jrad15
15 years ago
RBY is not my cup of tea. Not enough margin safety. If my XJT doubles or triples within the next few months I am heading over to Playboy (PLA). This company is selling for 95 million and it is worth 200 million on its worse day....probably will get 300 million for it in the next year or two....if not more.
If Elvis can make millions in licensing then so can Playboy. They are carrying the Playboy Mansion on the books for 1.4 million. The house next door, that Hugh Hefner owned personally, just sold for 18 Million. So, if you had nothing else except the mansion, you would have 40 million or so.
There are people looking at buying Playboy....lots of people/companies who know how to maximize a brand. When Hef dies the price will really shoot up, just like it did with Micahel Jackson. If I gave you one billion dollars and you had to create the brand awareness of Playboy from scratch, you couldn't do it.
I hope PLA stays under $3 for a month or two. XJT, AHC, and PLA are my top three plays. Cannot lose with any of them. Huge margins of safety in all three.
jrad15
15 years ago
There won't be a big pullback. Market cap is still well under 100 million. Maybe when it gets close to 150-200 million markey cap you will get a pullback, not nothing major until then.
Best balance sheet of all the newpapers, and book value is many multiples above current price. There is a reason this is motoring.....simply, there are no sellers. What you had with LEE and MNI were lots of people getting in at 50 cents....now they are taking profits and they also realize that those companies have tons of debt.
Not a lot of people got in with AHC near the lows....just check the volume, it started picking up in the 1.50 to 2.00 range. Other than that, there weren't a lot of shares trading.
If you own a speculative security and it advance fast, it is advisable to lock in some profits, but when you own a security selling well below asset value and it goes on a little run, yo will kick yourself if you sell before you double and triple your money.
When a whole industry gets left for dead and then recovers, you can make a lot of money. And that is what I am doing right now.
It is obvious it is heading over $5 before it ever heads below $3 (it may never go below $3 again), so you can't sell now. Share price will appreciate steadily until October round of newspaper earnings.
Sit back and enjoy the runup.
jrad15
15 years ago
Funny thing....there was a poster on Yahoo on about July 20th or so who mentioned AHC when it was about $1.40. I like to write down ticker symbols and then do my own research. I think the guy posted it on the MEG board, but I was checking it out because I also owned LEE, and MEG owns the Tampa Tribune.
I never would have know AHC existed, but I caught it good early two days before earnings. They started buying real heavy after that selloff the day of the earnings, so I listened to the earnings call later in the day (45 minutes). That's all I needed, so I bought more a few days later.
This is going to at least $7 and possibly $11 or so before the first of the year.
jrad15
15 years ago
It is going to $5 before it ever goes under $3, so you better get some now. I have been telling people about AHC for weeks but nobody listens.
The buhying is strong....I noticed the buying on the day of their last conference call......it dropped to $1.50 briefly and then STRONG BUYING came in....that was my signal and I got in that day.
Check out the last 20 days or so....I think there have only been 4 down days, and three were last Monday, Tuesday, and Wednesday.
Up, up, and away. The best chance to catch a small pullback is right at the open if you don't see strong buying. If you wait, you will watch it double right in front of your eyes....trust me. Check my posts.....all I mention is AHC and nobody listened.
Stock
15 years ago
Here we go:
Additional Transaction Details
The spin-off is expected to be completed in the first quarter of 2008. The stock distribution ratio and record date will be determined and communicated in late 2007 or early 2008. Following the spin-off, each company will maintain two voting classes of common stock. A.H. Belo Series A shares will have one vote per share and its Series B shares will have ten votes per share. This is the same as Belo's current Series A and Series B shares.
It is expected that upon completion of the transaction, Series A shares for the new A. H. Belo will be listed on the New York Stock Exchange ("NYSE") under a ticker symbol to be determined, while the Series B shares for the new A. H. Belo will not be listed on any exchange for trading. This is the same structure currently in place at Belo. Series A shares of Belo Corp. will continue to trade on the NYSE under the ticker BLC.
