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DreamWorks Animation SKG Inc. Message Board

rileywkr 9 posts  |  Last Activity: Mar 6, 2014 2:41 PM Member since: May 4, 1998
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  • Notice Zachs downgraded IGT to a strong sell on 2/19. Price then around 14.53. Humm. Wonder if we could plot all their recommendations and do the opposite? Sounds like the old Value Line that listed every stock on its high as a number one buy and every stock that was on or near its low as a strong sell.

  • Reply to

    Tender Completed

    by jobe1098 Mar 4, 2014 8:27 AM
    rileywkr rileywkr Mar 5, 2014 1:46 AM Flag

    I figure the cash plus income tax receivable as of 9/30/2013 was about $72 million and probably lost $5 million in the fourth qtr. So $67 mil less $24.122 million for the dutch tender leaves about $42.878 million divided by the new shares outstanding of 26.228 million would equal about $1.63 cash before the loss no doubt this qtr which of course will be divided into many fewer shares. Of course this doesn't take into consideration the other assets and liabilities, just cash or near cash. Check my figures and see I calculated correctly, tnx in advance.

  • First If you can't read a financial statement, you have no business buying stocks. Second, read the last financial statement of this co with no assets on the books and a negative book value with debt owned. Over a hundred million shares outstanding if I calculated correctly. Someone posted that this dog has fleas, sounds much worse. Too bad the SEC can't regulate this type of pump and dump situation, it would save a lot of money and energy after so many people lose and complain.

  • rileywkr rileywkr Feb 11, 2014 2:31 PM Flag

    Don't think the co can buy shares during the tender period.

  • Reply to

    Tender offer rationale

    by jensen111111 Jan 31, 2014 7:30 PM
    rileywkr rileywkr Feb 1, 2014 12:41 AM Flag

    Well thought out and all three possibilities could be valid. Obviously like I posted ystdy about Credit Swiss (DLJ), they are embarrassed and probably want it to get off their books as it is a big blemish. With some of the insiders selling and others like the President not, there are two opinions and desires here. If the co is successful in the new "China Tolling Plan" that was discussed in the tender material, then those that don't tender will have a much bigger reward. Some no doubt want out and will probably depart the co post haste after the tender. Even if the price turns out to be the maximum of 1.54, a significant amount of stock will no doubt be purchased unless the stock goes above the high price like someone mentioned.

  • Reply to

    Registration

    by jfhsleep Jan 31, 2014 3:45 PM
    rileywkr rileywkr Feb 1, 2014 12:33 AM Flag

    Doubt if this stock is to be sold, in my humble opinion it is just being registered as per the original agreement. The wording in the registration probably has to say the stock can be sold.

  • Last Friday they filed they were holding slightly less than 5% and therefore don't have to file again unless they go above 5%. Judging at their previous filings and their attempt to be activists, they probably are reeling from defeat in this situation. The prices of their purchases and then the subsequent sale prices are an embarrassment to an activist. At least we figured out who was puking out the stock. Whether they continue now they below 5% will be interesting. Someone obviously purchased a lot of stock also and will be interesting to see if any filings come from that side or are scattered among many accounts.

  • Reply to

    Strategic alternative search

    by rileywkr Jan 17, 2014 11:45 PM
    rileywkr rileywkr Jan 29, 2014 8:12 PM Flag

    Credit Suisse has a big embarrassment here and probably are putting their heads in the sand. without their support for some strong action, unless there is a great mobilization of unahppy holders, nothing will happen unless proposed and backed by the mngt. If they continue to rack up losses this yr after their supposed increase in business, then I would support some drastic action probably.

  • It has been quite a few months since it was announced either in a 10-Q or an 8-K filing that STRI was seeking strategic alternative search. Sure would be nice to have some result from this process as it usually doesn't take this long. Sounds simple enough, sell out to another co or liquidate. Which is it going to be?

DWA
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