Pump's daily trading recs, emphasis on short selling Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michail Shadkin who started this subject	2/5/2003 6:03:37 AM
From: ayn rand	Read Replies (1) of 6873

re: LWIN who wrote this Email sent to me on 3/7/02? Today I shorted a 2% position in LWIN at 10.80 Here is some research and thoughts behind this trade. Leap Wireless International is a wireless communications carrier that deploys, owns, operates and participates in CDMA telecommunications networks in domestic and international markets. For the fiscal year ended 12/31/01, revenues totaled $255.2 million, up from $50.3 million. Net loss before extraordinary item totaled $483.3 million vs. an income of $4.6 million. Market Cap is 382 million Cash is 8.84/share Short interest is 25% Debt/Equity ratio is a huge 4.75 Total long term debt is 1.5 billion Interest expense is -1.19 per share/quarter EPS last 4 Quarters: -3.88 -3.91 -4.43 -5.88 lst quarter missed estimates 3 of these quarters March quarter estimate is -4.31 June quarter estimate is -4.05 2002 estimate is -15.88 2003 estimate is -7.93 Where the hell is all this money going to come from? They currently have enough cash to last under 3 quarters. Then they will have to borrow like crazy to keep the doors open. When their debt is downgraded to junk, it slights out Irene. Also, the interest expense on about half their debt will rise significantly when rates start going up later this year. In my opinion, this is a sure ZERO. Just question of time. Fundamentals dont get much worse than this. That said, the stock price can easily reach 15 in the near term if market keeps climbing, so if you are short make sure you are well allocated to hadle any near term volatility. Happy Trading

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next