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Jason Kaplan  

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  • Dex Media slides 10.8%; sales chief has resigned [View news story]
    OBVIOUSLY people aren't betting on the print biz to last. They were/are betting that the company can generate sizable growth in the digital book of business and do it with a decent margin profile. They either succeed or they do not.
    May 6, 2015. 03:57 PM | Likes Like |Link to Comment
  • Dex Media slides 10.8%; sales chief has resigned [View news story]
    Oh boy oh boy. Can't wait for earnings tomorrow!
    May 6, 2015. 12:32 PM | Likes Like |Link to Comment
  • 4 Reasons Dex Media Is Worth A Look Into 1Q15 Results Next Week [View article]
    Company's chief revenue officer resigns today. He used to be the COO. He was named a member of the new CEO's executive mgmt team when he took over. Not a good sign for Q1 revenues.
    May 5, 2015. 09:05 PM | 1 Like Like |Link to Comment
  • Mylan Posts Lowest Full-Year Comprehensive Earnings Since 2008 [View article]
    How good were the estimates? Partial quarter for the Abbott acquisition. Honestly, no one cares at this point. Company reiterated guidance for the year didn't they? I didn't look too closely. MYL probably ends up getting bought by PFE when all is said and done.
    May 5, 2015. 09:03 PM | Likes Like |Link to Comment
  • 4 Reasons Dex Media Is Worth A Look Into 1Q15 Results Next Week [View article]
    I actually think the recent price decline is mainly due to bank debt holders hedging their exposurers by shorting the stock. Have you seen the very large June $5 put position? Whoever owns that exposure has to hedge it, and the only way I know how they can do that is by shorting the stock. As we get closer to expiration it keeps getting worse. Some of that position has been taken off but the majority remains (over 16K contracts). There is also a massive put position in the Jan 2016s, though I'm less worried about those in the near-term.

    CEO alluded to a poor start to the year during the Q4 call. Let's hope they picked it up in Feb and March.
    May 4, 2015. 09:28 AM | 2 Likes Like |Link to Comment
  • magicJack Is Undervalued [View article]
    Ok I chatted with MJ customer service online and they actually fixed the beeping problem. It is gone. I like them again. I will keep the product.
    May 1, 2015. 07:28 AM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    Looks like more Jan 2016 $5 puts being purchased today. 950 contracts already traded.
    Apr 30, 2015. 02:11 PM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    OI in the June puts down again to 16,712. The holder is relenting and taking some pressure off the stock...for now anyways.
    Apr 30, 2015. 09:39 AM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    The 2013 bankruptcy wasn't a restructuring. It didn't reduce debt by a dime or dilute. It was merely to force the agreement on the bank debt holdouts (needed 100% support). If they do a restructuring they should reduce debt by a lot (like a billion), which I'm not sure can get done.
    Apr 30, 2015. 09:38 AM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    DXM refinanced as part of the merger in 2013. They weren't going to go through that exercise again a year later. DXM is a very off the run credit. It will have to pay high rates no matter what until it gets leverage down and revenues stabilize.

    It's possible the company will do a restructuring sometime next year. I'd say it all depends on how they perform in the interim.

    Bank debt holders are absolutely hedging their exposure by shorting the equity. But the size of these puts has put so much pressure on the equity it has also dragged down the bank debt by 10 points. Not a good outcome.
    Apr 30, 2015. 08:57 AM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    Same puts are active this afternoon...so are the Jan 16s $3 and $5 but not to the same extent - yet anyways.
    Apr 29, 2015. 03:44 PM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    Earnings scheduled for May 7th. Hold onto your hats.
    Apr 29, 2015. 01:21 PM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    OI on the June $6 puts went down a bit today, so someone reduced their bet slightly. Still a huge OI of 17.5K contracts. This will likely continue to weigh on the stock until expiration or the trade is closed out and not repeated.
    Apr 29, 2015. 10:05 AM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    Not sure. Cash went from $145M in Q3 to $171M in Q4. Why the increase? Using it to pay severance? I don't know. I'm sure the question will get asked on the earnings call next week. Maybe we get a buyback after the earnings call. Each tranche has fallen about 10 points from recent highs.
    Apr 28, 2015. 02:39 PM | Likes Like |Link to Comment
  • Dex Media slides nearly 17% to all-time low [View news story]
    1500 of the June $6 puts traded today. We'll see if the OI drops tomorrow. That would indicate the holder is selling down the trade. So far looks like some buying and some selling. These puts were bought for 60 and 70 cents each. They are worth $3.40 today. Nice win.
    Apr 28, 2015. 02:14 PM | Likes Like |Link to Comment
COMMENTS STATS
612 Comments
454 Likes