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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (85753)6/25/2002 10:41:45 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99280
 
But on the same site they post around 2.2 billion in cash and 5.2 billion in net receivables ........ which if true is like real cash. Still do not know what current assets are around 2.2 billion.

All in all WCOM has around 9.7 billion in liquid assets or cash, only 200 million less than current liabilities.

So if those numbers are correct they are not in such a dire situation after all.



To: Zeev Hed who wrote (85753)6/25/2002 11:40:01 PM
From: sjemmeri  Respond to of 99280
 
Is it just convenience that we discuss market cap of companies in terms of current market price of stock but debt in terms of face value when there is a current market price that may be significantly different? If WCOM debt is trading at 50 cents on the dollar (just a guess), don't they really have $15 billion in debt (i.e., they could buy it back from the market at that price)? Of course, they would need to come up with the funds to do such a transaction.