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imadeadcat 42 posts  |  Last Activity: May 25, 2016 1:18 PM Member since: Sep 24, 2001
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  • imadeadcat imadeadcat May 25, 2016 1:18 PM Flag

    The rise in oil prices without a rise in ng prices is problematic for SWN because rigs seeking oil will come back on stream and produce some ng "by mistake" keeping ng prices at unprofitable levels.

  • Reply to

    CEO had interview with Cramer

    by terencemok May 20, 2016 11:39 PM
    imadeadcat imadeadcat May 23, 2016 4:09 PM Flag

    I meant to say last 2 months correlation, oops.

  • Reply to

    CEO had interview with Cramer

    by terencemok May 20, 2016 11:39 PM
    imadeadcat imadeadcat May 23, 2016 3:53 PM Flag

    By "not understanding" I look at the last 6 months correlation with LC. Why is it so strong??.... they both have Lending in the name????.... but one is really an internet oriented advertising company with growing revenues and significant profits while the other is a broken piece of FinTech that has serious funding issues and is staring at a huge q2 loss.
    You may be correct on the 2 or 3 hedge fund theory, but unwinding short positions when 60% of the float is short can be painful and I can't quite get my head around how the end game will be profitable.

  • Reply to

    CEO had interview with Cramer

    by terencemok May 20, 2016 11:39 PM
    imadeadcat imadeadcat May 23, 2016 1:41 PM Flag

    Mr. Lebda did a good job on the show. He sounded convinced that the business is good and getting better. I guess he exercised about 5k options and TREE is buying back shares. It is hard to reconcile the excellent q4 2015 report and the outstanding q1 2016 report with the stock price. Seems like many people do not understand the company. I don't think Cramer has full picture. One part of the interview that seemed out of place was talking politics and bringing up Lebda's previous support of Carson and now Trump. It didn't make me think ill or better of TREE, just seemed like a part of conversation that didn't fit the show or the viewer's needs. Bizarre Cramerism???

  • imadeadcat by imadeadcat May 16, 2016 11:04 AM Flag

    So VRX acquired Isuprel and Nitropress in 2015. According to Today's WSJ, they then raised the prices by 525% and 212%. Now, under changes effective immediately again according to the journal hospitals will be "eligible for a rebate of at least 10% but up to 40% based on volume... So my thinking is that the prices will still be up between ~475% and ~200% on Isuprel and between ~190% and 120% on Nitropress. Very generous of Valeant??????

  • Reply to

    This is irrational investor behavior...

    by sky_king_66 May 13, 2016 10:17 AM
    imadeadcat imadeadcat May 13, 2016 11:04 AM Flag

    But the problem confronting LC is the lack of investment/lenders. Prepare for a huge drop in LC revenue over the next 6 to 12 months. Not good. I am not a shareholder but I am an LC lender and I just turned off the automated investment feature in hopes of higher rates later.

  • imadeadcat imadeadcat May 13, 2016 9:24 AM Flag

    I asked a pretty savvy investment advisor to take a look at the huge short interest situation in TREE last evening. His thoughts revolved around a number of possibilities. 1. Fear of a new competitor (Google, Amazon, or other big scale), I did notice that Well Fargo which I guess is about a 10% customer for TREE is launching a small business Fintech operation for some of their existing customers. 2. Whispered insider issues (he thinks highly unlikely) 3. A way for hedge funds to bet against higher interest rates at low cost, 4. A general hedge against Fintech.
    Personally, I like #3 and maybe #4 although i don't think either issue represents long term problem for TREE.

  • imadeadcat imadeadcat May 12, 2016 11:02 PM Flag

    Ok. But what is the bear case that has caused the huge short interest. I see good revenue and income growth despite the problems of the peer to peer lenders. What am I missing?

  • Reply to

    Hey Doug Lebda!

    by deprived59901 May 11, 2016 8:25 PM
    imadeadcat imadeadcat May 12, 2016 2:37 PM Flag

    It is a different business from Lending Club but all of Fintech is being tarred with same brush.
    CEO still owns about 17% of the company so he wants TREE to do well and he has put together a great business. Lending Club, Prosper, and Ondeck are all customers of TREE (and they all have funding issues)... and maybe they make up 5% of TREE revenue as a wild #$%$ guess... so there is some correlation but it shouldn't be quite as big at the recent price action indicates.

  • Reply to

    Of course it's dilution

    by arbpro May 12, 2016 9:14 AM
    imadeadcat imadeadcat May 12, 2016 10:19 AM Flag

    Not sure they believe in long term if they decide to sell shares as soon as they acquire them.

