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Strategies & Market Trends : Value Investing

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To: Lazarus who wrote (45786)12/3/2011 2:04:59 PM
From: Sergio H  Read Replies (2) of 78748
 
Hi Lazarus. I looked at dexo briefly and passed because their credit rating was recently lowered. I have not read the two recent write ups that have pushed the stock up and don't know much about dexo.

alacrastore.com

Abstract: Cary, N.C.-based directory publisher and marketing services company Dex One Corp.'s revenues continue to fall rapidly, and it is our view that the unfavorable outlook for print directory advertising will keep the business under pressure. We are lowering our corporate credit rating on Dex One to 'CCC+' from 'B-'. We are also lowering our issue-level ratings on Dex Media East Inc.'s, Dex Media West Inc.'s, and R.H. Donnelley Inc.'s term loans to 'CCC' from 'B-'. We revised recovery ratings on all three issues to '5' from '4'. The negative outlook reflects our expectation that Dex One's declining business fundamentals could hinder the refinancing of its currently outstanding 2014 debt maturities of approximately $2.30 billion. On Nov. 16, 2011, Standard&
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