Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Thomas M. who wrote (54944)	1/5/2001 11:56:01 PM
From: Ken98	Read Replies (5) of 436258

Thomas, that is an excellent point. And when a company like Charter can do a $1.75 BILLION junk bond float today, there just ain't no liquidity problem. Take a look at the underlying fundamentals of Charter. Going into today they had roughly $13.25 BILLION in debt supported by a $5 BILLION market cap and only 6.3 MILLION subscribers (on 10.1 million homes passed). Now they have around $15 BILLION in debt. By my calculations that comes out to $238 MILLION in debt PER EXISTING SUBSCRIBER. Interest costs alone are $16 MILLION per subscriber per YEAR! I don't know about you but I find that rather stunning and would love to talk to the numbnuts that took a piece of this issue. biz.yahoo.com

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