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Technology Stocks : WCOM
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To: Eric K. who wrote (11280)7/12/2002 9:24:44 PM
From: Oeconomicus   of 11568
 
thanks for that enlightening commentary. you obviously have extensive experience in these matters.

try reading my posts on the position of the banks in all this. they have the power and an incentive to keep this out of BK. the market value of the publicly traded bonds is probably a good indication of the lack of leverage of the bond holders, but certainly has little or nothing to do with the cash generating capacity of the underlying business.

and no, I am not smoking anything.
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