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Technology Stocks : WCOM
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To: JOHN A. who wrote (10775)6/25/2002 12:18:50 AM
From: Oeconomicus   of 11568
 
Also from your link:
Mr Grubman's downgrade related in part to a "subtle wrinkle" in his assumption of WorldCom's planned completion of a $5bn credit facility.

He said his realisation that the $5bn credit facility would include a $2.65bn facility that is due in 2003, as opposed to it being a completely new facility, suggested that the company had "somewhat less long-term access to liquidity" than he had previously assumed.

Hmm. You think he figured that out by reading our thread? ;-)

So, his downgrade was a result of the fact that he hasn't been paying attention or reading company filings. Works hard for his millions, doesn't he?
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