Myth465 Posted January 16, 2011 Share Posted January 16, 2011 Here is the write up in question. It was running for a while (my guess is based on the write up) but has calmed down over the last few days. http://www.sumzero.com/postings/3557/guest_view I have a relatively small position which may be a bit premature. I think they have several strong catalyst (CEO, Big Board Listing, Di-vestures / Acquisitions, Strong cash flow) and like the Oz and Canadian businesses. Harry I look forward to the conversation and merkhet we can continue to discuss her as well. Link to comment Share on other sites More sharing options...
stahleyp Posted January 16, 2011 Share Posted January 16, 2011 Harry I look forward to the conversation and merkhet we can continue to discuss her as well. Dannnng, son. I gotta see this girl! Link to comment Share on other sites More sharing options...
Myth465 Posted January 16, 2011 Author Share Posted January 16, 2011 Harry I look forward to the conversation and merkhet we can continue to discuss her as well. Dannnng, son. I gotta see this girl! Shes a looker, If only I could edit your posts lol. Link to comment Share on other sites More sharing options...
gokou3 Posted January 16, 2011 Share Posted January 16, 2011 Here is the write up in question. It was running for a while (my guess is based on the write up) but has calmed down over the last few days. http://www.sumzero.com/postings/3557/guest_view I have a relatively small position which may be a bit premature. I think they have several strong catalyst (CEO, Big Board Listing, Di-vestures / Acquisitions, Strong cash flow) and like the Oz and Canadian businesses. I feel fortunate (thus far) to have entered into a position on market open last Monday after reviewing the sumzero article that hit my inbox the weekend before. The valuation seems compelling presuming the company can somewhat maintain their current cashflow. All growth opportunities, management, divestitures / M&A, & refinancing would be call options. By the way, the sumzero author mentioned refinancing opportunity. I have browsed through the indentures and it seems to me that the majority of the $130mm of 13% Senior Secured Notes won't be cost-effectively refinance-able until at least 2013. The other loan, the $114mm of 14.25% Subordinated Notes, can be. Even so, refinancing only the 14.25% note will result in considerable interest savings that add straight to the bottom line. Maybe an expert on refinancing can shed some lights. Link to comment Share on other sites More sharing options...
merkhet Posted January 17, 2011 Share Posted January 17, 2011 They can take care of the 2016 notes if there's a change of control @ 101%. Additionally, I believe they have the ability to repurchase via excess cash flow. If I had to guess, they'll likely lever up Arbinet post-purchase to pay off the 2013 notes, then use the excess cash flow to pay down 2016 notes until they sell the company. Link to comment Share on other sites More sharing options...
Myth465 Posted April 16, 2012 Author Share Posted April 16, 2012 Very interesting news. http://online.wsj.com/article/BT-CO-20120415-713744.html I predict Monday will be a good day for the warrants. Link to comment Share on other sites More sharing options...
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