Meant continue on as a debt free profitable Nextel Brazil ... trying to post on the fly, sorry
It is not a fantasy to point out that are several ways to restructure debt ... I have always said the solution I'm hoping for is the sale of Nextel Mexico and continue on as a debt free profitable Nextel Mexico (or a partnership) ... if you can create fear by discussing the debt for equity option (which would likely still raise shareprice from current level) then I can mention bond holder haircuts ... they are both pure wild speculation at this point
Right! And, getting .60 on the dollar when the bonds are currently trading at .40 on the dollar is "in their best interest" (rather than go bankrupt and lose even more) ... especially after they've already made a killing on a short position and loaded up with common at a buck a share ... bondholder haircuts happen all the time in the real world ... simply googlify it
Don't really get your game michelle ... there is no war going on here ... we lost, shorts won (for now) ... nobody is denying that ... if you have fun rubbing it in then why don't you go push a small kid in front of a bus ... seems like that may be just as fun and you get to watch the dramatic results ... we're hurting but the chips are still on the table ... some of us have not given up yet ... some of us see some remaining potential ... some shred of hope to hang onto ... at this point, the money I get from selling is not worth much so I'll ride it into the ground ... if they restructure the debt with a bondholder haircut or renegotiate the loan terms or sell off assets or sell the company, the move will be dramatic ... not 2% but 200% ... until then, you're just wasting your time here ... go kick an old lady
Sold every single share ... which is not something I would normally do ... congrats and glta
Have a great weekend!!
cccbondguy ... you're too funny ...ha! "Debt Restructuring" comes in two primary forms: (1) debt for equity swaps (not likely); or, (2) Bondholder haircuts
Can't you tell from the selloff in bonds that the bondholder haircut is coming ... funny that the recent article was even amazed by the current bond pricing calling it "default level" ... you see, the bondholders likely shorted the common ... in other words, they already made a killing on their short ... now, they are likely accumulating a long position in the common ... next they agree to a debt restructuring by taking a bondholder haircut of say .60 on the dollar (please note that bonds are currently trading at .40 on the dollar) ... so, NIHD reduces debt on their balance sheet by 40% ... bonds rally from current levels, common rallies, bondholders win, shareholders win ... retail shorts lose
My point is that there is certainly more than one way to restructure debt ... a bondholder haircut is more likely than a debt for equity swap imho
What is soo sad about how you feel and the overall market impression of NIHD is that their "liquidity problem" is mostly due to them trying to aggressively fix their problems caused by Sprint's iDEN shutdown ... they have been forced into spending hundreds of millions on network restructuring in a very short time period ... now, as the majority of work has been done and their subscriber base in Mexico is within months of possibly stabilizing they find themselves with a $1 stock price and bonds trading at .40 on the dollar ... with a "stabilizing subscriber base, a large Spectrum portfolio, $4+ billion in revenue, and $2.9 billion in cash they have options ... Let's see what you got ... Show us the money!
Great news ... Mexico is wide open for mergers and acquisitions with these new reforms passed ... I say sell Nextel Mexico but I suspect Shindler is looking at selling a stake to a new partner ... either way, even more options today than yesterday ... glta
Or, sell Sprint 50% of everything and continue on as a debt free Sprint partner in Latin America ... many options
Televisa offered $1.44 Billion for 30% of Nextel Mexico in 2010 ... that equates to $4.8 billion for 100% of Nextel Mexico (in 2010) ... only now they are 3G and own more Spectrum ... in addition, Mexican telecom reform is underway ... Nextel Mexico is worth more than $5 billion (conservatively) ... most likely to Sprint who wants to carry tri-band Sprint Spark down to Latin America (eventually) ... NIHD CEO Shindler is on record saying he is "willing to sell Nextel Mexico or Brazil" to solve their problems ... sell Nextel Mexico and continue on as a debt-free, profitable Nextel Brazil ... the pieces are all right there in from of you ... yes, they manipulated the price to this extreme level ... yes, they are accumulating now ... they are bullies ... profit from it ... heck, I earn more per year in salary than Shindler ... his compensation is mostly common stock .. you think he's happy about this? You think he is going to do something about it? Count on it ... nobody wants to be broke and depressed by summer ... big, dramatic things coming
Oh yeah, this is a Yahoo message board ... so, act like it ... just had to add that for old times sake ... take care Odie
Sing it to a banjo tune and I'll buy the record ... so poetic ... as usual ... I enjoy Scotch as well but it is a bit too refined ... hmmm, that seems familiar
The brown kind ... although Woodford Reserve is my favorite ... you?
Big difference between being a "partner" and "owning" unregulated market participation
Hmmmm, I thought that they had already split internally and were considering spinning off the unregulated markets ... to whom I have no idea ... in any case, Zynga absolutely wants no part of that ... so, that is the trigger
I thought they already did the split between unregulated and regulated markets ... didn't they?
They laughed at all or our RMG hallucinations ... which was strange because everyone knew this was coming ... now we will have to listen to Motley Fool tell us again how (1) Zynga will not be able to compete in the world of RMG, and (2) there is no real money to be made in online RMG because of competition and required casino agreements (they will claim that the casino makes all the real money from any partnership) ... be ready for it ... also, be ready for WYNN partnership announcement and bwin acquisition ... now that we are well above $5, the bwin acquisition is around the corner ... that will make ZNGA the largest social and RMG casino game company in the world (and, that includes sports betting btw) ... $10 by the end of the year (easy)
Thanks Peter ... that's what I was looking for ... the Bloom IPO is most likely a big driver for this sudden move higher ... as much as I would like to believe it has to do with a major contract in China due to poor air quality, the move is across the entire sector ... which makes me believe that it is a lot of PLUG tailwind but also the upcoming Bloom IPO ... thanks for pointing us in that direction ... do you know who is handling that IPO btw?