Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet -- Ignore unavailable to you. Want to Upgrade?

To: BostonView who wrote (617)	7/6/2000 4:12:12 PM
From: SecularBull	Read Replies (1) \| Respond to of 720

Morgan Stanley maintains OUTPERFORM RATING with a new price target of $75. Report looks favorable. On average, they expect RCNC to add an average of 1500 new digital subscribers per week in 2000, and 3000-3500 per week for 2001. They expect On-Net to breakeven in the second half of 2002, and for it to be EBTIDA positive in 2003. They estimate that the current fair market value of RCN's cable operations (net of debt) to be $58.05 per share ($7.5BB), and the total package to be worth $74.62 per share ($9.7BB). Total revenue for 2005 is estimated at $3.5BB, with EBTIDA of $819MM, operating cash flow at $161.7MM, and On-Net margins of 22.6%. LoF