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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (10098)	5/14/2002 11:48:17 PM
From: BWAC	Read Replies (1) \| Respond to of 11568

I listened to that earlier in the day. I'm still conceptually thinking about the 800 Million allocation/elimination or whatever. Other than that item, I see the same things as the analyst did? Once again it seems that Management has its head buried in the sand. They've sat back and allowed the company to become a target. They are getting the shareholders and the company pushed further into a bad corner with each passing day. I want to know who sucked up all those shares traded today and sold by the mutual funds? $1 is just ridiculous for the EBITDA and cash flow. Paying back a billion or two of the debt a bit early isn't going to change sentiment. Its not going to do a thing for the company owners. If the BOD had a spine: 1.) Sorry fellows, we aren't paying the MCIT dividend. It just got undeclared. Instead the funds will be used to take the stock off the hands of anyone who is willing to sell at $2. Get enough sellers (there sure isn't an absence of sellers right now at any price) and then next quarter you can increase the dividend to 90 cents for the remaining shareholders. And/or repeat the same process as long as there are sellers at $2. 2.) Maintain Capex budget, if at all possible, on priority growth future revenue areas. If they cut advances now, then they are cutting their own future. Spend wisely but don't stop dead to a maintenance level. 3.) Sell off some fringe assets. 4.) Use the $2.7 Billion free cash flow not allocated to debt service or debt repayment and take the WCOM stock off the hands of the $1 sellers. 5.) Stop being a target. $8 Billion EBITDA, $1 Billion earnings companies don't trade for $1.25 or $4 Billion Valuaitons. Especially when interest is covered 7x by operating cash flow.