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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (23932)	2/22/2001 10:00:07 AM
From: JoeinIowa	Respond to of 29382

MCLD was downgraded by ML and that seems to be helping them. These guys still like them. Morgan Stanly on MCLD by: tired_of_holding_on 02/22/01 09:40 am EST Msg: 7635 of 7635 Adjusting Model Based on Quarterly Guidance Call OUTPERFORM Price (February 21, 2001): $11.50 Price Target: $23 52-Week Range: $36-$11 • McLeodUSA hosted a call yesterday to provide 2001 quarterly guidance While overall 2001 guidance remained unchanged, we have adjusted our revenue and EBITDA ramp based on the company’s comments. • Revenues climb in 2H01, leveraging fixed investment in first half We look for quarterly revenues of $430 million, $490 million, $555 million and $625 million during 2001. • EBITDA projections reflect strong improvement in 2H01 We look for quarterly EBITDA of $22 million, $33 million, $55 million and $115 million during 2001. The company indicates that the second half improvement is expected from: 1) migration to the UNE-M platform; 2) lighting the leased Level 3 long-haul network; and 3) the plan to hire most new salespeople during the first half of the year. • We are maintaining our Outperform rating with a $23 price target. McLeodUSA Market Performance