And they're down about 90% on their investment. GSE common equity is essentially worthless as it will be difficult (i.e., impossible) to sell the Company for GSE's current debt position leaving common shareholders will nothing at the end of this liquidation. I'd recommend selling and reinvesting your proceeds in a less levered company with strong positive cash flows.
You clearly do not know what a Chief Restructuring Officer does for a living. He's called in when a company needs to turn its ship around but is unable to because of its current debt-load and operating expenses. Look up Zolfo Cooper, CIRA program, 13 week cash flow statement, etc.. DM tried to shop the most valuable parts of it (refer to the last DM conference call) however they were unsuccessful in doing a deal by year end and thus as a result they are now forced into BK.
Wouldn't be surprised to see DM trading near $0.05-0.10 tomorrow morning. Good luck to those who are still long.
Upgraded to buy from hold and a target price of $48. Analyst expects a dividend increase of 10-11% to be announced in early 2014.
I would expect some selling in early 2014 as long-term capital gains are harvested.
Blackstone's capital infusion should be enough to get the stock moving again.... I would expect CROX to rally into the upper teens in 2014. The $350 million buyback should be able to reduce shares outstanding by 20-25% assuming they are able to buy at attractive levels.
Maximum settlement to TROX is not zero from an economic standpoint. TROX will earn tax deductions equal to 35% of APC's payments. Thus, if APC is required to make $5 billion in payments, TROX would thus be able to offset $1.75 billion of future tax liability (35% x $5B). Also, since NOL carryforward's can be used for 20 years (w/some limitations), they will come in very handy for TROX especially after they make a few acquisitions in the next couple months. Once there's clarity on this topic, TROX is likely to jump into the high $20's low $30's.
PE funds have been circling OVTI's wagon for the past 24 months... I would not be surprised if they finally succeed in get a deal signed up. Take-out price would be somewhere between $26-30.
TROX is currently working on a few deals that should be very accretive to long-term free cash flow and profitability. Expect at least one (possibly two) of these deals to be announced by year end.
There is no reason to sell any shares of HCLP at current levels. Earnings are going to be very solid and the outlook is looking better and better ---- one needs to consider that HCLP just raised the dividend for this quarter payout and will raise the dividend another 10+% next quarter. I was lucky and bought late last year after the Baker Hughes contract dispute. And fast forward 11 months and HCLP is now trading at $32 and change vs. the $14 I paid... The Baker Hughes contract has been resolved and re-signed up for 6 years. HCLP has closed and is in the process of fully integrating its most recent and very attractive acquisition.
HCLP can do $3/share in FCF next year applying a 12-14 multiple gets HCLP in the high $30's / low $40's and that's before the 7% dividend yield. HCLP won't be a home run however it should have no problem returning 15+% a year for the next 3+ years. Very few companies offer as compelling risk adjusted returns as HCLP.
GSE has locked up unsecured financing needed under the revised GE debt provisions, and will announce a solid top and bottom line for Q3. Europe has improved substantially from Q2, North America is still weak but slowly improving and Management's right sizing of the business is taking shape with margins up nicely.
Earnings won't be announced for at least another week maybe two. Hopefully GSE has locked up the $30 million of unsecured financing it needs under its updated GE financing requirements.
Hear what information? TUC was shopped around.... Doesn't take rocket science to know that. Was very impressed by the take-out price. On to the next one...
Free Cash flow from the brick and mortar bookstores says BKS is dirt cheap. MSFT will buy the Nook, BKS will be acquired and shareholders will see a large return in 2014.