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To: Dale Baker who wrote (31116)9/18/2002 4:07:36 AM
From: Carl WorthRead Replies (1) | Respond to of 118717
 
i don't see how free cash flow is even possible when even the article which espoused ALGX gave a "hope for" figure of 10M EBITDA in the fourth quarter, and the I will be much higher than that so EBTDA will continue to be negative...they don't seem to even stand a chance of remaining at the status quo, they would have to make money first or else their debt will continue to increase

problems like JPM had this quarter further decrease the chances that anyone like ALGX will get any more of a leash in terms of their debt, i think for these types of companies it is going to be "make it on what you have or fold up your tent"....ALGX will be selling their tent long before they pay anything on those bonds....IMHO

carl