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AXIA NETMEDIA J T.AXX

"Axia Netmedia Corp owns, operates and sells services over fibre optic communications networks. Its reportable segments are The Covage segment and The North American segment."


TSX:AXX - Post by User

Bullboard Posts
Comment by donmc70on Mar 27, 2003 5:58pm
298 Views
Post# 5978528

RE: Analyst bites AXX's a$$

RE: Analyst bites AXX's a$$Also the report indicated that there is no firm timetable regarding the recovery of money owed by Bell West in spite of the arbitration. Also worth noting that revenues regarding operating the Supernet were still estimated at 35-40 million annually. While revenue generation has not been a problem has anyone ever seen any projections as to whether this revenue will produce any profit. The 200 million segment [before they blew half the contract] was at 2% margin and at a maximum of 5% in certain areas. Is the operation of the Supernet another project that will produce revenue and no PROFIT and will AXX even be able to retain this contract. Would be very clever management to lock up their major source of revenue for ten years and lose money. Then again, has any project been different, except Netricom which was making a profit and converted into another losing proposition in order to conform to the Axia business model. Posters who have been here for years can recall the days when people passionately argued that Netricom would be the cash flow engine that would drive this company into prosperity. Unfortunately, prosperity was only receached by the people mentioned in the annual report.
Bullboard Posts