Results 16 to 30 of 31
- 09-21-2003, 10:47 PM #16David SGuest
Re: Industry Blasts Verizon PTT
On Fri, 19 Sep 2003 14:52:52 -0000, [email protected] (P Howard) chose to
add this to the great equation of life, the universe, and everything:
>Nextel's issuing debt bonds is not necessarily good news. They are
>using the equity market to raise funds that their quarter over quarter
>cash flow could not produce. They will have to pay millions in
>administation fees to the underwriter and millions more over time in
>interest payments. I believe I read that the bonds mature in 2011...
>that's a long time for the interest to compound, especially on a 7.00+%
>senior note.
Um, the post you were responding to said Nextel *retired* bonds, not issued
new ones.
David Streeter, "an internet god" -- Dave Barry
--
http://home.att.net/~dwstreeter
Expect a train on ANY track at ANY time.
"I had my bad days on the field, but I didn't take them home with me. I
left them in a bar along the way." - Bob Lemon, at his induction into the
Baseball Hall of Fame
› See More: Industry Blasts Verizon PTT
- 09-21-2003, 10:47 PM #17David SGuest
Re: Industry Blasts Verizon PTT
On Fri, 19 Sep 2003 14:52:52 -0000, [email protected] (P Howard) chose to
add this to the great equation of life, the universe, and everything:
>Nextel's issuing debt bonds is not necessarily good news. They are
>using the equity market to raise funds that their quarter over quarter
>cash flow could not produce. They will have to pay millions in
>administation fees to the underwriter and millions more over time in
>interest payments. I believe I read that the bonds mature in 2011...
>that's a long time for the interest to compound, especially on a 7.00+%
>senior note.
Um, the post you were responding to said Nextel *retired* bonds, not issued
new ones.
David Streeter, "an internet god" -- Dave Barry
--
http://home.att.net/~dwstreeter
Expect a train on ANY track at ANY time.
"I had my bad days on the field, but I didn't take them home with me. I
left them in a bar along the way." - Bob Lemon, at his induction into the
Baseball Hall of Fame
- 09-22-2003, 07:13 AM #18P HowardGuest
Re: Industry Blasts Verizon PTT
You're correct... the initial post said they "retired" them, but they
did not, that is the opposite of the truth... they issued new ones.
http://www.wirelessweek.com/index.as...ance&industry=
I'm quite sure the original poster does not know the difference.
--
Verizon customer/ formerly Cingular user/ formerly Sprint PCS user
David S <[email protected]> wrote in article
<[email protected]>:
> On Fri, 19 Sep 2003 14:52:52 -0000, [email protected] (P Howard) chose to
> add this to the great equation of life, the universe, and everything:
>
> >Nextel's issuing debt bonds is not necessarily good news. They are
> >using the equity market to raise funds that their quarter over quarter
> >cash flow could not produce. They will have to pay millions in
> >administation fees to the underwriter and millions more over time in
> >interest payments. I believe I read that the bonds mature in 2011...
> >that's a long time for the interest to compound, especially on a 7.00+%
> >senior note.
>
> Um, the post you were responding to said Nextel *retired* bonds, not issued
> new ones.
>
> David Streeter, "an internet god" -- Dave Barry
> --
> http://home.att.net/~dwstreeter
> Expect a train on ANY track at ANY time.
> "I had my bad days on the field, but I didn't take them home with me. I
> left them in a bar along the way." - Bob Lemon, at his induction into the
> Baseball Hall of Fame
>
[posted via phonescoop.com]
- 09-22-2003, 07:13 AM #19P HowardGuest
Re: Industry Blasts Verizon PTT
You're correct... the initial post said they "retired" them, but they
did not, that is the opposite of the truth... they issued new ones.
http://www.wirelessweek.com/index.as...ance&industry=
I'm quite sure the original poster does not know the difference.
--
Verizon customer/ formerly Cingular user/ formerly Sprint PCS user
David S <[email protected]> wrote in article
<[email protected]>:
> On Fri, 19 Sep 2003 14:52:52 -0000, [email protected] (P Howard) chose to
> add this to the great equation of life, the universe, and everything:
>
> >Nextel's issuing debt bonds is not necessarily good news. They are
> >using the equity market to raise funds that their quarter over quarter
> >cash flow could not produce. They will have to pay millions in
> >administation fees to the underwriter and millions more over time in
> >interest payments. I believe I read that the bonds mature in 2011...
