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Re: Q3 (Evercore/Barclay's want to control the message) ... 

By: Rak in IDCC | Recommend this post (3)
Mon, 24 Oct 11 6:15 PM | 270 view(s)
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Msg. 43342 of 48237
(This msg. is a reply to 43337 by zzfan)

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Evercore/Barclay's want to control the message. They, not management, are negotiating with the interested buyers. Evercore/Barclay's do not want management, while creating a market between interested parties/consorita, peppered with loaded questions from analysts on calls, like from Arete, to unnecessarily throw a wrench in the process. Every hem and haw will be scrutinized and the last thing they want is Bill Merritt to channel his inner Goldberg/Tilden and get randy by giving out nuggets of information. Keep management quiet is E/B's intentions by cancelling the conference calls. As Ron Shuttleworth re-iterated today, "The company continues to tell us that the process continues with multiple parties including consortia." I think it is all about the submitted and/or subsequent bids now otherwise it makes little sense why manageemnt is not having an earnings conference call.




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The above is a reply to the following message:
Re: Q3
By: zzfan
in IDCC
Mon, 24 Oct 11 4:45 PM
Msg. 43337 of 48237

This is getting more and more confusing. Every BOD in America looks at strategic alternatives, but the companies still conduct earnings conference calls with respect to the past quarter's numbers. On the bright side, it makes no sense to announce a bad quarter early so it appears that the fellas are satisfied with the results. Perhaps a few nuggets have been uncovered through customer audits during this silent period.

MO
zzfan


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