SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IRID - Iridium World Communications IPO Announced!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Marty Rubin who wrote (1928)6/15/1999 1:17:00 PM
From: biostruggle  Read Replies (1) of 2693
 
Bottom line with any company is cashflow. No matter how you cut it, its very clear Iridium can not produce enough cashflow to service its bond and bank debt. This means bankruptcy or re-organization (effective bankruptcy). The bonds and bank debt is converted to equity with a "substantial dilution" to existing shareholders. My advice if you like Iridium sell the stock and buy the bonds.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News