RE: RE: RE: RE: RE: 1,373,000 common shares on opelas55131:
I do hope you get your money back and I wouldn't necessarily rule it out. A very quick demise like this one can be followed by pretty quick rise as well. It does seem like management has been really passive in the time leading up this big shakeup. Some of their acquisitions have been questionable in the past few years and 2011 seems to have been a year of reckoning for some of those. They've taken a few nasty write-downs for past mistakes.
However, if there is a silver lining, I think recent market events have sent a strong message to management that they need to step things up big time. As I understood the situation better, I realize that Mr Paupe's departure form the CFO was hardly bad news. Paupe, of course, was a key guy at Quebecor world prior to YLO and didn't do a whole lot to stop the ship from sinking there. The company needed a wake up call about their debt too.
It's not all doom and gloom though. In the midst of several questionable acquisitions, I think CanPages was a good deal that will reinforce the core business and aid the online transition. I also think that the online strategy is further along than many give it credit. The mobile apps are also going in the right direction.
The market is in the process of punishing the company right now. Some of it is probably well earned. However, when the punishment is done and the dust settles, I feel there is very some strong underlying value here.
Mark