Moodys thinks they are doing the right thing with NextRadio and that emms is an innovator. They think broadcasters should gather around NextRadio for scale.
May 5 (Reuters) - Gazprombank has been in talks with Sberbank, Russia's biggest lender, over the acquisition of debts owed by steel and coal producer Mechel , two sources familiar with the situation said on Tuesday.
Mechel, controlled by businessman Igor Zyuzin, had incurred much of its debt before the economic downturn. The company, which employs 72,000 people, has been in talks with its main lenders, including Sberbank, VTB and Gazprombank, over a debt restructuring since 2014.
"The question is, at what price Sberbank will give out the debt," a source said about Gazprombank's talks with Sberbank.
Banks and Mechel declined to comment.
Mechel invested heavily in expansion before the 2008 financial crisis hit demand and then had to sell some of its assets when they became loss-making.
Mechel's net debt stands at around $7 billion.
Last week Russia's Industry and Trade Minister Denis Manturov said Mechel had reached an "acceptable solution" to a debt dispute with Gazprombank. (Reporting by Oksana Kobzeva and Svetlana Burmistrova; writing by Vladimir Soldatkin; Editing by Greg Mahlich)
Difiicult to post a link. Search goggle for Gazprombank mechel and you will see the reuters link published 4 hours ago.
Yes, a bunch. A mistake, maybe. It is meaningless to sell here. If they go to zero I won't be losing much more unless, as man-nature says, it gets expensive holding.
Smuylan could be a "dinosaur"himself, too. Something important to consider. Maybe he makes a move into cable and together with print begins to think of it as a small media conglomerate as opposed to simply radio stations. Then, synergies could be built. As it is, nextradio may take time. And that doesn't include the "if" question as it may never take off.
Well.. the marketing research company concluded that the central motto should be "portable". So perhaps that author understands correctly that "coolness" has no place. Smuylan could be a lil' out of touch here. He aims at something that only "grass-root' movements can accomplish. Maybe he is a bit too old to understand that any initiative that smells corporate will defeat the "coolness" purpose. Aside from this, the author not only writes in an extravagant fashion -with too many words- but may also be missing the important aspect of nextradio of being gentle on both data and batteries. Can this be enough to make it happen? Almost all this type of ventures that made it to market were born by VCs in cahoots with the usual Stanford/Silicon Valley guys. So...
Investing is like this. With passage of time you come to a new understanding and the thing to do is to rethink your strategy.
I too believe nextradio maybe a too little too late type of thing and that the seemingly advantage of being free is not so much. I do listen to radio plenty while I work on my computer but there are many choices with no commercials whatsoever. I listen to earbits a lot just as background music. I wonder how they make their money... providing the music I like and zero ads.
BUT strange things happen in any industry and one day this one may too see the light. Not too long ago airlines were broke and Warren Buffett would badmouth them daily as a poor businesses. Yet with the barrel of oil above $100 they are making coin. They will charge passengers for the toilette paper by-the-inch every time taking a poop is in order. All at 10,000 feet. Can radio come up with ways to squeeze money out of customers the way the airline industry did?
Right now I am not liking this investment too much but would wait for a better opportunity to close my position. And sorry for being a downer but as a long I am frustrated. I still think that radio-wise emms has good properties. What is missing? What is really the problem?
Thanks. I am not sure how much to trust a quantitative approach as those guys have. My best investments have been investing on ONE guy. That ceo that is committed to equity and will leave no stone unturned. Now, I think Smuylan is a far cry of the Henry Singleton's of this world. No doubt he is shrewd. No doubt he understands his field. But he is not for equity, just for himself. So I regret having built a large stake here. Truth is in the world of microcaps and even small caps there are very very few Singleton's. I had great success with Chisholm at FTK. The way he dealt with equity and in particular common equity in the turnaround always showed enormous support for common shares. I was glad I was part of the building/resurgence of that company. I am disappointed on Smuylan. My view is that understanding companies' books is important and whether they show a promising business or not what really, really matters is what the CEO is made of.
To some -or great- extent it trades with the IWC index. The microcaps that were badmouth by Yellen today. So unless there is some good news in the horizon, insider purchases or a move by the CEO this is either dead money as LTF said or something worse.
On the other hand, Smuylan said EMMS trades as the GDP does and GDP is about to improve markedly in the next few quarters. If so, will they have any pricing power to improve margins? I am stuck with my position and buyers are out of sight. Dam it.
Well... I guess I couldn't contain my frustration. Yes, three version to prevent yahoo censorship but I see they don't censor the word masturbate. Considering the bonuses paid "for strong operating performance" yet nothing comes our way you are correct. CEO is no idiot.
He, his company and the industry may be treading water but I do not think that is the real issue. In my view, the issue here is he talks sweet while he doesn't give a dam for creating shareholder value. NextRadio will never deliver the strong profits he envisions some day into the future.
He simply does not want to deal with shareholders. Thus, the staged conference calls where everything is bright. In other words, he is telling you to #$%$ off.
This idiot ceo continues to mastirbate his ego in each and every call with his massively cutting edge performance while never delivering to his shareholders. Everybody is down except his marvelous emms that navigates gracefully through extremely challenging and tough times. Yet, the stock has cratered and stays down. No matter how much amount of ego masterbating he injects into his speech. Man up Smuylan and face your shareholders LIVE and stop trying to miracously transform the Universe with your johnny-come-late schemes! What an idiot.
The only thing he can show is a "research" showing how transformational this nextradio will one day be during this "landmark" quarter that has beaten all possible benchmarks.
Where are the higher revenues (flat ex-purchases) and the accelerating profits?
YOU ARE A FAKE.
There is simply NO buying. Shareholders take advantage of rallies to unload from the microcaps. That is why we see the indexes marching higher while the microcaps go nowhere or go lower. It's horrible.
Funds for these microcaps disappeared on Feb/March RUT correction and never came back. RUT recovered fully but microcaps crashed and stayed down. I am not sure where the money flows were coming from or why they left or if it was all a QE gimmick. It's like liquidity for the microcaps is not there anymore. I read somewhere that the prospects of higher interest rates will negatively impact very small firms.
1. Shareholders get no respect with this type of attitude.
2. He gets to screen questions in advance as opposed to live screwing.
3. He can answer questions anyway that pleases him without having another investor rebuffing.
By now you should get the idea of how easy is a conference call without annoying LIVE analysts and/or investors.
And yes, I have emailed some questions including when will this modus operandi will change.
And yes, the other poster, he is afraid of enemies he made.
"After opening comments, Smulyan and Walsh will respond to questions submitted via email to..."
After many quarters of quasi improvements why does he need to pull this kind of #$%$!
What are you afraid of Mr. Smulyan?