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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Steeliejim who wrote (12497)	2/19/2002 12:03:03 PM
From: The Ox	Read Replies (2) \| Respond to of 23153

What's getting a bit silly about this market is that it sometimes takes debt to build something new. It's almost always worked that way in the past and I bet that it will work that way in the future. Very few companies have enough money laying around to fund their futures. Therefore, companies go to the bank, the equity markets, etc, to fund their future. How is NXTL supposed to operate without debt at this stage in their development? It's always been part of the model for NXTL, and companies like NXTL, to have very high debt during the buildout of the grid. There's no way around it. If Wall Street has decided that all companies who try to build a business based on debt need to go under, well-if that's the case then our stock market has only begun to go down. We have a very long way to go before we wipe out all companies who are expanding based on debt. It will not be pretty. It seems to me this type of hysteria borders on the insane. Just one more way to fleece the masses, if you ask me.