Time Warner Telecom (twtc)

[adolar]

E' il ramo telefonia di Time warner
Time Warner Telecom Inc. is a leading fiber facilities-based integrated communications provider offering local business "last mile" broadband connections for data, high-speed Internet access, local voice and long distance services. The company customers are principally telecommunications-intensive business end- users, long distance carriers, Internet service providers wireless communications companies and governmental entities

Overview of the company
TWTC offers dedicated transport, data and local switched services to medium and large business customers in 22 U.S. metropolitan areas, and high-speed Internet access in several of these areas. For the FY ended 12/31/03, revenues fell 4% to $669.6M. Net loss before accounting change fell 76% to $86.4M. Results reflect lower sales in Dedicated Transport Services and Intercarrier compensation, offset by lower S/G/A expenses.
Get TWTC's latest analyst

Perdite di 86,4M contro entrate per 669.6 M

Earnings (MRQ) -0.19 N/A
Earnings (TTM) -0.75 N/A
Earnings growth rate - 5 year N/A N/A


Other per share data. Other per share data $Value
Revenue (TTM) 5.82
Book value (MRQ) 4.33
Cash (MRQ) 4.16


Dividend information Dividend information Value
Dividend per share (MRQ) 0.00
Indicated annual dividend 0.00
Dividend yield N/A
Record date N/A
Payable date N/A
Ex-date N/A
Dividend change - year over year 0.00%
Dividend growth rate - 5 year N/A


Short interest. Short interest Current 1 month change
Shares short 2.18 -15.76%
Short interest ratio 4.05 13.62%
Percentage of float 5.12 -15.75%


Institutional ownership. Institutional ownership Current Change from previous quarter
Shares owned 42.46 M or 36.87% 21.44%
Net shares purchased (MRQ) 7.10 M 761.04%

 

[adolar]

ecco dove si trova il titolo adesso
Last close $7.78
52 week high $12.71
52 week low $2.70
Year to date price change (YTD) 23.20%
Change relative to S&P 500 (YTD) 25.47%
Beta 4.18
Beta molto alto quindi dovrebbe dovrebbe muoversi parecchio in teoria in su o in giù

Market cap $896 M
Total shares outstanding 115.15 M
Float 42.60 M

 

[adolar]

venditei degli insider nell'ultimo mese
February 2004 Claflin Bruce L Sell 12,885 8.1 to 8.1 $104,369
2 February 2004 Claflin Bruce L Exercise 12,219 0.78 to 9.26 $39,429
2 February 2004 Blount John T Sell 2,500 8.1 to 8.1 $20,250
2 February 2004 Blount John T Exercise 2,500 1.99 to 1.99 $4,975
2 February 2004 Jones Paul B Sell 2,500 8.1 to 8.1 $20,250
2 February 2004 Jones Paul B Exercise 2,500 1.99 to 1.99 $4,975
2 February 2004 Hemmer Catherine A Sell 1,750 8.1 to 8.1 $14,175
2 February 2004 Hemmer Catherine A Exercise 1,750 1.99 to 1.99 $3,483
26 January 2004 Jones Paul B Sell 2,500 11.25 to 11.39 $28,389
26 January 2004 Jones Paul B Exercise 2,500 1.99 to 1.99 $4,975
26 January 2004 Hemmer Catherine A Sell 2,250 11.39 to 11.39 $25,628
26 January 2004 Hemmer Catherine A Exercise 2,250 1.99 to 1.99 $4,478
26 January 2004 Blount John T Sell 2,500 11.21 to 11.48 $28,334
26 January 2004 Blount John T Exercise 2,500 1.99 to 1.99 $4,975
20 January 2004 Rouleau Michael A Award 6,000 12.68 to 12.68 $76,080
20 January 2004 Rich Julie Award 6,000 12.68 to 12.68 $76,080
20 January 2004 Rayner David J Award 10,000 12.68 to 12.68 $126,800
20 January 2004 Jones Paul B Award 6,000 12.68 to 12.68 $76,080
20 January 2004 Hernandez Mark D Award 6,000 12.68 to 12.68 $76,080
20 January 2004 Herda Larissa L Award 35,000 12.68 to 12.68 $443,800
20 January 2004 Hemmer Catherine A Award 10,000 12.68 to 12.68 $126,800
20 January 2004 Gaskins Robert Award 6,000 12.68 to 12.68 $76,080
20 January 2004 Blount John T Award 10,000 12.68 to 12.68 $126,800
20 January 2004 Rich Julie Sell 18,000 12 to 12.26 $216,244
20 January 2004 Rich Julie Exercise 18,000 1.99 to 1.99 $35,820

