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eUniverse, Inc. (EUNI) Message Board

  • sml47 sml47 Mar 25, 2002 11:32 AM Flag

    critical asian giving shorts a bad rap

    Come on critical, I like to short stocks as much as anyone and am short 2 co's currently. But your comments on EUNI are so ludicrous, it's obvious you have no idea of their financial history, financial needs, or ability to look at a stock chart.
    I'm a buyer anytime the stock breaks 5.00 because contrary to your material misleading statement of burning 1.2 MM per month, they have had positive EBITDA for 5 Q's in a row, with the Dec Q showing + 2.3 MM or more than 750,000 per month cash accumulation. After they report their 6 th positive EBITDA quarter in a row in the 4Q, they will take the writeoff in 4Q 2001 out of the trailing eps and will start showing up on growth screens with positive trailing earnings of 25 cents.
    The first call estimates show 2 estimates for the 4Q, 6 cents and 8 cents, so there is a positive earnings surprise coming. There are 3 estimates for March 2003, .29, .37 and .54 with the first 2 below the co guidance of .40, so we should also see estimates rising for 2003. Hard to believe this stock can't trade into double digits over the next 12 months if the co hits those #'s. You have no credibility here, better find a new board.

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    • thanks for the brief but accurate analysis on the stock. The key statement is IF they make their #'s. After reading these boards for a while now its always refreshing to see some meat in a persons comments. I don't know which I dislike the worst, the shorts and their distortions and lies or the cheerleaders with no substance to back up their wishes. Would appreciate your thoughts on why we are seeing the prolonged downside here in what looks like both a short term and a long term winner. Admittedly the market has not helped but the stock seems quite a bit weaker than the market.

      • 1 Reply to irbbping
      • On Jan 17 EUNI filed an S8 to clear 9 million shares. What was that for, a financing or to let some of the restricted stock become free trading. I wonder if that is the reason the stock is falling.

        It is clear this stock has no support. Basic economics supply is greater than demand.

        The L90 fiasco has further damaged this company. I look forward to the SEC's comments.

        One more story where accounting practices bring doubt to a company's balance sheet and Income Statement.

        I callled this short at 5.50. Stay short and be patient.

    • This company trades at a ridiculous multiple.

      Even if this company were to make an EBIT of 3 million that would translate to .13 per share best case. That translates into a 38 times multiple. Totally overvalued. The reason the stock is falling in price is that the investing public have discovered this overvalued company.

      Technical support may show up sub $3.00. I called this short at 5.50 and this is clearly a continued short.

      • 2 Replies to critical_asian
      • HELLO c a, thats 2.3MM for the 4Q, not the year, you seem to have a problem with facts, and an even bigger one w/ projections. If they have 2.5MM EBITDA in the 4Q, that would be 7.4 MM for the trailing 12 months, and 25 cents per share on a trailing basis or 19.7 P/E on trailing earnings, not 38. Compounding your problem is that the stock market has a bad habit of looking at P/E's on a current years earnings, which will be at least 40 cents. So the relevant P/E at a stock price of 4.95 is 12.375 or a 50 % discount to the P/E on the S&P 500 for 3-5 times the growth.
        Investors who don't let facts get in the way of their opinions invariably end up poor.

      • There is NO DOUBT CA. This looks to be a rich kids playtoy or Daddy must have some clout...Do you know why ages are not listed on the bios??