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

To: Rocket Scientist who wrote (8498)	10/16/2000 5:53:12 PM
From: Michaelth1	Read Replies (2) \| Respond to of 10852

Thanks for the table. Where would you suggest taking away from capex and diverting towards stock repurchase (or maybe even debt reduction)? Imo, the only logical place would be the $100 million targeted to Brazil. Still, the financial picture of Loral looks horrible, imo, largely due to [no surprise here] BLS betting--and losing--the farm on G. Loral has a lot more than equity tied up in G (outstanding VFing, sweat equity, guarantees, future business, etc.) and it appears that BLS put all of his eggs in the wrong basket. Loral will do "ok" in G's BK, but it certainly will not recoup all VFing, etc. Contrary to popular belief, I don't think that Loral has a lot of wiggle room on its balance sheet. Loads of existing debt and it may get $500 million more from G soon. It would be wise for Loral to cut waaaay back on expansion and realize that it needs to turn the corner on profitability. But BLS has too much pride to ever admit his expansion plans were too ambitious. I think that BLS has burned a lot of bridges on Wall St. with how he financed G* and raising money for Loral may not be as easy as once thought. Still waiting for C* partner / funds. I think that BLS' pride / politics / etc. is why Loral does not currently have a partner. Would you want to be his partner?