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This company is the worst compared to Ok Cupid, POF, Match, Tinder, Bumble, Happn, etc. have you even taken a look in the app. Please do and compare their members against members from companies I listed above. There's a reason no one wants to buy this company that has been around since the early 2000's.
ALL DATING / CHAT APPS ARE NOT CREATED EQUAL :)
In this analysis, I will take a look at Ok Cupid (OKC), Plenty of Fish (POF), Meet Me (MEET) and Skout.
I collected SALE price of POF and OKC when each company was acquired by IAC, which also owns Match, Tinder, and many more dating and non-dating sites (College Student focused holdings company [MTCH]). I researched OKC's and POF's average Daily Active Users (DAUs) at time of sale to come up with valuation in terms of DAUs.
“PAST TRANSACTIONS”
The Sale of OKC was in 2011, while the sale of POF was in 2015. We can see that over the four years elapsed between sales, a premium over DAUs was paid, and more recent premiums are higher per DAUs So, if we take the Sale Price of OKC or POF and divide by the number of DAUs, we get $14.29 and $159 paid respectively. The average amount paid per DAU increased while the stats of OKC and POF. What I mean by this, is that POF has better traffic, and engagement compared to OKC. But Male to Female ratio was similar. Note however, that OKC and POF online statistics are fairly good in terms of user engagement, male to female ratio, and overall site traffic comparison world-wide and in USA (see table). POF’s user engagement and time spent on the site are also better when compared against OKC, so the premium over DAUs when compared to OKC is expected. However, the premium was too much and investors punished MTCH stock when the deal closed shortly after going public making MTCH lose almost 40% of its PPS in the coming months.
“MEET IS GOING TO BE AQUIRED”
Now, if we compare these metrics against the common "chatter" that is saying that MEET will "get acquired" by a "company" things start to look a little weird. MEET currently commands a Market Cap of $418M and a Price Per Share (PPS) of around $7.93 as of August 11, 2016. If we factor DAUs reported in the last earning announcement of 1.22 Million, this would signify a Price Per DAU of $339 per user! You're probably saying well they just acquired Skout right? So they should require a premium over POF’s $159 paid per DAU? Let's analyze this a bit…
The acquisition of Skout will increase the DAUs to a total of 2.1 M according to MEET's presentation. The higher DAUs for the new MEET + SKOUT is still well below the 3.5M or 3.6M of OKC or POF respectively. More precisely, this represents 40% less active users for MEET + SKOUT when compared to OKC or POF at time of sale. We'll come back to this "40% less active users" number shortly.
Let's look at MEET's and Skout's user engagement metrics and visitors. According from information from Alexa and siteanalytics, MEET and SKOUT have a score of 7,244 and 16,901 respectively. High score numbers aren't good. For example, Google is scored as 1. The lower the better. In the table we can see that OKC and POF have a respectable 708 and 682 respectively. Along with 3.43M Unique visitors for OKC and 4.19M for POF. When we compare this data against MEET and SKOUT things don't look so good. MEET and SKOUT aren't even close to 1M Unique Visitors using the same benchmarks used for OKC and POF. Alexa also scores MEET and SKOUT substantially worse than OKC and POF (7,244 for MEET and 16,901 for SKOUT). This doesn't reinforce the idea that OKC, POF, MEET and SKOUT are in the same class.
Let's now take a look at user engagement and demographics. Things get a little more interesting here. We can see than on average OKC and POF users view more pages and spend more time on each service, Even with Skout's "better" numbers, their smaller footprint will not improve MEET by much. So why would advertisers pay premiums to MEET and SKOUT when they can reach a broader/ more engaged audience in OKC and POF?
Also let's look at the male / female ratio of all these services. We can see that MEET's and Skout's look awfully familiar to Ashleymadison.com's ratio. As you recall, this website was hacked and showed that almost every female in that website was a bot or fake user. This would be devastating to MEET's price. I'm not saying its users are fake, but I have taken a stroll in all apps and you can clearly tell a difference between the users in OKC and POF when compared to MEET. Something to consider if you ask me.
VALUATION for "SALE"
So let's have a hypothetical sale of MEET + SKOUT using the same $159 per DAU used for POF. This would result in a market cap of around $335M and PPS of $6.41 (-20% than current prices). BUT does MEET warrant this premium that POF commands with respectable Alexa score, unique visitors, user engagement, and DAUs? Highly unlikely. When Facebook acquired What's app, they paid around $42 per user. Let's say however, that MEET commands 70% of the premium paid for POF. This would result in a $112 price per DAU, a share price of $4.49 (-56% Decrease in PPS), and $234 in market cap. But why would anybody be interested in acquiring MEET when their PPS is way overvalued?
