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Technology Stocks : WCOM
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To: Charles Carson who wrote (10918)6/27/2002 8:51:18 AM
From: Ed Zhao  Read Replies (1) of 11568
 
"Look, let's look forward!
At least we can take come comfort that the restatement will not effect the cash flow. "
You just don't get it. Instead of positive cash flow the public was led to believe, WCOM has had negative cash flow of over $2 billions per year. It will be very hard for WCOM to meet its upcoming debt obligations.

That was the past. WorldCom is now cutting expenses, shedding unprofitable business, selling assets. It's not impossible for WCOM to pay the debts that's coming due. It can even sell MCI.

Even if it will come out as a $15 billion business, but come out strong, it can still worth $45 billion, giving a stock price of about $5.
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