US-Zocker aufgepasst: Rebound-Chance 80/20 !!!
PRIMUS TELECOMM GRP (Q) Börse: Nasdaq Symbol: PRTL
Nur soviel:
Von Verlustgeschäften getrennt - Erfolgreich auf Kernkompetenzen (z. B. Backbones in D) konzentriert - Grosse Entlassungswelle vorbei - Kurs ausgelutscht
Echter Reboundwert!
Intraday
Heute ab 15:30 auf Watchlist und den richtigen Intradayzeitpunkt abwarten.
Heute werden noch mehr auf den Zug aufspringen!!!
MfG
Strike!
Danke
mac
p.s.: ib ist der rundum sorglos broker, mach dich schlau:
ib overview
The Company will report financial results for the quarter ended March 31, 2002 after market close on May 2, 2002. Management will conduct a conference call to discuss first quarter results on May 2, 2002 at 5:00 PM Eastern time.
also, da geht noch was. bewertung immer noch ein witz!
The strategy
In late 2001, it looked as though Primus' cash would whittle away to zero by April 2002, forcing bankruptcy. But a radical strategy and a little luck has averted disaster for now - and the company might endure as one of the few remaining independent telcos.
The strategy involved using some $200 million of cash raised just before the April 2000 tech wreck to buy back distressed bonds at cents on the dollar.
"We were the beneficiary of lucky timing, and we had a lot of cash," says chief financial officer Neil Hazard.
"Then in July and August, bond prices for telcos such as Global Crossing and Viatel plummeted, and we were thrown in with them. Our bonds were selling for such distressed prices that we said, 'Let's use our cash to buy back the debt.' We bought back some bonds for 13.5 cents in the dollar - that's one year's worth of interest."
Along with debt-for-equity deals and a generous retirement of debt fromHewlett-Packard, Primus reduced its obligations from $1.3 billion to about $600 million. Not only has this cut debt servicing repayments by nearly half, but Primus now controls 51% of all its debt issues.
Primus is cagey on what this means, but it's clear that minority bondholders would have trouble forcing bankruptcy or enforcing covenants against Primus' will. A Primus spokesman says nothing of the matter but "It is a gray area."
"I wouldn't say we had a coordinated strategy [to control debt], more an opportunistic rifle-shot approach. Now we have the luxury of not needing to do something right away unlike some of our peers," says Hazard.
The company also gained some luck from a $9 million interconnect refund from Telstra late last year, as well as the move by major US and European long-distance carriers to begin raising rates.
NO smooth path
Nevertheless, some of Primus' problems were of its own making.
Like many others, the company was caught up in Internet fever and made an expensive foray into Internet data centersin such disparate locations as Brazil and Melbourne, Australia.
The company also splashed out during the tech boom and bought ISPs in Japan, India, Australia, Germany and Brazil. Anecdotal evidence suggests that the voice-centric management didn't mesh too well with some of the new data-centric personnel.
The company also started constructing a highly ambitious OC-48 ATM network, using fiber purchased from Qwest, Global Crossing and AT&T. Unlike many of the wide-eyed and na CLECs and data carriers, Primus executives led by CEO Paul Singh and several seasoned former MCI colleagues should have known better than to join the dot-com herd.
Primus also made things difficult by talking on one hand about exiting low-margin wholesale business and talking on the other about new wholesale voice over IP (VoIP) products without convincingly explaining a margins benefit.
"VoIP is a good alternative wholesale product for less developed countries where there are high termination prices," Hazard says. But he concedes that the company is still rolling out the service, not even using it for its own international offices.
Hazard says Primus management also realized that its cost of SG&A was way too high relative to its gross margins. Ten percent of staff were eliminated, and the company pulled back on cap ex to the extent where it spent a miserly $7 million on its network in 4Q 2001.
"We've seen the cost of transport drop as we've got out of a lot of older agreements. We've also reduced head count and focusing more on the products and services that people want now such as basic Internet access and E1s and T1s."
Is the future so bright?
The challenge is ahead. Primus hopes to nearly double its recurring EBITDA in the first quarter to $20 million. If it can achieve this and retire more debt, its earnings may cover interest and capex payments by year's end.
Not everyone is as confident as Hazard. In a recent debt rating report, Standard & Poor's believes Primus' 2002 EBITDA target of $75 million will be "difficult to achieve in the current economic environment."
"Primus faces the challenge of aggressively growing its business base in 2002 in the face of ongoing uncertain economic conditions and continuing to contain expense levels," says S&P analyst Catherine Consentino.
