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$LOGM must see Logmein Inc Nasdaq Logm Short Squeeze
LogMeIn Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 17, 2019
Tags: United States LogMeIn Francisco Evergreen Corporate Affairs Mergers & Acquisitions
A group of LogMeIn, Inc. shareholders are attempting to block the $4.3 billion purchase of the company by private equity firms Francisco Partners and Evergreen Coast Capital Corporation.. Under terms of the definitive merger agreement, Francisco and Evergreen will acquire the outstanding shares for $86.05 per share.
The shareholders allege that the purchase price of $86.05 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of LogMeIn obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
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LogMeIn investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of LogMeIn for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
All rights reserved
News: $LOGM LogMeIn Brings Integrated AI Chatbot and Human Customer Engagement to the World's Most Popular Messaging Apps
BOSTON, Dec. 11, 2019 (GLOBE NEWSWIRE) -- LogMeIn (Nasdaq: LOGM) today announced it is making it easier than ever for customers to engage with businesses on the messaging applications they prefer to use. Bold360’s latest release helps businesses transform contact centers by offering ...
Find out more LOGM - LogMeIn Brings Integrated AI Chatbot and Human Customer Engagement to the World's Most Popular Messaging Apps
News: $LOGM Why LogMeIn Stock Jumped Friday
Shares of LogMeIn (NASDAQ: LOGM) , a provider of cloud-based customer engagement and support solutions, jumped on Friday. The stock finished the trading day up about 10.7%. The stock's gain followed a report that LogMeIn is in talks to sell itself to a group of private equity firms. Image...
Got this from LOGM - Why LogMeIn Stock Jumped Friday
Entered at $33.50.. Undervalued IMO due to no more free screen sharing
Short 800 more LOGM @ 22.36 average.
Oops, slight typo on my "in the trade" post, lol.
Short 1,000 LOGM at 21.53.
Currently down a couple hundred, but spirits are high.
You're in trouble bro.. Come monday.... It gonna have drop more than 50% for the good ole break even...
I think this one will bounce back soon. They beat earnings, approved share buyback, and were hit overly hard for lowered outlook.
I was away and it hit my 16.73 so fingers crossed
Yeh, I jumped into this one @ 15.9 soon after their IPO. Had a plan to hold tight for years to come, but have since dumped in the mid 23 range (after holding like an idiot through the 50 range, DUH...). I felt the litigation cost and risk was outpacing their future growth prospects, and I have not looked back since, before today. Good luck!
sinking, on watch for teh bounce here at 16.7-17.15
Talk about a 1-2 punch smack-down!!! First the less than great financial report, and now this Court decision... I am still standing in the green 20%, but reeling from this pain. Whimper Whimper. I just hope the trial goes well for them. Reducing my position just in case it does not...
