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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO -- Ignore unavailable to you. Want to Upgrade?

To: Ashley800 who wrote (1093)	12/4/2001 2:35:03 AM
From: Ashley800	Read Replies (2) \| Respond to of 1418

The directory publishing was the gem they owned. On its own it was profitable. We actually pick up about 225 million a year as the Publishing directory's profit was about 75 million a year and now they are saving 300 million in intrest payments which is pretty good. 612 million shares outstanding, diluted by 70% would be like having 2 billion shares. What's a 2 billion in rev CLEC worth if it loses say .80 per share next year? Maybe 500 million market cap. that's 1.00 a share (in today's shares). My guess is .60-.90 until earnings next year. If they drastically reduced the expenses the way they claim, and somehow can present a picture of break even by 2004, maybe by spring/summer we make it back to the 1.25 range. That's my 2 cents.