Consentino says S&P has removed Primus from its credit watch list, but also lowered its senior unsecured debt rating to CCC+ on the basis that any future financing will likely be secured and take precedence.
Hazard believes that the company can achieve its forecasts and cites lower debt payments as a reason."Our debt is 0.6x revenue. If you look at Global Crossing, their debt is 9x revenue," he says.
Unlike many of its contemporaries, Primus may survive the year and even enter profitability without having to bring in a dilutive investor or divest any significant assets. The company still believes it can obtain additional financing. But its strategy has bought it nine more months of life than seemed to be the case in the middle of last year.
Ich kann Englisch Kicky. Aber ich bin "persönlich" überzeugt von deren Plan. Habe hier nur aufmerksam machen wollen und habe bei Primus ein langfristiges Interesse. Wenn jemand kurzfristig davon profitiert, gerne. Aber deren Strategie wird funktionieren, es ist machbar! Und langsam kommen auch andere dahinter... Trotzdem bin ich für einen Kauf direkt in den USA, hier gehen keine Stücke! Gruss
Im ASK steht Sie bei Island auf 0,75 $ ;))
1,5 h vor Börseneröffnung ist das Interesse an Primus so groß wie lange nicht.
BID-Kurse gehen bis zu 52 Cent
ASK-Kurse von 58 Cent bis 6 Dollar (!)
Kommt heute noch ´ne Empfehlung eines Brokers? Scheint fast so...
NET REVENUE $ 1,082,475 $ 1,199,422 $ 832,739
Net loss/share $ (5.73 ) $ (4.40 ) $ (3.72 ) links die letzten Zahlen
If compensation cost for the Company's grants for stock-based compensation had been recorded consistently with the fair value-based method of accounting per SFAS No. 123, the Company's pro forma net loss and pro forma basic and diluted net loss per share for the years ending December 31, would be as follows:
2001 2000 1999
Net loss (amounts in thousands):
§As reported $ (306,176) $ (174,664$ (112,736)
§Pro forma $ (316,510)$ (187,346) $ (119,241)
Basic and diluted net loss per share:
§As reported $ (5.73) $ (4.40) $ (3.72 )
§Pro forma $ (5.92) $ (4.72) $ (3.93 )
As of December 31, 2001, the Company had $667.6 million of indebtedness, as compared to $1.3 billion in indebtedness as of December 31, 2000
The Company currently has substantial indebtedness and anticipates that it and its subsidiaries will incur additional indebtedness in the future.
At the Company's Annual Meeting of Stockholders held on June 14, 2000, the stockholders of the Company approved an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of the Company's common stock to 150,000,000 shares.
Teiweise haben sie ihre Schulden mit Aktien bezahlt,z.B.Inktomi und Cisco s. Insiderverkäufe
http://www.nasdaq.com/asp/...news.asp?symbol=PRTL%60&selected=PRTL%60
heute der Report für´s erste Quartal erschienen (Vergleich mit 1.Quartal 2001)
Revenue $242,667,000 $280,005,000
Inc bef item (11,497,000) (92,397,000)
Extrd item -a 40,264,000 106,095,000
Net income 28,767,000 13,698,000
Avg shrs 63,907,000 50,230,000
Shr earns
Inc bef item (.18) (1.84)
Extrd item -a .63 2.11
Net income .45 .27
muss ich ja wohl fairerweise berichten
After Hours
Time (ET) After Hours Price After Hours Share Volume
18.06 $ 0.85 800
18.05 $ 0.79 2000
18.04 $ 0.77 600
18.02 $ 0.77 1000
17.53 $ 0.75 4500
17.53 $ 0.75 100
17.51 $ 0.75 1000
17.45 $ 0.72 4400
17.36 $ 0.72 500
17.35 $ 0.72 500
17.34 $ 0.72 500
17.34 $ 0.72 500
17.25 $ 0.76 3700
17.19 $ 0.72 3200
17.19 $ 0.72 400
17.15 $ 0.71 800
17.13 $ 0.69 1500
17.07 $ 0.68 1500
17.07 $ 0.68 1500
17.07 $ 0.68 500
17.06 $ 0.68 2000
16.55 $ 0.68 500
16.45 $ 0.69 500
16.36 $ 0.66 1000
16.16 $ 0.66 1000
16.14 $ 0.66 3000
PRTL verharrt bei Island vorbörslich auf 85 Cent. Die Aktie war vor wenigen Tagen im Tief bei 39 Cent. Für den schnellen Zocker ein willkommener Lohn.
Aber anscheinend nehmen die Arivaner Aktientipps
nur von einigen wenigen Postern entgegen ;-)