 

[adolar]

tra i top holder due significative vendita sempre all'inizio dell'anno, mentre per il resto la situazione è relativamente immutata rispetto all'anno scorso


BLOUNT JOHN T sold 66,000 26 Jan 2004 370,000
HEMMER CATHERINE sold 17,500 26 Jan 2004 357,500

 

[adolar]

il tp a lungo termine è 14$ in media
Target price consensus
(averaged from 2 brokers) Mean Price Range Median Standard Deviation Variance
Prediction: 3 Feb 2004
looking 6-12 months out 11.50 9.00 - 14.00 11.50 3.54 30.74

 

[adolar]

recentemente ha emesso delle obbligazioni. Rating non particolarmente esaltante
New Issue-Time Warner Telecom unit sells $440 mln notes
2/10/2004 2:39:02 PM










WHITE PLAINS, N.Y., Feb 10 (Reuters) - Time Warner Telecom
Holdings Inc., a wholly owned subsidiary of Time Warner Telecom
Inc.
(TWTC)
, a provider of communications services to
businesses, sold $440 million of notes in two parts in the 144a
private placement market, said market sources on Tuesday.
Lehman Brothers Inc. and Morgan Stanley were the joint
book-running managers for the sale, the sources said.
BORROWER: TIME WARNER TELECOM HOLDINGS INC.
FIRST TRANCHE:
AMT $240 MLN COUPON 400 BPS/
3-MO LIBOR MATURITY 2/15/2011
TYPE FLTG RT NOTES ISS PRICE 100 FIRST PAY DATE 5/15/2004
LAST MOODY'S B1 YIELD N/A PAY FREQ QUARTERLY
LAST S&P SINGLE-B SPREAD N/A NON-CALLABLE 2 YEARS*
*3-YEAR EQUITY CALL FOR 35 PCT AT PAR PLUS APPLICABLE ANNUAL
INTEREST
SECOND TRANCHE:
AMT $200 MLN COUPON 9.25 PCT MATURITY 2/15/2014
TYPE SR NOTES ISS PRICE 100 FIRST PAY DATE 8/15/2004
LAST MOODY'S B2 YIELD 9.25 PCT PAY FREQ SEMI-ANNUAL
LAST S&P CCC+ SPREAD 516 BPS/ NON-CALLABLE 5 YEARS*
4.25 PCT NOV 2013
*3-YEAR EQUITY CALL FOR 35 PCT AT 109.25

 

[Casperix]

Questo il W,,,
vicino alla rialzista di lungo e stocastico che si stà scaricando

 

[Casperix]

E' al limite della regressione sul W

 

[Casperix]

E' al limite della regressione anche sul daily

 

[Casperix]

Mi sembra che a grafico somigli un po a vrlk che rotto la scodella ai 4,14 ha poi ritracciato fino allo stesso livello per poi risalire
questa ha fatto quasi lo stesso e si trova come vrlk al limite della regressione mah!!
per me è pronta metterei uno stop sotto la rialzista di lungo dal lontano metà novembre 2002

Lo stocastico è a terra e il macd si è girato al rialzo
Il target della scodella non l'ha mai raggiunto

 

[adolar]

io ne ho prese 1000 e valuto ulteriori entrate. magari vedo di scovare altre notizie. C'è caso che se domani ritraccia il mercato salga I watch dà come livelli di entrata 7,75\7,64

 

[adolar]

prospettive buone per i tlc USA. Possiamo paragonare i fondamentali di questo titolo con quelli di j2 Global Communications Inc (Jcom). Niente male

 

[adolar]

ecco i fondamentali di JCOM
Earnings (MRQ) 0.69 216.59%
Earnings (TTM) 1.41 140.86%
Earnings growth rate - 5 year N/A N/A


Other per share data. Other per share data $Value
Revenue (TTM) 2.84
Book value (MRQ) 4.46
Cash (MRQ) 2.40


