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That’s what the executives want, apparently.
But court still has to made a decision, probably by Dec. 18 or so. If you’re a shareholder instructions for protesting arrived in mail last week. Not looking good but I wonder if Atlas is acquiring the common on the open market right...about...now...;))
Okay, Atlas said today the purchase is complete. What’s it mean for stubborn shareholders. Anyone?
Nevertheless got notice the other day that court action continues...
https://newyork.citybizlist.com/article/641907/atlas-holdings-acquires-lsc-communications
As we hover around 2 cents per share, are we getting a Lakeside Classic edition this year? ??
Not a bad idea for Atlas as they consolidate the print market. If ever there was a value stock...
Is there any hint that could happen?
Endgame.
Time to fess up LKSD fans.
Where do we land at final share buyout price between 1 cent and $1.50? I’m thinking north of 10 cents.
I understand from the FAQ that popped out with the buy announcement that in the end it becomes entirely private. But I suppose anything possible including a hybrid structure but that was clearly not the Atlas intent at all.
Thanks. Some court dates coming up. Maybe we hear some illuminating noise.
I saw a $63 million cash number to acquire lksd but not $400 million. Can you provide a location in the 8k?
Here’s a story in the trade press. Kinda upbeat. No good reason why shareholders shouldn’t expect a fair price.
https://www.piworld.com/article/printer-lsc-communications-acquired-private-equity-firm-atlas-holdings/
So, you simply are dividing the $400 by the 30 million shares? I get it. Demand for books is still strong and printing is not disappearing. Recall the valuation during the thwarted buyout. Lean and meaner, this company can survive and thrive. Shareholders should demand a fair valuation!
It’s an argument that the $1.50 certainly is a value the company itself set for the shares so it has value. But applying it strictly in a buyout deal Agreed to by both parties...???
Okay, so where’s
Sententia Capital Management, LLC in all this hullabaloo? Anyone here anything from those folks? Silence is deafening.
$3 value? That’s an argument for SENTENTIA and Mr. Zapata (and us too) to advance in the bankruptcy court. I’m all for it certainly. I believe shareholders like Mr. Zapata and his group who have greater means than I should fight hard in that arena for fair value here. Zapata should weigh in w a public statement here too! Also, I’d like to see Atlas commit to the continued publication of the Lakeside Classics. :)) JMHO of course.
https://investor.lsccom.com/news-releases/2020/03-02-2020-132316073
Try the Butterball. Let us know what you think. How about our friend the activist investor? The Navy (?) veteran guy with all the shares? What’s he think I wonder.
No word yet on Atlas price per share in sale? I’m not seeing anything..
We’re up thankee but where does share price go from here- any guesses?
Good deal guys. Hoping for smoother sailing for this storied enterprise and continuing employment and publication of Lakeside Classics! Cheers.
I think the company needs to put out at least a short statement in this auction. I’ve seen nothing.
Excellent point. Where did our friend heaven bound bound off to? Time we found out what’s what. Any guesses as to the successful bid?
Quiet around here. Too quiet.
Epic? Let’s get to .10 cents. ??
Where those buyers go? Awfully quiet round here..
Funny action today. Somebody or somebodies like this under 7cents. Maybe we have a floor. For the record I think there’s lots of value here and this stock even in Cpt. 11 oughta be north of $1 at least. A historic, great company. Who here is familiar with the Lakeside Classics? A marvelous book series.
Management isn’t saying anything in that regard.
Financial Highlights:
Net sales of $532 million compared to $869 million in the second quarter of 2019
Organic net sales decrease of 29.1% from the second quarter of 2019
GAAP net loss of $63 million, or $1.86 per diluted share, compared to net loss of $25 million, or $0.72 per diluted share, in the second quarter of 2019
Non-GAAP net loss of $16 million, or $0.46 per diluted share, compared to non-GAAP net income of $3 million, or $0.09 per diluted share, in the second quarter of 2019
Non-GAAP adjusted EBITDA of $15 million, or 2.8% of net sales, compared to $53 million, or 6.1% of net sales, in the second quarter of 2019
Cash balance of $97 million as of June 30, 2020, providing sufficient liquidity to continue to fund ongoing operations
No drawings under our debtor-in-possession ("DIP") credit facility
http://www.wcsjnews.com/news/local/lsc-communications-closing-in-dwight-around-400-jobs-impacted/article_b4a332ba-d1e3-11ea-884e-434ee5e7af99.html
Another plant closing..should strengthen finances.
Plus a rather good quarterly report has hit the wires. Quinlan upbeat on reorganization.
Okay then. What’s the scenario in which lksd emerges from Cpt. 11 with stock value intact and potential growth?
It’s in Chapter 11.
Why would it be interesting?
I’m not the one promoting an apparently bogus rating here.
The burden is on you to prove it exists or ever existed.
And you can’t. You and others have no verifiable information, just hype and insult.
Thank you.
Where’s the link? It only exists here on this board, thus suspect.
Sorry, but no. I can find no indication of a Zacks Strong Buy anywhere in recent history.
Again, where did you get this from exactly?
That would be great. Unless you’re short a 6-cent stock. Who does that? ??
Well, that’s more like it. It is a Zacks “hold.”
That’s at least accurate.
What makes anybody think a buyout is happening before the month is over?
Indeed, it’s for now a company in cpt. 11 that could emerge possibly with stock intact. It has assets, real book value and the possibility of a white knight, maybe even Amazon, snatching it up at bargain basement prices. Amazon could print their own books, but really, will that pass Fed. Scrutiny?
Who rknows.
That settles it then.
There is no Strong Buy on this from Zacks or anybody else. It’s in BK. Let’s keep this factual as the situation is complex enough as it is.
There is nothing on Zacks website for this. It is not rated a buy. That’s easily confirmed by Zacks members. Anyone can post on Twitter.
I can find no link to this supposed Zacks upgrade.