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American Realty Capital Propert Message Board

goldentouchbronx 6 posts  |  Last Activity: Sep 21, 2015 11:03 AM Member since: Feb 24, 2012
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  • goldentouchbronx by goldentouchbronx Sep 21, 2015 11:03 AM Flag

    Earnings will be coming out in about 45 days and I can not wait to hear that kodak is cash flow positive. Everyday you hear about more companies that are coming to Rochester and more importantly Eastman Business Park.

    My estimate is that by year end the Business park will be worth north of 400 million. Kodak can get financing with a secured loan on EBP for 300 million. Then kodak can take another 300 million of the 580 million available and they can pay off ALL the long term debt IN FULL.

    This can save Kodak over 50 million a year in interest payments that will show up directly on the bottom line. (Currently kodak is paying approx 15 million a quarter in interest).

    Kodak is officially turning the corner in the second half of the year, and I for one am going to be part of it.

  • Reply to

    Food for thought

    by goldentouchbronx Aug 29, 2015 8:40 PM
    goldentouchbronx goldentouchbronx Sep 10, 2015 9:59 PM Flag

    Everyone is down currently who owns this stock. But I have done good in the past.

    I like what they are going to do in the future and I am investing.

  • goldentouchbronx by goldentouchbronx Sep 6, 2015 1:11 PM Flag

    Has anyone ever thought that LVS should buy out Amaya (ticker AYA parent company of pokerstars/full tilt poker). This would be such a perfect fit.

    LVS is a powerhouse in brick and mortar gaming. And AYA has a de facto monopoly over global poker play, and is set to double revenue in poker alone over the next 4 years according to their last earnings call. Plus they have a large opportunity to cross sell sportsbook and casino games globally.

    AYA biggest opposition is Sheldon Adelson and his big lobbying power, that is (for now) preventing AYA to enter the US market. By taking them over and and allowing them into the US he would crush the online market.

    LVS can take over AYA with a share/cash deal for about 5-8 billion and make their money back within 5-6 years. With the opportunity for LVS to double its EPS in the next 5-6 years.

    Bottom line online is where the growth is at. Brick and mortar casinos are expensive and cost billions just to get the doors open and take an average of 3-5 years to build. For the cost of roughly one one physical casino LVS can add to the EPS today.

  • goldentouchbronx by goldentouchbronx Aug 29, 2015 8:40 PM Flag

    Kodak is going to have 100-120 million in EBITDA this year and is scheduled for over 170 million in earnings next year.

    That means:
    EPS of $2.50 for 2015
    EPS of $4 for 2016

    Even at a conservative 8x next years earnings they should be trading at 32 a share.

    At a more conservative 8x this years earnings they should be trading over 20 a share.

    Now at more aggressive numbers of 10-15x earnings share price would be much higher.

    Just some good for thought.

  • Reply to

    KP Services

    by dana5424 Aug 12, 2015 1:09 PM
    goldentouchbronx goldentouchbronx Aug 15, 2015 8:31 AM Flag

    Kodak does not give away the presses, they sell them under cost and them they make the money selling the ink to the companies. Now one can argue, why would anyone but the ink from the company... but these are 100k and up devices and if you use none kodak ink you will void the warranty.

    During the last call the CEO said that they will turn the corner into profitability (cash flow positive) over the next quarter or so. The next few months are going to be big in Rochester.

  • goldentouchbronx by goldentouchbronx Aug 14, 2015 9:38 AM Flag

    Kodak said they will be cash flow positive in the second half of the year.

    They will have 80-100 million EBITDA in for 2015

    They have a business park that is 50% occupied that can be financed currently for over $200 million to pay down some long term debt.

    They are trading at under .4X 2015 sales (1.8-2 billion in sales).

    There are very few companies were you can argue the sum of the pieces are worth more than the whole, but this is one of those very few companies.

    Sentiment: Strong Buy

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