MCLD

[fig]

...quando todos esperavam esta menina na casa dos 1$ eu avisei que antes de ir á zona dos 0.35 ela não ia a lado nnenhum.....,e alguns elementos a cada subida de de menos de 10% diziam que era desta, e passaram das críticas á gozação ....., mas desde de há muito que ja não falam dela......

Neste momento estamos a 0.37/38, muito perto da casa dos 0.35 (penso que irá até  um pouco mais abaixo) , por isso estejam  "atento" a esta menina.... 

Abraço e bons trades
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PS: xiiiiiiiiiiii, num dia passei de caloiro a trader..... , afinal aprendo depressa

[Tubos]

Abraço

[AGOIRENTO]

O pessoal da mcld, cá vai  estando à espera do beijo do fig  no titulo


Realmente, nunca pensei que fosse a 0,35...mas agora acredito.

Só gostava  de saber é quando irão sair os resultados, já fiz de tudo, enviei
mail, telefonei para os tipos, enfim...

A intc, a cisco e a sndk, vão compensar, mas espero que isto suba...

QQ das maneiras para mim este eera um titulo de alto risco, e por isso arrisquei pouco...

1 abraço

[MigRod]

Bom dia

Ela para fechar o 1º Gap tem de ir a 0,28. Crês nesse cenário pois com o movimento dos ultimas semanas para mim é um cenário bastante viável.

Cumprimentos

MigRod

[MigRod]

... o mínimo de sempre tb. Com esta notícia preparem-se os accionistas actuais para ficarem sem nada...

Press Release Source: McLeodUSA Incorporated


McLeodUSA Reports Fourth Quarter and Total Year 2004 Results
Wednesday March 16, 7:00 pm ET 
-- Continued strong operational performance but revenue declines


CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--March 16, 2005-- -- Actively pursuing strategic partner or sale of the Company
Entered forbearance agreement with Lenders to maintain liquidity
Discussions for debt restructuring underway with Lender Committee where recovery for preferred or common stockholders is unlikely
McLeodUSA Incorporated (Nasdaq:MCLD - News), one of the nation's largest independent, competitive telecommunications services providers, today reported financial and operating results for the quarter and total year ended December 31, 2004.

Total revenues for the quarter ended December 31, 2004 were $162.6 million compared to $168.1 million in the third quarter of 2004 and $209.5 million in the fourth quarter of 2003. Revenues were down from the third quarter of 2004 due to a reduction in total access lines as new retail sales did not offset existing customer turnover; as well as, lower IRU sales and the impact of normal fourth quarter seasonality on long distance volume.

Gross margin(1) for fourth quarter 2004 was $75.8 million compared to $74.0 million in the third quarter of 2004 and $93.5 million in the fourth quarter of 2003. Gross margin in the fourth quarter included approximately $6.2 million of rate settlements. Gross margin as a percent of revenue, including the impact of the rate settlements, was 46.6% versus 44.0% in the third quarter of 2004 and 44.6% in the fourth quarter of 2003.

SG&A expenses for the fourth quarter of 2004 were $61.7 million compared to $62.5 million in the third quarter of 2004 and $77.0 million in the fourth quarter of 2003 as the Company continued to realize the benefit of its ongoing expense reduction programs. Adjusted EBITDA(1) in the fourth quarter of 2004 was $14.1 million, including the $6.2 million of rate settlements, versus $11.5 million in the third quarter of 2004 and $16.5 million in the fourth quarter of 2003. Net loss from continuing operations for the quarter was $(98.1) million, or a loss per common share of $(0.32), versus $(352. million in the third quarter of 2004, which included a non-cash charge of $263.1 million related to the impairment of goodwill and intangible assets, and $(56.6) million in the fourth quarter of 2003.

The Company's strong operational performance continued in the fourth quarter of 2004. The customer satisfaction rating was 93%, billing accuracy was 99.9% and the Company continued to consistently achieve 99.999% network reliability, all in line with Company goals.

