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IDEARC INC Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 May 6, 2008 3:06 PM Flag

    Over 9 Billion in debt eom

    Most of their $9 billion in debt does not become due until 2010, and the reason they have so much debt is because that is how much VZ strapped them with after the spinoff. The are paying on the debt now, and stopped the dividend to show profits; but sooner of later they will either have to refinance and restructure their debt (which in this market is just about impossible) or default. $9 billion is a large number; and you should really read their prospectus before you invest.

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