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Nintendo Co. Ltd. Message Board

danashenfelter 26 posts  |  Last Activity: Jan 27, 2016 3:31 PM Member since: May 3, 2010
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  • Reply to

    Next Move

    by daninfw04 Nov 11, 2015 12:37 PM
    danashenfelter danashenfelter Nov 11, 2015 3:17 PM Flag

    I have 5100 shares at an average price of $14.82. I'm thinking about adding an additional 3,000 shares at this current $15.50 area. Do you think that is a good move?

  • Reply to

    Next Move

    by daninfw04 Nov 11, 2015 12:37 PM
    danashenfelter danashenfelter Nov 11, 2015 4:16 PM Flag

    Thanks for the info daninfw04! I added 3,244 @ $15.41 so my average now is $15.10 on 8,360 shares.

  • Reply to

    Bidding War

    by daninfw04 Nov 16, 2015 2:01 PM
    danashenfelter danashenfelter Nov 16, 2015 2:29 PM Flag

    What I can't understand is why there were a lot of shares sold this morning as low as $15.13. Who in their right mind would sell after reading this news? Seems to me, if anything, it's time to buy before the higher price that's surely to come.

  • Reply to

    Bidding War

    by daninfw04 Nov 16, 2015 2:01 PM
    danashenfelter danashenfelter Nov 16, 2015 2:41 PM Flag

    I guess I was looking for a logical explanation while I disregarded the laziness of many people to actually read the details. Shaking my head!

  • danashenfelter danashenfelter Nov 17, 2015 3:16 PM Flag

    So what's your problem? Just short it and you will then be a happy troll.

  • danashenfelter danashenfelter Nov 20, 2015 5:18 PM Flag

    The only shares that are tanking are your short shares! Provided, of course, if you actually have any money to even participate in the stock market. The answer to that is probably no!

  • Reply to

    danashenfelter why so quiet?

    by bostonsonics Nov 23, 2015 3:55 PM
    danashenfelter danashenfelter Nov 23, 2015 6:48 PM Flag

    Maybe you haven't seen the chart. It's clearly in an upward trend.

  • Just do the opposite of this stooge and you will have the odds on your side!

  • danashenfelter danashenfelter Nov 25, 2015 4:22 PM Flag

    Were you unable to find the New York Post article Monday that Meredith's new counter proposal may takes "a few weeks"? Google it.

  • Reply to

    bagholder danashenfelter why so quiet?

    by bostonsonics Dec 7, 2015 11:39 AM
    danashenfelter danashenfelter Dec 7, 2015 2:59 PM Flag

    Because I don't generally keep responding to negative posters when they don't have any credible info to back up their negative posts.

  • Reply to

    Value Investor and Media Trader

    by daninfw04 Dec 8, 2015 6:16 PM
    danashenfelter danashenfelter Dec 8, 2015 9:55 PM Flag

    From the New York Post on Tuesday evening.
    Nexstar Broadcasting Group has sweetened its offer for rival TV station operator Media General, The Post has learned.

    Nexstar raised its bid by almost 17 percent to just under $17 a share in the last several days, a source said, adding that Media General has not yet responded to the latest offer or made it public.

    Nexstar made an unsolicited proposal to buy Media General for $14.50 per share in cash and stock on Sept. 28. At the time, Media General rejected the deal, saying it significantly “undervalues” the company.

    But under pressure from activist investor Starboard Value, Media General’s board said last month it was open to a higher offer and would hold merger talks with Nexstar while still backing an existing agreement to buy Meredith Corp.

    There is a three way tug-of-war between the TV station owners as they seek to get bigger and increase their leverage in negotiations with cable and satellite providers over so-called “retransmission fees.”

    “They should have said they received a second bid,” said a Media General shareholder, who was not aware of the new offer. “Not being up front is the continuation of a pattern.”

    In August, Nexstar made a nonbinding offer to buy Media General for $17 a share before going public with a lower, unsolicited offer the following month, according to Nov. 25 regulatory filing from Media General, which means the board didn’t disclose Nexstar’s first proposal until after directors had voted 7 to 4 on Sept. 7 to pursue a deal to acquire Meredith.

    Media General declined to comment. Nexstar did not return calls.

    Nexstar Broadcasting Group has sweetened its offer for rival TV station operator Media General, The Post has learned.

  • Reply to

    $17.03+

    by daninfw04 Dec 9, 2015 9:15 AM
    danashenfelter danashenfelter Dec 9, 2015 9:34 AM Flag

    $17.03 is right because the rejected deal consists of $11.00 cash + 0.1024 shares (58.91 x 0.1024= 6.03) = $17.03

  • Reply to

    MEG News Release

    by mediatrader Dec 9, 2015 5:51 PM
    danashenfelter danashenfelter Dec 9, 2015 5:57 PM Flag

    Media General, Inc. (NYSE: MEG; www.mediageneral.com) (“Media General” or the “Company”) today commented on Nexstar Broadcasting Group’s (“Nexstar”)(NXST) statement:

    "Media General’s Board of Directors is focused on maximizing shareholder value, and we have been negotiating in good faith with Nexstar over the past several weeks, with the goal of reaching an agreement that adequately reflects the inherent value in Media General, as well as the synergies that would result from such a combination. Our Board remains open to discussing and reviewing an improved proposal from Nexstar that would appropriately value the Company.

