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Technology Stocks : EARTHLINK (ELNK)
ELNK 5.6300.0%Mar 8 4:00 PM EST

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From: Oeconomicus5/5/2009 12:05:09 PM
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Anybody watching this? The incredible shrinking cash machine?

Enterprise value to EBITDA is only around 2x on a trailing basis, but all subscriber bases are shrinking, as are revenues and profits. Does Huff have an exit strategy of any sort or do they just continue to buy back stock as the company shrinks at an accelerating pace? Eventually, the way they are headed, this becomes a shell company with a huge cash horde. What's he gonna do with it?

BTW, I finally dumped ELNK broadband this winter, switching to AT&T uVerse. Gonna miss my mindspring.com e-mail addy, but faster and cheaper sells.
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