Fri, Apr 25, 2014, 2:10 AM EDT - U.S. Markets open in 7 hrs 20 mins

Recent

% | $
Quotes you view appear here for quick access.

QuinStreet, Inc. (QNST) Message Board

ksn_44 370 posts  |  Last Activity: 15 hours ago Member since: Jun 28, 1998
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • And Zillow just made their first profit in this past Dec Quarter.

    Sometimes life isn't fair.

  • What's this, a deal with ZILLOW now? If this does not move the stock, I fear nothing will.

    **************************************************************************************************************

    Zillow has entered into an exclusive agreement to power the U.S. home shopping experience for Leju, a Chinese subsidiary of E-House Inc. that’s in the process of spinning out through an initial public offering. The profitable company, which posted revenue of $335 million last year, plans to trade on the New York Stock Exchange.

    Last month, Chinese Internet giant Tencent invested $180 million in Leju for a 15 percent stake.

    This marks the first non-U.S. deal for Zillow, whose audience of nearly 70 million monthly visitors is largely comprised of home buyers and sellers in the U.S. Zillow cites statistics indicating that Chinese buyers spent more than $11 billion on U.S. properties last year, spending on average $425,000 per home. Sixty nine percent of those deals included all-cash transactions. Leju boasts some 60 million users.

    “Brokers and agents with listings on Zillow are now able to reach Chinese home shoppers who are ready to invest in the U.S. market, with no additional cost or effort,” said Zillow Chief Industry Development Officer Errol Samuelson, who joined the company last month and then was promptly sued by his former employer at Move Inc. The alliance with Leju could be a baby-step toward international expansion, something that Zillow has avoided over the years despite the fact that it was started by veterans of Expedia (which by its very nature in the travel business has a huge international component).

    In a talk last May at Seattle University, Zillow CEO Spencer Rascoff noted that there are few cross-border real estate transactions, and cited significant competition overseas.

    “We have a lot of opportunity in the U.S.,” said Rascoff. ”I don’t feel we need to rush internationally.”

    Terms of the deal — which will include a co-branded Leju-Zillow site translated to Chinese and operated by Zillow — were not disclosed. In the U.S., Zillow powers the home shopping experience on Yahoo Homes, AOL Real Estate and HGTV’s FrontDesk.

    Shares of Zillow are up more than 13 percent so far this year, trading at just above $92 per share. It now boasts a market value of $3.6 billion.

  • Reply to

    So much for the upgrade!!

    by parisak Apr 2, 2014 12:59 PM
    ksn_44 ksn_44 Apr 2, 2014 3:15 PM Flag

    Yeah, wait till you see the downgrades!

  • Reply to

    Does anybody know about the bad news?

    by parisak Apr 2, 2014 1:05 PM
    ksn_44 ksn_44 Apr 2, 2014 2:25 PM Flag

    I don't think you need to know about any news. I think you have to fade the stock on days when it pops, for an opportunity to buy more shares at a lower price. Either that or short it on a pop and then cover by days end. It has played out this way for weeks now, almost without exception.

  • Reply to

    FOR ONCE

    by ksn_44 Apr 1, 2014 1:42 PM
    ksn_44 ksn_44 Apr 2, 2014 11:26 AM Flag

    Dang, MISSED IT, did not sell the pop today. Giving us another "buy back low" handout. Too slow on the trigger. Man, you could make a fortune here. Like clockwork.

  • Makes you wonder.

    EJ hanging on by a thread.

  • Reply to

    Brean upgrade this morning to EJ & SFUN

    by venetianplayers Apr 2, 2014 9:13 AM
    ksn_44 ksn_44 Apr 2, 2014 9:34 AM Flag

    I must have read 100 articles on the impending doom of Chinese Real Estate. Prices this past month. Prices have been down 4 months in a row. From like 11% YOY to like 9%. And this is the end of the world. Unbelievable.

  • Reply to

    Hint at stimulus

    by ksn_44 Apr 1, 2014 11:54 PM
    ksn_44 ksn_44 Apr 2, 2014 9:27 AM Flag

    On Tuesday, HSBC said that its HSBC China manufacturing purchasing managers' index fell to 48.0 in March, from 48.5 in February. A reading under 50 points to contraction in sector activity, and the March data were the weakest in a year and a half.

    "Since this was widely expected there was no significant effect on prices and the market now looks to the Chinese government to possibly introduce a range of stimulus measures," said Liz Grant, a senior account executive with futures brokerage Sucden Financial in London.

