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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (15286)	8/21/2002 8:23:34 AM
From: Dale Baker	Respond to of 78497

Much of TWTC's appeal is their manageable debt load and healthy balance sheet (not to mention $750m in undrawn credit lines if they need them). ALGX is an example of a debt bomb likely to implode by next year. The IPP's have too many debt bombs going off right and left. Some will come out fine and others will wither and die. I would rather focus on companies that have made it through the gauntlet intact. I also have OCPI and RSTN in the "beaten down and crapped out" category based mostly on their cash on hand. COGI is another sad puppy, a profitable business that grew too quickly and needs to sort out its dilution situation. But I see very little downside for COGI from the 1.68 level.