> >that's a long time for the interest to compound, especially on a 7.00+%
> >senior note.
>
> Um, the post you were responding to said Nextel *retired* bonds, not issued
> new ones.
>
> David Streeter, "an internet god" -- Dave Barry
> --
> http://home.att.net/~dwstreeter
> Expect a train on ANY track at ANY time.
> "I had my bad days on the field, but I didn't take them home with me. I
> left them in a bar along the way." - Bob Lemon, at his induction into the
> Baseball Hall of Fame
>
[posted via phonescoop.com]
- 09-22-2003, 11:41 AM #20About DakotaGuest
Re: Industry Blasts Verizon PTT
After reading that, I also believe that Nextel retired those bonds, or
at least sold them. It would make sense to sell those before issuing
bonds of thier own.
AD
P Howard wrote:
> You're correct... the initial post said they "retired" them, but they
> did not, that is the opposite of the truth... they issued new ones.
>
> http://www.wirelessweek.com/index.as...ance&industry=
>
> I'm quite sure the original poster does not know the difference.
>
- 09-22-2003, 11:41 AM #21About DakotaGuest
Re: Industry Blasts Verizon PTT
After reading that, I also believe that Nextel retired those bonds, or
at least sold them. It would make sense to sell those before issuing
bonds of thier own.
AD
P Howard wrote:
> You're correct... the initial post said they "retired" them, but they
> did not, that is the opposite of the truth... they issued new ones.
>
> http://www.wirelessweek.com/index.as...ance&industry=
>
> I'm quite sure the original poster does not know the difference.
>
- 09-22-2003, 01:09 PM #22P HowardGuest
Re: Industry Blasts Verizon PTT
Not quite sure what may lead you to that conclusion. Typically, if
that's the case, a debt restructuring, debt refinancing or debt
reduction item would be mentioned. A company has many options to raise
funding on the secondary market. Different class bonds may all be
issued and open at the same time. Similar to common vs preferred stock.
You are correct that it may make sense to pay old debt before taking on
new debt, but this is often not the case. They may be banking on the
current strength of their stock to justify further leveraging themselves
to investors. Could be a good move or a bad move... only time will
tell.
--
Verizon customer/ formerly Cingular user/ formerly Sprint PCS user
About Dakota <[email protected]> wrote in article
<[email protected]>:
> After reading that, I also believe that Nextel retired those bonds, or
> at least sold them. It would make sense to sell those before issuing
> bonds of thier own.
>
> AD
>
> P Howard wrote:
> > You're correct... the initial post said they "retired" them, but they
> > did not, that is the opposite of the truth... they issued new ones.
> >
> > http://www.wirelessweek.com/index.as...ance&industry=
> >
> > I'm quite sure the original poster does not know the difference.
> >
>
[posted via phonescoop.com]
- 09-22-2003, 01:09 PM #23P HowardGuest
Re: Industry Blasts Verizon PTT
Not quite sure what may lead you to that conclusion. Typically, if
that's the case, a debt restructuring, debt refinancing or debt
reduction item would be mentioned. A company has many options to raise
funding on the secondary market. Different class bonds may all be
issued and open at the same time. Similar to common vs preferred stock.
You are correct that it may make sense to pay old debt before taking on
new debt, but this is often not the case. They may be banking on the
current strength of their stock to justify further leveraging themselves
to investors. Could be a good move or a bad move... only time will
tell.
--
Verizon customer/ formerly Cingular user/ formerly Sprint PCS user
About Dakota <[email protected]> wrote in article
<[email protected]>:
> After reading that, I also believe that Nextel retired those bonds, or
> at least sold them. It would make sense to sell those before issuing
> bonds of thier own.
>
> AD
>
> P Howard wrote:
> > You're correct... the initial post said they "retired" them, but they
> > did not, that is the opposite of the truth... they issued new ones.
> >
> > http://www.wirelessweek.com/index.as...ance&industry=
> >
> > I'm quite sure the original poster does not know the difference.
> >
>
[posted via phonescoop.com]
- 09-22-2003, 05:18 PM #24Scott StephensonGuest
Re: Industry Blasts Verizon PTT
P Howard wrote:
> Not quite sure what may lead you to that conclusion. Typically, if
> that's the case, a debt restructuring, debt refinancing or debt
> reduction item would be mentioned. A company has many options to raise
> funding on the secondary market. Different class bonds may all be
> issued and open at the same time. Similar to common vs preferred stock.
