***OT***
Hi Gary:
Actually, I would like to hear the views of regular
posters on this thread regarding which CLECs
besides WCII look attractive to them. I think we all
have a good handle on TGNT and ARTT, but I have a much
harder time separating the wheat from the chaff when
studying other CLECS such as ICIX, ICGX, RCNC, NXLK,
MCLD, ESPI, HYPT, ELIX, GSTX. In particular, I note that
GSTX has been very active in the area where I live. They
won a contract for the Travis Air force Base, and
won an Internet2 contract for NTON, an advanced
fiber optic network linking Lawrence Livermore Nat Lab and
several academic institutions on the West Coast. Yet,
its stock seems to be treated like it suffers from
radioactive contamination. It has a convert too,
and Morgan Stanley seems to be playing the same games
with it as it did with WCII.
I am wondering if anybody here (Mark Lewin, Hal Barnett...)
has strong views regarding which CLECs look interesting
and why? CLECs appear to be valued like their bonds. So,
if Alan Greenspan achieves another soft landing
(the first was in 94), junk bond spreads will narrow
a lot, and CLEC stocks will recover. We need only to
find the CLECS which are well financed, well managed,
and are closer to turning EBITDA positive. I think most
of us can figure out the financing stuff, but the
management part is harder to assess.
Best regards,
Bernard Levy |
