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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (9521)7/16/2002 8:53:29 AM
From: Carl Worth  Read Replies (1) of 16631
 
incredible report from NXTL if the numbers are real, these days can you trust anyone who beats estimates by this much?

taken to itself this would be an impressive story, the company executes solidly and then is able to go out and buy its debt back for 60 cents on the dollar, thereby getting an instantaneous and huge return on their money made this quarter...it would be like getting a raise at work and then having the bank call you and say they will let you pay off part of your mortgage with them matching your money 1:2

they still have a ton of debt and with their bonds expected to trade up 15% at the open they won't be able to buy their debt back as cheaply in the future but if these numbers are real this looks like it could be a huge winner long term

i wish i knew for sure their numbers are real, these days if it seems too good to be true, how can you help but be skeptical?

huge congrats to NXTL if this is for real, going to be a nice day for the holders of 86M shares short of NXTL <g>

carl
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