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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by aclcmcon May 05, 2011 9:13am
185 Views
Post# 18533354

RE: conference call today

RE: conference call todayI don't have the time to listen, but would also appreciate a synopsis from anyone who does. The following is key for me because Yellow is talking about buying back up to 10% of its common with its post-Trader free cash flow – and post-dividend payout. My take: The divvy is secure and the FCF position is strong enough to think in terms of a 10% buyback that will become immediately accretive to Yellow's profit line. Here's what I think is important (from the Yellow release): "The Company plans to purchase for cancellation up to but not more than 10% of the public float of the common shares and of each such series of first preferred shares outstanding. The Company believes that the current trading price of its shares does not adequately reflect business fundamentals and future prospects of the business. The share repurchase will be financed through the proceeds from the sale of Trader as well as free cash flow in excess of dividends. The Company expects it will be immediately accretive to earnings per share." aclcmc
Bullboard Posts