Dividend information Dividend information Value
Dividend per share (MRQ) 0.00
Indicated annual dividend 0.00
Dividend yield N/A
Record date N/A
Payable date N/A
Ex-date N/A
Dividend change - year over year 0.00%
Dividend growth rate - 5 year N/A


Short interest. Short interest Current 1 month change
Shares short 3.48 -19.01%
Short interest ratio 2.76 12.36%
Percentage of float 20.10 -19.01%


Institutional ownership. Institutional ownership Current Change from previous quarter
Shares owned 18.32 M or 79.43% -16.39%
Net shares purchased (MRQ) -3.86 M -229.78%
P/E (TTM) 16.75 -11.09%
P/E - 5 year average (monthly intervals) N/A N/A
Price/Sales (TTM) 8.33 53.06%
Price/Book (MRQ) 5.29 23.18%
Price/Cash Flow (TTM) 15.01 0.68%


Last close $23.43
52 week high $47.91
52 week low $10.70
Year to date price change (YTD) 4.80%
Change relative to S&P 500 (YTD) 8.51%
Beta 1.20


Share related. Share-related Value
Market cap $540 M
Total shares outstanding 23.06 M
Float 17.30

 

[adolar]

multex su twtc
Key Statistics Get Key Statistics for:




Data provided by Multex, except where noted.

VALUATION MEASURES

Market Cap (intraday): 882.08M
Enterprise Value (18-Feb-04)©ø: 1.62B
Trailing P/E (ttm): N/A
Forward P/E (fye 31-Dec-05)¡ù: N/A
PEG Ratio (5 yr expected)¡ù: N/A
Price/Sales (ttm): 1.34
Price/Book (mrq): 1.81
Enterprise Value/Revenue (ttm)©ø: 2.43
Enterprise Value/EBITDA (ttm)©ø: 6.99


FINANCIAL HIGHLIGHTS

Fiscal Year
Fiscal Year Ends: 31-Dec
Most Recent Quarter (mrq): 31-Dec-03


Profitability
Profit Margin (ttm): -12.90%
Operating Margin (ttm): 1.26%


Management Effectiveness
Return on Assets (ttm): -4.18%
Return on Equity (ttm): -16.11%


Income Statement
Revenue (ttm): 669.59M
Revenue Per Share (ttm): 5.823
Revenue Growth (lfy)©ø: -5.70%
Gross Profit (ttm)©÷: 416.22M
EBITDA (ttm): 232.34M
Net Income Avl to Common (ttm): -86.37M
Diluted EPS (ttm): -0.75
Earnings Growth (lfy)©ø: N/A


Balance Sheet
Total Cash (mrq): 478.59M
Total Cash Per Share (mrq): 4.16
Total Debt (mrq)©÷: 1.20B
Total Debt/Equity (mrq): 2.418
Current Ratio (mrq): 1.664
Book Value Per Share (mrq): 4.32


Cash Flow Statement
From Operations (ttm)©ø: 102.67M
Free Cashflow (ttm)©ø: 5.14M

 

[adolar]

Reuters
Moody's raises Time Warner Telecom Inc rating
Tuesday February 10, 5:46 pm ET


(The following statement was released by the rating agency)
Approximately $1.4 billion of Debt Securities Affected

NEW YORK, Feb 10 - Moody's Investors Service (News - Websites) has confirmed the ratings (provisionally assigned on February 5, 2004), of Time Warner Telecom's proposed new debt issuance. Full details of today's rating action are as:

ADVERTISEMENT


Ratings confirmed:

Time Warner Telecom Holdings, Inc.'s:

$150 million proposed senior secured revolving credit facility, due 2009 -- B1

$380 million senior secured revolving credit facility, due 2007 -- B1

$200 million senior secured term loan, due 2007 -- B1

$220 million senior secured delayed draw term loan, due 2007 -- B1

$240 million senior secured second lien floating rate notes, due 2011 -- B1

$200 million senior unsecured notes, due 2014 -- B2

Time Warner Telecom Inc.:

Senior Implied rating -- B2

$400 million 9 3/4% senior unsecured notes, due 2008 -- B3

Speculative grade liquidity rating -- SGL-2

Rating upgraded:

Time Warner Telecom Inc.'s

Issuer rating -- to B3 from Caa1

$400 million 10 1/8% senior unsecured notes, due 2011 -- to B3 from Caa1

The rating outlook is negative.