For matter of discussion, let's say someone wants to offer a premium of 25% compared to the current stock price and offer to buy out MEET at $10 per share. This would mean the buyer would place a value of $250 per DAU! It's an astronomical value for a user that spends very little time in the website and is not even engaged. Make no mistake, MEET is NOT an Instagram, SnapChat, Twitter, or Facebook. Tinder, Match, OKC, POF, BUMBLE, HAPPN, LINE, WHATSAPP, WECHAT; and the many many other apps will not sit idle waiting for MEET to increase their market share.
MEET COMPETITORS
To compete MEET will need to increase marketing spend. MEET will more than likely have $38M in cash next quarter and after they pay Skout, will be left with $9.5M in Cash or Cash equivalents. This will decrease the liquidity of the company. And since they want to continue to increase market share and new users they will need to find ways to raise money through Debt or a secondary public offering, which will dilute the stock.
SUMMARY:
MEET will decrease in PPS when the acquisition of SKOUT finalizes, due to the huge decrease in Cash Reserves AND because Skout management can sell their 5.37 Million shares at that time too.
MEET will likely have a secondary stock offering at current high prices to raise money for the acquisition of Skout and remain liquid and to increase marketing spend.
MEET will not be an attractive takeover target, like it has not been the past decade, due to the inflated market cap and low user engagement, and poor financials that will result from the acquisition.
MEET will have to increase marketing spend to increase new users, which will be hard when competing against dating apps and chat apps.
MEET is NOT a good Long Term Stock, major correction coming. Possible dilution of shares if secondary offering takes place.
MEET fair value of DAUs in the $4-5 range.
New Playstation announcement on Feb 20: http://www.engadget.com/2013/01/31/sony-nyc-february-20-playstation/
AND very good sources stating that the DEV kit for the new Playstation has both an AMD CPU and GPU: http://www.engadget.com/2013/01/23/report-orbis-dev-kit-specs/
The gap at $3.06ish will more than likely be filled by then...
OH and the new XBox 720 is also rumored to have an X64 8 core chip...and I'm sure Intel is NOT the cheapest one out there, so it will most than likely be an AMD too... http://www.engadget.com/2013/02/11/report-durango-final-specs-kinect-required/
^^^ The Xbox should be announced on E3 from June 11-13
^^^ This should fill the GAP on 7/20/12 at $4.69 ish by then E3 too...GL longs
Question????
So I took the Guidance for FY 2013 and I would like to know if I'm doing something wrong because according my calculations with their guidance of...
Quote:
Full Year 2013 Guidance: Revenue is expected to range between $1.41 billion and $1.44 billion. Adjusted EBITDA is expected to range between $315 million and $330 million. The company expects depreciation and amortization in the range of $130 million to $135 million, and stock-based compensation in the range of $160 million to $165 million.
I came up with this???: WHERE IS THE GROWTH??? OR AM I DOING SOMETHING WRONG I EVEN INCREASED THEIR GUIDANCE
I'm looking for the same pattern FB just had after earnings.
Groupon will soon be your one stop shop for a lot of things. As of right now you can find concert tickets, vacation tickets/ stay, and many more services. With the addition of groupon goods I just don't see how this company is even compared to zynga or facebook. LNKD on the other hand is at a market cap of $11 Billion....rigggghhttt.
Editorial: Cutting the cable cord is a young trend going in the right direction
By Brad Hill posted Aug 20th 2012 3:00PM
This week I bought a Roku. Late to the party? Yes, but not as late as you might suppose. Roku has sold about 2.5 million streaming media boxes since the product launched in 2008. Approximately 1.5 million of those units moved in 2011, indicating an acceleration of demand. Coincidentally, those numbers roughly represent the cord-cutting movement: Reportedly, 2.65 million cable subscribers ditched their service between 2008 and 2011, with about 1.5 million of those defections happening in 2011.
While cable cord-cutting is a trend, the movement is occurring in the context of customer inertia. About 100 million customers subscribe to cable, satellite, and other pay-TV providers (e.g. AT&T's U-Verse). The problematic value proposition of cutting the cord will probably keep massive inaction in place for the short term, but cannot, I believe, withstand long-term marketplace demands.