In addition to Mr. Decherd, current Belo directors J. McDonald Williams (lead director), Douglas G. Carlston, Louis E. Caldera, Dealey D. Herndon and Laurence E. Hirsch will serve on the board of the new A. H. Belo.
In addition to Mr. Decherd, Ms. Shive and James M. Moroney III, current Belo directors Henry P. Becton, Jr. (lead director), Judith L. Craven, M.D., M.P.H., Dealey D. Herndon, Wayne R. Sanders, William T. Solomon, M. Anne Szostak and Lloyd D. Ward will serve on the board of Belo Corp.
Following the spin-off, A. H. Belo intends to pay an annual dividend of approximately $0.20 per share, paid quarterly, and Belo Corp. intends to pay an annual dividend of approximately $0.30 per share, paid quarterly. The actual amount and timing of each dividend are subject to final determination by the boards of the two companies. Annual capital expenditures are expected to be approximately $30 million for each company.
Belo Corp. will retain all outstanding indebtedness under its existing notes, debentures, and credit facility, which today aggregates to approximately $1.2 billion. Following the spin-off, Belo expects to have a debt-to-cash flow ratio of approximately 4.6 times or slightly higher, which is lower than the television industry average. The Company will have sufficient financial flexibility to service its debt and pay a recurring cash dividend while continuing to invest in other business development opportunities. Allocating any portion of the existing debt to A. H. Belo might limit its ability to obtain a separate and reasonable credit facility. After considering these and other factors, Belo's Board of Directors determined that retaining Belo's existing debt structure results in an appropriate capitalization for both companies.
Consummation of the spin-off transaction is subject to several conditions, including receipt of confirmation of the tax-free treatment of the spin-off by the Internal Revenue Service, receipt of NYSE listing and other regulatory approvals, and the filing and effectiveness of a registration statement on Form 10 with the Securities and Exchange Commission ("SEC"). Investors and shareholders will be able to obtain copies of the registration statement on Form 10 (including the risk factors set forth therein and detailed information pertaining to A. H. Belo), which is expected to be filed within the next 10 business days, as well as SEC filings previously made by Belo, without charge at the SEC's website: www.sec.gov. The Form 10 registration statement and the information statement included therein to be filed with the SEC will be preliminary and subject to change until such time as the SEC declares it effective. Belo will distribute the final information statement to Belo shareholders of record as of the record date established by the Belo board. Approval of the transaction by Belo shareholders, noteholders and debenture holders is not required and no FCC approval relating to Belo's television station licenses is needed.
Goldman, Sachs & Co. is acting as financial advisor, and Baker Botts, Locke Liddell & Sapp, Jones Day, and Wiley Rein are serving as legal advisors to Belo and A. H. Belo.
http://www.belo.com/pressRelease.x2?release=20071001-1279.html
Stock
15 years ago
BLC is apparently the one that retained their corporate history. I looked over filings yesterday, and kind of lost interest. They probably have cross-ownership via insiders.
Thanks.
http://en.wikipedia.org/wiki/Belo_Corporation
History
The company traces its roots back to 1842 with the introduction of The Daily News in Galveston, Texas. Its flagship, The Dallas Morning News, has been publishing since 1885. The name A.H. Belo Corporation was applied to the company in 1926. The name was shortened to Belo Corp. in 2002.
On October 1, 2007, Belo announced the separation of its newspaper and television businesses by spinning off its newspaper business to shareholders as the A. H. Belo Corporation, officially completed in February 2008. The television business retains the Belo Corp. name (without the "A. H." initials),[1] with the television business being the legal successor to the prior company.[2]
bama4me
15 years ago
Belo Corp. (Belo) is a pure-play television company.
The Company has a diversified group of television broadcasting operations, including interactive media and cable news operations.
The Company owns and operates 20 television stations reaching more than 14% of United States television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV (MNTV) affiliates, and their associated Websites, in 15 markets across the United States.
Belo manages one television station through a local marketing agreement (LMA). In addition it owns two local and two regional cable news channels and holds ownership interests in two other cable news channels.
On February 8, 2008, the Company completed the spin-off of its former newspaper businesses and related assets, into a separate public company, A. H. Belo Corporation (A. H. Belo).