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Helen of Troy Limited Message Board

brad_welsh 7 posts  |  Last Activity: Jun 17, 2015 1:09 AM Member since: Jul 9, 2001
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  • brad_welsh brad_welsh Jun 17, 2015 1:09 AM Flag

    There are about 43,000 zip codes in the US, a lot of those are for hospitals, schools, post offices, etc. So say there are 30,000 legitimate zip codes. At $300 a month that's about 9M if they are 100% sold out. Problem with this is Zillow keeps cramming agents and upselling them, eventually there is a tipping point where they get tired or they've crammed too much, that's the largest argument now is that they've crammed too many agents in too many zip codes, that the agents are getting fatigued and churning or just dropping the service because they don't see the value or a return on their investment. Further Zillow is at a point where they really can't grow much more. They were a wall street darling with the huge growth, but they are maxed out. Also who wants to see an agent video when you are looking for houses? You want to see the houses, not an agent video, so the risk is they turn off more consumers too by cluttering up the site to the point it's no longer productive. It's already bad enough their data is horrible in terms of Zestimates, etc. Zillow has a long way to fall still and especially more so if they whiff a quarter or the slowdown is seen. I think Oppenheimer hit the nail on the head.

    Sentiment: Sell

  • Reply to

    Proxyresults

    by silvesterritter Jun 8, 2015 3:37 PM
    brad_welsh brad_welsh Jun 9, 2015 12:14 PM Flag

    I am curious to see how the results are audited. I wouldn't put it past them to do what they do in dictatorship countries and rig elections with bogus results.

    Sentiment: Strong Sell

  • Reply to

    Proxyresults

    by silvesterritter Jun 8, 2015 3:37 PM
    brad_welsh brad_welsh Jun 9, 2015 10:55 AM Flag

    Would be curious to see how many votes were from the vast issuances of shares for doing nothing. It's a corrupt way to ensure the corruption and bleeding of shareholders continues. Either way the other side will just do what everyone else does, they'll vote with their wallet and sell their shares (if it ever starts trading again). So with 20 years and current management not producing anything, the slow slide down will continue.

    Sentiment: Strong Sell

  • brad_welsh brad_welsh Jun 5, 2015 1:04 AM Flag

    Current Management has had 20 years to do something. I think it's finally time people revolted. The sad reality though is the current management through their ineptness has diluted shareholders, enriched themselves and missed the opportunity at creating value for the shareholders. Sadly it's probably too late to expect there will be a new casino on this company's property, that window of opportunity has passed.

  • Reply to

    Hope - I hope for a new Board of Directors

    by tiawanon May 21, 2015 7:33 PM
    brad_welsh brad_welsh May 24, 2015 10:49 PM Flag

    This is the best thing that can happen to the company, however the question is are the votes there? With current management granting themselves millions of shares for a poor job, it's hard for the shareholders to overcome that dilution, and thus that voting power. It's also hard to know who owns what shares due to the company's inability to file SEC reports.

  • Reply to

    Alabama Casinos

    by brad_welsh Apr 28, 2015 4:13 PM
    brad_welsh brad_welsh May 10, 2015 12:12 PM Flag

    Interesting article from the Mobile Press Register by Brendan Kirby talking about Mississippi casinos reaching saturation point and how MS casino revenue and taxes have been on the decline as gambling reaches a "saturation point". It's shows 17.3% of Gulf Casinos patrons come from Alabama, another 10% from Florida. What happens if they put a casino or two on the "way" down I-10 in Alabama. You'll have a lot more erosion of casino revenue, not to mention the Gulf Casinos will be like Atlantic City, where PA and NY and surrounding areas got casinos and the people stopped coming. The reality is no one is going to be building any new casinos on the MS Gulf Coast, if anything existing ones will have to shut down. DHCC's land is better used for something else or if they just sold it off.

    Sentiment: Sell

  • Reply to

    Alabama Casinos

    by brad_welsh Apr 28, 2015 4:13 PM
    brad_welsh brad_welsh May 4, 2015 12:32 AM Flag

    I couldn't agree more, casinos are overbuilt across the country. Same problem that happened with Atlantic City when competition came around is going to happen to Mississippi Casinos as they have to fold and/or consolidate, and the last thing anyone will be doing is building new casinos off the beaten path, when casinos are now in most major cities. It won't be long before all the states have them. Problem is DHCC's land, a lot is low lying and hard to develop. It's one thing if you are building a massive casino where it makes sense to build it up, however for general development it's cost prohibitive. Again DHCC missed the boat. Problem is the company is broke, they've burned through yet more and more cash and they massive dilution to shareholders doesn't help. Lastly with the stock not trading, what credibility does this buy anyone? When or if this opens up again, I bet you have a ton of pent up demand for selling, and a lot of ticked off people who already couldn't take their tax loss last year selling it.

    Sentiment: Sell

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