Blast, please take a look at BWNG

**ffreedom** Thu Jan 13, 2005 6:56 pm

Blast, please take a look at BWNG
Hi, Blast,

I know technology stock is not of your interest. But this one is currently trading close to book value. It owns the infractures for Internet traffic.

"Broadwing has the world's best fiber-optic network at a time when
Internet traffic growth is increasing at an exponential rate.

Broadwing's data revenues rose 5% sequentially in the most recent
quarter while the data revenues of its rivals all fell between 5% and
10%, and it would appear that the superiority of the Broadwing
network is beginning to pay off in market share gains. This is also
reflected in the most recent financials showing growth in gross
margin to approximately 30%, up from the 20s last year and likely to
climb to the high 30s next year. Also, the recent acquisition of
Focal Communications and its local networks should save substantially
on network access costs going forward."

**blast_investor** Fri Jan 14, 2005 2:12 am

I am too conservative to consider this kind of risky stock.

It does not have earning. The cash burning rate is pretty high. It is tech stock, another negative point for safety consideration.

This is not a safe value stock.

**grus2003** Fri Jan 14, 2005 4:09 pm

Like what Blast said, this one is TOO risky and not attractive at all. In my opinion, money-losing high-tech companies are attractive only when

1) stock price is lower than working capital (more attractive if the stock price is less than cash value)
2) in a broadly depressed market
3) cash-burning rate is low (can make the company stay in business at least two years) and improving Q-by-Q.