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Technology Stocks : Covad Communications - COVD -- Ignore unavailable to you. Want to Upgrade?


To: fishing4thebigone who wrote (10122)4/5/2006 5:54:51 PM
From: royal heinz  Respond to of 10485
 
creative financing -- they bought 10 mil worth of stock BUT dvw borrowed 40 mil at 12% -- not a bad deal for elnk -- bottom line dvw gets 50 mil.

the street seems to like it, this just goes to show I have no clue when it comes to creative financing. I'm holding out for 11 - may be a while - I keep it (in bold red) as a reminder of how not to invest or take a large loss right next to my fibercore that went bankrupt!