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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (5263)	12/13/2001 10:36:58 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

WOW look at the yield on it's 2006 notes... 36.7% In addition to its bank debt, NTL has about $10 billion of bonds outstanding. They too have slumped and yesterday the 2006 9.5pc issue was yielding 36.7pc. The bonds are mostly held by specialist investors in high-yield debt. that is one sick puppy. I think ENE has more like 40 billion in total debt, but even so, they are quoting 20 billion for NTL If NTL collapsed with $20 billion of debt, it would be the world's biggest bankruptcy, beating the previous record set by energy group Enron earlier this month, which collapsed with $10 billion of debt. NLI is the NYSE symbol for it finance.yahoo.com here's the profile biz.yahoo.com I'd say it's heading to bankruptcy. with those that debt trading at a 37% yield. John