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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (146755)	5/1/2002 4:33:10 PM
From: tejek	Read Replies (1) \| Respond to of 1576312

While GLW has a lot of debt, it is well-structured, with the vast majority of it not due until 2015, and they have an empty line of credit good for $1B. I can easily see GLW in the 50s within a couple years time. I've already got too much of it, but I'm seriously considering buying some more (conservative though I may be, I do know how to roll the dice sometimes....). I think GLW is one of the better stock buys I've made in my lifetime. I agree with you but its the debt......7 billion dollars worth that hangs heavy over this stock. I had thought it was due sooner.......for some reason, I thought 2005,2006. Of course, that hasn't stopped me from loading up in my 401. Even with a due date of 2015, I am still worried about that debt. In its most profitable year of the past 4, GLW netted only $50 million. At that rate, it would take 14 years for GLW to pay off the principle, and they aren't expected to get back to profitability until 2003. I suppose they could do a refi in 2015 but the debt will still act as a drag on the stock. So why doesn't the debt bother you?