<<< $LOGM Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/LOGM
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/LOGM/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/LOGM/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/LOGM/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/LOGM/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/LOGM/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/LOGM/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/LOGM/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/LOGM/research
Google Finance Summary ~ http://www.google.com/finance?q=LOGM
Google Finance News ~ http://www.google.com/finance/company_news?q=LOGM
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=LOGM
Google Finance Financials ~ http://www.google.com/finance?q=LOGM&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=LOGM
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=LOGM&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=LOGM+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=LOGM+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=LOGM+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=LOGM
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=LOGM+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=LOGM+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/LOGM
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/LOGM
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=LOGM+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=LOGM+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=LOGM+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=LOGM+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=LOGM+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=LOGM+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=LOGM+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=LOGM+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=LOGM+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=LOGM+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=LOGM+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=LOGM&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=LOGM
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=LOGM
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=LOGM
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=LOGM
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=LOGM
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=LOGM&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=LOGM&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/LOGM?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/LOGM
Barchart Options Quotes ~ http://barchart.com/options/stocks/LOGM
Barchart Technical Chart ~ http://barchart.com/charts/stocks/LOGM&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/LOGM&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/LOGM
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=LOGM
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/LOGM
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/LOGM
Barchart News Headlines ~ http://barchart.com/news/stocks/LOGM
Barchart Profile ~ http://barchart.com/profile//LOGM
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=LOGM&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=LOGM&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=LOGM&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=LOGM&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/LOGM/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/LOGM/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/LOGM/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/LOGM/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/LOGM
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/LOGM/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/LOGM/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/LOGM/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/LOGM/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/LOGM/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/LOGM/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=LOGM&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=LOGM
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=LOGM
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=LOGM&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=LOGM
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=LOGM
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=LOGM&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=LOGM.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=LOGM®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/LOGM
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/LOGM/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/LOGM/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/LOGM/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=LOGM&selected=LOGM
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=LOGM&selected=LOGM
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/LOGM/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/LOGM/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/LOGM/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/LOGM/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/LOGM/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/LOGM/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/LOGM/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/LOGM/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/LOGM/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/LOGM/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/LOGM/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/LOGM/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/LOGM/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/LOGM/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=LOGM&selected=LOGM
NASDAQ Financials ~ http://www.nasdaq.com/symbol/LOGM/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/LOGM/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/LOGM/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/LOGM/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/LOGM/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/LOGM/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/LOGM/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/LOGM/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/LOGM.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/LOGM/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/LOGM/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/LOGM/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/LOGM/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/LOGM/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/LOGM/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=LOGM
YCharts ~ http://ycharts.com/companies/LOGM
YCharts Performance ~ http://ycharts.com/companies/LOGM/performance
YCharts Dashboard ~ http://ycharts.com/companies/LOGM/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=LOGM&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=LOGM&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=LOGM&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=LOGM
Zacks Quote ~ http://www.zacks.com/stock/quote/LOGM
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=LOGM
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=LOGM
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StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=LOGM
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/LOGM/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=LOGM&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=LOGM®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=LOGM®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=LOGM®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=LOGM®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=LOGM®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=LOGM
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=LOGM
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=LOGM&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=LOGM&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=LOGM
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=LOGM&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=LOGM
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=LOGM
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=LOGM
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=LOGM
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=LOGM
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=LOGM
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=LOGM
Investorpoint ~ http://www.investorpoint.com/ enter "LOGM" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "LOGM" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=LOGM
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=LOGM
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=LOGM
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=LOGM
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=LOGM
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "LOGM" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=LOGM&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=LOGM
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=LOGM
Check those searches for recent LOGM mentions. If LOGM is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
~ Wednesday! $LOGM ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LOGM ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LOGM&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LOGM&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=LOGM
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LOGM#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LOGM+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LOGM
Finviz: http://finviz.com/quote.ashx?t=LOGM
~ BusyStock: http://busystock.com/i.php?s=LOGM&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LOGM >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
~ Wednesday! $LOGM ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LOGM ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LOGM&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LOGM&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=LOGM
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LOGM#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LOGM+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LOGM
Finviz: http://finviz.com/quote.ashx?t=LOGM
~ BusyStock: http://busystock.com/i.php?s=LOGM&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LOGM >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Shares of cloud pioneer LogMeIn (LOGM) rose close to 20 percent during Thursday's session after its earnings reports indicated strong growth and an optimistic trajectory for the future.
LogMeIn (LOGM) confirmed the dominance of the cloud-computing sector with shares also climbing 14 percent late following a late Wednesday earnings report. LogMeIn, which delivers cloud networking software for corporations earned $1.1 million, or 4 cents a share, on revenue of $31 million. During the same period last year sales were $25.3 million.
http://editorial.equities.com/financial/cloud-computing-stocks-shine/
I'll volunteer to mod.
Nice trading range for LOGM. Watching for a break either way.
Adding LOGM to my watchlist.
52 week low -- wait for the upgrade.
