Replies to post #5584 on NightCulture Inc (fka NGHTD)

[Seekingalphacontributor]

I was disappointed with earnings. I think I overestimated Mike Long's management abilities and underestimated the high costs of the event promotion business. Something Wicked looks like it was a hit. But this quarter fell short of estimates by $300k.

I get the sense that CEO Mike Long has zero regard for what happens to the stock price. This entire summer Mike could have promoted the stock through promoting something wicked. He has offered zero guidance for investors and has left that work up to his shareholders.

But NGHT isn't the only company unable to deliver operating profits. SFXE posted an operating loss this quarter of -$21.6M despite attendance being up 31% y/y.

I still think the company is undervalued but Mike needs to get his act together.

I give the company's valuation a B
Mike Long's management an F