Comments on: No Sale for ValueVision http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/?source=rss Excel DCF Stock Valuation Spreadsheet and Calculator Tue, 09 Mar 2010 20:32:55 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Jae Jun http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1405 Jae Jun Sun, 01 Feb 2009 06:19:51 +0000 http://www.oldschoolvalue.com/?p=455#comment-1405 Hi AJ, I actually see the liquidation option to be far away. Probably not within 3-4 years due to their off balance sheet obligation. The turnaround will definitely take just as long as the current economy will prevent any sort turnaround. The quickest it can profit is when the economy booms again, but who knows how long this will last. The other option is a sale, but again, the credit markets have to ease up more and buyers will want to see the business running cleaner first. So lucky with EMAG as well. Bought it just before the recent jumps. Helps to offset losses from VVTV. I'll take a look at BBEP. Thanks. Hi AJ,

I actually see the liquidation option to be far away. Probably not within 3-4 years due to their off balance sheet obligation.

The turnaround will definitely take just as long as the current economy will prevent any sort turnaround. The quickest it can profit is when the economy booms again, but who knows how long this will last.

The other option is a sale, but again, the credit markets have to ease up more and buyers will want to see the business running cleaner first.

So lucky with EMAG as well. Bought it just before the recent jumps. Helps to offset losses from VVTV.

I’ll take a look at BBEP. Thanks.

]]> By: AJ http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1404 AJ Sun, 01 Feb 2009 00:33:25 +0000 http://www.oldschoolvalue.com/?p=455#comment-1404 Hey Jae, The question is really what will happen now. I see only 2 options: 1. Liquidation 2. Turnaround The first one would likely take 6-12 months; the second, much longer. Just see if the holding time fits your needs/horizon. Remember that most pro investors say that NOT selling and moving on is their biggest mistake ... At least you have EMAG doing well with the payout only 12 days away .... By the way, I'd also look at BBEP - while they are not a Graham stock, they are an Oil&Gas LP, so they have to distribute most of their gains .... right now their yield is close to 30% with the next coupon paid in about 2 weeks to shareholders of record on Feb 9th ... AJ Hey Jae,

The question is really what will happen now. I see only 2 options:

1. Liquidation
2. Turnaround

The first one would likely take 6-12 months; the second, much longer. Just see if the holding time fits your needs/horizon. Remember that most pro investors say that NOT selling and moving on is their biggest mistake …

At least you have EMAG doing well with the payout only 12 days away ….

By the way, I’d also look at BBEP – while they are not a Graham stock, they are an Oil&Gas LP, so they have to distribute most of their gains …. right now their yield is close to 30% with the next coupon paid in about 2 weeks to shareholders of record on Feb 9th …

AJ

]]> By: Jae Jun http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1400 Jae Jun Sat, 31 Jan 2009 08:33:23 +0000 http://www.oldschoolvalue.com/?p=455#comment-1400 Sam hyung which key stats are you referring to? Sam hyung which key stats are you referring to?

]]> By: Sam http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1395 Sam Fri, 30 Jan 2009 05:18:18 +0000 http://www.oldschoolvalue.com/?p=455#comment-1395 Jae, I don't know a whole lot about VVTV's valuation let alone the company in too much of a detail. But after a quick glance at VVTV's key statistics, it seems very attractive! Jae,

I don’t know a whole lot about VVTV’s valuation let alone the company in too much of a detail.

But after a quick glance at VVTV’s key statistics, it seems very attractive!

]]> By: MKL http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1393 MKL Thu, 29 Jan 2009 20:57:52 +0000 http://www.oldschoolvalue.com/?p=455#comment-1393 INOC and GSIC have cancelled their merger agreement. INOC and GSIC have cancelled their merger agreement.

]]> By: Jae Jun http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1388 Jae Jun Thu, 29 Jan 2009 05:31:30 +0000 http://www.oldschoolvalue.com/?p=455#comment-1388 Even if they renegotiate, unless they can somehow cancel a portion of it, the preferred is still there and the liability remains. They still pay in the end. If they can get some good terms on it, that would be really good, but I've got to start thinking about how the business will be turned around. Now that there is no sale, it seems like we are heading towards the bottom of the trough in the turnaround. Probably another good 2-3 years before VVTV can reward shareholders at this rate. Even if they renegotiate, unless they can somehow cancel a portion of it, the preferred is still there and the liability remains. They still pay in the end. If they can get some good terms on it, that would be really good, but I’ve got to start thinking about how the business will be turned around. Now that there is no sale, it seems like we are heading towards the bottom of the trough in the turnaround. Probably another good 2-3 years before VVTV can reward shareholders at this rate.

]]> By: Andrei http://www.oldschoolvalue.com/special_situation/no-sale-for-valuevision/comment-page-1/#comment-1385 Andrei Thu, 29 Jan 2009 01:03:34 +0000 http://www.oldschoolvalue.com/?p=455#comment-1385 Hi Jae Jun, Don't you think that if VVTV is able to renegotiate terms of their financing with GE capital that the stock for VVTV should see a bounce above the 55 cent level? It seems to me that there is a lot of concern about the payment that comes due later this quarter... Hi Jae Jun,

Don’t you think that if VVTV is able to renegotiate terms of their financing with GE capital that the stock for VVTV should see a bounce above the 55 cent level? It seems to me that there is a lot of concern about the payment that comes due later this quarter…

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