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Technology Stocks : Covad Communications - COVD
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To: margin_man who wrote (2382)11/21/2000 12:59:44 PM
From: BWAC  Read Replies (3) of 10485
 
You know whatever. Just whatever. Crammer sure does get emotional sometimes it seems. And never ever misses the opportunity to yell fire. I bet TSCM goes belly up first.
You know their operating expenses are 7 times their gross profit. And those expenses don't appear to really be buying anything tangible or physical. And only $90 Million in cash? And where the heck is their growth going to come from? I mean paying growth, not page views. I read it every once in a while for a good laugh, but pay for a subscription? No way.

Nah, It won't really go bust. No debt. And it is too valuable a tool for the hedge funds to just disappear.

But of course that 90 Million cash willonly last about another year by my calculations. They surely will have to incur some debt soon enough. But I'm sure between Crammer and Hummer and Greenbuger they can figure it out.
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