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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (14392)	4/29/2002 5:49:58 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78595

Yes, WCOM debt is a concern. For now, it seems that WCOM has enough cash to service their debt. Debt due might be a problem in '03 when the amounts are larger. If their debt problems don't have to be resolved now, then imo, that gives management and bankers more options and more time to save the company. And a potential that the stock could recover, if only at least temporarily - maybe to double or more from today's price. At this point the bond market is saying it's a very risky bet, and there's obviously quite a move for the exits by stockholders. Sometimes these people are right, and sometimes the consensus is wrong. Time will tell. I'm prepared to hold what I have until I see Chapt. 11. Adding more stock to my position now though... that, as I say, I am hesitant to do. Paul S.