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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by monzieon Feb 15, 2012 12:18am
242 Views
Post# 19535501

RE: RE: RE: 2012 Q1 will surprise

RE: RE: RE: 2012 Q1 will surprise

Lestat, just to help you out a bit, you're overlooking the cost of closing Canpages i.e severance packages for the employees who were let go, paying property taxes or rent on the unused offices etc. So yes the sale of Canpages is a good thing for the future of YLO but it won't have an impact on the 1st quarter financials.  And adding to your previous post about YLO miraculously being able to pay $800 million down on their debt in 2011, despite it being a very bad economical year- don't forget $700 million of it came from the sale of trader and $72 million of it came from the sale of LesPac, not from their income. The real test will be to see how much they can pay off without selling assets. 

Bullboard Posts