The Zillow business model works. It's an effective tool for both clients (they prefer Zillow over other sites) and real estate professionals. As a real estate professional that utilizes Zillow advertising, I can say without any doubt, the cost of Zillow advertising is easily out weighed by the business generated. For me personally, it's probably $8 of commissions for every $1 of cost and more importantly, provides clients I would likely not meet otherwise...
Are you ok in the head? basing "right" or "wrong" on a one day's price move?? Holy #$%$ where do you people come from???
It is potentially a negative event (and maybe not). Just like a company switching auditors sometimes ends up being a negative "event". To entertain no other possibility is to be intellectually dishonest.
"Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:
Adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;
Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;
Adjusted EBITDA does not consider the potentially dilutive impact of share-based compensation expense;
Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements;
Adjusted EBITDA does not reflect acquisition-related costs; and
Other companies, including companies in our own industry, may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.
Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, net loss and our other GAAP results."
I am glad people like you are holding this bubble...gives me even more confidence of where it is headed near term...
the only problem is shorts miss-understanding the market opportunity, the company and it's potential. so you're right... but the problem is the shorts miss-understanding and the larger problem is them throwing bad money after bad... best of luck to you...
Well I was right again.
Next run would be to $110, but this is not as predictable as last 2 days so I sold with nice 2 day gain.
Why is it that on any down day all you hear all day on CNBC is the following question: "Is this a buying opportunity". But on big up days you never hear "should people be selling into strength, is this a profit taking opportunity?". According to CNBC, down days are some anomaly that should never happen but big up days are just the way it should be......Party on.
Z announcement yesterday about integrating directly with MLS seemed to be a bit repetitive when I read it. Anyone else have that feeling? Bottom line is that Z still does not control the inventory which they need for their long term survival and success as I read it.
Zillow have been making up numbers since they started imposing nonsense Zestimates on millions of homeowners. Now they have started making up their Monthly Unique User numbers with a lame excuse blaming Google analytics. Maybe the numbers were SO bad they were too embarrassed to report them? Face it Zillow MUU's have been on a dramatic downward trend since July and December is always the worst month for Zillow so they could be flattering their User numbers by using prior years relationship numbers. Just my 2 cents.
They are just "estimating" and they switched analytics providers (to one that has a lousy reputation for what it can offer I might add). Neither of these sounds like a positive to me.
P (Pandora) in 2014. Starting the year with all the bulls so sure that despite the horrible fundamentals, flawed business mode, ridiculous valuation, insider selling non-stop, etc. their Zillow will still return to its prior glory. But as ski said, fundamentals always catch up and dictate the ultimate price of these puff stocks. P also had a very big, long time, shareholder who decided mid year to dump their entire position. You want to see the 2015 return for Z. Look at 2014 P return.
Sentiment: Strong Sell
Even with the 60% revenue increase and any "cost cuts" achieved, Zillow LOST $0.40 PER SHARE in Q3 14 lol!!!! How can they increase revenue and cut costs, yet the loss was HIGHER than Q3 13, can you explain that to me???
"Basic and diluted GAAP net loss per share was $0.40 in the third quarter of 2014 compared to basic and diluted GAAP net loss per share of $0.03 in the same period last year. The third quarter of 2014 results include the impact of approximately $0.33 on basic and diluted GAAP net loss per share from acquisition-related costs due to the company's proposed acquisition of Trulia, Inc."
Even ex-acquisition costs, they LOST more money in Q3 14 than they did in Q3 13, please review your numbers, sir, and don't post nonsense on this board.
For 2015 analysts currently expect $440 million in revenue, putting this non-sense at ~9.5x revenue. They also expect NON-GAAP EPS of $0.95 (ex stock based comp), putting this bubble at over 100x 2015 earnings. This is NON GAAP. Considering they are paying their sales people a good portion of wages in stock, extracting stock-based comp out of SG&A expenses really underestimates their true cost structure. On a GAAP basis, which is the way companies should almost ALWAYS be looked at (unless there are unusual one-time expenses which should be extracted from the cost base), this company will be BARELY profitable for 2015, or most likely still losing money. The stock MAY be worth $10-20 somewhere who knows, I was being nice when I said $50 above...but in either case, i doubt it can achieve any real profitability in its existence, EVER. Let's see what happens when realtors begin to actively cancel memberships this year lol...that should be the end of that story.
see * and footnote #1. All they did was "estimate" it based on nov 2013 to dec 2013 change of -1.1%... b/c they flipped to google analytics... Dec the least important month of entire year
In Q3, they grew revenues 66% YOY. AND they DECREASED their sales & marketing spend by $1.1MM but INCREAED revenues by $10MM. You see any other company doing this? If so, let me know.
Not to mention the huge cost synergies we will see from merger. Shorts sent bad money after bad trying to "break" the stock today but it failed...
Sentiment: Strong Buy
In Q3, they grew revenues 66% YOY. AND they DECREASED their sales & marketing spend by $1.1MM but INCREAED revenues by $10MM. You see any other company doing this? If so, let me know. If you're going to make a case, use some numbers and avoid such a silly price target or you lose all credibility.