Pretty light volume, price settling. Not a bad first day. It looks like there are a lot of nervous investors. This IPO came with many, many restricted shares (more than average) so that too could be weighing on the stock.
By Scott Austin
This morning’s Web roundup:
As we reported last night, underwriters priced LogMeIn Inc.’s initial public offering at $16 a share, at the top of an expected range. LogMeIn begins trading on Nasdaq under the symbol LOGM. It’s the fourth venture-backed company to go public this year, all in the past six weeks. That’s a positive sign for VCs, but liquidity is still very hard to secure, judging by this report from research firm VentureSource detailing a horrible first half for venture capitalists selling their companies or taking them public. Only two companies were sold for more than $100 million in the first half, and both were bought by Cisco Systems Inc….
ZDNet assesses whether investors should buy into LogMeIn’s IPO or not. It’s conclusion: “LogMeIn looks promising and is definitely worth a spot on the watchlist. Buying on an IPO launch, however, rarely pays off.”….
http://blogs.wsj.com/venturecapital/2009/07/01/the-daily-start-up-vcs-need-a-pep-talk-at-the-half/
LogMeIn faces some tough competitors but so did Google and things worked out well with that ipo. Of course, times have changed and ipo's are not what they once were. I expect to see some wide movements in the share price when the shares become available (which should be soon - pricing is scheduled for tomorrow).
From Marketwatch:
After riding out a chilly period, the market for initial public stock offerings looks poised to get a day in the sun this week with the expected debut of software maker LogMeIn Inc.
The roughly $100 million offering by LogMeIn is now oversubscribed "to a strong retail and institutional book," IPO Boutique analyst Scott Sweet wrote late last week, while noting that pricing is at the high end of the $14 to $16 a share range targeted by the firm.
LogMeIn plans to offer 5 million shares of common stock, while executives and other shareholders will sell an additional 1.7 million shares.
Sweet's current rating for the IPO is a 3, or a "Buy." The offering is expected to price Tuesday evening, and LogMeIn anticipates trading under the ticker "LOGM."
Woburn, Mass.-based LogMeIn, founded in 2003 and originally called 3am Labs Inc., provides subscriptions to software that enables users to set up private, remote networks. The company said revenue for the three months ended in March was $17.2 million, up from $9.9 million in the same period a year earlier.
The company showed an 11-cents-a-share profit for the quarter ended in March, but has consistently logged losses over the past three years, according to financial data filed by LogMeIn with the Securities & Exchange Commission.
LogMeIn, which would be the third venture capital-backed firm to go public this year, initially filed for an IPO in Jan. 2008 - though it didn't disclose any terms of an offering at that time.
In addition to venture capital firms, backers of the closely-held company include Intel Corp. /quotes/comstock/15*!intc/quotes/nls/intc (INTC 16.56, +0.18, +1.10%) . Intel will not be selling its roughly 4% stake in the IPO, which it acquired for $10 million in 2007, according to public filings.
A joint-marketing agreement with Intel is key provider of revenue for LogMeIn, the company said in public filings.
LogMeIn said it intends to use proceeds from the IPO for working capital, to develop new services and to acquire other companies.
Underwriters for the offering including J.P. Morgan /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 34.37, -0.23, -0.67%) , Barclays Capital /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 18.53, +0.18, +0.95%) and RBC Capital Markets.
OpenTable Inc. /quotes/comstock/15*!open/quotes/nls/open (OPEN 30.10, -0.31, -1.02%) and SolarWinds Inc., the two other venture-backed firms to IPO in 2009, have seen their shares increase in value since becoming available on the public market in May.
Shares of reservation system provider OpenTable have risen from $28.48 to over $33 a share, while those of network management software maker SolarWinds /quotes/comstock/13*!swi/quotes/nls/swi (SWI 16.74, +1.24, +7.97%) have increased from $13.75 to over $15 a share. See related story about OpenTable IPO.
http://www.marketwatch.com/story/logmein-raises-strong-interest-prior-to-ipo
Interesting analysis here fwiw imho...
