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Dex Media, Inc. Message Board

lorenzonmartino 29 posts  |  Last Activity: Apr 16, 2015 4:49 PM Member since: Apr 26, 2012
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  • lorenzonmartino lorenzonmartino Apr 16, 2015 4:49 PM Flag

    Hi Doune and King,
    Let's say DXM were to venture into the e commerce space (think they will...eventually) with a restaurant booking application, or any other application in fact, like yellow pages canada shopwise or some thing else. DXM is very well connected to SME's with it's net work of salesmen, but could lack visibility and fame on the consumer side. That's the only reason I was thinking the two could be complimentary to each other. In other words: it would not make a lot of sense for DXM to sign up..... let's say restaurants for a restaurant app when nobody knows about DEXKNOWS or SUPERMEDIA...Angie's list (or in fact a company like YELP which is high in site rankings / notoriety) could do the selling customer side. I do not really know very much about Angie's list at all, just that I think it may be a little more known to the public / consumer in the US than DXM.

  • well..just take a look at a six month or twelve months chart...

  • Reply to

    amazon home services Vs DXM

    by lorenzonmartino Apr 14, 2015 7:25 AM
    lorenzonmartino lorenzonmartino Apr 14, 2015 4:05 PM Flag

    Yellow pages in Canada recently launched a restaurant booking and e commerce application.

    I suspect DXM will follow. In the last CC the CEO alluded to “interesting ideas”.

    Open table was bought last June by for 2.6B by the Priceline group.

    Google has dabbled in restaurant apps.

    Yelp recently bought a restaurant booking application called eat24

    Amazon has just launched an e commerce platform called “amazon home service”.

    Yahoo, Y.P. USA and YELP appear aligned.

    Google should make a move launching it ‘s own service soon (like amazon).

    EBAY has been experimenting for some time now.

    Priceline, Angie’s list, DXM and others could all be candidates for alliances and potential M&A targets.

    Forecasters have predicted for some time the advent of e commerce revolution and AMAZON is the first big payer to move.

    What this is telling me is that with the coming of age of smart phones there is a space that is getting hot and DXM should hurry up and play a part as it is strategically positioned with it’s network of sales agents.

  • lorenzonmartino by lorenzonmartino Apr 14, 2015 7:25 AM Flag

    the sector is really getting hotting up !

  • Reply to

    Divergence Between Bonds / Stock and Bank Debt

    by don_t_panick Apr 12, 2015 12:39 PM
    lorenzonmartino lorenzonmartino Apr 12, 2015 4:53 PM Flag

    Here is what was offered in the last two buy backs:

    Sept. 9 2014 (share price $ 12 circa):
    Supermedia $17M offered 86-90% of par
    RHDI $ 12M offered 77- 81% of par

    June 2014 (share price $10 circa):
    Supermedia $ 29M offered 82 -86% of par
    RHDI $ 8M offered 67.75 - 70.75% par
    DME $ 7M offered 79.75 - 82.75% of par
    DMW $ 10M offered 90 - 93% of par Less

  • lorenzonmartino by lorenzonmartino Apr 10, 2015 4:41 PM Flag

    up 391K to 5,098.264. Short interest has been rising since 1/15/2015.

  • lorenzonmartino lorenzonmartino Apr 9, 2015 2:29 PM Flag

    i agree Seb. There are two many shooting down this stock prematurely. There is a published plan and the CEO repeatedly stated in the last CC that he believes they can do better. Also stated they have some interesting ideas.... I think of what Yellow is doing in Canada, I think of OPENTABLE (bought for more than 2B by Priceline), I think e commerce. A pipe dream.??..may be. Longs will have to wait for Q1 to be out of the way and then look to Q2 and Q3 for improvement. it's a bit of a long haul but I have been here for 4 years now and will wait a few more months. The stock is adjusting for probable poor Q1 results..

  • Miniscule by amount but it does mean the company still has some extra cash even if the face of large expenses (expenses to achieve savings that is, according to the reorg. plan).
    It also tell me that the price of DMW debt is trading lower than last June 2014 when the share price was around $10, but only by about 8%. In fact debt that trades around 82 - 86% of par (which is what DMW is offering for the sub par buy back) does not really signal the same distress that the share price would imply. 82 - 86% of par is not so bad !

    Today's buy back (share price $ 4,25 circa) :
    DMW $ 6.5M offered 82 -86% of par

    Here is what was offered in the last two buy backs:

    Sept. 9 2014 (share price $ 12 circa):
    Supermedia $17M offered 86-90% of par
    RHDI $ 12M offered 77- 81% of par

    June 2014 (share price $10 circa):
    Supermedia $ 29M offered 82 -86% of par
    RHDI $ 8M offered 67.75 - 70.75% par
    DME $ 7M offered 79.75 - 82.75% of par
    DMW $ 10M offered 90 - 93% of par

  • YELP pays $134M..... read article on line.

