SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tcd who wrote (1529)7/27/2001 1:13:05 AM
From: Dennis O'Bell  Read Replies (1) of 1983
 
Re: mktnews article about VZ

I'd been assuming that Verizon would have more equal footing with other bondholders in the case of Ch 11, but this article points out that the convertible bonds held by VZ risk not being worth much after the dust settles either.

The real question is whether the modest (compared to VZ writing off $1.7B) credit facility they're waiting on could really ward off eventual bankruptcy, or whether the broad economy is going to spiral into enough of a recession that no reasonable influx of money for MFNX will save the company.

In any case, we're in panic sell at any loss mode here with unprecedented daily volume. At least that's a contrarian indicator (sometimes!)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News