Use access key #2 to skip to page content.
$12.43 -0.01 (-0.08%)
10/7/2008 10:35 AM

Global Crossing Ltd. (GLBC)

CAPS Rating:
*

A communications solutions provider, offering a suite of Internet Protocol and legacy telecommunications services in business centers in the world.

View All Commentary (GLBC)

Recs

2

Avatar NeroSagetrade (40.73) Submitted: 12/22/07 10:12 PM : Underperform Start Price: $22.81 GLBC Score: 17.69

I cant believe Global Crossing is still in business. I mean sure, they did go bankrupt once and they are heading right back there again based on what Im seeing. GLBC could write a book on how to lose money fast while minimizing the use of your assets. Their debtload has doubled over the last three years while they have seen their cash pile decrease by over 625 million in that timespan. Revenues have shrunk the last two years and EPS losses have been HUGE...$3-10 per share a year. There is no catalyst that'd be willing to take on 1.4B in debt and they manage their business SO so poorly. I consider this a matter of time before the death spiral takes effect...again!





Nero


Sagetrade

Report this Post Replies: 0 | Reply

Featured Broker Partners