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Technology Stocks : Loral Space & Communications
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To: CChalmers who wrote (9147)3/26/2001 7:43:12 PM
From: A.L. Reagan  Read Replies (1) of 10852
 
LOR is on an irreversible course to annihilation

Crushing debt load, no new sources of capital. Circumstances considered, this painful conversion dilution is a necessary step for LOR's survival. Basically what we have here is the flip side of needing to retire fixed charges incurred with all the G* related debt.

So, I can't fault BLS for doing this now, as there aren't a lot of other choices; but lots of people saw it coming long time ago, and BLS was in denial.
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