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U.S. Concrete, Inc. Message Board

daninfw04 5066 posts  |  Last Activity: 4 hours ago Member since: Mar 23, 2004
  • Reply to

    For those of you following SD....

    by sdrsmiths 4 hours ago
    daninfw04 daninfw04 4 hours ago Flag

    There will be much M&A. Lots of articles out now. Most thinking is that BOD's won't accept low offers as these stocks have just recently crashed. Once the mindset sets in and they believe these prices are to stay for awhile.....we will see a lot of M&A. The longer they stay low, the cheaper they can be bought for. Smart money knows this isn't a short term situation. They have patience and so do I. DaninFW

  • Reply to

    For those of you following SD....

    by sdrsmiths 4 hours ago
    daninfw04 daninfw04 4 hours ago Flag

    His actual comment was something more like "Sandridge could be in trouble if oil prices stayed low for several years". That is also true for the entire sector. He is buying Atlas because it is getting bought out for stock exchange and the numbers look good for conversion. I still like SD around $1.50 or less in this market. DaninFW

  • Reply to

    Downgrade

    by daninfw04 Dec 16, 2014 8:50 AM
    daninfw04 daninfw04 Dec 16, 2014 2:15 PM Flag

    Analysts have to deal with facts. Spectrum is still uncertain. The MM took EVC down this morning and took out all stops to $6.41. There does not appear to be any weak hands left below $7.20 now.........Evercore are idiots. I am very familiar with them. I would not be surprised if this wasn't orchestrated. The big buyer got over a half million cheap shares this morning. DPTR once hired them as financial advisors and were forced to file bankruptcy.........DaninFW

  • Reply to

    Today

    by daninfw04 Dec 16, 2014 10:23 AM
    daninfw04 daninfw04 Dec 16, 2014 12:05 PM Flag

    I didn't look at Level 2. It actually showed up as 101,800 bid at $6.87 on my Charles Schwab quote. They nibbled at it and before EVC went back up it was still 99,000 at the last quote bid at $6.87......someone fed a few thousand shares to the bid. It was there for over ten minutes because it would trade a few hundred at $6.87 and then bounce to $6.89-$6.90 and then fall for a few seconds, etc. It was there. DaninFW

  • Reply to

    Valuation and spectrum sales

    by martelxo92 Dec 15, 2014 2:29 PM
    daninfw04 daninfw04 Dec 16, 2014 12:02 PM Flag

    Your post is almost identical in capsule to what I have been saying for months now. EVC is most undervalued stock in sector and worth more dead than alive. DaninFW

  • daninfw04 by daninfw04 Dec 16, 2014 10:23 AM Flag

    Last 200,000 shares have traded in narrow range of $6.88 to $6.91 and now there is a bid of 102,000 shares at $6.87......might be 3 million shares today at this rate. DaninFW

  • Reply to

    Golden cross

    by wilib914 Dec 15, 2014 10:42 PM
    daninfw04 daninfw04 Dec 16, 2014 9:42 AM Flag

    Looks like Evercore used the golden cross to downgrade EVC. I tried to buy another 60,000 at $6.45 but it bounced too quick. I bet the Big Buyer is drooling right now. DaninFW

  • daninfw04 by daninfw04 Dec 16, 2014 8:50 AM Flag

    Evercore ISI downgraded EVC from buy to hold this morning. Will be interesting to see if the buyers are still there......looks like opening down this morning. Market weak as well. DaninFW

  • daninfw04 by daninfw04 Dec 15, 2014 6:56 PM Flag

    There is a new post on MEG message board by Martel that is well worth the read. He hasn't posted but twice in last few years. He is an industry insider that used to contribute great posts on BLC in particular. Great insights. DaninFW

  • Reply to

    Valuation and spectrum sales

    by martelxo92 Dec 15, 2014 2:29 PM
    daninfw04 daninfw04 Dec 15, 2014 6:53 PM Flag

    Great post. Glad to see you active again after all these years. I have done similar research on EVC and see literally BILLIONs for EVC. Any thoughts on EVC spectrum value? I posted a lot of particulars months back. I would also add......who do you think are the takeover candidates? I hear EVC, GTN and NXST. DaninFW

  • daninfw04 by daninfw04 Dec 15, 2014 5:00 PM Flag

    Looks like a lot of support at $7.10 and we had a big seller dumping every time EVC would move up 2-3 cents. Someone was buying every block. This morning we were moving 6 cents on 100 shares. Looks like main buying range was $7.15 to $7.18 like on Friday. I heard from two of you privately today that told me you sold. Glad you did well. I sold about 20% of my position last week at $7.10 and still holding the rest but that could change quickly. IMVHO EVC I setting up to pop or drop 50 cents next day or so...........overall market extremely weak and EVC has been solid. Not sure how long that can last if market weakens. The LIN/MEG merger was approved Friday as I said before but also the Scripps/Tribune merger was approved Friday. As already mentioned by Salsam222, EVC is a ripe takeover target possibly. But, so is NXST and GTN. I think GTN is worth a look in the 9's and may move some money from EVC to it. Just FYI. GLTA DaninFW

  • Reply to

    Big Buyer/ Possible Acquirers

    by matts4 Dec 12, 2014 9:36 AM
    daninfw04 daninfw04 Dec 13, 2014 11:02 AM Flag

