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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?


To: Ilya A. Vasserman who wrote (5420)12/28/2000 12:55:54 PM
From: Souze  Read Replies (1) | Respond to of 5650
 
PSINet is carrying a lot of long term debt, over $3.4 billion at the end of the last quarter ended Sept. 30. If you discount the value of goodwill and other intangibles to zero, their debt exceeded their assets. If their cash flow this quarter continues to be negative, the numbers for this quarter will be worse. See their SEC 10-Q for their last quarter to check out the numbers:
sec.gov

Nonetheless, I am long PSIX and expect them to be bought.