RE: Lestat = capitulation
Bradford i think you are wrong about Lestat , he is admittedly a newbie, and in most cases they are the first to capitulate. YLO will not be status quo until a 2013 default, they need to deal with the Ylo.pr.a before then and i expect both a`s and b`s to be converted.
I thought it may happen this summer, but it appears the management of YLO still in denial, and believe next Q will mark the stop of the print decline and an improvement in the online segment. They cant possibly writedown the goodwill any further, basically they have negative value for the earnings as it is. Never mind the 100 year brand name and existing customers.
HOWEVER , their ability to grow shareholder value has been proven to be abysmal , by anyone`s standards. So betting on future revenue gains and a turnaround is a bit of a longshot.
It could happen that once YLO proves print decline has come to a halt and online is gaining, the banks may look at extending the debt lines and lines of credit , to help appease the nearterm worries of default.
Worth a small bet, but dont bet the farm.
"They cant possibly writedown the goodwill any further, basically they have negative value for the earnings as it is. "
how about because they don't have any good will to write down?