ymekovo.wordpress.com
GimmeCredit analyst David Novosel also saidthe company’ s postponed deadline for bids on the may reflecty “a paucity of interest in the newspaper.” The New York Timee Co. (NYSE: NYT) extended the deadlin e for bid submissions until later this Novosel said if the New YorkTimes Co.’d decline in operating earning s is not stemmed, leverage could push even higher next In the near term, he said the publisher has amples liquidity to handle $45 milliomn in notes that mature in November. And there’s no debt comint due in 2010. However, the company still has aboutf $1.
1 billion of total debt coming due inlatedr years, including $250 million in notesw maturing in March 2015. Yields on that issue have soares toabout 12.5 percent, and the debt tradezs for 70.10 cents on the dollar, accordint to Bloomberg data. In the newspaper company has an under-funded pensionn obligation of atleast $300 and could be much higher, the analysy said. “Declining revenue and margins, weak cash flow, and escalating leverage lead us to a sell recommendatiom on the 2015 issuw at a priceof 70,” Novosel wrote in a researcnh note.
ليست هناك تعليقات:
إرسال تعليق