Frank,
Below, find what I posted a couple of days ago, and I believe it continues to be the case, as the junk bond market keeps improving (i.e., cost of borrowing, as expressed by the spread over government bonds). As this is happening, analysts (and investors) are coming out of woods recommending (and buying) the stock. Fundamentally, nothings has changed (except rumors of cash conservation measures inside the company)
I hope the above helps
tavros
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I have been looking through the news to figure out what caused the move today. For those of you who wonder as well, just look at the Wall Street Journal, and its reference to NXTL, in connection to the reopening of the junk bond market for telecommunications companies.
This will give you an idea of the market's relief (and the corresponding fear) of "unfinished" network due to lack of financing. I must say, if I am right, I am shocked...
Tavros |
