Much obliged for the response. I looked over the thread really quick and love the opposing feedback. I am traveling but i will definitely look over it again as I didn't give the read full thought it deserve that much give the time you put into writing. I like the points made. Much obliged again.
book value, based on third quarter 10Q, is -53 million. It does need to be revised to 26 million book value due to debt pay down at 70% of par. Those who are negative about the "Stock" and the company need to provide better information.
Qtrly Revenue Growth is -42.90%. The book value per share is -$3.42 due to the debt. You can't compare this with GM. GM is much healthier than this one. This stock is moving based on the pure speculation.
I agree with the statement as there has been much evidence shown by how poor the ratings agencies have rated bonds. I.E. mortgage backed securities. I have assessed Supermedia's ability to pay off the bonds over time and believe it is fair to say that they will be able to do some surprising things involving their debt given the lack of certainty toward the future. And with the high certainty i believe the price won't be so available at 12.