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Technology Stocks : Loral: Reversal of Fortunes
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To: A.L. Reagan who wrote (5)4/4/2001 6:34:41 PM
From: SafetyAgentMan  Read Replies (1) of 12
 
I see Prudential just issued a new year end price target of $3. The sad truth is they have been right on the money about this company.

Loral Space & Communications (LOR-$1.15)
LOR: BARRELING DOWN A ROCKY ROAD--FUTURE CASH FLOW PROBLEMS PERSIST AND CLOUD VISIBILITY FURTHER. MAINTAIN HOLD AND CHANGE TARGET TO $3.
Loral and Loral Cyberstar's 10-K filings came out on Monday, and after reading both, our belief that the company's cash flow situation is tenuous at best was reaffirmed.
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