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Jason Kaplan  

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  • Yahoo's Cashless Spin-Off Has Strong Business Purposes: Employee Options And Merger Currency [View article]
    But it will trade at like a 10% discount to actual BABA stock. I wish BABA would just buy the spin-off when it can for like a 5% discount. Issue new shares to swap for BABA shares. If they do it at a discount it would be accretive to existing shareholders. Unfortunately Jack Ma talks like he isn't interested in doing that...we shall see.

    Of course this is all dependent on getting that private letter ruling. I would not be surprised to see it take a lot longer than year-end. It would just be another in a long line of things this YHOO mgmt team got wrong (their YE timeline).
    Jul 31, 2015. 06:40 AM | Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    If the sub debt holders have to take a haircut to give the company some debt relief the current equity will be gone. FCF deteriorated a ton in Q1. What will it do in Q2? If it does rebound to $80M like the company forecasted I will be impressed. At the present time I see no reason to own this stock.
    Jul 24, 2015. 08:39 AM | Likes Like |Link to Comment
  • Obtain 10% Dividend Yield From DirectCash Payments [View article]
    Since when does it make sense to subtract acquisitions and principal repayments when calculating a dividend payout ratio? Since never that's when.
    Jul 22, 2015. 05:05 PM | Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    I think Q2 was likely on par with Q1 or worse...probably worse. I wouldn't touch the stock on the long side at this point. Mgmt has not given investors any reason to be optimistic.
    Jul 22, 2015. 05:02 PM | Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    WHat do you know about yp.com's efforts in the digital marketing arena? Hard to know for sure since entity is majority owned by PE, but they like to say they are the #1 marketer for SMEs in the US, don't they?
    Jul 21, 2015. 07:17 AM | Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    I would not be too optimistic about some sales hires. If they lost a bunch of sales reps in Q1/Q2 they likely lost a bunch of relationships. Those cannot be rebuilt overnight. I think a restructuring will likely happen sooner rather than later because of the rapid decline in business. FCF is tanking. The company needs some relief. It doesn't appear that the cost savings they implemented will be enough. I wouldn't hold out much hope of the current equity surviving.
    Jul 20, 2015. 01:41 PM | Likes Like |Link to Comment
  • Obtain 10% Dividend Yield From DirectCash Payments [View article]
    So now reviewing one quarter of operations is how you make investment decisions? At least look at the LTM. It's a seasonal business!

    Retired CPA that rides a bike. Sounds like HOG's target customer base.
    Jul 20, 2015. 09:08 AM | Likes Like |Link to Comment
  • Obtain 10% Dividend Yield From DirectCash Payments [View article]
    You don't understand free-cash-flow and how amortization of intangibles expense works. Stop looking at GAAP earnings if you want to get a true picture of how this biz performs.
    Jul 20, 2015. 07:54 AM | Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    I saw the press releases for the 160 sales reps. Not sure they filled all those positions yet. I still think signs point to another disastrous quarter in Q2 with the sales force in disarray.

    The sub debt hit a low of about 4.25 in the last month, recently rallied to 12 and currency sits at around 8 cents on the dollar...nothing to get excited about.
    Jul 19, 2015. 07:41 AM | Likes Like |Link to Comment
  • Magnum Hunter: Saint Montreal Steps In With Covenant Waivers And The Hand Of Forgiveness [View article]
    I'll tell you fellahs one thing the market doesn't care one bit about these asset sales. It is indiscriminately taking down anything and everything related to E&P. How low can this thing go? Does MHR have to pay tax on the gain on Eureka? Anyone have an idea what the gain will be?
    Jul 18, 2015. 10:14 PM | Likes Like |Link to Comment
  • Obtain 10% Dividend Yield From DirectCash Payments [View article]
    Nice work extrapolating your situation/habits (as a $300K+ income earner lol) to the rest of the populations in AUS, CAD and the UK. So ridiculous.
    Jul 18, 2015. 07:30 PM | 7 Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    Yes sorry I misspoke. The subordinated bonds are PIK not the bank debt. I will check the current price and let you know.
    Jul 18, 2015. 04:24 PM | Likes Like |Link to Comment
  • Now Is Not The Time To Buy T-Mobile [View article]
    Hummm...imagine that.

    *DISH TALKS TO BUY T-MOBILE SAID TO STALL ON STRUCTURE, PRICE
    Jul 16, 2015. 02:58 PM | Likes Like |Link to Comment
  • Now Is Not The Time To Buy T-Mobile [View article]
    Not saying that couldn't happen, but I'd take a hard look at shorting the acquirer in that instance.
    Jul 15, 2015. 12:34 PM | 2 Likes Like |Link to Comment
  • A Mea Culpa On Dex Media [View article]
    The bank debt is PIK, so it is constantly going up in par value.
    Jul 14, 2015. 04:45 PM | Likes Like |Link to Comment
COMMENTS STATS
701 Comments
548 Likes