. I think like everybody else, we had a couple of bad calls, but fortunately, these were in the

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