Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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From: fishing4thebigone	10/12/2005 10:42:35 AM
	of 10485

commitment for Covad to be EBITDA positive by mid-year 2006 "Our focus for 2006 will be on maximizing the revenue and profit contribution within NextWeb's existing markets and footprint. This will contribute to our commitment for Covad to be EBITDA positive by mid-year 2006." CH should be committed. They were EBITDA positive in 04, blew that and then said should be back to EBITDA positive in a year (05) after some poor decision making, now they are really committed to mid 06. (after ANOTHER dilution borrowing of 150 mil) What about actually making money, you know real money. When will that happen ? Any committment there Charlie? They did learn something about collars as they go burned bad last time. This is a team of people who really don't know what is going on or how to manage themselves out of a paper bag. EBITDA does not count! That is a dot.com accounting word invented for companies that don't make money but want to make their shareholders think they are. WHEN WILL MORE MONEY COME IN THEN GO OUT (after all the bad stuff like interest and taxes)? That is what we want to know.

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