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Insmed Incorporated Message Board

accugrowth 4 posts  |  Last Activity: Nov 22, 2014 11:48 AM Member since: Oct 16, 1998
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  • Reply to

    Financial Report?

    by cap_1935 Nov 17, 2014 4:50 PM
    accugrowth accugrowth Nov 22, 2014 11:48 AM Flag

    ELNK released an SEC filing this week that sets in motion the ability to pay down up to $30 million of its 8% debit out of the $600 million long term debt obligation using Cash on hand. This is a 5% decrease in the debt load.

    The note specifies that this is not a guarantee that the action will occur. However, this is a further indication that they are confident and their loan administrator agrees. Decreasing the interest payable per year by $2.4 million/year is positive for ELNK longs.

  • Reply to

    Financial Report?

    by cap_1935 Nov 17, 2014 4:50 PM
    accugrowth accugrowth Nov 18, 2014 9:07 AM Flag

    Go to the Earthlink website investor page to find a new Power Point Presentation that describes the company and their opportunities for the future.

    The old CLEC services are expected to decline 11% in revenue; however, the cost of maintaining those services will follow suit. The Managed Network and Cloud Services should grow at 20% - 22% this year. The margins on the new services are higher. The cross to profitability should happen in 2015.

    ELNK is a CASH FLOW story. You are being paid $.20/year or 5% in dividends to wait for the turn around.

    Despite the dire warnings of McRed, the Net Debit for ELNK is improving. They also are considering the sale of some of their hard assets to further reduce the debt load and interest costs. Believe management or follow McRed; investing always has two sides to make a trade.

  • Reply to

    Short Interest in ELNK Still High 8,504,880

    by accugrowth Nov 11, 2014 4:32 PM
    accugrowth accugrowth Nov 13, 2014 9:06 AM Flag

    The Institutions are beginning to report their share holdings for September 30. See the Nasdaq website for details. It is no surprise, given the share price swoon in the 3rd quarter, that the top 15 Tutes holding ELNK shares tended to be sellers of shares.

    The trend at the moment is only a small percentage decrease for each Tute reporting. With the current upswing in the share price, some of these same Tutes may be net buyers during the current 4TH quarther. It is my opinion that it is this group of 15 who are the primary traders in ELNK over the past 2 years and mostly trade shares amoug themselves.

    A low share volume is a positive sign for retail holders of this stock.

    IMHO

  • Short interest in ELNK is still high at 8,504,880 shares of 102 million outstanding as of November 1 per Nasdaq website. The shorts went into the last quarterly report with pessimism. The share price increase since then is handing them a loss.

    The share volume has not been high enough for them to cover yet. Therefore, there will continue to be upward pressure on the share price.

    There is also an indication that ELNK management bought back some shares on Monday. I am expecting some insiders to release Form 4 purchases soon.

    ELNK announced that they are working to identify and sell some hard assets that can help to reduce the debt load and interest payments going forward. You get a better price when you already have plenty of working capital; ELNK announced that they have more now than 3 months ago.

    IMHO

INSM
16.42+0.37(+2.31%)Dec 19 4:00 PMEST

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