Global Crossing Ltd. (GLBC)
A communications solutions provider, offering a suite of Internet Protocol and legacy telecommunications services in business centers in the world.
Recs
Rated one star.
Recs
Downthumb. Huge debt. Good cash flow. But growing liabilities and shrinking cash. Margins lower than peers. Prospects for this company are dim at best. Continuing dilution.
Recs
Skepticism over whether GLBC will be able to make its guidance for the year, large amount of debt, and strenghtening of dollar all against them in the short-term
Recs
Global Crossing expects 2009 revenue to be below analysts expectations. Stock goes up? Revenue is not really the biggest issue with Global Crossing....the biggest issue is that they haven't made a profit in YEARS. Book value per share NEG. $4.75. 690 Cities in 60 Countries and six continents, and can't make a penny profit? From bankrupcy, to debt, to.....??
Recs
Back when the tech bubble burst, Global Crossing, although it was an actual company, might as well have been a cash burner. They went straight to bankruptcy and then came back to life soon after, but it didn't take long to make it clear that nothing had truly changed. As one can determine by simply looking at the stock price movement in the past couple years, still nothing has changed. Revenues are growing and sales are rising, but they are so far in the hole that it is almost impossible for them to stop the bleeding fast enough to prevent running out of money. With more than a billion in debt (their debt has doubled since the end of 2005), the minor improvements that they are making are not nearly enough.
At the very least, it seems that their debt has stopped growing for the meantime, but you can't pay off a billion in debt when you're losing money to begin with.
Recs
Contrarian pick here.
Recs
These guys are like the pheonix from bizzaro world. They crash and burn and from the ashes there is a rebirth so that they can crash and burn again.
Recs
I hate this comapany-anyone want to buy 1000 shares of
pre 2002 stock?
Recs
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
Recs
Will increase EBITDA dramatically from here.
Recs
GLBC has suffered from cash flow problems and has had to borrow more money to remain afloat. It has a limited future unless it can merge with a larger entity.
Recs
Poor management still in place since comming out of bankruptcy. They have diluted shares and borrowed big time. There days are numbered.

RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 12 of 12