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Technology Stocks : Loral Space & Communications

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To: SafetyAgentMan who wrote (8483)10/14/2000 7:46:53 PM
From: Rocket Scientist  Read Replies (1) of 10852
 
SAM, where do you get s/h equity of 1.8B$?

I see 2.853B$, as of Q2, including the non-recourse-to-Loral Orion debt.

But if Loral assumes this loan, it will have as much G* debt as it presently does equity; worst case for G*, imo, is far from a complete loss for Loral. A scenario that works for Loral s/h is G* equity getting diluted, maybe even to zero, and the debtholders (Loral, Qualcomm and the bond owners) splitting up the company proportionate to their debt holdings.
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