for your comment. Money in the bank is not everything. Very little has been accomplished by now to justify $17 Bln market cap. Almost 1000 miles of US intercity network completed as a result of $500 Mln debt offering. It is $400K - $500K per mile isn't it? Sounds incredibly high or please correct me. Is $2.3 Bln = 5,500 miles or so, or: what share of $2.3 Bln will apply? Cost of construction sounds very high. Money will flow out and debt will grow fast on the shareholder shoulders. Seems like only people making money will be real owners of the company pumping money into accounts of subcontractors that they represent too. By the time of completion owners will be already paid generously and their business plan to get richer would be executed sucessfully. Since their intent is to flip the network and/or company do you have realistic idea of H O W M U C H in 2001? 15, 20 or 25 ? Do you know what is industry cost on fiber per mile? WCOM, FON, QWST, IIXC, WMB and some smaller developers are laying fiber in US. Seems like WMB and IIXC have lower cost, analysts often comment.
$250 & $650 Mln in revenues is nothing to write home about even with startup of only $10 Bln. Aparently owners will be just looking to flip. Bandwidth won't be as important in couple years as real revenue figures.
So what to do with this stock: still go long on dips, short it or wait?