There is a precedent for a tracking stock. But it amazes me that the market would be able to provide valuation of WorldCom's consumer and whole business.
More Quotes from Drake Johnstone:
This tracking stock phenomenon doesn't make sense. I wouldn't be surprised if they went down to 0.Drake Johnstone
If they demonstrate improving revenue growth, they could get 20 a share.
Drake Johnstone
They're up against the wall. If the bankers decide not to play ball, Qwest could be in bankruptcy later this year.
Drake Johnstone
Long-distance is a growth business for Qwest but not their focus.
Drake Johnstone
If that revenue stream goes away this would have a huge impact. Access actually generates positive cash flow. Excite would have a tough time sustaining operations going forward.
Drake Johnstone
If we fast forward two years, the biggest challenge for carriers in the industry is upgrading the technology in their networks.
Drake Johnstone
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