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EarthLink Holdings Corp. Message Board

  • accugrowth accugrowth Aug 4, 2014 6:20 PM Flag

    Q2 Report: Revenue Stable and Guidance Improved

    Revenue is stable from Q1 to Q2. That is good news. Expenses are also under control. Guidance for Free Cash Flow for the year was increased by $25 million. That means the dividend is safe and ELNK can begin to pay down some debt.

    The October 2014 Open Interest on Call Option contracts (100 shares each) continued to increase to 79,600 contracts from 72,000 from just last week. That represents 7.9 million ELNK shares with the expectation of a share price over $4 during the next 75 calendar days. The short interest is 9.9 million shares as of July 15. It looks like the shorts have hedged to cover their position. IMHO

    The Institutional holdings for June 30 have not been released yet. I expect that it will show an increase from the 82% reported March 31. That means fewer shares available for retail investors.

    The WIN announcement last Monday that they can create a REIT and remove their debt load applies to ELNK. The written Q2 report does not provide any guidance. I am sure it will be a question on the Conference Call on Tuesday AM. I am looking forward to the details.

    McRed -- your predictions of doom and gloom have not been correct for over 4 months when ELNK hit its 52 week low. It is time to give credit to management, where it is due.

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    • Are you serious? Did you read the earnings statement? Better yet, do you know how to read an earnings statement?

      Declines across the board. Give management thier due? The business declined 3.7% on the "profit center" of managed services. Decline in rev's and cash. How on earth can you read this as a positive report?

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