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Infosonics Corp. Message Board

checkmate39 43 posts  |  Last Activity: Apr 18, 2014 11:00 PM Member since: Nov 27, 2000
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  • checkmate39 checkmate39 Apr 18, 2014 11:00 PM Flag

    Verso & NewPage combined will have over $4 billion in annual revs. Compare VRS/Newpage with a co. that has similar revs...YRCW trucking co. brought in $4.8 billion in revs last year with EPS of -8.96 & has a market cap of 566M Their current stock price is $19. If today VRS had the same market cap of 566M with their current 54M O/S (rounded), with EPS not half as bad as YRCW, the stock today imo would be $10 - $20. Just a crude measuring stick, lots of variables involved etc...but what do I know lol...things are going to get very interesting here...just thinking out loud & passing some time tonight...Happy Easter to all.

    Sentiment: Strong Buy

  • once this merger is complete, this stock will hit the moon imo. Not selling a single share here...GL to all.

    Sentiment: Strong Buy

  • checkmate39 checkmate39 Apr 9, 2014 11:17 PM Flag


    Verso has about 2,100 employees and owns three paper mills in Maine and Michigan with the total annual production capacity of 1.5 million tons of paper and 930,000 tons of pulp.

    Like NewPage, Verso Paper owns a substantial amount of electrical generating capacity, including 450 MW generated by natural gas, 130 MW by biomass and 30 MW of hydroelectric generation.

    Under the proposed acquisition, NewPage Holdings, which owns NewPage’s Wisconsin facilities, will survive an indirect wholly owned subsidiary of Verso Paper.

    Verso will provide NewPage Holdings’ stock owners cash and debt totaling $900 million and make them part owners of Verso Paper by giving them common stock representing about 20 percent of the outstanding shares.

    The total value of the acquisition, including the refinancing of about $500 million of NewPage Holdings’ debt, is about $1.4 billion.

    The Wisconsin Paper Council supported the acquisition in a March 18 letter to the PSC.

    On Thursday, the U.S. Department Justice announced it wanted more information from Verso and NewPage regarding the transaction, which also is subject to review by the Federal Trade Commission.

    Sentiment: Strong Buy

  • MADISON — The Wisconsin Public Service Commission has approved Verso Paper Corp.’s $1.4 billion acquisition of NewPage Corp., one of the regulatory hurdles the transaction must clear.

    Verso and NewPage requested the PSC grant the combined companies an exemption from certain provisions the state’s holding company statute, which among other things, prohibits a single person from owning more than 10 percent of the voting stock of a public utility.

    Sixty-eight percent of Verso’s outstanding common stock is held by Apollo Global Management LLC, an investment fund, according to the PSC order issued Thursday.

    The firms sought exemptions the PSC granted NewPage when it acquired Stora Enso North America in 2007. Stora Enso previously had acquired Consolidated Papers Inc. of Wisconsin Rapids.

    Verso and NewPage stated the acquisition will not affect direct ownership of the former Consolidated Papers operations or the PSC’s regulation of Verso and the holding company system NewPage would join.

    The PSC granted exemptions from provisions of the holding company statute after determining it met the statute’s language of being “in the best interests of utility customers, investors and the public.”

    According to the PSC order:

    “The acquisition should result in a stronger, more competitive paper company with a stronger capital structure.”

    Memphis-based Verso and NewPage stated they would emerge as “a larger, more efficient and financially stronger North American printing and specialty paper manufacturer, which will continue to have sizable operations and a substantial number of employees in Wisconsin.”

    The PSC would retain jurisdiction over Consolidated Water Power Co., a public utility, which provides electric service to the village of Biron and NewPage paper mills in Stevens Point, Biron and Wisconsin Rapids. Consolidated Water Power Co. also owns and operates five hydroelectric generating facilities on the Wisconsin River, which have a total generating capacity of about 33

    Sentiment: Strong Buy

  • from the Federal Energy Regulatory Commission and NewPage has closed its new $750 million term loan facility and new $350 million ABL facility, each of which is a condition to closing the transaction. The parties continue to expect the transaction to close during the second half of 2014.

    Sentiment: Strong Buy

  • checkmate39 by checkmate39 Apr 3, 2014 12:17 PM Flag

    From Wikipedia, the free encyclopedia

    In United States antitrust law, a second request is a discovery procedure by which the Federal Trade Commission and the Antitrust Division of the Justice Department investigate mergers and acquisitions which may have anticompetitive consequences.

    Legal basis

    Under the Hart-Scott-Rodino Antitrust Improvements Act, before certain mergers, tender offers or other acquisition transactions can close, both parties to the deal must file a "Notification and Report Form" with the Federal Trade Commission (FTC) and the Assistant Attorney General in charge of the Antitrust Division.

    If either the FTC or the Antitrust Division has reason to believe the merger will impede competition in a relevant market, they may request more information by way of "Request for Additional Information and Documentary Materials", more commonly referred to as a "Second Request".

