BlueLinx Holdings Inc New (BXC)

BlueLinx Announces Full Repayment of Term Loan

BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that the Company repaid the outstanding principal balance under its term loan facility of approximately $16 million on April 2, 2021. The payment was funded through existing availability under the Company's revolving credit facility.

"Our voluntary repayment of the term loan reduces cash interest expense and further simplifies our capital structure, which is consistent with our disciplined approach to managing our balance sheet," stated Kelly Janzen, CFO of BlueLinx. "Given the continued, underlying strength of our end-markets and strategic approach to managing working capital, we remain focused on deleveraging, while maintaining ample liquidity to support our profitable growth objectives."

Opened up a position at the 50dma.

News; $BXC BlueLinx Announces Third Quarter 2020 Results

Net Sales of $871 million generating Net Income of $55 million Record Adjusted EBITDA of $81 million compared to $19 million in Q3 2019 $181 million Decrease in Total Outstanding Bank Debt since Q3 2019 MARIETTA, Ga., Oct. 28, 2020 (GLOBE NEWSWIRE) -- BlueLinx Hold...

In case you are interested BXC - BlueLinx Announces Third Quarter 2020 Results

Wow!!! So glad I jumped in back in March.

Anyone think we’ve hit bottom here?

Is the stock actually moving though?

Some group took on a mountain of legal risk to exit their position. It appears that after the Nov crash from $36 to 8 that a group decide to register a acquisition group with the SEC in Dec to potentially manipulate the PPS back up so they could exit with minimal damage...they know the SEC will be easily be able to track who it is but often is cheaper to pay "slap on the wrist" fines than to take a massive loss...

You provided the helps, that's all you can do.

SEC needs to do something!!!

and even more so for the OTC


with the epidemic of FAKE NEWS and other FAKE stuff

I can only try to lead my friends to water....


I cant make them DRINK

lol

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153983102

I can only try to lead my friends to water....


I cant make them DRINK

lol

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153983102

B/S lips talks coronavirus treatment. rotflmao.
Peter Navarro clarifies the path ahead for a coronavirus treatment
https://www.foxbusiness.com/healthcare/coronavirus-drug-treatment-peter-navarro

Wonder if 3600 lot on ask is short or someone trying to get out what a shame

I agree pathetic the market is so corrupt

Yah sec should be all over this ..

FAKE CHIT! B/S to get stock move that's pathatic.

FAKE TENDER OFFER=FAKE NEWS BlueLinx Responds to Misleading Public Statements by Bluefin Acquisitions
https://www.benzinga.com/pressreleases/20/02/g15400255/bluelinx-responds-to-misleading-public-statements-by-bluefin-acquisitions

Glad i didn’t hold this crap sec needs to investigate bluefin for misleading shareholders !

please post a link

Message in reply to:

Dump time offer not legitimate ! News out

Dump time offer not legitimate ! News out

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153993437

Naw ill hold just starting

yes in both direction, BXC 17.16



is a SELL


lol

$14-$16.22 nice bounce


BXC

DUE Today, so let me know right away if you see it= https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153968860

Shorts better cover asap ! Going

Short squeeze coming 10% of float short

Bbq”ing shorts later this evening :D everyone’s welcome

Market manipulation :P watch it @ open $$$

$15.42 not a good signal

hope you made/make $

Exaclty 911 trades before p/m hmm mm signal ???

Bluefin confirmed offer of $24.50 we shall see monday after “TO” is reported :D lets goo bxc !!

I trade on news not on traders dd, but good looking out :)


Bxc will be easy $$ from these levels !

BLUElinx + BLUEfin =

only found little on the supposed buyer



which makes this even more suspicious


https://formds.com/issuers/bluefin-acquisitions-llc


https://sec.report/Document/0001787162-19-000002/

$1M far cry from $821,000,000 they are offering BXC
https://www.whoisraisingmoney.com/bluefin-acquisitions-llc

No place for emotions on wall street just follow the news and $$ :P #BXC lets go !


$$$

Its coming monday ~> tender offer statement on Schedule TO will be filed and available no later than Monday February 24, 2020 and will available to shareholders thereafter through the SEC's website and Morrow Sodali LLC

Bluefin “confirmed $24.50 Tender offer and The tender offer statement on Schedule TO will be filed and available no later than Monday February 24, 2020 and will available to shareholders thereafter through the SEC's website and Morrow Sodali LLC ?

They released and confirmed this late before fridays close why do you think they would lie and get charged by sec for it doesnt make sense lmfao.



