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Tempur Sealy International Inc. Message Board

smallercap 463 posts  |  Last Activity: 7 hours ago Member since: Aug 14, 1998
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  • smallercap smallercap 7 hours ago Flag

    I worked with a looser like you once. Always blaming "whitey" for his lack of success and promotion, always barking at the moon. He got fired for incompetence, laziness, poor performance, and poor attitude.. No one to blame but himself.

  • smallercap smallercap Feb 7, 2016 6:00 PM Flag

    NO. Your reaching far and wide to think LG was thinking about shipping pellets into the export markets from the Great Lakes., IMO. I think he was glad to see Canada more cost competitive shipping pellets and iron concentrate abroad, instead of shipping more pellets to Lake Michigan and Baltimore on the eastern seaboard of the US, where they are somewhat cost competitive .Canada's main competitors for iron pellets are the U.S. and Venezuela with Australia, Brazil and Venezuela being the main competitors for the concentrate market

  • smallercap smallercap Feb 6, 2016 3:49 PM Flag

    Who the Christ cares what there motive is !!! The DB report is EXACTLY what you want to hear. And more of it. Its music to the ears,, and puts a smile on LGs his face in the morning. Even more so during bond exchange window. Its a way CLF will reconstruct itself. Its how Cliffs can book large gains(only way)) during this horrific downturn,, delever itself, create shareholder equity, right size the balance sheet, reduce interest expense, and position itself for success. It is the only sliver lining and saving grace for Cliffs, in this mess. How can you not see that. You have to see the forest beyond the trees. This crash in bond and stock is the way out of Hell. And the analysts are your best friend here, if your a real investor. Pay no mine to the penny stock traders, watching every tick and trade. Amateur hour. This is about positioning the company for a turnaround, long term. This is a billion dollar offering+..and you want POSITIVE commentary. No thank you. That is not what you want to see. The crash in bonds(and stock) has allowed LG to take down 1B already, and now go after another 1b.There will be a time for better press, opinions, and the like. Now is not that time. You have it backwards, based on my experience in distressed assets. The worst the sentiment, the better,..... there in lies the opportunity to create real value!

  • smallercap smallercap Feb 5, 2016 11:28 PM Flag

    I see it the same way. The more the specter for financial risk here, the better chance of a good bond exchange, for obvious reasons. LG has even thanked the analysts on CC for reinforcing and recommending bond tenders in the past. Thanks again, I hope this well timed opinion leads to another 250m in tender, that were on the fence!!!!!

  • Reply to

    Isn't the market cap

    by lucetteo1 Feb 5, 2016 3:42 PM
    smallercap smallercap Feb 5, 2016 4:11 PM Flag

    Approx 180m fully diluted and growing. There is 10 million more that can vest at 3.4(for now) registered for stock option grants to staff and retirement !

  • Reply to

    Jorge Bumstain

    by brokeagain73 Feb 5, 2016 1:56 PM
    smallercap smallercap Feb 5, 2016 3:58 PM Flag

    Damn, maybe Ironstrong is right. You might be the biggest fool here by a wide margin!!

  • Reply to

    Comments / Thoughts on Bond exchange

    by my2cows Feb 5, 2016 10:10 AM
    smallercap smallercap Feb 5, 2016 12:39 PM Flag

    Not sure why you think these comments are negative.... Being realistic has served me well in this business. My stance is fine. My decisions on Cliff have been good so far. Hows yours???

  • Reply to

    Comments / Thoughts on Bond exchange

    by my2cows Feb 5, 2016 10:10 AM
    smallercap smallercap Feb 5, 2016 12:21 PM Flag

    I sure did, and I stand by it 100%. Not a single equity analyst or better yet, bond analyst report I read, EVER anticipated getting cash from the asset sales in Canada. And I read my share! Getting DIP back is not getting cash from asset sales, obviously. I said this in October, when fools like Surf were throwing out 1 billion numbers, with zero expertise, or credibility in this field. Being realistic makes for better investing decisions, not fiction.and hyperbole. If you got suckered by these posters, don't frigging blame me.

  • Reply to

    Comments / Thoughts on Bond exchange

    by my2cows Feb 5, 2016 10:10 AM
    smallercap smallercap Feb 5, 2016 12:03 PM Flag

    No bondholders expected anything from Canada. Only fools on this board did. NO ONE on wall street did. It was not rocket science.

  • Reply to

    Comments / Thoughts on Bond exchange

    by my2cows Feb 5, 2016 10:10 AM
    smallercap smallercap Feb 5, 2016 10:33 AM Flag

    The small CASH tenders that Cliffs has done were oversubscribed. But the 1st BOND exchange involving secured notes, in FEB 2015, was not!, Cliffs originally offered 750m par, in secured 2nd lien bonds for bond exchange. Because of weak subscription, mostly due to rules barring US retail holders from exchange, they issued 540m, retiring less debt than they had solicited for.