    The space is hotting up. I think DXM will venture into this space.

  • lorenzonmartino lorenzonmartino Mar 21, 2015 6:14 PM Flag

    Popsicle I agree that first we should see improvements in Q2 and beyond. Q2 should show effects of savings and first sales improvements.

  • lorenzonmartino lorenzonmartino Mar 21, 2015 10:26 AM Flag

    Just to give some color: OPEN TABLE (one of the most know online restaurant reservation services) was bought by Priceline group inc. in June 2014 for $2.6B (in cash). Priceline group Inc. today has a market cap of $61B. I am no expert but would be keen to know if the OPEN TABLE had, prior to the acquisition, or if Priceline has today, a network of qualified and Google certified sales persons through out the USA. There is obviously an opportunity out there for companies like Yellow Pages and DXM. Let's see if the DXM and others
    in the sector can exploit it.

  • read the whole article online.

    'The ability to place and pay for orders directly from the app will also be available in future iterations. "

    We are getting closer to ecommerce. Just lot more slower than I thought !

  • Reply to

    Dex media going to $3 per share. Snort Snort!

    by short.piggery Mar 18, 2015 7:45 PM
    lorenzonmartino lorenzonmartino Mar 19, 2015 8:00 AM Flag

    when new shorts hit this board calling $3, King is back, and there are two negative SA articles in a row it means only one thing: the stock has bottomed

  • lorenzonmartino lorenzonmartino Mar 17, 2015 1:16 PM Flag

    Yea I mean this is fundamental..why did the creditors not take over the company in the last pre pack..why wait for three more years ??? Does that make sense..you might say while the question is open i'll keep my money in my pocket: fine !.But let's not forget DXM has about 90 institutional investors (with more than 100M under management) as shareholders. They all stupid ? Still not a good reason to invest in this really. There remains a big answered question ,that, if could be answered would take a lot of wasted effort of this board. I do not have the answer.

  • lorenzonmartino lorenzonmartino Mar 17, 2015 12:56 PM Flag

    What options were conceived at origin in the minds of those that restructured SPMD or DEXO in the last pre pack ? Was it either 1. debt trades at par and the company does a global re fi or else 2. whatever debt remains at the end of 2016 (and there was always going to debt remaining..) bankruptcy and the creditors take the lot (even with the company meeting all covenants ! ?). It would have been ungracious to say the least even to put the company back on the market and award shares to whoever got then instead of debt after the first BK. I think this is a fundamental question that needs to be answered. In no case was the debt ever going to be paid off in full by end of 2016. DXM will not default mean time.

  • lorenzonmartino lorenzonmartino Mar 17, 2015 8:39 AM Flag

    Can't see any reply by the "grim reapers" of this board. Every body piles in when the share price is knocked down. I will be the first to admit to too much optimism, and I am disappointed by the company performance and the stock price. King and friends see if can answer the following with a plausible figures/scenarios: if they start 2015 with 171M cash and have mandatory amortizations of 120M (2015) and 115M (2016) how will they default ? (And yes an earthquake can hit San Francisco in a few hours and wipe out millions of lives and you could by struck by lightening crossing the street ...and DXM could go bust in six months) ...

  • Reply to

    DXM needs to do another debt buyback

    by joelsilver29 Mar 17, 2015 6:39 AM
    lorenzonmartino lorenzonmartino Mar 17, 2015 8:28 AM Flag

    They already have mandatory amortization and 60% cash sweep (that is cash left over after the mandatory for 60% circa goes to more amortization, at par naturally). Your right in a way and sooner or later they will.

  • lorenzonmartino lorenzonmartino Mar 16, 2015 5:39 PM Flag

    DXM has 120M mandatory amortization in 2015 and 115M in 2016 for a total of 235M. How do you see them defaulting on their obligations starting 2015 with 171M cash on hand ?

  • ...and DXM is a winner. Is that possible ? NEWM just posted results and their digital revenue grew by 14% (Q414/Q413).

  • lorenzonmartino by lorenzonmartino Feb 26, 2015 3:44 PM Flag

    DEXO former CFO Gregory Freiburg is now their CFO (and he bought a load of shares a couple of quarters ago.. 500K if I remember). NEWM invests in old media (local newspapers) and has been on a buying spree. They boast paying only 3 x earnings for the companies they buy. Their strategy is to expand by acquisition and increase digital sales of the old media companies they buy / own. They sport a couple of directories in their portfolio (and seem to be proud of this). Digital revenues grew 14% 2014 Q4 vs 2013 Q4. Now if this company with little experience and, I assume a less spectacular digital offering than DXM (Google trained sales people ???, real time feed back ??) can grow digital revenues double digits DXM should be able to do a lot better ! NEWM has manageable debt level at around 2 x Ebidta and the share price has doubled in a year. Their dividend is growing. What can DXM learn from these guys !

DXM
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