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Technology Stocks : 360Networks - TSX - TSIX

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To: Dexter Lives On who wrote (147)	4/25/2001 10:06:48 PM
From: LAURIE SELINE	Read Replies (2) of 449

Why is Jean Monti laughing? Because he hedged BCE's remaining share in Nortel at around $90. I believe BCE made enough money off that hedge to pay for the entire CTV acquisition. So, my point is this. If you know you're facing a downturn in a stock you own, why not hedge it? Pick a major player, any major TSIX player... Now, I have a dumb question. If your debt is trading at $0.11 on the dollar, why not buy it? Is there any rule against buying back your own debt on the open market? With TSIX's bank debt trading at $0.50 on the dollar and bonds trading at $0.16 on the dollar, the entire face value of TSIX's $2 billion debt was $500 million. I guess you can't do that. You'd need an outsider with deep pockets. Does the intrigue never cease? Most expensive thriller I've ever attended... on paper. Happy speculating L.

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