Wavelength Asset Management
Long/short equity

Why We Like Dex Media Into Q2 Results And Expect Visibility To Improve Throughout 2014

By Nick Celentano, Managing Director

Last November, we highlighted our positive stance on Dex Media (DXM), the nation's largest directory publisher and one of the largest digital players for small/medium business with 580,000 business customers, of which 200,000 use DXM digital services. At the core, we saw an equity valuation deeply skeptical of the company's future, particularly after the stock plunged from $24 to $4. The skeptical view, however, was not shared by: ((i)) the bank debt, which has recovered to August 2013 levels; and (ii) core equity holders, who have ADDED shares since mid-2013.

We believe the stock is a better buy today than it was in November, as it does not currently reflect the fundamental catalysts we expect

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details