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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (232164)	3/29/2003 6:52:59 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

Mark, the only cos. that can finance at lower rates are those rated AA or better. Which is currently about 45 cos. in this country. There are only 9 AAA in America, and one is Bristol Myers, which should be thinking downgrade any day now. For the others, rates are still soaring. I own one firm that is making money and has a bright future. It is small cap and it does have a lot of debt. They had to refinance a 5% convertible bond at a 14% straight bond rate. That cleans up nothing. And nearly all the utilities and airlines are in much the same situation.