LogMeIn, the company behind a recent Webware 100-selected remote-desktop application that lets users access files and data on different computers, plans to go public.
According to documents LogMeIn filed with the Securities and Exchange Commission on Friday, the company plans to offer 6.6 million shares. It hopes to price those shares between $14 and $16.
Assuming that LogMeIn completes its filings and is eventually listed on the Nasdaq stock market, it will be faced with enhanced scrutiny. Not only will it be confronted with more, costly regulations at the hands of the Sarbanes-Oxley Act of 2002, it will also have a slew of new stakeholders that will require the company to operate at a high level. It's a tall order.
Regardless, LogMeIn ostensibly believes that it's up to the challenge. So now the question is whether its finances can match its desire. Is LogMeIn financially sound, now performing better than it has in the past? Let's take a look.
Revenue and profit
One of the first things investors look for after considering a stock's price is its financial health. In LogMeIn's case, it's a mixed bag. The company had been incurring a loss for years. Only recently has it been able to generate a profit.
According to its SEC filing, LogMeIn's revenue grew from $11.3 million in 2006 to $51.7 million by the end of 2008. It's currently on track to beat that figure this year, thanks to $17.2 million in generated revenue for the first quarter of 2009.
For the year ended December 31, 2006, LogMeIn incurred a net loss of $6.7 million. And for 2007, it incurred a net loss of $9 million. But by the end of 2008, the company had reduced its losses to $5.4 million. And during the first quarter of 2009, the company enjoyed a profit of $2.1 million.
The fact that LogMeIn finally turned a profit might be a sign of good things to come. During the same period last year, the company lost $3.6 million.
Is it financially healthy?
The balance sheet is an important financial instrument. It tells investors what a company owns and how much it owes to creditors. It does a fine job of giving investors a clear picture of the firm's financial health.
LogMeIn's balance sheet, which was compiled by independent auditors, reports that it currently has $27 million in cash on hand and total assets of $40.7 million.
Besides accounts payable of $1.8 million, long-term liabilities of $133,000, and expenses that haven't been paid of almost $5 million, LogMeIn's principal liability is deferred revenue--cash collected from customers that can't be called revenue until the company performs the action it was paid to complete. That account is valued at $29 million.
The balance of the difference between assets and liabilities is made up by the company's stockholders' equity, which is currently valued at $4.8 million.
LogMeIn seems to be in fine financial health. It has little debt, no major liabilities, and a hefty amount of cash.
Cash management
This brings us to the cash flow statement, a good indicator of the short-term viability of investing in a company. Is it capable of paying its bills? Are executives managing the firm's cash well to ensure future success?
According to its filing, LogMeIn added $10.7 million to its coffers in 2007. For its 2008 calendar year, it added $4.2 million in cash to its books. During the first quarter of 2009, LogMeIn added $4.1 million in cash.
Perhaps more important to investors, the majority of that cash over the years has been added through operating activities. In other words, much of LogMeIn's cash is principally being generated from the sale of its services to customers.
Dividends
For some investors, dividends matter. They show that a company is financially sound and can afford to give some money back. Dividends can also be used to increase awareness for a stock that's being ignored by investors. And since they provide a regular cash flow outside of selling shares, dividends are coveted by some.
According to LogMeIn's filing, it does not intend to issue dividends. The company instead wants to invest in its future growth. That's not uncommon. Most companies so young and new to the public markets do not offer dividends. In fact, Google has never issued a dividend. So LogMeIn looks to be following suit.
Investment strategy
Since investing in a company is a long-term endeavor, most investors want to know what the company has planned. Investing in LogMeIn would be no different. That's why the company listed a variety of plans it has for the future.
