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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (29377)	6/25/2001 1:51:57 PM
From: Electric	Read Replies (1) \| Respond to of 37746

Softie, If they turn things around by early 2002 which I and many think they will, then the cost of borrowing will be less and their rating ought to be raised.. Also did you read the lower portion of my last post? They paid off some debt, which they feel if necessary they could fetch 500M if needed... The company is announcing today that it has decided to repay the $150 million loan under its senior credit facility. By doing so, the company will be able to operate without the restrictions imposed by the facility. With this repayment and the cost containment actions the company is taking, Exodus expects that it is fully funded through the period it reaches free cash flow positive, expected for the third quarter of 2002. By eliminating the credit facility, the company is able to use its assets with greater flexibility to obtain additional financing if it so chooses. Exodus believes that if available, such asset based financings could provide in excess of $500 million of additional funding for the company. Do you seriously think that XOXO will outperform EXDS in a upward trending market? I ask that as a question I would like to hear your answer to..