Hi Mark:
Maybe my analysis is crude and naive, but WCG
has 23k route miles of fiber (33k at the end of 2000)
to 13k currently for LVLT, it trades at P/S = 6,
compared to P/S = 57 for LVLT ...I realize there are
a lot of other intangibles, such as management, etc...
but to an untrained eye like mine, WCG does not look
outrageously priced. Also, for the record, I think that
Janzen, WCG's CEO, actually comes off quite well on TV,
based on a sample of 2 interviews I have seen.
On the other hand, I have got to agree the WCG commercials
are putrid. Their only good aspect is that viewers
remember the name of the company. Unfortunately,
probably not positively.
Best regards,
bernard Levy |
