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To: Kelvin Taylor who wrote (39507)5/10/2002 12:25:41 PM
From: Larry S.  Read Replies (2) | Respond to of 53068
 
92% dividend? hmm, perhaps the market is pricing in a bit of risk. WCOM bonds trading at 40 cents on the dollar, or lower today, such pricing by the usually effective bond market indicates a high probability of bankruptcy. BWAC, i'm not disputing your cash flow projections, but debt has been the killer, and still will be. if one wants to play WCOM, buy the debt, if bk, then bondholders get the assets, if recovery, the bonds run back up closer to par. win win. larry



To: Kelvin Taylor who wrote (39507)5/10/2002 2:55:44 PM
From: rgood2002  Read Replies (1) | Respond to of 53068
 
i think a lot of risk is priced into the stock after reading this april 25 article concerning the dividend payout. if you believe the management, then you will recieve $0.60/share/quarter through 2002. hmmm, makes me want to go long since the current price is 2.48/share for MCIT.

biz.yahoo.com

i'll have to watch this one.