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06-26-2002, 12:49 PM
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#1 |
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Confirmed User
Join Date: Oct 2001
Posts: 6,693
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Worldcom
Worldcom is now trading at approximately 26 cents.
Anyone have a realistic idea of the future of Worldcom? I know they own MCI. I just found out they own UUNet. What are the chances of Worldcom going completely out of business? What are the chances of them recovering from this mess?
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<a href="http://www.adultcontent.co.uk">Adult Content UK - Great British Content</a> |
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06-26-2002, 12:51 PM
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#2 |
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Confirmed User
Join Date: Mar 2002
Location: Mass Ass
Posts: 5,294
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after the newest scandal
no chance to re-organize just the day traders will be pumping the stock a few pennies. when average people think they will recover, just like they did with enron
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06-26-2002, 12:53 PM
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#3 |
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Confirmed User
Join Date: Jan 2002
Location: Mountains of Western North Carolina.
Posts: 4,027
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Well I just bought a bunch of thier stock hoping.
It's wasn't that big of an investment but I'm betting they come out ahead after they clear this mess up. I hope it doesn't affect UUNet that will have a very grave impact on the rest of the net. btw... JFPDude will be back tonight. I'm posting on his behalf |
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06-26-2002, 12:54 PM
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#4 |
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Too lazy to set a custom title
Industry Role:
Join Date: Jan 2001
Location: God's right hand
Posts: 19,790
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as someone who cashed 7 figure checks each month from worldcom, I'll tell you that its my opinion the company is SO fucked up I'm sure they will shortly be in recievership.
If *WE* ran worldcom, .....well, you know........... 
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I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.
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06-26-2002, 12:56 PM
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#5 | |
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aka K-Man
Industry Role:
Join Date: Oct 2001
Location: The Gutter
Posts: 29,292
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Quote:
oh yeah, well, well i cashed 14 figure checks from MCI every DAY!! whatchu got now fooooo?? ??!? =P
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Crypto HODLr Crypto mining Angel investor |
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06-26-2002, 12:58 PM
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#6 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Jan 2001
Location: God's right hand
Posts: 19,790
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Quote:
I meant hour. 
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I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.
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06-26-2002, 12:59 PM
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#7 |
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Confirmed User
Join Date: Oct 2001
Posts: 6,693
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That's what I'm thinking of doing. Buying up some shares, but only if there's a reasonable chance of them recovering.
They're laying off people. Selling non-core businesses. A bunch of their loans will probably be called in, and they'll definitely have trouble getting new loans. Wondering if there is a way out of it. Even if it's 5 to 10 years down the road, I can wait. Especially if the potential return is enormous (which it is).
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<a href="http://www.adultcontent.co.uk">Adult Content UK - Great British Content</a> |
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06-26-2002, 01:17 PM
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#8 |
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Confirmed User
Join Date: Mar 2002
Location: Mass Ass
Posts: 5,294
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bush wants a probe into their affairs..
dont buy it it will be another enron buy Aol instead.. they will bounce back.. after some reforms are made. And after the last shareholders meeting.. something will happen very soon
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06-26-2002, 01:31 PM
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#9 | |
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Confirmed User
Join Date: May 2002
Posts: 1,159
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Quote:
Wcom is sooooo fucknozzled. They were weeks from chapter 11 due to the market conditionand debt load BEFORE this little $4B 'scandal.' That's billion with a B boys and girls.
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eventually, earth will lose. enjoy it while it lasts. 
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06-26-2002, 02:56 PM
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#10 |
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ol' timer
Industry Role:
Join Date: Jan 2001
Location: Seattle WA
Posts: 4,715
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anybody sell wcom short?
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06-26-2002, 02:58 PM
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#11 |
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Confirmed User
Join Date: May 2002
Location: CT
Posts: 5,246
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I dont think they will go completely out of business but dought that they will recover quickly as well
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06-26-2002, 03:14 PM
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#12 |
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Confirmed User
Join Date: May 2002
Location: London, UK
Posts: 1,264
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They are screwed. TO think I had that stock 1 year ago for like a month. Thank god I didn't screw the pooch on that one!
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06-26-2002, 03:32 PM
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#13 |
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aspiring banker
Join Date: Mar 2002
Location: toronto
Posts: 10,870
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maybe they'll stop with those dumb worldcom commercials on cnbc now...
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06-26-2002, 04:47 PM
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#14 |
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Confirmed User
Industry Role:
Join Date: May 2002
Location: Toronto
Posts: 8,475
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Shouldn't hurt UUNet too much, they'll at least selloff their assets to someone that can actually use them to make money with..
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06-26-2002, 04:54 PM
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#15 | |
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Confirmed User
Join Date: May 2002
Posts: 1,159
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Quote:
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06-26-2002, 05:13 PM
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#16 |
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Confirmed User
Industry Role:
Join Date: Apr 2001
Posts: 1,738
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Maybe Cogent will now be able to buy UUNet
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06-26-2002, 05:55 PM
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#17 | |
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Confirmed User
Join Date: May 2002
Posts: 1,159
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Quote:
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