  • Reply to

    Hey Doug Lebda!

    by deprived59901 May 11, 2016 8:25 PM
    imadeadcat imadeadcat May 12, 2016 10:13 AM Flag

    Last quarter TREE repurchased about $40 million is stock at $69 a share average. I just listened to the CFO's presentation at the Suntrust conference. My take is that TREE welcomes the opportunity to buyback more shares at these prices so Doug Lebda may be smiling. TREE issued a million shares at $115 in November. To be able to buyback shares at this price is a gift to TREE. Mr. Lebda also sold 100,000 of his shares at $115 tangental to that November offering. Hmm? Maybe he will also be a buyer, now?

  • Seems high. Anyone with any clue why? Thanks.

  • imadeadcat imadeadcat May 5, 2016 4:19 PM Flag

    So, I am a long time Lending Club lender. I have avoided the stock because it has been overpriced and there are scalability problems if loan losses mount. I think TREE will be a winner in the space. Lending Club gets some leads through the TREE platform. While there exists some correlation between loan originations and TREE versus Lending Club, Prosper, and On Deck they are in a different segment from TREE. I agree the market incorrectly tends to lump TREE with the others. Solution: Buy more TREE!!? It is on sale.

  • imadeadcat imadeadcat Apr 26, 2016 3:19 PM Flag

    I don't agree that $13 is over any reasonable valuation (just on the high side), but agree on equity raise. It is always interesting when oil is up and ng is down, yet SWN (which is 99% gas) is up big. SWN reacts to oil???

  • Reply to

    The race against time continues.

    by longtimefollower Apr 20, 2016 11:37 AM
    imadeadcat imadeadcat Apr 25, 2016 11:35 AM Flag

    The presentation on page 55 of the 10K is a little fuzzy. They actually marked up the value from 2014 when Career Builder was carried at ~$227 mm to ~$230 mm for 2015. MNI acknowledges a dividend from CB of $7.5 mm in 2015.
    I think the accounting regulations say they have to mark down the stake if it falls below the carrying value. so given that they marked the stake upwards and the dividend looks like it is about 3%, my take would be to go with the $230mm value. I am not an accountant.... but I like looking at financial statements.

  • imadeadcat by imadeadcat Apr 22, 2016 11:52 AM Flag

    I am still trying to digest the conference call and the cash conservation decisions of the last few months.
    1. Management team seems first class. The analysts seemed universally impressed with the quarter.
    2. Operating costs reflect best in class performance.
    3. Management thinks ng prices will be low for at least 6 months.... hence new hedges.
    4. Management issued stock worth $27 million to pay preferred divvie when stock was ~$7-8.
    5. Mr. Way said equity issuance is an option he must consider as public corporation to the Goldman Sachs analyst query about the proper ratio of EBITDA to debt at $3 ng.
    So I guess I think there will be an equity raise announced shortly because if you took $7.50 when you issued stock instead of cash for pref. div., you must be thrilled at $11.50, right???. especially if you think ng prices will remain low for at least 6 more months... meaning the debt market will be unfriendly until the strip improves.... and SWN hedging indicates management doesn't anticipate much improvement or not until at least year end.

  • Reply to

    Shepard's latest blast

    by imadeadcat Feb 20, 2014 3:19 PM
    imadeadcat imadeadcat Apr 22, 2016 11:15 AM Flag

    I sold most of my B shares back then, but still hold some.... hanging around for the end of the story?? I guess I vaguely remember Shepard getting an offer from the company. Thanks for the reminder.

  • Reply to

    Shepard's latest blast

    by imadeadcat Feb 20, 2014 3:19 PM
    imadeadcat imadeadcat Apr 21, 2016 1:58 PM Flag

    Has anyone heard a word from Mr. Shepard?

  • Reply to

    The race against time continues.

    by longtimefollower Apr 20, 2016 11:37 AM
    imadeadcat imadeadcat Apr 21, 2016 11:49 AM Flag

    Why not use the ~$230 million value from the 10K? They adjust the value each year. Since MNI owns 15% of Career Builder that would put the total value of CB at $1.5 billion. Maybe in the ballpark. Monster (MWW) market cap is only ~$300 million.

  • Reply to

    VRX is one of the safest stocks in this market

    by kmcmahon38 Apr 19, 2016 12:56 PM
    imadeadcat imadeadcat Apr 19, 2016 1:54 PM Flag

    Current consensus estimate for 2016 is $8.79. Still too high given negative publicity which has put off some customers and will cause reexamination (reduction??) of some pricing. Or do you think new management will stick with 3/15 guidance? Standard operating procedure is to dump all negative news in first report by new CEO and lay blame on predecessors.

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