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Message: VZ is broke...

Aug 18, 2008 07:13AM

Gil
Aug 19, 2008 05:31PM
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Gil
Aug 20, 2008 05:29AM
1
Aug 20, 2008 06:47AM

Gil
Aug 20, 2008 10:00AM

I am in the debt business. I turn around companies.

Fact. Ortega has no budget.

Fact. Sanz has no budget and has to beg Rusoro for the latest payouts.

Fact. Vz' total debt is close to $70 billion.

Fact. Vz' reserves are $25 billion.

Fact. The Vz population is shrinking.

Fact. The miners are rebelling because Vz cannot pay or do you think that Sanz is playing this game of chicken with the miners becasue he is loaded with cash?

These are all facts not economic statistics that come from anywhere.

Owing $70 billion with reserves of $25 billion means you are broke. This btw is the typical mentality of the American consumer. They owe three times what they have in reserves and assume everything is fine. Is it? I don't think so.








Aug 21, 2008 12:11PM

Gil
Aug 21, 2008 12:51PM
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