Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Goldman Removes Adelphia Communications from 'Recommended List'


Goldman removed Adelphia Communications (ADLAC) from its recommended list and shares now are not rated.

Analyst Richard Greenfield says he has not received any further public disclosure surrounding the company's co-borrowing arrangement with Highland Holdings. He notes without this information, he finds it impossible to support any rating on Adelphia. He continues to believe even in a reasonable worst case scenario (assuming Adelphia's problems are limited to existing disclosures), the 42% decline since March 27 appears overdone, however, his fear (fueled by slow public response by management) remains: That the company's problems may go beyond current disclosures.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus