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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (8478)10/14/2000 10:55:46 AM
From: Rocket Scientist  Read Replies (1) | Respond to of 10852
 
<<I agree that a stock buyback at these levels is a no brainer. But is there enough cash lying around
for such a purchase?>>

Well, they have several hundred million of capex planned, mainly for new GEOs, between now and y/e 2001.....though it goes against BLS' instincts, I'm sure, the money would be much better spent buying the stock, at these prices.



To: KyrosL who wrote (8478)10/14/2000 5:11:31 PM
From: Labrador  Respond to of 10852
 
Why buy back now? GSTRF keeps buying back shares at lower and lower prices. Maybe one can do better with a buy of LOR at $3? A bargain's a bargain?