Quote:
Last year, the company co-issued, through its subsidiary Interactive Network, a total of $551 million of debt due in 2013 and 2014 -- all to cover previous debts, according to the the filing.
"(The IPO) is such a small deal, I'd have concerns about how much debt they can actually alleviate," Buhr said.
|
The entire IPO proceeds don't even pay for all their debt.
Their Revenue has been flat for the last year, their loss over $30m/yr.
This stock could be a buy one day, after it collapses to 5cents on the dollar and somebody new comes in to turn the business around
Link:
http://eresearch.fidelity.com/eresea...duct=COMBINED&