    CEO is about 65 and the MEG/LIN merger filed for in March just got approved yesterday and final 12-19-14. That's 9 months......if someone is buying EVC to peddle spectrum it has to be done very soon if auction stays on schedule. DaninFW

  • Reply to

    Big Buyer/ Possible Acquirers

    by matts4 Dec 12, 2014 9:36 AM
    daninfw04 daninfw04 Dec 13, 2014 10:39 AM Flag

    When we look at current numbers for EVC they would make another 2 cents per share if a company bought out and fired the CEO. He gets $2 million+/- a year. Then eliminate all the other positions, eliminate duplicate functions, buildings, etc. and FCF would probably jump from $65-70 million to $85-90 million. DaninFW

  • Reply to

    Thoughs

    by daninfw04 Dec 13, 2014 9:59 AM
    daninfw04 daninfw04 Dec 13, 2014 10:33 AM Flag

    Not an expert in this area but have read dozens of articles. First, let me say the government is leasing to the broadcasters so they can deliver "free" over the air tv which many question the need to continue......The SBGI presentation asks why broadcasters are treated differently than competitors. Well, the telecoms own their spectrum. The 7 years licenses in the past have just about been a given to renew. It's usually about a 6 month period where the FCC solicits public comment, etc. However, if you go back and google a few months back, there are many articles where the lawyer that sued the tobacco industry is now threatening to sue the individual broadcast stations that show the Redskin games. There is actually a moral clause that could be triggered and the lawyer is threatening to challenge the renewals to put pressure on the Washington Redskins. Experts said it could cause a delay of 18 months of longer to get the renewals if that happened. But, if this happened it would cause the banks to pull credit as bank covenants would be triggered due to uncertainty and financing could dry up for those broadcasters. I could go on but I think you get the point. The whole renewal evolves around free tv.when over 90% is watched via other means anyway. The world is changing. I often think if I owned a piece of property and I charged someone rent of $800 a month and their contract was up.......and someone was going to give me $3,000 a month why should I not be able to take it? As a taxpayer I don't want the government to sell the spectrum. They should lease it to the telecoms for 5%+ and have a constant revenue source. We don't sell our state and national parks. Those of us on this board own broadcast stocks and want to make money. But, we are in the minority. JMVHO DaninFW

  • Reply to

    Thoughs

    by daninfw04 Dec 13, 2014 9:59 AM
    daninfw04 daninfw04 Dec 13, 2014 10:00 AM Flag

    I can't spell THOUGHTS.......

  • daninfw04 by daninfw04 Dec 13, 2014 9:59 AM Flag

    This posting is mainly in response to question from onfire500 that didn't show up until I got notified by Yahoo this morning. I hate Yahoo.
    Just a few of my thoughts. EVC assets could be worth $30+ but it may be 2015, 2016 or longer before they get unlocked. I am going to try and be brief. Great article a day or so ago about how the telecoms need until 2016 to get their balance sheets in order to even be able to bid so the broadcasters can get $70 billion+ instead of $38 billion. The telecom stocks have gotten clobbered taking on all this debt. They have to delever now. NAB wants all the current FCC auction rules thrown out. SBGI doesn't want it to even happen. You need to look at SBGI's presentation this week. There is one slide where they want to keep the spectrum and lease it to the telecoms. Keep in mind the broadcasters don't own the spectrum. They lease it for 5% of revenues a year. If auction doesn't happen by Nov 2016 it could go into 2017 and if the Republicans win the White House too, the Republicans could dismantle the entire auction. There is an article on that. The broadcasters have to renew their license every 7 years. The FCC could decide not to renew and sell. Many don't think the broadcasters should get a cent. They think the taxpayers who own the spectrum should get the money. I could go on an on but I think you get the gist. This is why it's going to be a great trading stock once we top. Now, could it get bought out before all this happens? Yes, of course. Will someone try and steal the assets with a low ball offer? It could happen. Could one or more of the things I mentioned above completely derail the process? Of course. Could we be $6 next week? Possibly. Could we be $8 next week? Sure thing. Enjoy the ride or get off. GLTA. DaninFW

  • daninfw04 by daninfw04 Dec 12, 2014 10:35 AM Flag

    This morning we have a big seller and a big buyer. Someone is dumping 5,000.....8,000....and 10,000 share blocks like crazy between $7.15 and $7.18 but big buyer is snapping them up. The question will be who runs out first........DaninFW

  • Reply to

    SD Question

    by parisite76 Dec 10, 2014 12:36 PM
    daninfw04 daninfw04 Dec 12, 2014 9:44 AM Flag

    Nice trade amigo. DaninFW

  • Reply to

    Big Buyer/ Possible Acquirers

    by matts4 Dec 12, 2014 9:36 AM
    daninfw04 daninfw04 Dec 12, 2014 9:42 AM Flag

    If an offer is made it may put company in play for other offers. I have used the term speculators many times as it is many buyers at present IMVHO. I think we have a big buyer(s) almost every day......may or may not be same entity. DaninFW

  • Reply to

    Volume

    by parisite76 Dec 11, 2014 4:20 PM
    daninfw04 daninfw04 Dec 11, 2014 10:49 PM Flag

    I think it's mainly spectrum speculators but it coud be a buy out. The SEC filing last Friday raised my antenna. I think we are all getting greedy. If something doesn't happen soon the shorts might slam it. Daninfw

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