New board member with a history of bankruptcy in his background does not look good for the useless management team at SGAS. It won't be long now, no one put a meaningful bid in since the place has been on the market, only a few low ball offers to catch the knife before it fell into bankruptcy. Look forward to the vultures picking at the carcass while the management team that can't grow cloud business offerings in the most historic technology growth market of our time, takes their severance and moves on to the next company that doesn't hold you accountable for your results.
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I believe it just not in April we shall see
The only fools are those that don't believe it's going Chapter 11/13 in the next week. Good luck
April fool's day... Nice try
tick tock tick tock, the mouse is running around the clock, the clock strikes 12 in 5 days
because it takes ten seconds to google search someone and understand what they do, where they've been and what the outcome has been, I'm sure they don't want even more people heading for the exits. CEO hasn't made decisions in years, operating board member was forced in by the board, operating board member brought in useless sales lead with absolute zero track record of success at last 5 companies, another board seat had to be given up to get loan at credit card interest rates for last funding, and now another board seat to begin dissolving the place, remember, you never hear the bullet
Hmm, and we weren't told about this new board member because?
$470.8 million term loan due September 2021, $425 million senior unsecured notes due April 2022, and $425 million term loan due October 2022. 1.3 Billion in Loan repayments. Pathetic. There isn't a hope of surviving that!! Dead business....going, going, gone...!!
Is the company dead ...yes, but we have time. Not sure it will be a good place to work, trust me it won't less to do more. It will s---. See the facts below. We will default on the loans for sure that is a fact. And no how no way we we get bailed out by a bank again. Just matter of time. Moody's rate us at negative outlook and we will default. Don't let anyone try a snow you.
. The nearest maturing debt is the $470.8 million term loan due September 2021, followed by the $425 million senior unsecured notes due April 2022 and $425 million term loan due October 2022.
No loan due in May, but what a glowing review from Moodys.
There is no loan due in May. Check your facts.
https://m.moodys.com/research/Moodys-affirms-Sungard-Availability-Services-CFR-at-B3-outlook-negative--PR_384470
Default on loan in May
Dead company walking
Yeah, giggles will be real open about what’s going on
Agree with the last poster. I guess we'll hear more at today's meeting
While the OP maybe right in analyzing the direction of SunGard, the timeline is difficult to lay out. It might be April 2019 or April 2020. I'd take any dates in this forum with a grain of salt. You can read all the articles you'd like and speculate all you want but in the end it goes down to numbers. Not saying this as a shill for SunGard but trying to time a sell-off is a fool's endeavor - it will happen when the numbers dictate.
Simple. Selling more facilities, more layoffs and offshoring and then chapter 11.
So , Go on. I'm listening. How does this work from here ?
As I said, history of dealing with distressed assets, bankruptcy proceedings etc....you must be an exec trying to put more lipstick on the pig
MONARCH ALTERNATIVE CAPITAL LP
Monarch Alternative Capital LP is a private investment firm with offices in New York and London. The firm focuses primarily on the debt of distressed and bankrupt companies and has a long standing and successful track record in the distressed debt asset class.
Background
Mr. Patrick J. Bartels, Jr., served as Managing Principal of Monarch Alternative Capital LP. Mr. Bartels also served as a Vice President at the firm. He joined Quadrangle as an Associate in May 2002 and focused on its distressed debt business. Prior to joining Quadrangle in 2002, Mr. Bartels served as a Research Analyst for High Yield Investments at Invesco Advisers Inc., where he analyzed primary and secondary debt offerings of companies in various different industries. ...
Read Full Background
https://www.sungardas.com/en/about/who-we-are/board-of-directors/patrick-j-bartels-jr/
What's the name?? When did they join?
No surprise
lol - OP, don't hold back, tell us how you really feel...