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Yellow Pages Ltd T.Y

Alternate Symbol(s):  YLWDF

Communication Services
Yellow Pages Limited is a Canadian digital media and marketing company. The Company offers targeted tools to local businesses, national brands and consumers, allowing them to interact and transact within the digital economy. It offers small and medium-sized enterprises (SMEs) across Canada full-serve access to a comprehensive suite of digital and traditional marketing solutions, such as online and mobile priority placement on its digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions, as well as print advertising. Its media properties, primarily desktop, mobile and print, continue to serve as effective marketplaces for Canadian local merchants, brands and consumers. The Company holds local online properties, including YP.ca, Canada411 and 411.ca. It also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories.


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Yellow Pages Ltd
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Comment by bradford86on May 20, 2013 11:29pm
178 Views
Post# 21419316

RE: RE: RE: RE: RE: RE: RE: how would a refinancin

RE: RE: RE: RE: RE: RE: RE: how would a refinancin

This is going to be the end of me entertaining this false paradigm. I'll leave a list of videos below... but you should look into Enterprise Value concepts.

Alright. with the video list below, understand that right now if they were to refinance at a lower rate i believe that they would have $250M of LFCF that amounts to dividends per share of around $7.14 per year. If you use your strategy and divide that across 120m shares, you have destroyed the value of the equity, knocking it down to $2.08 per share per year.

Note that:

1. Companies that have debt do pay dividends.

2. Companies can and should take on as much debt as they can reasonably pay down using their cash flows during a crisis.

Anyway, I encourage you to read Ben Graham's security analysis. specifically note on page 509:

"The optimum capitalization structure for any enterprise includes senior securities to the extent that they may safely be issued and bought for investment"

here is a link: https://www.glenbradford.com/files/Stocks/security-analysis-benjamin-graham-6th-edition-pdf-february-24-2010-12-08-am-3-0-meg.pdf

https://www.youtube.com/watch?v=pa92UdJCaos

https://www.youtube.com/watch?v=Egb9ECG94EU

https://www.youtube.com/watch?v=1uo1dSzYmdM

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