Comments on: RHD Posts Ad Sales Gain, Gloomier Outlook for 2008, Winebaum Steps Down

By: Charles

Charles — Fri, 29 Feb 2008 16:46:56 +0000

I am not sure where the bottom is, but it can’t be that far away, given how much these shares have declined. As for which other industries have experienced similar sell offs, I can’t think of one off hand, except perhaps the dumping of speculative Internet stocks a few years back. Directory stocks are anything but speculative, however. it’s worth noting that while directory shares outside the U.S. are also suffering, they are not getting hit quite as hard as RHD or Idearc.

By: david

david — Fri, 29 Feb 2008 03:54:55 +0000

My question is, at what point do these companies stocks hit bottom? I can’t think of any other industry that has experienced such rapid sell offs.

By: tory

tory — Fri, 29 Feb 2008 02:02:47 +0000

Charles, I don’t feel too sorry for Jake who might have walked away from 100s of millions now might only have 10s of millions. He is still laughing all the way to the bank. while the RHD folks figure out what exactly is the incremental benefit business.com.

By: Charles

Charles — Thu, 28 Feb 2008 23:11:27 +0000

Tory,
There’s no doubt that Jake has plenty of walk away money, and he made use of the luxury that allows. My understanding is that there was a holding period on the RHD stock he purchased as part of the Business.com acquisition, so I believe he still has those shares.

By: tory

tory — Thu, 28 Feb 2008 22:55:15 +0000

Should be no surprise that Jake Winebaum resigned. Why would somebody with a few hundred millions of dollars want ot stick around and answer to a bunch of old Print guys. He probably sold all his RHD stocks months ago.

By: YPBeliever

YPBeliever — Thu, 28 Feb 2008 21:03:30 +0000

These companies RHD and Idearc will very soon get to the point of negative equity.
Companies lacking a strong network of traffic sources are in for a wild ride…