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Technology Stocks : Loral Space & Communications
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To: KyrosL who wrote (8478)10/14/2000 10:55:46 AM
From: Rocket Scientist  Read Replies (1) of 10852
 
<<I agree that a stock buyback at these levels is a no brainer. But is there enough cash lying around
for such a purchase?>>

Well, they have several hundred million of capex planned, mainly for new GEOs, between now and y/e 2001.....though it goes against BLS' instincts, I'm sure, the money would be much better spent buying the stock, at these prices.
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