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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (3252)	4/30/2002 12:31:58 AM
From: Joseph Francis Torti	Read Replies (2) \| Respond to of 3770

Hi While you all talking about the high debt and other garbage. I bet you all didn't notice that Tyco market cap is lower then the total Revenue. Find me one big Company that selling like that. Ebay market cap is like 350 billion with only about 350 million in revenue. This stock is cheap they are suckering all the stupid and weak people into selling the stock. I bought at 22.22 and might average down tomorrow if the bleeding stops. Plus Tyco book value is $16.68 another thing you won't find. Company trading at it book value I doubt this stock will go lower then that. But then again I call myself Joe the loser and still losing

To: blankmind who wrote (3252)	4/30/2002 8:05:19 AM
From: GVTucker	Read Replies (1) \| Respond to of 3770

blankmind, RE: But when you’re cash flow positive to the tune of $4+ bill year; easily meeting debt service; why is this too much debt? Even if cash flow was going to be $4 billion+ over the year (and I don't think that's going to happen), that wouldn't be enough to service debt. Over the next 18 months, Tyco has about $13 billion in debt coming due, about half their debt outstanding. Before the end of this year, a $1.5 billion bank loan and $1 billion of bonds mature. In February, $2.3 billion of converts can be put back to Tyco. Odds right now are that the holders will do just that. $3.9 billion more in bank debt matures in February, too. Four months later, $750mm more in bonds can be put back to Tyco. Then, in November 2003, yet another $3.6 billion in converts can be put back. It is possible, under certain circumstances, for Tyco to buy back some of the converts by issuing stock instead of paying cash, but that would dilute shareholders pretty bad depending on where the stock price is at the time. Tyco has big issues with debt, and selling CIT is imperative to Tyco being able to service that debt.