  • Reply to

    Brean upgrade this morning to EJ & SFUN

    by venetianplayers Apr 2, 2014 9:13 AM
    ksn_44 ksn_44 Apr 2, 2014 9:23 AM Flag

    Analysts at Brean Capital Initiated coverage on shares of E-House China Holdings (EJ) with a Buy rating and a price target of $20.00, suggesting 58 percent upside.

    “We believe E-House is a strong market player and should continue to benefit from its transition from an offline to online service provider. The company has made good strides so far, with strong sales in Ecommerce services in just the last two years, accelerated growth in Listing in the last year, and recent initiatives to move E-House more firmly into the online sphere and provide more comprehensive online services.” Brean Capital said in a note to clients

    “In the real estate services sector, EJ is one of the only prominent players to have an O2O platform; given the significance of a home purchase for most buyers, we believe its offline component complementing its online business is a competitive advantage that has helped EJ attract market leaders like Sina and Tencent as partners. We expect continued significant upside from its Online services segment, which should also provide a considerable boost to E-House’s overall revenue growth and margins” it added

  • China’s stocks rose to the highest level in a week, led by property developers and metal producers, after copper prices climbed on an earthquake in Chile and speculation grew the government will relax housing curbs.

    Poly Real Estate Group Co. surged 6.5 percent and a gauge of real-estate shares jumped to a six-week high after the Shanghai Securities News said some Chinese cities are discussing easing curbs on home purchases. “I suspect we may have seen the last of the declines for the time being,” Zhang Haidong, an analyst at Tebon Securities Co., said by telephone in Shanghai. “Data yesterday showed the economy isn’t doing well. Investors are expecting the government to unleash stimulus measures in the second quarter to ensure stable growth.” Government officials in the cities of Changsha and Hangzhou told local property companies in meetings last week that local governments are considering property market stabilization policies, including relaxing home purchase curbs, the Shanghai Securities News reported, citing unidentified people in the property industry.

  • NEW home sales in Shanghai more than doubled in March from a month earlier amid increased supply, an encouraging sign for real estate developers, according to latest market data.

    The purchases of new residential properties, excluding government-funded affordable housing, surged 122.7 percent from February to 932,300 square meters last month, Shanghai Uwin Real Estate Information Services Co said in a report released today.

    The average price of new houses, meanwhile, edged up 0.34 percent from February to 25,790 yuan (US$4,159) per square meter, staying above the 25,000 yuan threshold for the fifth straight month, Uwin data showed.

    "Robust sales registered in the last week of March, particularly the last three days, helped push up the volume to exceed 930,000 square meters, which was pretty good for that month of the year," said Huang Zhijian, chief analyst at Uwin. "However, it remains unknown whether such momentum will extend in the coming months as it just depends on the upcoming supply in the mid- to low-end segment."

    Around the city, a housing project in Jiangqiao in the outlying Jiading District became the best seller after 726 units were sold for an average 13,101 yuan per square meter.

    In terms of supply, more than 1.15 million square meters of new houses were released to the local market last month, a surge of 82 percent from February, Uwin data showed. It was also the first rebound after four weeks' consecutive decline.

  • Reply to

    FOR ONCE

    by ksn_44 Apr 1, 2014 1:42 PM
    ksn_44 ksn_44 Apr 1, 2014 3:46 PM Flag

    SFUN a BEAST today.

  • Reply to

    FOR ONCE

    by ksn_44 Apr 1, 2014 1:42 PM
    ksn_44 ksn_44 Apr 1, 2014 1:43 PM Flag

    And further, SFUN has not budged, continues to power higher as of this writing, up almost 7%.

  • ksn_44 by ksn_44 Apr 1, 2014 1:42 PM Flag

    I sold a small portion of my investment and now can buy the stock back and AT LEAST .40 less. I think you are crazy not to do it. Of course, you can never get the absolute high but it does appear any morning run is not going to last more than an hour or two.

    EJ tanking after a morning pop is about as tried and true as the sun rising in the east every morning. How many weeks has it worked this way now, probably 3 if not 4. Must be 15-20 trading days for sure.

  • Reply to

    20 week high for home buying sentiment

    by ksn_44 Mar 31, 2014 5:22 PM
    ksn_44 ksn_44 Apr 1, 2014 9:51 AM Flag

    I am not sure where the fear is with regards to slowing housing prices?

