KT,
I started out the year full of enthusiasm for playing the horses. I upped my bets and got off to a great start, but since then I've been so darn busy with other hobbies, work, various get togethers with friends and family etc.. that I have almost no time to play horses. I'm really looking forward to my vacation later this month. I have a little over a week off.
Other than my disaster with LVLT, my investments are all either holding their own or doing very well. Mostly the latter. It's about time a few of those laggards of mine started getting recognized. :-)
Still holding on to some hope that LVLT can make it. I believe they have the best assets and business model out of the new IP based networkers. There's simply too many of them out there right now and LVLT's greatest advantages really don't start coming into play for several years. IMO, they can make it until 2003 on the current cash, cash revenues, control over Cap Ex. etc... They also have a few non-core assets that can be sold to buy more time. If they can continue signing new deals like they have been recently, that should more than offset the DOT.BOMBS and weaker telecom and web-centric customers they are losing due to the bursting of the bubble.
Those Omaha guys are very bright, have a lot of equity invested and very deep pockets. At least I know they will put up a good fight even if it requires some serious dilution. If they get a chance to prove the model, I think there is enormous upside. The stock is priced for almost certain bankruptcy.
Wayne |
