PRINCETON, N.J., May 16, 2003 (PRIMEZONE)-- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced today that it has published recent updates on a group of newly restructured telecom network plays. Among the companies investigated are McLeodUSA (Nasdaq:MCLD) and WilTel Communications (Nasdaq:WTEL).
FindProfit actively covers several hundred stocks, and provides regular investment coverage on more than 45 stocks (mostly small to mid cap in size) that it holds across three model portfolios. Recently, FindProfit has been exploring the telecom network space for potential investment opportunities. Other companies that FindProfit has provided updates on include XO Communications (Nasdaq:XOCM) and Corvis (Nasdaq:CORV).
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FindProfit's current updates look at the following questions:
-- MCLD: Even after an extensive restructuring, does MCLD have a strong enough balance sheet and enough cash on hand to play in the telecom network space?
-- WTEL: What is Leucadia's strategy behind buying out WTEL, particularly given the recent weakness in WTEL's results? Is WTEL's SBC Communications relationship a strength or a weakness?
-- XOCM: Well funded and nearly debt clean, XOCM looks to be a strong player. But is it safe to buy into a company that's 80%-controlled by the legendary (and sometimes notorious) Carl Icahn?
-- CORV: What's CORV's strategy? Can CORV be both a telecom network play, and a telecom equipment supplier? When will CORV get its cash burn under control?
AND MORE
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