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Insmed Incorporated Message Board

thisidistakenalready 174 posts  |  Last Activity: Mar 18, 2015 11:48 AM Member since: Feb 26, 2010
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  • thisidistakenalready by thisidistakenalready Mar 18, 2015 11:48 AM Flag

    "RANsquawk sources note that Angie's List have cancelled out of a press conference - Unconfirmed"
    "Update Details:
    -As a guide, when a company cancels out of a press conference, it often leads to speculation that they are close to releasing an important M&A announcement"

    Anybody know anything about this? I don't mean to suggest that Dex could be a target here, but a relevant competitor? Maybe their communications VP has a hangover, or has to leave early for a dentist appointment.

  • Reply to

    dxm's digital prowess

    by seanoise Mar 16, 2015 12:35 PM
    thisidistakenalready thisidistakenalready Mar 16, 2015 1:22 PM Flag

    They were smart to cut it loose, but I wonder if they didn't disclose the amount because it was embarrassing, like picking the wrong box on the old "Let's Make a Deal".

  • Reply to

    Amendment agreement

    by thisidistakenalready Mar 11, 2015 7:13 AM
    thisidistakenalready thisidistakenalready Mar 11, 2015 7:16 AM Flag

    Maybe we can stay out of the 5s for a couple of days.

  • thisidistakenalready by thisidistakenalready Mar 11, 2015 7:13 AM Flag

    Per Fast-Edgar 20150310/A9AOK22C8C22KJZZ2H2G2ZZZL9AIZ2Y2Z272/
    Item 1.01 Entry into a Material Definitive Agreement.
    Effective as of March 10, 2015 (the “Effective Date”), Dex Media, Inc. (the “Company”) entered into a First Amendment to Credit Agreement (the “Amendment”) to the Credit Agreement,...

    The material terms of the Amendment include the following:

    · the definition of “Consolidated EBITDA” is amended and restated by deleting clause “(a)(v)(A) severance costs associated with a restructuring recorded during the fiscal years ended December 31, 2015 and December 31, 2016, not to exceed $3,500,000 in any such fiscal year,” and restating it to read as follows:

    “(A) cash costs associated with restructurings (including, but not limited to, costs related to severance, IT systems implementation, and lease terminations) incurred during the fiscal years ended December 31, 2015 and December 31, 2016, not to exceed $15,000,000 and $5,000,000, respectively, in each such fiscal year,”; and

    · within 60 days of the Effective Date, DMW, subject to the procedures and conditions set forth in the Amendment and Credit Agreement, shall repurchase and retire debt either below par or at par, utilizing cash up to a maximum of $6.5 million.

    In connection with the Amendment, on or before the Effective date, the Administrative Agent shall receive, on behalf of and for the account of each Lender who consents to the Amendment, an amendment fee equal to 1.50% of the aggregate principal amount of the Loans held by such Lender as of March 6, 2015. In addition, the Administrative Agent shall receive payment or reimbursement of its reasonable out-of-pocket expenses.

  • Reply to

    New 8-K today

    by thisidistakenalready Mar 3, 2015 11:26 AM
    thisidistakenalready thisidistakenalready Mar 4, 2015 4:17 PM Flag

    "Triple LOL" ooooooooo, he's getting heavy now!
    Next, he's gonna triple-secret-double-dog-LOL you!
    Watch out.

  • Reply to

    New 8-K today

    by thisidistakenalready Mar 3, 2015 11:26 AM
    thisidistakenalready thisidistakenalready Mar 4, 2015 4:14 PM Flag

    I have no "Short Book". I'm just long, and try to be straight forward with the facts as I see them.
    Sorry if I don't pump as hard as you do - I'm too old for that #$%$.

  • Reply to

    New 8-K today

    by thisidistakenalready Mar 3, 2015 11:26 AM
    thisidistakenalready thisidistakenalready Mar 4, 2015 1:02 PM Flag

    No seb, I'm not "trying to represent" anything. Just stating a fact that, so far as any verifiable information is available, no lender has signed this document yet. Nothing has been waived. Yet.