Bluefin Acquisitions confirms tender offer to acquire BlueLinx for $24.50/share Bluefin Acquisitions issued a press release to confirm the offer for BlueLinx Holdings announced on February 20. "The tender offer statement on Schedule TO will be filed and available no later than Monday February 24, 2020 and will available to shareholders thereafter through the SEC's website and Morrow Sodali LLC, the information agent for the offer," Bluefin Acquisitions stated in its press release. The Fly notes that BlueLinx Holdings responded yesterday to the original press release "issued by an investment firm that goes by the name of Bluefin Acquisitions, LLC." BlueLinx said: "In its press release, Bluefin Acquisitions claimed that it was making a tender offer to acquire at least 35% of the company's common stock at a price of $24.50 per share. The company was not aware of this purported offer." Read more at: https://thefly.com/landingPageNews.php?id=3037953

Why attack everyone?

WHAT A CROCK OF CHIT!!!!


WTF makes a tender offer for 35% of shares 9.58M= 3.3M x $24.50= $821M

https://finviz.com/quote.ashx?t=bxc&ty=c&ta=1&p=d




but the company doesnt know= ROTFFFFFFFFFFFFFFFFLLLLLLLLLLLLLLL0L!!!!!!!!!!!!!


BlueLinx's stock tumbles after company refutes announcement of tender offer from Bluefin Acquisitions
https://finance.yahoo.com/news/bluelinx-responds-press-release-third-013900640.html



BlueLinx Responds to Press Release from Third Party
https://finance.yahoo.com/news/bluelinx-responds-press-release-third-013900640.html

@$16.65 should be 20$+ by Monday at the minimum !


Bluefin Acquisitions confirms tender offer to acquire BlueLinx for $24.50/share Bluefin Acquisitions issued a press release to confirm the offer for BlueLinx Holdings announced on February 20. "The tender offer statement on Schedule TO will be filed and available no later than Monday February 24, 2020 and will available to shareholders thereafter through the SEC's website and Morrow Sodali LLC, the information agent for the offer," Bluefin Acquisitions stated in its press release. The Fly notes that BlueLinx Holdings responded yesterday to the original press release "issued by an investment firm that goes by the name of Bluefin Acquisitions, LLC." BlueLinx said: "In its press release, Bluefin Acquisitions claimed that it was making a tender offer to acquire at least 35% of the company's common stock at a price of $24.50 per share. The company was not aware of this purported offer." Read more at: https://thefly.com/landingPageNews.php?id=3037953

Gotta slap ask no ones selling into bid shorts covering as we speak lol

10% short !! Squeeze time after hrs

Crazy were at 16$ $8.50 a share gain if accepted !!

$24.50 Buyout Confrimed !! ~> Bluefin Acquisitions confirms tender offer to acquire BlueLinx for $24.50/share

Bluefin Acquisitions confirms tender offer to acquire BlueLinx for $24.50/share Bluefin Acquisitions issued a press release to confirm the offer for BlueLinx Holdings announced on February 20. "The tender offer statement on Schedule TO will be filed and available no later than Monday February 24, 2020 and will available to shareholders thereafter through the SEC's website and Morrow Sodali LLC, the information agent for the offer," Bluefin Acquisitions stated in its press release. The Fly notes that BlueLinx Holdings responded yesterday to the original press release "issued by an investment firm that goes by the name of Bluefin Acquisitions, LLC." BlueLinx said: "In its press release, Bluefin Acquisitions claimed that it was making a tender offer to acquire at least 35% of the company's common stock at a price of $24.50 per share. The company was not aware of this purported offer."

Read more at:
https://thefly.com/landingPageNews.php?id=3037953

News: $BXC BlueLinx Holdings Announces Update on Deleveraging Initiatives and Operations; Highlighted by Volume Gains and Active Discussions on Real Estate Opportunities

MARIETTA, Ga., Nov. 26, 2019 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced an update on its deleveraging initiatives and operations. The Company continues to actively explore sale lease...

Find out more BXC - BlueLinx Holdings Announces Update on Deleveraging Initiatives and Operations; Highlighted by Volume Gains and Active Discussions on Real Estate Opportunities

WOW!! This ship may be sinking. Can management turn it around?

In light of the expensive term loan, they need sales to grow fast now that some of the cost synergies are being delayed. We don't know if they're being delayed 1 year or 3 or 5. Delaying $8 million in cost synergies is significant for this small company with slim margins. I think for many investors, management's credibility just took a hit. Lots of hedge funds probably have talked to management and have been impressed with the optimistic targets, only to be hit in the face with that earnings call last week. This is a very popular hedge fund hotel.

I think buying here today has a 4x or more upside opportunity if management can hit their growth targets and capture remaining synergies in the future. But look out below if we have a downturn in housing before the term loan matures.

Leverage + cyclicality + merger integration with lofty targets = high risk/high reward. It's been a good stock to buy when optimism is nowhere to be found, but admittedly I'm a bit less optimistic this time around. Everyone has their own risk appetite.

Still down.....they lost the LP distribution in Oklahoma this year. That was a big loss in sales for the region.

Maybe oversold now and time to squeeze the shorts??