Author Topic: YLO - Yellow Media Inc  (Read 11994 times)

finetrader

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 544
Re: YLO - Yellow Media Inc
« Reply #30 on: October 14, 2012, 02:52:35 PM »
I bought some preferred and waiting for recap to occur. I think Yellow Media should make between 150-200M$ in earnings in 2013. And by buying the preferred at .56$ this is like getting  the company for about 250$. So in this short term trade that I'm planning to do I think the downside risk is quite low.


"The hearing for the final approval of the recapitalization by the Québec Superior Court has been set by the Court to begin on October 15, 2012.
The implementation of the recapitalization is currently expected to occur on or about October 31, 2012, subject to a number of conditions, including the receipt of the Court's final approval as set forth above, and to other risks and uncertainties."
Live to invest, invest to live


finetrader

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 544
Re: YLO - Yellow Media Inc
« Reply #31 on: October 17, 2012, 07:04:33 PM »
Some new development. Yellow Media reached a deal with the debenture holders. This should help obtaining court approval while by my estimates diluating preferred and common about 3%.
Preferred climbed to .65$ on the news.

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20121017&archive=ccnm&slug=201210170826747001
Live to invest, invest to live

mysticdrew

  • Full Member
  • ***
  • Posts: 107
Re: YLO - Yellow Media Inc
« Reply #32 on: October 25, 2012, 04:05:15 PM »
Excuse my ignorance... but what symbol are the preferred are you buying?  I just tried looking for yellow media and there are a handful.

finetrader

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 544
Re: YLO - Yellow Media Inc
« Reply #33 on: October 25, 2012, 04:33:54 PM »
Preferred series 1,2,3,5. -> ylo.pr.a,b,c,d receive all the same treatment under the reorganization plan.

Preferred series 7 get a different treatment but i don't think you can trade them on the tsx.
Live to invest, invest to live

mysticdrew

  • Full Member
  • ***
  • Posts: 107
Re: YLO - Yellow Media Inc
« Reply #34 on: October 25, 2012, 04:43:26 PM »
Preferred series 1,2,3,5. -> ylo.pr.a,b,c,d receive all the same treatment under the reorganization plan.

Preferred series 7 get a different treatment but i don't think you can trade them on the tsx.

Ahh got it thanks... they all trade at around 60-70.  Are the different prices just a matter of low volume / illiquidity?

finetrader

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 544
Re: YLO - Yellow Media Inc
« Reply #35 on: December 10, 2012, 04:01:57 PM »
Live to invest, invest to live

finetrader

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 544
Re: YLO - Yellow Media Inc
« Reply #36 on: December 10, 2012, 04:03:39 PM »
Can't wait for tomorrow morning opening trading!
Live to invest, invest to live