Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
|glenbradford-wordpressLife & Philosophy|1 min read

$Y $Y.CA $Y.CN Canso notes

the stock is currently $11-$12. the whole thing is trading at 2x ebitda

at a 10 percent distribution yield all the retail world is owning them at 10x ebitda

if you take the digital part of the business out there's a similar business without the legacy print in the united states without the dominant market position and salesforce trading at 30x ebitda

our numbers even with very accelerated decline in print suggest that the debt will be repaid within 2-3 years.

http://lysanderfunds.com/2010/wp-content/uploads/2013/07/Conference-Call-2.mp3

http://lysanderfunds.com/2010/wp-content/uploads/2013/07/Lysander-conference-call-July-18-2013.pdf

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Disclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.