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 : McLeod, Inc. (MCLD) ---- IPO
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Softechie who wrote (1084)12/3/2001 10:13:17 PM
From: BWAC  Read Replies (1) of 1418
 
Whale Shit. So that was the game all along? Gaining control. You know MCLD wasn't that far away from making it. Some serious cost cutting and they would be EBITDA positive.

Of course, lets think this over some. From the press release, the current common will retain approx 30% of the company. Sounds bad. But debt is eliminated, to the tune of $300 Million Interest a year. Funnel those funds to the bottom line. Get us a PE and that 30% might not look so bad.

100% of a debt laden unprofitable, but promising company? Or 30% of a cash flow positive profitable one?

Its not like MCLD had a valuation now anyway? $250 Million market cap. If this transaction can turn the market cap back into $750 Million our holdings won't be any worse off.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News