    ******************************************************************************************

    Beijing led the rise in new home prices among the 10 biggest Chinese cities in March, with the average cost increasing 27.13 percent year-on-year to 33,069 yuan per square metre, the data showed.

    Prices in the southern city of Guangzhou increased 20.48 percent year-on-year and those in nearby Shenzhen gained 19.02 percent.

    In Shanghai, China's commercial capital, the average cost of a new home came to 32,339 yuan per square metre, up 14.89 percent from the same month a year ago.

  • HSBC says that its reading confirms the weakness of domestic demand. "This implies that 1Q GDP growth is likely to have fallen below the annual growth target of 7.5%. We expect Beijing to fine-tune policy sooner rather than later to stabilize growth," HSBC says. (PR)

  • Ya think this would count for something? Plus, prices were down. What could be more perfect?

    STRONG sales of mid- to low-end homes powered buying sentiment for new houses to the highest in Shanghai in 20 weeks although the weekly price fell, latest market data showed.

    The purchases of new homes, excluding government-subsidized affordable housing, surged 45.1 percent to 288,500 square meters last week, the highest seven-day volume registered in the city since mid-November, Shanghai Uwin Real Estate Information Services Co said in a report released yesterday.

    “Robust demand from budget-conscious first-time buyers boosted sales in the mid- to low-end sector which also helped explain a week-on-week drop in the average price,” said Huang Zhijian, chief analyst at Uwin.

    “For March, the total transactions will likely be around 900,000 square meters which is pretty good.”

    The average cost of a new home dropped nearly 8 percent from a week earlier to 23,104 yuan (US$3,716) per square meter, or a 33-week low since mid-August, Uwin data showed.

    About 210,000 square meters of new homes sold last week cost under 25,000 yuan per square meter.

    Last week, units in nine of the 10 best-selling housing developments in the city sold for an average price of below 25,000 yuan a square meter.

    As of Sunday, 874,000 square meters of new homes were sold across the city in March, or a daily average of 29,100 square meters.

  • vergrande Real Estate Group Ltd. (3333), China’s third-biggest developer by area sold, said 2013 earnings rose 66 percent after it sold and completed more properties as the government didn’t add to nationwide curbs.

    Profit excluding valuation gains or losses rose to 10.31 billion yuan ($1.66 billion) from 6.2 billion yuan a year earlier, the company said in a statement to the Hong Kong stock exchange today. That compares with the 8.6 billion yuan average estimate of 18 analysts surveyed by Bloomberg. Revenue jumped 44 percent to 93.67 billion yuan.

    Evergrande’s earnings rose after it sold the third-most homes by area among Chinese developers, according to China Real Estate Information Corp., or CRIC, a property data and consulting firm. China’s Premier Li Keqiang last year refrained from adding new nationwide property curbs to rein in prices.

    “Evergrande targeted mid-end buyers, which helped turn around sales quickly,” Duan Feiqin, a Shenzhen-based property analyst at China Merchants Securities Co., who rated the stock buy, said before today’s release. “The company is also doing well on cost control.”

    Evergrande’s contracted sales rose 8.8 percent in 2013 to 100.4 billion yuan, representing a gross floor area of 14.89 million square meters (160.26 million square feet), it said.
    Sales Target

    “In 2014, although it is widely expected that the growth of transaction volumes and prices in the market may narrow and local regions may experience short-term market fluctuations, the policy and market environment generally remains stable, which provides a solid base for the group,” Chairman Hui Ka Yan said in the statement today.

    The developer reaffirmed its sales target of 110 billion yuan for the year, compared with 100 billion yuan in 2013.

  • Following Tencent's investment in Leju, the online unit of Chinese real-estate broker E-House (China) Holdings, EJ +1.69% it wouldn't be surprising to see a rivals take an interest in much larger Internet real-estate site Soufun Holdings, SFUN +4.00% which has dominant market share in online-property advertising.

  • Reply to

    As usual it is fading again

    by babbeo6 Mar 28, 2014 1:34 PM
    ksn_44 ksn_44 Mar 28, 2014 2:05 PM Flag

    As I suspected, alot of folks who bought in the 11's on the recent spanking dumped right away. When you have high volume price drops this is what you are up against. Unsurprising but still very disappointing to say the least. Generally it takes a news worthy item to propel them through this fierce resistance.

QNST
6.02-0.05(-0.82%)Apr 24 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Amazon.com Inc.
NasdaqGSThu, Apr 24, 2014 4:00 PM EDT