Customer platform mix at the end of the fourth quarter 2004 was 71% UNE-L, 4% resale and 25% UNE-P versus 70%, 4% and 26%, respectively, at the end of the third quarter of 2004 and 65%, 5% and 30%, respectively, at the end of the fourth quarter 2003. The Company continued to migrate resale and UNE-P customers to UNE-L and add new customers to the more profitable UNE-L platform. In January 2005, the Company reached an agreement with Qwest Communications for the continued provisioning and service of its UNE-P lines.

Customer line turnover in the fourth quarter was 2.2% versus 2.4% in the third quarter of 2004 and 2.1% in the fourth quarter of 2003. Business customer line turnover was 2.0% in the fourth quarter of 2004 compared to 1.8% in the fourth quarter of 2003.

Total revenues for the year ended December 31, 2004, were $716.2 million versus $869.0 million for the year 2003 primarily driven by the federally mandated access rate reductions of $43.3 million, lower long distance rates and volume of $40.1 million, and the decline in price and volume of local services of $48.0 million. Gross margin for the year ending December 31, 2004 was $322.4 million versus $370.1 million in 2003 driven by the decline in revenues offset by increased profitability associated with the migration of the business to UNE-L and the favorable impact of the Company's ongoing cost reduction initiatives. Gross margin as a percent of revenue for the year was 45.0% versus 42.6% in 2003. Total SG&A expenses for the year were $268.4 million and $312.2 million in 2004 and 2003, respectively, as the Company successfully executed its expense reduction and productivity improvement plans. Adjusted EBITDA was $54.0 million for year 2004 versus $57.9 million in 2003. Net loss for the year ended December 31, 2004 was $(624.5) million versus $(295.7) million for the year ended December 31, 2003. Net loss for 2004 included a non-cash impairment charge of $263.1 million to recognize full impairment of goodwill and a partial impairment of the McLeodUSA trade name.

The Company ended the year with $50.0 million of cash on hand which included a planned $20 million withdrawal from the exit credit facility in the fourth quarter. At December 31, 2004 the Company had withdrawn a total of $100 million and had issued approximately $8 million of letters of credit against the $110 million funded exit credit facility. The Company was in compliance with all financial covenants at December 31, 2004. The Company's cash balance was approximately $45 million as of March 15, 2005.

Pursuit of Strategic Alternatives

As an independent communications services provider, realizing the revenue growth benefits of operational excellence continues to be a challenge for the Company as it competes against large, financially strong competitors with well-known brands. Most recently, the FCC has finalized its unbundling rules and the communications industry consolidation has accelerated. With the recent merger announcements in the industry, the Company believes that the large telecommunications providers will likely become even more aggressive upon the closing of these transactions further challenging the Company's ability to grow revenue.

In response, the Company's Board of Directors has authorized the Company to pursue strategic alternatives. In support of these initiatives, the Company has hired Miller Buckfire Ying & Co., LLC and Gleacher Partners, LLC as its financial advisors. The Company is now actively pursuing a strategic partner or a sale of the Company while also taking steps to maintain future liquidity, including evaluating a capital restructuring to reduce the current debt level enabling the Company to achieve positive cash flow going forward.

The Company believes that its operational excellence combined with a highly trained workforce, state of the art product offerings and expansive network could provide strategic benefits to existing multi-state and regional telecom services providers. In addition, through the extensive cost reduction programs, which have been implemented over the past several years, the Company believes its wholesale product suite offers an attractive alternative to UNE-P providers for local access lines and competitive long distance services.

In the interim, the Company has entered a forbearance agreement with its Lenders with respect to scheduled principal and interest payments on its loans under which the Lenders have agreed not to take any action as a result of non-payment by the Company of approximately $18.1 million of scheduled principal amortization and interest payments due on or before March 31, 2005 and any related events of default through May 23, 2005.

