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Level 3 Communications, Inc. Message Board

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  • cash_back_7 cash_back_7 Feb 5, 1999 9:43 PM Flag

    Coke v/s Pepsi, & a ? for Dice..

     

    LVLT stock is currently running on the steam of
    great future
    expectations, Mr.Crowe name and latest
    publicity created by
    the press with his help. Company
    recently annnounced projected
    1999 revenues of $250-300
    Mln and 2000 revenues of $650-700 Mln.
    Also
    $2.3Bln in capital expences in 1999 and $2000 in 2000.
    So
    Crowe's message is: If company meets 1999 revenues
    expectations
    price/sales = 55-60. Company has great plans but no real
    assets.
    Well they promise to start agressively building new
    network but
    admit it won't be completed til sometimes
    in 2001. Meantime QWST
    trades at estimated 6-8
    times 1999 sales and almost completed
    coast to coast
    network. IIXC trades at some 2 times sales
    with
    estimated $900 Mln in 1999. Their network is completed
    coast to
    coast and they are expanding north and
    south - will be done soon.
    Why would serious
    investors invest in LVLT now I can't get it.
    All big
    boys lined up to buy IIXC while it is available at
    nice
    price and everybody is already loaded with
    QWST. However the same big boys quietly initiating
    short positions on LVLT. Look at the
    call prices -
    they are low.If you so bullish buy them. Based on

    valuations and assets this company has very little value
    now.
    It was just a momentum play nicely surrounded by
    positive
    publicity. Stock like this should be sold on
    the news and worst is yet to come. Momentum made
    ownership richer and will make you
    stuck. As to the
    merger of QWST and LVLT this is not even funny
    If
    slightly overvalued $20 Bln QWST buys no value $17 Bln
    LVLT
    it will create $10 - 15 Bln company. LVLT has money
    to
    go shopping now and they will do some
    shopping which sure will
    not help the stock price
    unless they get someone like IIXC now.
    I am afraid it
    is a bit too late. With all negativity
    expressed
    I do beleive in Mr. Crowe and his ability to
    execute in future.
    Well, competition is not sleeping
    too. There will be some 3,4,5
    supernetworks
    runnning on the full speed by the time he is done.
    I
    currently do not own LVLT stock but think of shorting it,
    waiting for earnings if price picks up.

    This topic is deleted.
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