My Private Msgs
Winstar Comm. (WCII)
-- Ignore unavailable to you. Want to
who wrote (
9/27/2000 8:23:22 PM
Read Replies (1)
I would say that if Winstar meets analysts projections
through the first half of 2001 and becomes EBITDA
positive by then, it will easily find more financing,
particularly if by that time TGNT bites the dust
(remember the goal for lenders is to make sure that the
competition will remain under control).
Re. next Q, I refuse to speculate, since on a short
term basis the market reacts more to psychology than
fundamentals. The previous cycles in May 97 and Oct 98 show
that market psychology can change fast for the CLEC
sector. As a general suggestion if you are planning
to buy more, wait for a very high-volume bottom with
a sharp rebound, and buy on the way up. You will miss
the bottom, but attempting to guess the bottom
is extremely dangerous. The previous ``line in the sand''
bottom for WCII is the $7 of May 97 and Oct. 98. I
tend to think however that the $7 of Oct 98 was artificial
since it involved LTC trying to get out of a position.
Winstar would have bottomed in the $10-$12 (split
adjusted) range if it was not for the LTC distortion.
We are almost there.
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