"We intend to use the net proceeds to us from this offering for working capital and other general corporate purposes, including the development of new services, sales and marketing activities, and capital expenditures," LogMeIn wrote in its filing. "We may also use a portion of the net proceeds to us for the acquisition of, or investment in, companies, technologies, services, or assets that complement our business."
The bottom line
Is LogMeIn in sound financial health? Ultimately, it's up to the individual investors to decide. But a quick glance at its financial performance tells us that things are going relatively well for LogMeIn.
http://news.cnet.com/8301-17939_109-10275931-2.html
The ticker is LOGM not LOGMF. I will continue to work on the iBox and update charts. This is a new IPO and the symbol is not yet listed (expected to list this week). See yesterday's WSJ for more details.
Welcome to the new LogMeIn forum on InvestorsHub. This is a new IPO scheduled to list this week in the $14-16 range. We welcome all comments, questions and statements regardless of positivity or pessimism. Let's keep it clean guys. Thanks for visiting.
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LogMeIn allows its customers to leave their laptops at home. The company provides remote access software and services to consumers, small and medium-sized businesses, and IT service providers. Consumers and remote workers can access their computer's desktop, files, applications, and network resources. Businesses and IT service providers use LogMeIn's technology to provide remote management and support. LogMeIn offers both free and subscription-based services, which can cost up to $1,900 a year. Its paid services add advanced features such as file transfer, remote printing, and drive mapping. LogMeIn's customers include 3M, AMD and IBM.
For the first time in more than a year, a venture-backed Massachusetts company intends to go public.
LogMeIn Inc. of Woburn, maker of software for remotely controlling personal and business computers, hopes to sell 6.6 million shares at between $14 and $16 a share and could raise as much as $107 million.
Lead underwriters for the offering are JPMorgan Chase & Co. and Barclays Capital. The price is expected to be set today, with the stock offering likely tomorrow.
Emily Mendell, vice president of strategic affairs for the National Venture Capital Association in Arlington, Va., said the LogMeIn offering suggests the beginnings of an awakening in the moribund IPO market.
“The IPO window has cracked open a bit,’’ said Mendell. “I think the market has become slightly more stable.’’
Mendell said that LogMeIn will be only the sixth venture-backed company to go public in the United States this year. Mendell said that investors have been kind to the other five firms. “The companies that have gone out have done OK,’’ she said. “They’re all trading at or above their offering price.’’
Founded in 2003, LogMeIn began by offering free software that let computer users connect to their home or office machine over the Internet and operate the computer from a remote location. The company still offers a limited free version of this software, but paying customers get advanced versions with additional features.
LogMeIn also makes programs to let system managers perform remote data backups, system maintenance, and technical support. The company’s software is sold on a subscription basis, with customers paying between $30 and $1,900 a year.
LogMeIn faces major rivals in the remote-control business, including Microsoft Corp., Citrix Systems Inc., and Cisco Systems Inc. But it turned profitable in the third quarter of 2008.
It has also enjoyed rapid revenue growth, from $11.3 million in 2006 to $51.7 million in 2008. In its most recent quarter, ended March 31, LogMeIn generated $17 million in revenue and net income of $2.1 million.
Eric Guja, research analyst at Renaissance Capital LLC in Greenwich, Conn., said LogMeIn’s tactic of giving away free software has enabled the company to market itself on the cheap, mainly through word-of-mouth and low-cost online advertising. “It’s not like a typical larger software company where they have a lot of feet on the ground trying to sell the product,’’ Guja said.
Benjamin Howe, chief executive of America’s Growth Capital, an investment bank in Boston, said that it is difficult for a subscription-based software company to achieve profitability, but once it does, investors can expect a steady stream of earnings.
“It’s a great business model,’’ Howe said. He added that LogMeIn’s rapid revenue growth makes it a good IPO candidate. “For the superfast growing, supercharged growth companies, the IPO market is wide open.’’
http://www.boston.com/business/markets/articles/2009/06/30/woburn8217s_logmein_plans_ipo/
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