The Zacks Analyst Blog Highlights: SuperMedia, Dex One, Google, Yelp and Sprint Nextel

   The Zacks Analyst Blog Highlights: SuperMedia, Dex One, Google, Yelp and
                                Sprint Nextel

PR Newswire

CHICAGO, March 22, 2013

CHICAGO, March 22, 2013 /PRNewswire/ announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include SuperMedia Inc. (Nasdaq:SPMD),
Dex One Corporation (NYSE:DEXO), Google Inc. (Nasdaq:GOOG), Yelp, Inc.
(NYSE:YELP) and Sprint Nextel Corp. (NYSE:S).


Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter:

Here are highlights from Thursday's Analyst Blog:

Can Yellow Pages Make a Comeback?

SuperMedia Inc. (Nasdaq:SPMD) and Dex One Corporation (NYSE:DEXO) , two of the
nation's largest "yellow page" companies, announced earlier this week that
they have filed for Chapter 11 bankruptcy protection. This is part of a plan
to merge into one entity. According to Dex One's General Counsel Mark W.
Hianik, the merger will result in annual savings of $175 million.

The merger plan, revealed in August 2012, has received support from
shareholders as well as a majority of the company's lenders. As per the
Chapter 11 petition, Dex One has $2.84 billion in assets and $2.79 billion in

SuperMedia has declared assets of $1.4 billion and $1.9 billion of debt.
SuperMedia's Chief Financial Officer has said that the companies will be able
to utilize $1 billion in net operating losses from Dex One to save around $400
million in income taxes in the future.

This is not the first time these companies have filed for bankruptcy. In 2009,
SuperMedia filed, emerging only in December that year, with Dex One following
suit the next month. The single entity formed out of the merger is expected to
exit bankruptcy in 60 days.

What this development draws attention to is the dwindling fortunes of the
yellow pages business. There are several indications that the directory
business is steadily shrinking. With the proliferation of digital media, the
likes of Google Inc. (Nasdaq:GOOG) and Yelp, Inc. (NYSE:YELP) have challenged
the paper directory business in a manner it is finding difficult to combat.

For instance, leisure-related searches, such as restaurant locations, have
moved almost completely online. This has led yellow page companies to invest
more in improving their digital business, through which their customers can
have an online presence.

Additionally, many larger companies have sold or spun off their directories
businesses. In fact, the companies in question, Dex One and SuperMedia were
both formed as a result such moves. Dex One was formed out of the directories
businesses of Sprint Nextel Corp. (NYSE:S) and Qwest Communications, which no
longer exists.

Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter:

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the

Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter

About Zacks is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at

Visit for information about the performance
numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

SOURCE Zacks Investment Research, Inc.

Press spacebar to pause and continue. Press esc to stop.