Why isn't the share price under $10? Huge Debt Loan, Expensive Debt and Huge Losses. On March 23, 2012, Monitronics closed on a $410,000,000 privately placed debt offering of 9.125% Senior Notes due 2020 (the “Existing Senior Notes”). In August 2012, Monitronics completed an exchange of the Existing Senior Notes for identical securities in a registered offering under the Securities Act of 1933, as amended.
On July 17, 2013, an additional $175,000,000 of 9.125% Senior Notes (the “New Senior Notes”) were issued by Monitronics Escrow Corporation (the “Escrow Issuer”), a wholly-owned subsidiary of Ascent Capital. The proceeds from this offering were placed in escrow and were released upon the Closing Date. Upon the Closing Date, the Escrow Issuer was merged into Monitronics and Monitronics assumed the New Senior Notes (the New Senior Notes, together with the Existing Senior Notes, are collectively referred to as the “Senior Notes”). In December 2013, Monitronics completed an exchange of the New Senior Notes for identical securities in a registered offering under the Securities Act of 1933, as amended.
The Senior Notes mature on April 1, 2020 and bear interest at 9.125% per annum. Interest payments are due semi-annually on April 1 and October 1 of each year, beginning on October 1, 2012.
If management would step up and each put $100K down on NQ at $4, the share price would rocket. Why isn't there confidence of management to do so? Spending the Company's cash whenever aint' going to do it.
Unfortuately, oil prices must affect their business. If their clients have declining budgets or go out of business, their sales decline. I don't believe management or others thought that oil prices would hit the $50's.
Just looked at the prospectus for this fund - if you put $10,000 in and the fund appreciates 5%, you pay $874 ! So you lose almost 4% in the first year! This is crazy. Who in the world would buy this fund?
saw this written about. this is a HUGELY expensive fund. Good luck getting suckers to put their money in! Don't think many institutions will sign up. Btw, I'm going by the Yahoo presentation of fees.
Tax Court Spanked ITW yesterday.
If he's a day trader, he's probably on mark to market for tax. Wash sales don't apply to traders on MTM. So nice analysis, but flawed.