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Yellow Pages Ltd T.Y

Alternate Symbol(s):  YLWDF

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.


TSX:Y - Post by User

Comment by whodathunkiton Nov 11, 2023 12:00am
137 Views
Post# 35729879

RE:RE:RE:RE:RE:Q3 FCF

RE:RE:RE:RE:RE:Q3 FCFI'm not arguing that all shareholders are not being treated equal.  What I'm saying is what they are doing is ultimately leading to a privatization.  The 3 largest shareholders don't trade their shares on the open market.  The NCIB portion of the buy backs are on the open market which means they are reducing the number of minority shares outstanding (thereby increasing the ownership % of the 3 largest shareholders).  They are buying the 25% from every shareholder, equally, at an arbitrary price.  If they were to announce that they were taking the company private they would have to offer a premium to entice people to sell.  The way they are doing it now is setting a below market price and reducing the number of outstanding shares.  When they do take it private, the number of shares they will have to pay a premium on will be greatly reduced thereby saving the private owners a pile of money.

And, they are issuing more shares in stock options internally which means management will retain more ownership and therefore benefit when it is privatized.

They also know that going forward this company will be a cash cow.  Instead of paying the current shareholders healthy dividends, which would drive up the share price as well, they are using the cash to quietly privatize the company without saying so.

Maybe it's legal, but morally it is so so wrong.

Cheers.

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