The ratings reflect continuing top line pressure resulting from competitive pricing, customer disconnects, and interconnection rate compression, as well as the company's high leverage and its inability, to date, to generate positive free cash flow. However, the ratings are supported by TWTC's good liquidity position, the recent growth in its enterprise customer business, and the strength of its management team.

The ratings do not incorporate any implicit support from the company's controlling ownership stake held by Time Warner, Inc. Accordingly; a possible sale of Time Warner Inc.'s controlling interest in TWTC to another industry operator would not, in and of itself, necessarily result in a rating action. However, the ratings could be impacted in the event that TWTC was unable to successfully address the potential impact that such a sale might have upon the change-of-control provisions incorporated in its debt instruments.

The negative outlook reflects the challenges facing the company as it strives to replace declining carrier business with enterprise contracts, which are generally significantly smaller in average size, and Moody's concern that the company's top line may not experience a rebound in the near future.

TWTC continues to suffer from a reduction in its carrier and ISP sales, especially relating to WorldCom, whose business with TWTC has been cut by approximately $45 million in annualized sales since 2002. In addition, FCC-mandated reductions in reciprocal compensation and switched access rates have resulted in an approximately $11 million decline in intercarrier compensation for 2003. The company has responded to the decline in its carrier business by expanding its sales force and emphasizing sales to corporate and institutional end-users.

The SGL-2 rating reflects TWTC's good liquidity position, which pro-forma for the proposed financings should stand at $590 million, including cash and marketable securities of $440 million and undrawn bank revolver availability of $150 million. This level of liquidity is adequate to support the company's moderate level of cash burn (defined as cash from operations after capital expenditures), which totaled $15 million for the latest twelve month period ending September 30, 2003. Moody's expects that TWTC's liquidity position will decline to $528 million by March 30, 2005 at which time the revolving credit facility should remain largely undrawn. TWTC has few monetizable assets of value that are not integral to its network.

TWTC retains a highly leveraged profile which, according to Moody's estimate, should marginally increase from 5.7 times total debt-to- EBITDA at the end of December 2003 to 6.0 times by the end of 2004, reflecting the company's continuing cash burn.

Upon closing, proceeds will be used to retire TWTC's existing $800 million senior secured credit facility. Moody's plans to withdraw its ratings on the existing senior secured credit facility, following its retirement at the closing of the proposed financings.

Both the senior secured revolving credit facility and second-lien notes are similarly rated, one notch above the senior implied rating, in consideration of their senior-most position in the company's capital structure. Moody's recognizes the relatively stronger security protection afforded to the first lien revolving credit facility lenders. However, this facility remains within the same rating category as the second lien notes in view of its modest size, relatively undifferentiated asset protection metrics, and Moody's expectation of minimal drawings under the first-lien credit facility. The refinancing incorporates the creation of new classes of debt within TWTC's capital structure; however it results in no significant increase of debt, either at the operating company or holding company levels. Pro forma for the proposed issues, total consolidated funded debt increases to $1.24 billion from $1.20 billion, and opco funded debt increases to $440 million from $402 million.

Ratings could be lifted if TWTC can demonstrate sustained success in its strategy to fully offset carrier business losses with recurring enterprise sales and report consistently positive free cash flow results. Conversely, ratings could be lowered further if the company is unable to stem its organic top line shrinkage or sustain existing cash flow margins.

Time Warner Telecom, a leading US provider of telecommunication services, is headquartered in Littleton, Colorado. The company reported sales of approximately $670 million for 2003.

 

[Casperix]

il minimo di oggi ha toccato perfettamente la rialzista di lungo 7,23
vediamo

 

[Casperix]

rotta la rialzista di lungo

 

[adolar]

Scritto da Casperix
rotta la rialzista di lungo

la raccogliamo a 6? La cosa divertente è che il fratellone twx sta superando 18. Non è che si voglia disfare della cenerentola per comprarsi qualcosa(magari MGN o simili?)? Adesso siamo in ipervenduto

 

[Casperix]

la vedo anch'io a 6

 

[adolar]

Scritto da Casperix
la vedo anch'io a 6

incredibile! Una candela verde dei volumi!