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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: RobertSheldon who wrote (13314)8/10/2001 1:34:04 PM
From: jopawa  Read Replies (3) of 15615
 
CSFB said it believes Global
Crossing will have a funding gap of about $80 million in 2003,
rising to $400 million in 2004.
It expects Global Crossing to become free-cash-flow
positive in mid-2005.

This is a devastating analysis if it plays out this way. Why would the funding gap grow 5x from '03 to '04? Also, something that is never mentioned when it comes to fcf or "fully funded", is that in 7-10 yrs all of the debt actually comes due, God forbid. Not just the interest, but the actual debt. At what compunded rate for the next ten years does GX have to achieve to pull this off?
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