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Technology Stocks : WCOM
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To: Thomas Walker who wrote (10770)6/24/2002 7:58:51 PM
From: Richard Mazzarella  Read Replies (1) of 11568
 
Thomas, <<I also agree that WCOM would never draw down the bank line and buy shares of stock. Their main focus is to increase cash available. Buying their shares would not do that.>>

I think you missed my point. The big guys are buying Worldcom bonds and shorting the stock. They are double dipping at the expense of common. If Worldcom did a buyback, the stock would soar. They could then sell it for profit when higher, or use it as collateral. Worldcom has enough cash for awhile, what they currently need is investor interest and create a posture of strength. Worldcom needs to think outside the box just like their enemies.
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