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Radio One Inc. Message Board

smaycs4 130 posts  |  Last Activity: Apr 17, 2014 10:32 PM Member since: Oct 14, 2011
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  • Reply to

    Jamul and the 60 million+

    by wi_mike Jan 24, 2014 4:52 AM
    smaycs4 smaycs4 Jan 26, 2014 5:03 AM Flag

    I thought it was 4.25% interest until the note is paid in full.

    How about they pay us their excess cash, & promise to dividend out the 4.25% every year ?

    Nevermind. Lyle is going to roll the dice on something.

  • Reply to

    Jamul and the 60 million+

    by wi_mike Jan 24, 2014 4:52 AM
    smaycs4 smaycs4 Jan 25, 2014 2:00 AM Flag

    Using $66 million or $2.49 per year and discounting 10 years gives me a present value of 86.8 cents per share.
    But, $6 million of that will come sooner.

    And Lyle can find various ways of buying things to write off by then.

  • smaycs4 smaycs4 Jan 21, 2014 3:03 PM Flag

    yeah, I don't think they will write up anything until its actually cash.

    But we have an adjusted book value of $6.55 and I cant remember if I counted the dividend in kind in that.

    I guess some would argue that my 10% discount rate is too low. And I just pulled 4 years out of air. So it could be lower if you use a higher discount rate and a longer than 4 years term.
    ------------
    Well, $66 million =$2.49 per share.

    If we discount that by, I don't know 10% for 4 years, that gives us a present value of $1.63.
    Add that to the $4.92 book value that I calculated a few months ago and that=$6.55 per share.

  • smaycs4 smaycs4 Jan 21, 2014 2:58 PM Flag

    Well, $66 million =$2.49 per share.

    If we discount that by, I don't know 10% for 4 years, that gives us a present value of $1.63.

    Add that to the $4.92 book value that I calculated a few months ago and that=$6.55 per share.

    Yet the stock is at just $4.75 reflecting serious doubt as to what Lyle might do with our money.

    Im not counting the 4.25% because that will be eaten up by overhead no doubt.

  • Reply to

    Bought below $1.00

    by nip7890 Jan 15, 2014 4:14 PM
    smaycs4 smaycs4 Jan 19, 2014 10:48 PM Flag

    On the 14th you said it was going to 50 cents and then you buy at just under a dollar ?

    The asset isn't worth much more than the marketcap of the company and it could be 2-3 years before it gets sold.

    I don't understand the entire buying back stock while also trying to raise capital. Doesn't make sense.

    If I felt sure the stock would be $1.50 in 2-3 years, Id buy a lot more here.

    I don't.

    However, Don Whitaker apparently owns it. Which suggests some upside anyway.

    Don, would you chime in here if you are lurking ?

    And what about whats his face, the 13d holder that doesn't play well with others ? Is he still holding or did he dump ?

    The assets value is limited by the court restrictions & the lack of financing for the dreamers that do want it.

    The only way I can see it sold for a decent price is if PRXI finances it and backs up the buyer.

    So, a buy here pay here Titanic sale. 10% down and low monthly payments. LOL

    And the court wont let any cash be returned to shareholders, they have to hold it in escrow to back up the buy here pay here buyers obligations.

    The operating business is of dubious value and the entire thing doesn't need to be public.

  • Reply to

    Real estate

    by imd85 Jan 10, 2014 3:30 PM
    smaycs4 smaycs4 Jan 19, 2014 10:33 PM Flag

    To me, the becker drapkin sale overshadows the CEOs buy.
    This CEO is going to parachute out very rich even if they end up selling out in a few years for as low as $2-3.

    So his buy is chump change compared to his contracts value, Heck, he'd get rich if they fired him and they aren't going to do that.

    I don't know what you mean about the goldman put and I haven't read the conference call transcript yet.

    But, I sold out when BD did. Id imagine the best case is another year of losses & by tax time next year it will be in the $4 range.

    Unless they show serious same store sales increases within a year.

    These guys are going on TV just to keep their sales up. TV is like a drug for eateries. The more you spend, the more you need to continue to spend or your sales fall off a cliff.

    That happened with Cooker way back when.

    Im afraid RT is headed down that same path.

    They cant just sell all the real estate because rents would make their business even less viable.

    If they cant make money with no rent, how are they going to make money with rent if they sell & leaseback all their properties ?

    I see continued struggling with an eventual merger or takeover by a private equity firm at a lowball price.

    If the stock falls to $3 on continued poor results, maybe they get a slight premium & sell it ?

    That means a couple of bucks in downside.

    Unless you think they can & will get back in & remain in the black fairly soon and I don't see how.

    If this thing could be sold for $7-8, BD would have pushed for that rather than selling out cheap.

    So I don't see much upside from current prices. I mean, maybe $6.50 in a best case scenario but only after the stock falls to $5 first. But, I don't see anyone offering that much with no hint of operational improvements & sales increases.

    Maybe I will review the transcript tomorrow since the markets closed.

    I have most posters on ignore here for being proven idiots like stockomotrist.

  • Why are you idiots here ?

    Your god wants you to spend your time on a message board because you hate gays ?

    Where in the bible does it say that ?

  • Reply to

    Another ignored clown

    by smaycs4 Jan 13, 2014 9:35 PM
    smaycs4 smaycs4 Jan 19, 2014 10:14 PM Flag

    I continue to have virtually every poster on ignore.

    Amazing how some people have such irrational hatred for the man & the stock.

    And "swollen testicles" ? How can that even be allowed as a username ?

    Which brings me back to my original question. Why so many of the mentally ill who post here want to show everyone how mentally ill they are ?

    If you hate the stock short it & shut up. Otherwise, go away.

  • smaycs4 smaycs4 Jan 19, 2014 9:35 PM Flag

    Here is my old math....

    Didn't sound like they were going to write anything up, rather just book any cash when they get it as profit.

    I presume tax free ?

    I sure wish they would write things up because they write things down in a new York minute.

    Market seems to worry not so much of the value of the parts but rather what Lyle might do with it. Like spend it on something that will be written down to zero within 6-24 months.

    A tender offer or a cash distribution would seem to increase shareholder value. At least in the near term.

    But it isn't about shareholder value as much as it is what Lyles wants. He doesn't need the money and he has proven he will gamble it in the past.

    I think its a good time to ask why they heck weren't they buying back stock when it was $2-3 or even $3.50 ?

  • How long could it potentially take to pay LACO off ?

    Seems like the sum of all parts is well above the stock price but nobody seems to want to talk about it.

    I have a number of posters on ignore however because they are clearly full of #$%$.

ROIAK
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