    Substance of request

    A typical second request asks to gather information about the sales, facilities, assets, and structure of the businesses which are party to the transaction. This frequently requires a large amount of documents to be produced, and law firms representing parties to a transaction in which a second request has been issued often must hire contract attorneys to review all the documents involved.

    Parties to a transaction who feel that the second request is unnecessary or needlessly duplicative of information discovered earlier may appeal to either the FTC or the Antitrust Division (whichever agency issued the request).

    Sentiment: Strong Buy

  • Reply to

    up 8% AH. ????????

    by pyungkukchoi Mar 27, 2014 4:16 PM
    checkmate39 checkmate39 Mar 28, 2014 8:57 AM Flag

    Not so much selling pressure as it was manipulation toward the end imo. Very heavy buying all day yesterday.

    Sentiment: Strong Buy

  • checkmate39 checkmate39 Mar 27, 2014 11:32 AM Flag

    bump FYI.

    Sentiment: Strong Buy

  • Check SEC form 4 filings.

    Sentiment: Strong Buy

  • Nowhere have I read that the merger is dead, so the negotiations must be ongoing. Any positive news & this shoots back into the $5 range. I added more last Friday. GL, hold 'em strong.

    Sentiment: Strong Buy

  • Reply to

    Heavy buying into the close this past Friday.

    by checkmate39 Mar 1, 2014 4:40 PM
    checkmate39 checkmate39 Mar 6, 2014 11:29 PM Flag

    Weak hands sold today, shares changed hands. This will go back up tomorrow.

    Sentiment: Strong Buy

  • Smart if you buy, not so smart if you sell. Jmho. GL!

    Sentiment: Strong Buy

  • checkmate39 by checkmate39 Mar 1, 2014 4:37 PM Flag

    Consummation of the exchange offers would permit the merger with NewPage to be completed and would, Verso believes, deliver value to holders of Second Lien Notes and the Subordinated Notes 'SUBSTANTIALLY IN EXCESS' of the value they would realize in the absence of the merger.

    Imho, I have to agree...once this merger gets done, VRS will be one of the top stocks of 2014, if not THEE top stock of 2014. Hard to understand the snag here if both sides are working to become one. Let's get this done VRS...make it happen for the greater good. Lots of eyeballs on this merger.

    Sentiment: Strong Buy

  • Reply to

    Verso exploring all options

    by checkmate39 Mar 1, 2014 6:56 AM
    checkmate39 checkmate39 Mar 1, 2014 6:56 AM Flag

    enable them to trade freely in the Second Lien Notes and other securities of Verso. Given these facts, Verso questions the timing and content of the disclosure made this morning by the Restricted Second Lien Holders and questions whether they are interested in consummating an exchange offer or simply trading out of their securities at premium prices.

    Verso continues to believe that the consummation of the exchange offers is in the best interests of all Verso stakeholders, including the holders of the Second Lien Notes and the Subordinated Notes. Consummation of the exchange offers would permit the merger with NewPage to be completed and would, Verso believes, deliver value to holders of Second Lien Notes and the Subordinated Notes substantially in excess of the value they would realize in the absence of the merger. Verso has notified NewPage of its failure to consummate the exchange offers and is exploring all options.'

    Sentiment: Strong Buy

  • ...'Prior to the expiration of the exchange offers, the Board of Directors of Verso and its representatives had engaged in a dialogue with certain holders purporting to beneficially own approximately 30.86% of the outstanding principal amount of the Second Lien Notes (the "Restricted Second Lien Noteholders"). In its efforts to be constructive and work toward exchange offer terms that would be mutually agreeable to all parties involved, Verso considered potential improvements to its initial offer in its discussions with the Restricted Second Lien Noteholders. These improvements included offering better terms on the exchange offer with respect to the exchange ratio, coupon on the New Second Lien Notes, and other terms that it believed would provide Second Lien Noteholders with a value that represented a substantial premium to the price of the notes prior to the launch of the exchange offers.

    Nonetheless, the Restricted Second Lien Holders demonstrated an unwillingness to engage in constructive dialogue, despite the fact that, based on market quotations, the Second Lien Notes have already appreciated in value by approximately 80% (representing approximately $101 million in value creation to the Second Lien Noteholders) since the announcement of the proposed merger with NewPage Holdings Inc. ("NewPage"). The Restricted Second Lien Holders repeatedly demanded terms for the exchange offers that, Verso believes, would not have enabled Verso to consummate the exchange offers in a manner that satisfies the conditions to its previously announced Merger Agreement, dated January 3, 2014, by and among Verso, Verso Merger Sub Inc. and NewPage.

    The communications from the Restricted Second Lien Holders further indicated that if Verso did not agree to effect the exchange offers substantially on the terms proposed by the Restricted Second Lien Holders, then the Restricted Second Lien Holders would immediately seek to disclose confidential information in order to...

