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Gold/Mining/Energy : Mirant Corporation (MIR) -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (213)2/21/2002 1:27:36 PM
From: Softechie  Read Replies (1) | Respond to of 903
 
Here's the yahoo link:

biz.yahoo.com

Take a look at 3 numbers on cash flow:

Cash Flows From Operating Activities
Cash Flows From Investing Activities
Cash Flows From Financing Activities

Remember that they're not going back to capital market for 5 years. Cash is much more important now with pending assets sale and JV.

The cash burnrate is around $100M-150M per quarter from what Marce said. They have to stop most constructions and conserve cash. I think Moody's really put them in the bind with the downgrade which they have for pony up cash for collateral. Just don't know what to make of these companies anymore.



To: Oeconomicus who wrote (213)2/21/2002 1:40:37 PM
From: Softechie  Read Replies (1) | Respond to of 903
 
If capital market is that tight like what they're saying then many companies will be in deep troubles especially any companies that relied on debts for expansion last few years which including telecom and energy sectors.