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Marc Tellier: "Yellow Media bondholders have no real leverage until next year"

Glen Bradford
Glen Bradford@DoNotLose
·1 min read

Yellow Media Inc. president and CEO Marc Tellier: Yellow Media bondholders have no real leverage until next year, when the company must refinance its debt. The biggest risk is that in the meantime, morale at Yellow Media gets so bad that the company’s main asset, its sales force, starts leaving.

Graham Hughes/The Canadian Press

Yellow Media Inc. president and CEO Marc Tellier: Yellow Media bondholders have no real leverage until next year, when the company must refinance its debt. The biggest risk is that in the meantime, morale at Yellow Media gets so bad that the company’s main asset, its sales force, starts leaving. Graham Hughes/The Canadian Press

Yellow Media Inc. president and CEO Marc Tellier: Yellow Media bondholders have no real leverage until next year, when the company must refinance its debt. The biggest risk is that in the meantime, morale at Yellow Media gets so bad that the company’s main asset, its sales force, starts leaving.

Graham Hughes/The Canadian Press

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Glen Bradford

Glen Bradford

Investor · Builder · Writer

MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.

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