Jason, you starting to sound as smart as Fink. I'm losing respect for you.
"Do you understand the reason why people invest in stocks? Cash flow is everything. It doesn't necessarily have to be distributed, but it has to BE AVAILABLE FOR DISTRIBUTION."
OK, use your reasoning and explain to everyone here who has been long WinStar why they just made 5 times their money in less than a year invested in WinStar. Or ten times if they bought on margin. Since WinStar was probably one of the best investments over the past 12 months, your statement, "Cash flow is everything" is obviously false.
"WHO WOULD EVER LEND MONEY IF THEY DIDN'T EXPECT TO GET THEIR MONEY BACK!"
Come on, I never said anything about debt holders not getting paid back. I said they have no claim on the first $2B of cash flow. They will be paid back according to the terms of the debt. They may even start getting paid back while the cash flow is still negative.
(I see Bernard just answered this in his last post. Since you respect his opinion more, go back and reread it.)
"If you don't care about the cash flow, I have plenty of investments I'd like to sell you."
Why don't you tell me about a few with a market as large as WinStars, and growth and future potential about equivalent to WinStar's. I may be interested. I also know a few here that are beginning to wonder what they'll invest all the cash we'll get in the takeover on.
Actually, don't worry about it. No need to respond, I can see this conversation is getting us nowhere. You just keep telling us we can't make money on WinStar, and meanwhile the rest of us will just count the money we've already made. |
