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Even if you could somehow get cash for the goodwill they list on their balance sheet, this company still has negative equity, and no earnings to speak of. Debt mountain peaks in 2015 - that's when they fall off the cliff. (okay so that's a brutal mixed metaphor, but it's better than this stock!)
Aside from some pure luck trading a bond, I've had no success with this company. First the IAR common stock crashed and burned.Second, I never got the $2500 I was expecting to get in the bankruptcy from my bond. (Granted, I could've been mistaken in expecting this, but i was pretty sure I was owed it)and now, ever since they've re-emerged, the company still pays no dividend, the stock price is lackluster (went from 10 to 2 since re-emergence), and they simply can't compete with the better players out there.RRD is doing laps on them, and they're too late to the party with the online stuff.Lee
this is my bet that sure, the industry is in decline, sure there are problems, but perhaps people are too negative, i currently don't have an actual cash position, but i likely will have one shortly.. same with dexobut, earnings were $1.91 / share last quarter... for a $5 stock... lots of debt, but i think the debt is managable considering the cash cow nature.. john paulson still appears to own his shares.. i bought into conseco before he did i think, dunno. don't care... but i question his intelligence owning this as it dropped from $40. lol
chrisjen17 haikueconomy upmakes yellow pages get fulllong been a laggard
Sometimes bankruptcy can be a good thing, especially in a spinoff where the mothership sends her spawn into the wilderness with a $9b debt harness! Blah! Nobody in their right mind could rack up that much debt with a yellow-books business. Could they? Well, I'm glad we got that one over. What Verizon does with their money and harebrained ideas and endless maintenance is their business now. SuperMedia can now stand on its own. SuperPages. The YELLOW PAGES?!? I know... it sounds crazy to think the yellow books will make you money. But think about it, how could it not? There are just still tons of businesses out there that have no better advertising option. And once you get the business, if the business does well (which if they feel that the ad has "paid for itself", they will) the business usually stays. All you have to do is print the book and charge a little more each year. All in all, a great business. One I'd like to own. And I'm betting there's some other guys out there thinking the same thing. Heck, it'd be much easier to start a diversified holding company with this baby's cash flows than it would be trying to wrestle the cash-flow firehose at a Denny's or a Steak n' Shake. Reminds me a lot of Blue Chip Stamps...
This stock is just IDEAR warmed over. The business that caused IDEAR to go bankrupt has not changed appreciably in the past year, other than to go from bad to worse. I see this stock continuing on the bankruptcy momentum for a few years, then going into another downward spiral.
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