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Westwood One, Inc. Message Board

greenwichadvisor 6 posts  |  Last Activity: Sep 19, 2014 4:59 PM Member since: Feb 25, 2008
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  • 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.

  • Reply to

    BlackRock

    by greenwichadvisor Dec 11, 2013 1:06 PM
    greenwichadvisor greenwichadvisor Sep 17, 2014 4:36 PM Flag

    No. I have over 1.8 million shares which is a full allocation for me. I find the price action inexplicable. I can understand some concern on the customer concentration issues but this is ridiculous.

  • Reply to

    BlackRock

    by greenwichadvisor Dec 11, 2013 1:06 PM
    greenwichadvisor greenwichadvisor Aug 27, 2014 12:05 PM Flag

    Just saw your comment. I am a long term holder on this. It is developing as I hoped and expected. I expect more beats and raises.

    Also, I have just added Amazon to my list of potential buyers.

  • Reply to

    Here is Seeking Alpha report...

    by amfads Jul 24, 2014 10:13 AM
    greenwichadvisor greenwichadvisor Jul 24, 2014 10:18 AM Flag

    Seems like bankruptcy will be off the table.

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