    Sentiment: Strong Buy

  • Market: Packaging Paper

    Feb 28, 2014. /Lesprom Network/. NewPage Corporation introduced FlexPack Essential™, the newest member of their comprehensive family of flexible packaging papers designed for lamination and extrusion applications in food and medical packaging, as the company said in the press release received by Lesprom Network. Designed for flexible packaging requiring a smooth, semi-gloss finish and Food and Drug Administration (FDA) compliance for food contact, FlexPack Essential works with emulsion, solventless and solvent laminations, and is available in a variety of basis weights from 22.5 – 55 lb. (3000ft2). Further, FlexPack Essential's rigidity and on-the-shelf performance offers brand owners a more sustainable flexible packaging option when compared to traditional film substrates. "Consumers are demanding more responsible packaging," said Jim Sheibley, director of business and product development for specialty papers. "With the creation of FlexPack Essential, NewPage offers brand owners the ability to add more renewable content to their flexible packaging without compromising on-the-shelf performance." NewPage is a leading producer of printing and specialty papers in North America. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper. The company's portfolio of paper products includes coated, supercalendered and specialty papers.

    Sentiment: Strong Buy

  • Reply to

    play mate, r u leon in disguise?

    by jack1ok Feb 27, 2014 11:41 PM
    checkmate39 checkmate39 Feb 28, 2014 1:04 AM Flag

    I'm just an investor, that's go away u little pest lol.

    Sentiment: Strong Buy

  • expiration date for their previously announced exchange offers and consent solicitations with respect to their outstanding 8.75% Second Priority Senior Secured Notes due 2019 (the "Old Second Lien Notes") and 11 3/8% Senior Subordinated Notes due 2016 (the "Old Subordinated Notes")

    So, I think we should be hearing something about this tomorrow. Any positive news & this stock will climb to at least where it was over $5+ when this merger was originally announced. Jmho GL.

    Sentiment: Strong Buy

  • Joe CoglianoSenior Reporter- Dayton Business Journal

    NewPage posted a $2 million loss in 2013.

    The Miami Township-based paper manufacturer — which is in the midst of being sold — reported the loss Wednesday. That compares to a nearly $1.3 billion profit in 2012 as the company prepared to emerge from Chapter 11 bankruptcy.

    In a filing with the U.S. Securities and Exchange Commission, NewPage officials blamed the decrease mostly on items related to the bankruptcy reorganization. That includes a $759 million loss on fresh start revaluation.

    Sales for NewPage in 2013 were slightly more than $3 billion, a decrease of $77 million, or 2 percent, compared to 2012. That drop was mostly a result of lower sales volume of paper and lower average paper prices, partially offset by improved mix.

    NewPage sold slightly more than 3.3 million tons of paper in 2013, down from 3.4 million tons in 2012.

    Other notables from the NewPage filing include:
    • The company’s corporate headquarters lease expires in 2019; and

    • Failure to complete its sale to Memphis-based Verso Paper Corp. could cost either company as much as $27 million.

    Last week, NewPage sent a letter that basically told Verso to get its debt squared away by closing.

    NewPage has about 6,000 total employees, including 350 in the Dayton-area, and is the largest coated paper manufacturer in North America. Most of its good jobs are expected to leave this area after the sale is complete.

    Sentiment: Strong Buy

  • MIAMISBURG, OHIO — NewPage Holdings Inc. on Wednesday announced its results of operations for the full year 2013.

    Net sales for 2013 were $3.054 million compared to $3.131 million for 2012, a decrease of $77 million, or 2 percent.

    On a year over year basis, net sales primarily were affected by lower sales volume of paper and lower average paper prices, partially offset by improved mix.

    For the full year, net loss was $2 million in 2013 compared to net income of $1.258 million in 2012. The decrease was primarily the result of reorganization items, net, partially offset by improved gross margin.

    Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, was $269 million in 2013 compared to $238 million in 2012.

    Price per ton of paper was $891 in 2013, down from $901 in 2012. Total paper in hundreds of tons was 3.318 in 2013, down from 3.71 in 2012. Market-related downtime in hundreds of tons was 69 in 2013, up from 34 in 2012. The gross margin was 6.2 percent in 2013, up from 3.7 percent in 2012.

    NewPage closed the year with total liquidity of $400 million, consisting of $317 million of availability under the revolving credit facility and $83 million of available cash and cash equivalents.

    Cash from operating activities was $116 million during 2013 compared to $3 million during 2012, primarily the result of lower cash requirements for interest and other bankruptcy-related activities as a result of emerging from Chapter 11 proceedings, as well improved gross margins driven by cost reductions.

    Capital expenditures for 2013 were $75 million compared to $157 million in 2012. Capital expenditures in 2012 included $54 million associated with the purchase of paper machine No. 35, previously under a capital lease pursuant to the Chapter 11 plan.

    “We were able to offset the impact of lower prices with improvements in productivity and cost-saving measures to increase adjusted EBITDA by 13 percent compared to 2012. Our year over year improvement

    Sentiment: Strong Buy

2.84+0.05(+1.79%)Apr 17 4:00 PMEDT

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