    If they sign it, that would be welcome news, especially with the SP tanking towards the 5's this week.

    Now that you bring it back up, I do wonder though, if the expenses involved in the cost reduction plans they have already announced were in technical violation of the covenants, then why are they only moving to fix it at this relative late date? Might be a good question to ask at the conference call.

  • Reply to

    New 8-K today

    by thisidistakenalready Mar 3, 2015 11:26 AM
    thisidistakenalready thisidistakenalready Mar 3, 2015 2:20 PM Flag

    The lenders haven't signed this yet, so far as I know. They have until the 9th, if I read that right.

  • Reply to

    New 8-K today

    by thisidistakenalready Mar 3, 2015 11:26 AM
    thisidistakenalready thisidistakenalready Mar 3, 2015 11:34 AM Flag

    “First Amendment” means the First Amendment to this Agreement, dated as of March [9], 2015.

    “First Amendment Effective Date” means the date on which the conditions precedent set forth in Section 4 of the First Amendment shall have been satisfied, which for the avoidance of doubt is March [9], 2015.

    (b) by amending the definition of “Consolidated EBITDA” by deleting clause (a)(v)(A) in its entirety and restating it as follows:

    “(A) cash costs associated with restructurings (including, but not limited to, costs related to severance, IT systems implementation, and lease terminations) incurred during
    the fiscal years ended December 31, 2015 and December 31, 2016, not to exceed $15,000,000 and $5,000,000, respectively, in each such fiscal year,”

    SECTION 3. Discounted Voluntary Prepayment.

    3.1. The Borrower shall within thirty (30) days of the First Amendment Effective Date elect to effect (by notice to the Administrative Agent designating such prepayment as the “March 2015 Discounted Voluntary Prepayment”) a Discounted Voluntary Prepayment pursuant to and in accordance with Section 2.15 of the Credit Agreement (the “March 2015 Discounted Voluntary Prepayment”; and such Discounted Voluntary Prepayment offer to Lenders, the “March 2015 Discounted Voluntary Prepayment Offer”). The Discounted Voluntary Prepayment Amount for the March 2015 Discounted Voluntary Prepayment (the “March 2015 Prepayment Amount”) shall equal $6.50 million. Notwithstanding Section 2.15 of the Credit Agreement to the contrary, the Lenders hereby acknowledge and agree (i) that the March 2015 Prepayment Amount shall be derived from the Borrower’s unencumbered cash, (ii) the certification required pursuant to Section 2.15(a)(i) of the Credit Agreement by the Borrower in connection with the March 2015 Discounted Voluntary Prepayment, shall not need to include a computation (or any utilization by the Borrower) of Borrower’s Discounted Prepayment Portion of Excess Cash Flow or Bor

  • thisidistakenalready by thisidistakenalready Mar 3, 2015 11:26 AM Flag

    fast-edgar 20150303

    Item 8.01 Other Events.

    In connection with the consummation of the merger between Dex One Corporation and SuperMedia Inc., on April 30, 2013, Dex Media, Inc. (f/k/a Dex One Corporation) (the “Company”), entered into the amended and restated credit agreement, dated as of June 6, 2008, as amended and restated as of January 29, 2010, and as further amended and restated as of April 30, 2013 (as further amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company, Dex Media Holdings, Inc., Dex Media West, Inc. (“DMW”), as the Borrower (the “Borrower”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the other agents parties thereto.

