I GUESS YOU OVERLOOKED S&P UPGRADED THEIR DEBT RATING AFTER THAT "SELL" RATING. LMBO..........
Sep. 2, 2014 5:06 AM ET | 13 comments | About: RadioShack Corporation (RSH)
Although many have declared RadioShack's bankruptcy imminent, several Hedge Funds have taken new bets in the event of a surprise recovery.
New Institutional Bullishness
Several hedge funds have opened new positions or vastly increasing their bets on a surprise RadioShack recovery: Goldman Sachs, Deutche Bank Ag, Millennium Management, Susquehanna International, and even Soros Fund Management. Some Hedge funds like Standard General and Bluecrest Capital are not just buying new positions; they are also loading up on call options. Bluecrest Capital owns 2,486,891 common shares and bought 3,362,400 call options. In total, there are 145 institutions holding RSH shares.
Standard General first disclosed a 4,492,172 position in February this year at $2.59. This represented 2.1% of the long portfolio. In the latest 13-F filing, Standard General reported a 43% increased position in RadioShack. Standard General also disclosed the purchase of 3,000,000 call options. Altogether, Standard General has doubled its stake in RadioShack. As of 08/29/14, this represented 3.5% of the long portfolio.
Refinancing the 2018 $250 million second lien term loan held by Salus Capital Partners and Cerberus Capital Management LP would allow RadioShack to move forward with its plan to close 1,100 stores. Under the current credit agreement, RadioShack can close a maximum of 200 stores a year. The company believes that closing unprofitable stores is the first step in revitalizing the business. With 5,200 stores, RSH has the 6th largest retail footprint in the United States.
If the company is able to refinance and remodel on a smaller scale, there might be a chance for the struggling retailer to survive. The concept might be dated but I think Wall Street has underestimated the company. The brand name is still recognizable to many and people still want the ability to interact with products before purchase. RadioShack's potential refinancing Hail Mary may end up saving the company long enough to implement its rebranding strategy.
Who knows, we might end up seeing RadioShack survive for another generation?
No need to fret......i know you're weak so just stick with reading posts for now.
don't post.....just read mine and a few other members posts.
Long-haul 100G applications DWDM drive Q2 growth to $2.6B in Q2, says Dell'Oro
September 2, 2014 | By Sean Buckley
The WDM market is enjoying a continual growth wave, rising 10 percent year-over-year in the second quarter of 2014 to $2.6 billion as more service providers deploy 100G in long-haul network applications.
During the second quarter, DWDM long-haul equipment revenue grew 18 percent year-over-year, while WDM metro equipment revenue grew 4 percent year-over-year, according to Dell'Oro Group.
Evidence of this trend is taking place at some of the largest traditional telcos and competitive providers. Telefonica and XO Communications both announced major 100G long-haul and metro upgrades with their suppliers Alcatel-Lucent and Infinera, for example.
"The recent second-quarter growth of 10 percent marked the eighteenth consecutive quarter that the WDM market has increased," said Jimmy Yu, vice president of Optical Transport research at Dell'Oro Group. "Furthermore, as an indication of the market's strength, twelve of those eighteen quarters grew at double-digit percentage rates."
Yu added that the WDM market isn't showing any signs of slowing. "A number of factors are driving the strong growth of WDM; the most significant of which is the global adoption and penetration of 100 Gbps wavelengths in long haul applications," Yu said.
Why did you choose the high yield rather than another source of funding? XL E. We are opportunistic and, with this plan, we used the three major sources of capital markets: the equity markets, bond markets and banking markets. In this way, we have reduced to Alcatel-Lucent all participants in international financial markets. makers. The Alcatel-Lucent has announced the launch of a new issue of convertible bonds. What is the group in the refinancing of its debt? XL E. Financial debt for the next three years has been reduced to zero, excluding debt maturities that are prefunded, reflecting the effective action we have undertaken to restructure the balance sheet and, therefore, give the group time to complete its transformation without major exposure to financial markets. However, we remain very alert to opportunities. Find the rest of this interview in the capital investment guide 2014.
Conversion from French......
Posted on 2014-09-01
Alcatel-Lucent trésorerier recalls the reasons that led his group to refinance the bond market.
Makers. What strategy register the capital increase and the issuance of bond financing for Alcatel-Lucent?
Xavier Langlois Estaintot. 's Shift plan our CEO, Michel Combes, announced June 19, 2013 is a plan industrial three-year transformation that aims to restore a sustainable future for Alcatel-Lucent. Recall that the group consumed over the past decade between 700 and 800 million euros in cash per year, and in January 2013, he had to pledge to refinance its prestigious portfolio of 30,000 patents. About our funding, we have taken actions to strengthen the capital base of the group immediately or over time. This resulted in a capital increase of nearly one billion euros and also by issuing one bond which is intended eventually to be converted into capital for an amount of EUR 600 million. This helps pro forma strengthening our equity of around 1.6 billion euros. We also went to the market repeatedly in the bond market way, which has helped reduce the weight of short maturities and reduce the average cost of debt. Finally, we set up a syndicated loan with a group of international banks. This syndicated credit gives us greater financial flexibility and is a strong sign of confidence in the banking community. makers. Why have carried out operations of such magnitude, the high yield bond is a billion dollars? XL E. This funding has allowed us to strengthen our customers and accelerate the recovery of our business momentum. Furthermore, while in early 2013, the group had to pledge its patents finance, we now have access to attractive conditions. With operations, we can self-finance the transformation of the group without being dependent on financial markets. makers. Why did you choose the high yield rather than another source of funding?
President and CEO of Alcatel-Lucent Spain
Alcatel-Lucent sees 2015 as the 'year of the leap
If 2013 was the year of the 'survival' and 2014 is the 'proactive hope', 2015 should be the year of 'jump, said yesterday Roque Lozano, president of Alcatel-Lucent Spain in his speech at the first day of 28 Telecommunications Meeting Santander. In his opinion, 'or is now or never, we can not lose another train?'.
According to the head of Alcatel-Lucent Spain is "the digital sector must lead" this leap with items that are already available as fiber networks, 4G networks or sustained consumer demand. This "emergency message" reflects the position of Roque Lozano, who said that "we time talking but now is the time to act." "The network is the solution, we must take advantage of the network", which should be quick, secure, integrated, distributed and customizable for every need.
After taxes its zero since he's just a paid advertiser. Didn't make a dime form that site.