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Westwood One, Inc. Message Board

greenwichadvisor 4 posts  |  Last Activity: Nov 6, 2014 1:47 PM Member since: Feb 25, 2008
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  • Reply to

    greenwichadvisor – still around?

    by jake9810141 Nov 4, 2014 12:32 PM
    greenwichadvisor greenwichadvisor Nov 6, 2014 1:47 PM Flag

    Great business model, lousy management. Another reset and wait until next year. Cannot sell at this price which is ridiculous and basically ex cash/domains values the business at zero. My hope is Russ steps back and gets someone in who knows how to grow a business beyond $150m in revenue.

  • Reply to

    BlackRock

    by greenwichadvisor Dec 11, 2013 1:06 PM
    greenwichadvisor greenwichadvisor Sep 19, 2014 4:59 PM Flag

    Yes, six months.

    I think you are right that Allstate thought they could squeeze MCHX but what they proposed was a non starter and MCHX was correct to reject it. MCHX always thought they would then try to renegotiate the existing deal which MCHX was open to discuss but that never happened. There appears to be some financial incentive to the procurement group at Allstate to cancel the contract. MCHX was blind sided. the question is why were they blind. If I had a 33% customer, I would make sure I knew the CEO, his wife, his kids and his pets names. MCHX didn't have the internal relationships to fight the decision and they have paid dearly for it..

  • Reply to

    Can't say I'm shocked by this headline

    by goygoy3414 Sep 19, 2014 8:50 AM
    greenwichadvisor greenwichadvisor Sep 19, 2014 4:20 PM Flag

    FIG doesn't actually pay the expenses to anyone. These are just allocated items where some of the FIG assets (an office, copy machine, computer, etc.) is used for personal reasons. FIG would incur these costs anyway. In the future, they should just reimburse the company or rent an office from them.

  • Reply to

    BlackRock

    by greenwichadvisor Dec 11, 2013 1:06 PM
    greenwichadvisor greenwichadvisor Sep 19, 2014 4:16 PM Flag

    My guess would be a stock buyback when they are able under SEC rules.

    I am still trying to find out what exactly happened with Allstate. I am hearing different things. The market isn't taking the time to figure it out. They are just dumping.

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