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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: trainleaving who wrote (13212)8/5/2001 10:04:06 PM
From: Captain Jack  Respond to of 15615
 
Yes-- downgrades have the certain effect of making borrowing more difficult and more expensive. Ask those at LU now that their debt has been given junk status. But-- I love certain junk bonds,, would not run out and buy any from gx though. Nothing like that 10% or so with the gain on an upgrade. As I posted earlier-- I'm not an investor in gx-- only a gambler as I lack the faith an investor would have in those in control of this company...