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

To: Paul Senior who wrote (14394)	4/29/2002 6:02:42 PM
From: Dale Baker	Read Replies (1) \| Respond to of 78596

The problem with debt-bomb telcos has not always been cash flow; once the concerns begin, banks and other creditors can put on the screws and start calling stuff in early. In some cases that may be part of a campaign to force Chapter 11 and a firm settlement with creditors instead of dragging out the drama for another year, when the remaining assets may be worth even less. For me, risk like that obliterates any other value concern. But who knows, some folks bought KM under a buck and doubled their money if they flipped their shares in time.