This is a fascinating story but on the wrong side...
This is the story of a 14$ stock (before converting to a regular company from an income fund) that was paying great dividend but crumble under debt and pressure in the printed media business.
Since a year, it has seen it's value decline by almost 99% but it was before one of the most profitable business in Canada.
I would also guess that not that long ago, everybody was under the impression that YLO would disappear BUT in the last quarter it generated a profit of 6 cents per share after a loss of over 2B$ in the previous quarter.
YLO will be releasing the Q1 results tomorrow and based upon the way stock trend actually, momentum is coming back on the 3 different stocks that you can buy:
Regular stock YLO
preferred YLO.PR.A
preferred YLO.PR.B
The preferred shares can be exchanged, at company discretion, for regular shares.
Personnally i do not think that YLO is done. The transition to an electronic media company from the original printed media has been very difficult but i suspect it is on track to get it done right.
If that is the case, expect a super leg up from YLO effective tomorrow after their results release.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the play of the day on Twitter: @investman2
This is the story of a 14$ stock (before converting to a regular company from an income fund) that was paying great dividend but crumble under debt and pressure in the printed media business.
Since a year, it has seen it's value decline by almost 99% but it was before one of the most profitable business in Canada.
I would also guess that not that long ago, everybody was under the impression that YLO would disappear BUT in the last quarter it generated a profit of 6 cents per share after a loss of over 2B$ in the previous quarter.
YLO will be releasing the Q1 results tomorrow and based upon the way stock trend actually, momentum is coming back on the 3 different stocks that you can buy:
Regular stock YLO
preferred YLO.PR.A
preferred YLO.PR.B
The preferred shares can be exchanged, at company discretion, for regular shares.
Personnally i do not think that YLO is done. The transition to an electronic media company from the original printed media has been very difficult but i suspect it is on track to get it done right.
If that is the case, expect a super leg up from YLO effective tomorrow after their results release.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the play of the day on Twitter: @investman2
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