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Dex Media, Inc. Message Board

  • biggun530 biggun530 Apr 30, 2013 5:33 PM Flag

    What will tomorrow bring?

    King or Still what do you think will happen tomorrow?

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    • Apples or Oranges. I no longer have a clue.
      1. Thought market cap minimum would be around 250mm
      2. Thought shorts would have covered more before conversion.
      3. Thought there would be more time between approval of plan and implementation of merger, specifically due to time delay before actual conversion.

      I know I am beating myself up. I did believe that most creditors would agree with plan and amendments and thought that SPMD may bet 100%. I was right on the money there. I originally swapped to only SPMD to protect myself, but later just bought back DEXO when it was apparent that DEXO would be fine on the creditor approval side. I felt sure that the plan and merger would go through without any major impediments.

      If anything, I am just frustrated that the PPS did not rise much more than it did. Of course, that 250mm valuation could come to fruition in next couple of days and shorts may still be itching to cover. Guess we shall see what the rest of the week brings to us all.

    • up...it was held back today so they could close at the correct pps for distribution purposes.....every move toward $2.40 was met with a large block on the ask...only to be pulled when the stock dipped to $2.37 - $2.38...same on the down side this am...when it dipped it was met w/a large block bid....at $2.34 range...

      but you ask what i think...so here is why i think we are headed higher...

      "Dex Media estimates it will realize approximately $150-$175 million of annual run rate cost synergies by 2015, and expects to preserve access to Dex One’s remaining tax attributes and generate future attributes, in aggregate totaling as much as $1.8 billion, to offset income attributable to the combined company following the completion of the transaction."

      that statement means a lot to the bottom line of PPS...particularly when there are only 17M outstanding....

      and now we are over $5...Mutual Funds and Tutes can/will buy shares...

      Sentiment: Strong Buy

 
DXM
8.68-0.34(-3.77%)Dec 19 4:00 PMEST

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