Rest of story below...
http://www.engadget.com/2012/08/20/editorial-cutting-the-cable-cord-a-la-carte-trend/
Google Buys Frommer's, Groupon Next?
Christopher Versace Christopher Versace, Contributor
+ Comment now
Image representing Google as depicted in Crunc...
Image via CrunchBase
Yesterday, Google (GOOG) announced it would be acquiring the Frommer’s travel guide business from John Wiley & Sons (JW.A). At first blush, some may be asking why Google would be doing this, but once you start to consider the possibilities it makes great sense on several levels. This is especially true given the $25 million price tag that Google will be paying for the Frommer’s travel guide business.
At its simplest, buying the Frommer business complements Google’s 2011 acquisition of Zagat Survey, which offers reviews and ratings of millions of restaurants, hotels and other businesses. Combined the two properties will cover hundreds of hotels, restaurants, places to visit and so on, arguably forming a one stop trip advisor section that would compete with the likes of Yelp (YELP) and Tripadvisor (TRIP). Pretty simple.
Google has already integrated Zagat into Google+, but there are other aspects to consider. One is integrating both Zagat and Frommer into Google Maps...
http://www.forbes.com/sites/greatspeculations/2012/08/14/google-buys-frommers-groupon-next/?partner=yahootix
...wow so I don't watch this stock, but is this drop because of the revenue miss??? or due to the slowing of active customers?
(Reuters) - If Apple Inc's weaker-than-expected quarterly result is anything to go by, the global smartphone industry is a lot more vulnerable to economic shocks these days than during the 2008-2009 financial crisis.
http://www.reuters.com/article/2012/07/29/us-smartphones-outlook-idUSBRE86S09B20120729
Good read if anyone is planning on going long...especially with a company that is fighting to stay competitive...forget number 1.
WOW Microsoft, way to encourage customers to purchase "flagship" phones....I mean "legacy" phones now.
Yup, Nokia sales will go through the roof everywhere...
Yeah and NOK went from high of $37 to a low of about $11 during those years (2008-2009)...
The only reason I was holding was to see the numbers of Lumias, but frankly if you look at the news out there, is not going to be good. I never see Lumias in store walls like I see androids, or iPhones.
Even T-Mobile doesn't advertise...and if NOK wants to get back in the game...it needs the U.S. which they aren't appealing to.
Heck...I've only seen two Lumias this year...two! and I live in the city (Chicago)...and I always check people's cellphones.
OH and if you think I am a hater of Nokia I have their N9, which looks good, but it has its shortfalls as well.
Got out today...
Good luck to all the people holding for a buyout or a turn-around...just remember that a new iPhone is coming later this year and new blackberry phones in winter and new galaxies S3 begin shipping out soon.
It's going to be really hard to steal consumers from these makers.
I also think a lot of former Symbian followers are turning to Android instead of WP7. Not good.
This stock is just looking for excuses to drop...just wait for an announcement that the divi will stop for next year...
I say after next earnings it will be around $2.00
Because even tough we all know it's not doing good people are going to take positions because "MSFT, Samsung, etc. will buy them out"
Windows Phone edging out iPhone in China, says Microsoft
Is Windows Phone starting to give the iPhone a run for its money in China? Microsoft thinks so.
Making its debut among Chinese consumers just two months ago, Windows Phone has already picked up a market share of 7 percent, according to Microsoft. That's a tad higher than the 6 percent share owned by Apple's iPhone.
And Michel van der Bel, Microsoft's Chief Operating Officer for the Greater China Region, sees the market growing further, according to online business magazine Emerce (English translation).
"We've only just begun," Bel said, noting that the combination of smartphones and Windows PC tablets will help Microsoft gain further traction among both Chinese individuals and businesses. Such a strategy will come in handy due to the increasing consumerization of IT, he added.
But the company faces a uphill battle, Bel admitted. Android currently dominates China with a market share of around 69 percent. And Windows Phone is still far behind in the app arena compared with Google's mobile OS.
Microsoft currently employs around 2,500 people in its R&D department in China, but Bel says the company needs to and will invest more heavily in the country.
Windows Phone has received a shot in the arm in certain parts of the world, thanks to Nokia's Lumia handsets.
The Lumia 900 has proven to be a hot commodity in the United States but has seen more sluggish demand in other countries, notably the U.K.
Article
Yet the stock continues to drop...overreaction? I think so.
