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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (9551)	12/7/2000 8:06:39 PM
From: ftth	Read Replies (1) \| Respond to of 12823

Hi Ray, re"...they carry too much debt to allow the momo equity investors to have their way with the issues." [I'm generalizing here, but in general...]They carry WAY too much debt, and it's growing in a huge way (soon to be double digit billions for most), for even the SloMo investor to have much interest. Now if you can believe this (indebtedness growth) will end, and the infrastructure will (when finally completed) not need to be touched for about 15 years (Ha Ha), somewhere around year 12 they may actually turn cash positive. Even 5 consecutive years of 2x their current operating income won't cut their long term debt (at current levels) in half (and that's an exceedingly generous, and not realistic, payoff scenario especially considering they have many many years of infrastructure yet to build and finance). The people that are looking only at revenue growth for these dogs are not looking deep enough or broad enough (but maybe the days of revenue-growth tunnel-vision went out with the dot-bombs).