    On March 3, 2015, Dex Media, Inc. (the “Company”) sought the consent of the Lenders to the proposed amendment to the Credit Agreement (the “Amendment”), providing for, among other things, that effective upon the execution of the Amendment by more than half of the Lenders under the Credit Agreement (the “Effective Date”):

    · the definition of “Consolidated EBITDA” will be amended and restated by deleting clause “(a)(v) (A) severance costs associated with a restructuring recorded during the fiscal years ended December 31, 2015 and December 31, 2016, not to exceed $3,500,000 in any such fiscal year,” and restating it to read as follows:

    “(A) cash costs associated with restructurings (including, but not limited to, costs related to severance, IT systems implementation, and lease terminations) incurred during the fiscal years ended December 31, 2015 and December 31, 2016, not to exceed $15,000,000 and $5,000,000, respectively, in each such fiscal year,”; and

    ·

  • Reply to

    We are making progress...reason for the runup

    by zake1 Feb 27, 2015 8:08 AM
    thisidistakenalready thisidistakenalready Feb 27, 2015 11:41 AM Flag

    Wow, some things never change. This board's a clown car riot.

  • Reply to

    earnings

    by zorachd Feb 26, 2015 12:40 PM
    thisidistakenalready thisidistakenalready Feb 27, 2015 7:40 AM Flag

    For some time now the earnings release has been scheduled for 3/6 or 3/8, or thereabouts.
    You can check their web site if you really want to know.

  • Article entitled "What Investors Can Learn from the Death of the Pay Phone" linked from Yahoo Finance main page.
    Evidently the Yahoo-provided link I included before caused the post to be deleted buy our alert friends.

  • It will be sent out to muppets later this week, driving it to $9 and change, maybe more.
    Then re-descending until news around earnings in March. Then...?

  • thisidistakenalready by thisidistakenalready Feb 4, 2015 11:56 AM Flag

    FWIW, from Fidelity today:

    BY Fly On The Wall
    — 10:26 AM ET 02/04/2015
    High option volume stocks: DXM DMND IACI AMRN COMM EPI DF WGO RENN CMG

  • Reply to

    Wonder where seb is?

    by joelsilver29 Jan 30, 2015 10:41 AM
    thisidistakenalready thisidistakenalready Jan 30, 2015 10:44 AM Flag

    Maybe prolific but senseless commentary doesn't make him feel smart.

  • thisidistakenalready thisidistakenalready Jan 26, 2015 12:17 PM Flag

    Seb, I'd sure like to know what you mean by that.
    I can't imagine how interest rate is NOT crucial. Also, forgive me but, I don't understand what "tenure" means here and how an "entire profile change" is relevant to the company's prosperous survival.
    With Dex's profitable print business declining, and its less-profitable-&-more-competitive digital business struggling for now, lower rates seem essential to the cash flow this company will need to turn the business around, if it can.

  • thisidistakenalready thisidistakenalready Jan 24, 2015 12:30 PM Flag

    I was thinking that "the proverbial worst is behind" us only to the extent that they can show that declining profits from the legacy print business are more than made up for by increasing profits with digital and any other alternative media.

    The markets do not seem to share whatever optimism insiders may have in that regard. If they have a compelling story in respect to their prospects for success, you would think that an advertising company should know how to covey that story. In other words, the best demonstration of their skill at communicating in the interests of current and potential client businesses would be to effectively communicate about their own business in a way that moves markets.

  • thisidistakenalready thisidistakenalready Jan 24, 2015 12:16 PM Flag

    "astute posters on this board" - that's a good one.

    I don't understand why they wouldn't refi now while rates are low and they have income demonstrably sufficient to service the debt and even to pay it down when they can make a sufficiently lucrative deal to do so.
    Shouldn't they be able to get better rates floating bonds now than they got before on those obligations that will mature next year (and 2017)? Their cash flow would improve and our share prices would, too?
    That seems the logical course of action, but obviously I'm missing relevant facts, since the smart beans counters at Dex don't seem to be trying this, yet.
    Perhaps they're hoping to buy back more of the debt at significant discounts before the 2016 refi wall hits? That seems risky unless they have ample confidence in improved revenue for better terms on a refi in the future.
    ...?

  • Looks like a SPAMfest.
    Glad to see that Yahoo moderators are on the job. /sarc

INSM
20.92+0.12(+0.58%)Apr 1 4:00 PMEDT