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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: Regis McConnell who wrote (11466)12/13/1998 1:36:00 PM
From: STU  Read Replies (3) | Respond to of 42804
 
If bonds were repurchased at 5.3MM, this would mean company is showing a 4.7MM gain in the quarter.

They would do such a move vs. repurchasing stock only if there is a significant loss to offset such a gain.

Since the street is expecting a loss of about 2MM this quarter, the company seems to be offsetting a much larger loss with their 4.7MM gain on the debt repurchase.

Any comments from any intelligent posters?