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  • cohsgrad cohsgrad Oct 9, 2011 10:18 PM Flag

    Remember when S paid off the revolver with $1b?

    They did not provide any information aside from the cost of the network vision. $10 billion and that they would be rolling it out quickly.

    Why not show what you expect your cash balances to be? Lets see, $4 billion in cash, $2 billion in debt coming due. Have been generating around $1 billion in cash a quarter (extremely rough number). Doesn't add up in my opinion. That revolver is not even close to covering their needs.

    It is incredible how far that revolver comes from satisfying their needs. I have no idea how much equity they will need but it is a lot and I don't think they have much of an idea how much they will need either.

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