  • Reply to

    9 years of red ink

    by smallercap Jan 30, 2016 10:33 AM
    smallercap smallercap Feb 4, 2016 10:59 PM Flag

    Ice, what are you seeing that the street is missing. Frustrated investors seem to have given up on this turnaround story, by the way the stock is trading! Dreadful.

  • Reply to

    Strategic alternatives

    by don1cobb Feb 4, 2016 5:40 PM
    smallercap smallercap Feb 4, 2016 7:02 PM Flag

    Mostly likely...... the common is toast!

  • Reply to

    Any guess for the rally today?

    by ceberus7 Feb 3, 2016 7:18 PM
    smallercap smallercap Feb 3, 2016 9:23 PM Flag

    not easy to handicap, because of restrictions on who can participate. I would think they get a good chunk of the 2nd lien, because of high participation characteristics(foreign holders reg S) and place in line(2), that's 540 available. If they can get another 600/700 on the senior bonds(vultures that bought in teens), that would be a material deleverage event (800-1B ), and ratchet down interest expense substantially. If they get close to 1.5, its a home run. Shorts would be on high alert as to whether to take this trade down, with BK off the table in the short run, on a big tender.

  • Reply to

    Any guess for the rally today?

    by ceberus7 Feb 3, 2016 7:18 PM
    smallercap smallercap Feb 3, 2016 8:59 PM Flag

    cash management is critical. No 2 ways about that. LG and CFO are lazer focused on there liquidity. LG has been thru this before, at Metals USA. He brought that company back from BK, into a 2 billion enterprise. He is doing a lot of the same things at Cliffs, he did at Metals. This is his specialty. Will be interesting.

  • Reply to

    Any guess for the rally today?

    by ceberus7 Feb 3, 2016 7:18 PM
    smallercap smallercap Feb 3, 2016 8:28 PM Flag

    Dude, I know your fancy yourself a "technician", but a little heads up, in my experiences. TA, while always useful, does not work so well on highly distressed securities, nor does the ridiculous cash on hand argument hold any merit what so ever here, for too many reasons to list..This stock will succeed or fail on fundamental events, like capital structure initiatives, operating metrics, iron and steel prices, MANAGEMENT(see Nucor), asset sales, etc. In this case, you have quite a bit of arbitrage going on, some re balancing, and the market is dissecting/discounting the potential for a lower risk profile of the company, should bond exchange be somewhat successful. Point...... if the company had not announced the tender, the stock would not be performing this way. The chart had no way of handicapping the bond event. CLF was making new lows. PS Warren Buffet has never used a chart in his life. Did the charts get GOPRO speculators in or out at 90? Does a chart help you when your biotech dives 80% on failed clinical results? Fundamentals drive price in the long run, and charts are a byproduct. Certainly useful in trading and handicapping price points..

  • Reply to

    Bond prices

    by brokeagain73 Feb 3, 2016 4:13 PM
    smallercap smallercap Feb 3, 2016 6:24 PM Flag

    To be clear ! The 1.5 will be ahead of everything EXCEPT 500m in 2020 1st lien bonds, at the top of the capital structure, as well as secured equipment loans, leases, and any drawdowns on the ABL, which will be secured by inventory and receivables.

  • Thanks to the Hollywood deal, instead of losing $100 million a year, Clarke expects film to be profitable in 2016. Still, film is only 10 percent of Kodak's business and Clarke is largely focused on bringing new products to market. "We go for breakthroughs. So we have the fastest ink jet printer in the world. We have the highest resolution packaging printer in the world. We're not trying to be just another choice among four choices-we are trying to be the Ferrari of many markets," said Clarke.

    Clarke, who is 53 and a SUNY Geneseo graduate, spends a week to 10 days in his office on the 19th floor of Kodak headquarters. His wife and three children still live near San Francisco. When he took over at Kodak, many criticized his decision not to move to Rochester. But Clarke counters saying, "I have an incredible personal stake. Kodak is here. This is where my employer is. I live outside San Francisco, in Silicon Valley, and I think that's a good thing, bringing a little bit of Silicon Valley and the things I've learned there."

    For what its worth. And Kodak paid him 5 million last year. 1 week a month in Rochester. NICE

  • Reply to

    Bond Swap

    by bodipb Feb 2, 2016 6:35 PM
    smallercap smallercap Feb 2, 2016 6:45 PM Flag

    Pretty much! 144a eligible institutions/clients or NON US residents!

  • Reply to

    Wabush Mine Sale

    by ironorestrong Feb 2, 2016 2:15 PM
    smallercap smallercap Feb 2, 2016 3:46 PM Flag

    May 20, 2015 Cliffs included Wabush group in the BL CCAA. As part of the transaction, Cliffs mining company agreed to provide $10m in DIP financing to Wabush Iron company.See 8k as filed by Cliffs in May!

  • Reply to

    Dividend came in today on CLV!!!!

    by funcute_smile Feb 1, 2016 10:04 AM
    smallercap smallercap Feb 1, 2016 7:47 PM Flag

    I'm sure it's a mistake . They will reverse that cash dividend , so don't spend it!! My broker has yet to do the conversion!!

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