Google's Android gains share in smartphones-survey
Tue, May 15 2012
* Android share surges in Spain, Italy, Germany
* Apple gains in US, Britain; slips in Europe
* Windows Phone share jumps to 3-6 pct on Nokia switch
* Nokia's Symbian, RIM fall most
By Tarmo Virki
HELSINKI, May 15 (Reuters) - Google's Android smartphone software stretched its market lead in early 2012, helped by new models from handset makers like Samsung and HTC and piling the pressure on rivals like Research In Motion and Nokia.
Research from Kantar WorldPanel on Tuesday showed Android gaining share strongly in most of seven major markets - Australia, Britain, France, Germany, Italy, Spain and the United States - in the 12 weeks to mid April.
In Spain and Italy, its market share more than doubled year-on-year to 72 percent and 49 percent respectively, while it almost doubled to 62 percent in Germany.
Strong demand for the iPhone 4S helped market No.2 Apple narrow the gap with Android in the United States and Britain, but its share slipped in continental Europe.
Microsoft's Windows Phone began to show some signs of growth thanks to Nokia's decision to swap its legacy Symbian platform for Windows.
Windows' share in Germany more than doubled to 6 percent over the past year, and climbed to 3-4 percent in Britain, France, Italy and the United States.
These gains came at the expense of Nokia's Symbian platform and Canadian BlackBerry maker Research In Motion, the biggest market share losers. RIM's share in the U.S. market dropped to just 3 percent from 9 percent a year earlier.
Kantar said HTC's One X model made a strong start in Britain, making the Top 10 list for the 12 week period even though it was on sale for less than a week.
Does anyone know what happened with this:
"On January 26, 2012, we announced that the Board of Directors will propose that the Annual General Meeting convening on May 3, 2012 authorize the Board
to resolve to repurchase a maximum of 360 million Nokia shares." ????
this is in the annual report...
Wow, anyone have an idea other than a bounce from support for this move? :)
If everyone was like you there wouldn't be any movies made, but thankfully there are people like me and others who watch movies the legal way...you're welcome(enjoy).
Not everyone likes being freeloaders.
On 1/4/12 low reached at $4.97 then it went to 5.78 on 1/19/12
On 1/30/12 .............. $4.93 then............$5.24 on 2/8/12
on 2/10/12................$4.95 then...........$5.87 on 2/24/12
This stock will move wildly, so if you can't handle the moves, then more than likely you will get taken out by a stop losses...but if you really think that the biggest cell-phone manufacturer in the world will give up easily, then I guess you can short it.
I can't wait for a Nokia Windows 8 Tablet :)
It was O.K. I wouldn't buy it, rent it(Netflix has it)
NICE!
MINI USA Offers SIRIUS As Standard Equipment On New Model Yr 2011 MINI Vehicles
Does anybody know why they are building two more satellites(A 5th & 6th one)? From my understanding they have 4 in the sky right now(and the service is fine).
A lot of large buys coming in....(I've seen many 200K and 100K and 50K)
Now all you need to do is close above $1 :)
The chances of that happening in the U.S. are very very VERY slim...as much as I would love that for this stock think about this....
The switch over from analog to digital was only to increase sales in Big screen TV's, to make people want to buy. And the cost of the transaction from analog to digital TV to you $0.00 unless you didn't get the rebate in time for the converter from the government or just like they planned you went ahead and purchased a plasma or LCD TV that just happened to already have the built in turner...
So the government banning AM/FM lol and making citizen pay for SIRI hahaha never going to happen well I won't say never, but I'll probably win the lotto before that happens.
HD radio would probably be the route they take and SIRI could make $$$ from hardware if they decide to do so...
Bloka was BBI.A
Blokb was BBI.B (This share had more voting power than BBI.A)
trying to break out Pre.market...
I wish I knew but per their 8K form they just submitted...“We strongly disagree with the outcome of this legal matter, and we intend to vigorously challenge it.”
"The jury verdict was announced on July 6, 2010, and a final judgment is expected in the next few weeks. The Company intends to vigorously pursue various post-trial motions, as well as an appeal, if necessary."
I think that will further delay the process or even change the outcome of the suit, so I don't see it being a dead cat bounce...
One of the post trial motions is: a motion for judgment notwithstanding the verdict (JNOV)
"In a motion for judgment notwithstanding the verdict, a party, usually the losing party, motions the court to render a verdict which is contrary to the verdict rendered by the jury. "