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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (5690)5/3/1998 9:16:00 PM
From: James Fink  Read Replies (2) | Respond to of 12468
 
Bernard,

You're missing Jason's point. He is not saying that WinStar should distribute dividends. He is saying that shareholders in WinStar do not have rights to the cash flow that does exist and, therefore, do not have ownership in anything of value. As Jason states:

<<It doesn't necessarily have to be distributed, but it has to BE AVAILABLE FOR DISTRIBUTION.>>



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