> You are correct that it may make sense to pay old debt before taking on
> new debt, but this is often not the case. They may be banking on the
> current strength of their stock to justify further leveraging themselves
> to investors. Could be a good move or a bad move... only time will
> tell.
>
Read the newswire- they retired 12.5% bonds with the 7% bonds they
bought- saved millions in interest.
- 09-22-2003, 05:18 PM #25Scott StephensonGuest
Re: Industry Blasts Verizon PTT
P Howard wrote:
> Not quite sure what may lead you to that conclusion. Typically, if
> that's the case, a debt restructuring, debt refinancing or debt
> reduction item would be mentioned. A company has many options to raise
> funding on the secondary market. Different class bonds may all be
> issued and open at the same time. Similar to common vs preferred stock.
> You are correct that it may make sense to pay old debt before taking on
> new debt, but this is often not the case. They may be banking on the
> current strength of their stock to justify further leveraging themselves
> to investors. Could be a good move or a bad move... only time will
> tell.
>
Read the newswire- they retired 12.5% bonds with the 7% bonds they
bought- saved millions in interest.
- 09-23-2003, 01:23 PM #26Evan PlattGuest
Re: Industry Blasts Verizon PTT
On Thu, 18 Sep 2003 20:14:55 -0500, surtin
<[email protected]> wrote:
>One thing I do hope that comes out of this is that Nextel becomes more competitive with their
>pricing, that'll definitely push them ahead of the pack to really compete with
>VZW.
I hope it's the other way around. Verizon needs to lower their prices
so Nextel follows suit!
Evan
To e-mail me, remove theobvious from my e-mail address.
- 09-23-2003, 01:23 PM #27Evan PlattGuest
Re: Industry Blasts Verizon PTT
On Thu, 18 Sep 2003 20:14:55 -0500, surtin
<[email protected]> wrote:
>One thing I do hope that comes out of this is that Nextel becomes more competitive with their
>pricing, that'll definitely push them ahead of the pack to really compete with
>VZW.
I hope it's the other way around. Verizon needs to lower their prices
so Nextel follows suit!
Evan
To e-mail me, remove theobvious from my e-mail address.
- 09-29-2003, 10:17 AM #28P HowardGuest
Re: Industry Blasts Verizon PTT
I didn't find that anywhere in the article I read.
--
Verizon customer/ formerly Cingular user/ formerly Sprint PCS user
Scott Stephenson <[email protected]> wrote in article
<[email protected]>:
> P Howard wrote:
> > Not quite sure what may lead you to that conclusion. Typically, if
> > that's the case, a debt restructuring, debt refinancing or debt
> > reduction item would be mentioned. A company has many options to raise
> > funding on the secondary market. Different class bonds may all be
> > issued and open at the same time. Similar to common vs preferred stock.
> > You are correct that it may make sense to pay old debt before taking on
> > new debt, but this is often not the case. They may be banking on the
> > current strength of their stock to justify further leveraging themselves
> > to investors. Could be a good move or a bad move... only time will
> > tell.
> >
> Read the newswire- they retired 12.5% bonds with the 7% bonds they
> bought- saved millions in interest.
>
[posted via phonescoop.com]
- 09-29-2003, 10:17 AM #29P HowardGuest
Re: Industry Blasts Verizon PTT
I didn't find that anywhere in the article I read.
--
Verizon customer/ formerly Cingular user/ formerly Sprint PCS user
Scott Stephenson <[email protected]> wrote in article
<[email protected]>:
> P Howard wrote:
> > Not quite sure what may lead you to that conclusion. Typically, if
> > that's the case, a debt restructuring, debt refinancing or debt
> > reduction item would be mentioned. A company has many options to raise
> > funding on the secondary market. Different class bonds may all be
> > issued and open at the same time. Similar to common vs preferred stock.
> > You are correct that it may make sense to pay old debt before taking on
> > new debt, but this is often not the case. They may be banking on the
> > current strength of their stock to justify further leveraging themselves
> > to investors. Could be a good move or a bad move... only time will
> > tell.
> >
> Read the newswire- they retired 12.5% bonds with the 7% bonds they
> bought- saved millions in interest.
>
[posted via phonescoop.com]
- 09-29-2003, 05:59 PM #30Scott StephensonGuest
Re: Industry Blasts Verizon PTT
P Howard wrote:
> I didn't find that anywhere in the article I read.
>
http://cbs.marketwatch.com/tools/quo...BF68366797A%7D
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