    In a December 6, 2015 letter to Nexstar, Media General clearly communicated the unanimous view of our Board that Nexstar’s current proposal to acquire Media General for $10.54 in cash and 0.1024 of a Nexstar share materially undervalues Media General and its prospects and is not in the best interests of Media General’s shareholders. Based on Nexstar’s closing stock price on December 8, 2015, the current proposal represents a value of $16.31 per Media General share. Rather than improving its initial August 10, 2015 proposal of $17.00 per share based on our joint synergy work and to reflect the improved valuations in the media and TV broadcasting sectors since August 2015, Nexstar continues to reiterate its current proposal that reflects a discount to its August 10, 2015 proposal which was unanimously rejected by the Media General Board of Directors at the time.

    The current proposal reflects a multiple of projected 2015E/2016E average-year post-synergy EBITDA for Media General of only 8.2x (based on consensus estimates) and implies greater than 50% free cash flow accretion to Nexstar’s shareholders. Additionally, as we have discussed during our due diligence sessions with Nexstar, our business is gearing up towards a strong 2016 political year and promising retransmission repricings, which are a big source of growth in our projected cash flows. De

  • Reply to

    MEG News Release

    by mediatrader Dec 9, 2015 5:51 PM
    danashenfelter danashenfelter Dec 9, 2015 6:13 PM Flag

    Part 2
    Despite these significant financial and strategic benefits that Nexstar and its shareholders would gain from a combination with Media General, Nexstar refuses to properly price the combination and materially improve its view on value. Our Board believes that a change in control transaction at the proposed valuation levels does not properly compensate our shareholders for the financial and strategic value Media General would bring to a combination with Nexstar.

    In its December 6, 2015 letter, Media General explicitly asked Nexstar to provide its ‘best and final’ proposal to Media General. Rather than providing a revised proposal and continuing private negotiations, we are surprised that Nexstar issued today’s press release reiterating its previous proposal which our Board had already unanimously rejected. We note that it is unclear from Nexstar’s press release if its current proposal is indeed its best and final proposal."

    As previously announced on September 8, 2015, Media General entered into a definitive merger agreement with Meredith Corporation under which Media General will acquire all of the outstanding common stock of Meredith in a cash and stock transaction. The Board of Directors of Media General continues to recommend the proposed transaction with Meredith.

  • Reply to

    NY POST

    by daninfw04 Dec 10, 2015 9:27 AM
    danashenfelter danashenfelter Dec 10, 2015 10:08 AM Flag

    Nexstar Broadcasting Group is planning to take its fight against Media General to the boardroom if the two sides can’t agree to merge, The Post has learned.

    The 11-member Media General board, which in September recommended an offer to buy Meredith, the magazine and broadcasting company, unanimously rejected Nexstar’s improved $16.31 a share bid, or $2.1 billion, on Wednesday. All three own TV stations.

    The company has been delaying Nexstar hoping Meredith would propose an offer to buy it, sources said. But Meredith has had a difficult time putting a deal structure together, a source said.

    Nexstar is eyeing Media General’s board nominations that start on Dec. 28, as a prelude to mounting a challenger slate in a proxy battle.

    The enhanced offer includes a provision that would allow Media General shareholders to keep the profits from selling spectrum in a government auction that could net investors an additional $1.50 a share.

    Nexstar may make a better offer of roughly $17 a share before the Media General board meets on Thursday, two sources close to the situation said.

    “By no means is Nexstar walking away. However, they are frustrated,” a source said.

    Shareholders have made it clear they will not approve the standing $2.4 billion deal in which Media General buys Meredith.

    The fresh offer would force the Media General board into a difficult position. Shares have risen from $11.15 on Sept. 28 when Nexstar announced its unsolicited bid of $14.50 a share. The stock fell 10 cents, to $14.48, on Wednesday.

    “Our board remains open to discussing and receiving an improved proposal from Nexstar that would appropriately value the company,” Media General said.

    One Media General investor said he no longer trusts the directors. “I fear this board will not make the right decision.”

    FILED UNDER

  • Reply to

    Today

    by daninfw04 Dec 21, 2015 1:30 PM
    danashenfelter danashenfelter Dec 22, 2015 9:59 AM Flag

    Didn't MDP say they were not going to make a competing offer a week or so ago? I thought I read that in probably a NY Post article.

  • Reply to

    Article

    by daninfw04 Dec 22, 2015 9:23 PM
    danashenfelter danashenfelter Dec 23, 2015 8:14 AM Flag

    New York Post article dated 12-23-15 says Nexstar and MEG are getting closer to a $2B deal. "The gap has closed and they are getting closer", two sources close to the situation said Tuesday. "Meredith will have 4 business days to match".

  • Reply to

    Article

    by daninfw04 Dec 22, 2015 9:23 PM
    danashenfelter danashenfelter Dec 23, 2015 9:25 AM Flag

    The article said 4 business days but point well taken.

  • danashenfelter danashenfelter Jan 7, 2016 9:16 AM Flag

    You silly boy!

  • Reply to

    Congrats longs

    by value_invstr Jan 7, 2016 9:14 AM
    danashenfelter danashenfelter Jan 7, 2016 9:21 AM Flag

    Our patience has apparently paid off!

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