Financial Restructuring

In light of the revenue outlook and the Company's on-going cash requirements, the Company has also begun discussions related to a capital restructuring with its agent bank and a group of lenders acting as a steering committee for the lenders under its credit facilities. The Company and this committee are in negotiations related to terms of a capital restructuring which includes the conversion of a significant portion of the Company's current outstanding debt into equity. Under such a restructuring, the holders of the Company's current debt would become equity shareholders of the Company with the current holders of the preferred and common stock unlikely to receive any recovery.
There can be no assurance that the Company will be able to reach an agreement with its lenders regarding a capital restructuring or continued forbearance and covenant relief prior to the end of the initial forbearance period on May 23, 2005. There also can be no assurance that the Company will be able to identify a suitable strategic partner or buyer or reach agreement with any such strategic partner or buyer on terms and conditions acceptable to the Company prior to the end of the initial forbearance period. In the event these alternatives are not available to the Company, it is likely that the Company will elect to forgo making future principal and interest payments to its lenders while it continues to seek an extended forbearance period or permanent capital restructuring from its lenders, or alternatively, the Company could be forced to seek protection from its creditors.

While the Company continues to explore a variety of options with a view toward maximizing value for all of its stakeholders, none of the options presented to date have suggested that there will be any meaningful recovery for the Company's current preferred stock or common stock holders. Accordingly, it is unlikely that holders of the Company's preferred stock or common stock will receive any recovery in a capital restructuring or other strategic transaction.
The Company believes that by not making principal and interest payments on the credit facilities, cash on hand together with cash flows from operations is sufficient to maintain operations in the ordinary course without disruption of services. The Company does not expect that the exploration of the alternatives described above will negatively impact its customers or vendors. The Company remains committed to continuing to provide the highest level of service to its customers and to maintaining its strong supplier relationships.

As a result of the activities described above the Company has delayed the filing of its Form 10-K with the SEC. The Company has completed its internal control review as required under Section 404 of the Sarbanes-Oxley Act and is prepared to issue its Management's Report on Internal Control Over Financial Reporting stating that based on management's assessment, management believes that as of December 31, 2004, the Company's internal control over financial reporting is effective. The Company expects that the Independent Registered Public Accounting Firm Report that will be issued in connection with the filing of Form 10-K will include comments with respect to the Company's ability to continue as a going concern.

Other recent highlights include:

On January 3, 2005, the Company announced a five-year extension to its contract with the State of Iowa for operation and maintenance of the Iowa Communications Network. McLeodUSA will continue to operate the network from its Operations Center near Des Moines, perform field services and conduct network locate services statewide. This contract extension, expiring December 9, 2009, will result in recurring revenue to McLeodUSA of approximately $5 million annually.
On December 20, 2004, McLeodUSA announced that its Preferred Advantage® Dynamic Integrated Access, which utilizes the next generation Voice-over-Internet Protocol (VoIP) switching architecture, is now generally available for sale. The service has been initiated in 24 markets to date and the Company's efforts are on track to provide service in 37 markets by April 30, 2005. The McLeodUSA Integrated Access product uses a secure IP network to offer integrated voice and data communications services over a single T-1 facility to customer locations. Customers receive up to 1.544 Mbps Internet access, high quality voice service, 17 local calling features, the convenience of an easy-to-use web-based control panel, and the ability to add or change features and generate reports.
On December 16, 2004, the Company announced a three-year renewable wholesale agreement with MCI whereby McLeodUSA will enable MCI to provide local telephone services to its residential customers using McLeodUSA facilities. The agreement provides for MCI and McLeodUSA to migrate a minimum of 200,000 local lines onto the McLeodUSA UNE-L network by October 31, 2005.

Cumprimentos

MigRod

[MigRod]

Para já poderá haver alguma reacção técnica junto ao mínimo. O gap ficou por fechar e outro se abriu no diário.

Vamos ver.

Cumprimentos

MigRod

[fig]

Aqui é de comprar essa é a minha opinião...., e esta menina ainda vai fazer muitas surpresas.....

Abraço.
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