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IDEARC INC Message Board

  • thesamenewguy10 thesamenewguy10 Nov 3, 2008 12:05 PM Flag

    what is the bad?

    I see the company seems to be doing pretty well with earnings (so far) so Im not understanding why the constant drop in price. I see the threat of delisting, but only because of the drop in price (still wondering why). Is it the debt? The debt I have found is'nt really that bad in relation to the earnings coming in. Am I missing something? With so many trying to "save" everyone on these boards, I thought for sure someone might tell me what I'm missing.


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    • the debt _expense_ isn't bad compared to the earnings. the debt total is of course enormous, particularly since assets don't offset.

      IF earnings can stay fairly stable, the stock is worth quite a bit more than current share price. but if the company stubs its toe, it will explode.

      • 1 Reply to misanthropope
      • "If the co. stubs it toe it will explode" ???

        This thing has already exploded - or imploded. It was trading at $35 one year+ ago, so it's already priced like a non-existent business.

        You can find 100's, probably 1,000's of co's with little or no earning trading at insane valuations compared to IAR - which reported a "bad quarter at $.50" and is trading < $.50 ... find a few other examples of $3billion dollar sales with these margins (yes contracting - but this is a slow down/recession). Nearly all co's are adversely effected by this economic climate.

        While $35 is unlikely again, I can't see a justifiable cause for < $6. Just a hypothetical: At $1.20 a year in earnings and 5 multiple - that's "reasonably" priced for a slowing advertising market and a below market PE.

        Some kind of news from the co. that surprises the market, plus some type of normalcy will ultimately return. No quick fixes, patience and a couple years and hopefully we can look back at these prices and wonder why we didn't own all of it!

    • The theory seems to be the revenues will drop forever, so will the the margins, profits and ultimately be followed by losses and inability to service the debt burden. Plus issues with debt covenants on what's in place ... currently. ?? hmmm, why did they announce hiring Merril Lynch and Moelis at the q's???

      IAR has been doing this for decades. The online revenues, though growing, are not sufficient to make up the rate of print - traditional Y.pgs - declines.

      The q's verify - they're still highly profitable even with declining revenue. The stock is priced for the complete demise of a print product. IAR is not a co that will re-create the wheel, but the experts have predicted the demise of print Y.pgs for over 10 years now..... I just seem to get more of them, not less of them! Where's the demise of print Y.pgs? Someone has forgot to tell the people delivering them.

      How many PE's of point something can you find out there? 50 cent quarterly trading at < 50 cents - I think the Wall Street gurus are missing it.

    • Not real informative so far. I thought for sure all the good samaritan's on these boards would swoop in to help.

    • We bought...and now the insiders
      want us out!


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