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QuinStreet, Inc. Message Board

ksn_44 75 posts  |  Last Activity: Aug 31, 2015 2:30 PM Member since: Jun 28, 1998
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  • Until today possibly? Man, we are at 4.6M shares with an hour and a half to go.

    SFUN is nearly 40% higher than EJ, even higher than LEJU. And check out these estimates.

    EJ EPS for 2015 is .31 and for 2016 is .64
    EJ rev growth for 2015 is 20% and for 2016 14%

    LEJU EPS for 2015 is .64 and for 2016 .80.
    LEJU rev growth for 2015 is 23% and for 2016 20%

    SFUN EPS for 2015 is .19 and for 2016 is .43
    SFUN rev growth for 2015 is 20% and for 2016 is 28%.

    And for this we are priced nearly 40% less than SFUN?? Huh? Somebody give us some respect. How about a MANAGEMENT INVESTMENT ala SINA which has driven the stock up almost 30% in a week (note: I have let IR know how I feel about EJ doing the same...cmon, let's step up to the plate here!!!).

  • Reply to

    Unloved, disrespected and shunned

    by ksn_44 Jun 5, 2015 2:43 PM
    ksn_44 ksn_44 Jun 5, 2015 3:03 PM Flag

    I am a little off on my SINA numbers..........................................Sina and Weibo are now respectively up 39% and 22% since Sina CEO Charles Chao announced on Monday he's investing $456M in Sina.

  • Someone wants in badly.

    EJ LEJU movement due to the MOM new home price increase shows the value of pricing compared with transactions. Transactions mean far less when not accompanied by rising prices. This confirms the stock itself follows housing prices, particularly YOY and even as we have seen MOM. We get the official word on prices around the 18th from the govt.

    We would get another big kick from YOY prices but I don't think they turn positive until the end of August or even September. As we are still 30+ percent lower than SFUN, and our earnings will be every bit as good if not better, comparatively we still have catching up to do.

    Now perhaps that investors are convinced prices are on the upswing, we can continue to catch a bid. Our margins should improve as well. All in all, we are shaping up for a solid beat to Q2 numbers.

  • Reply to

    Catching up

    by boricuadave49 Jun 8, 2015 10:33 AM
    ksn_44 ksn_44 Jun 8, 2015 10:49 AM Flag

    12500 CALLS for the JULY 6's.

    EJ has a ways to go to catch SFUN, when in reality their financial expectations are even better.

  • They are bailing on us at the bottom,

  • Reply to

    I am about ready to throw up

    by ksn_44 Jun 9, 2015 9:39 AM
    ksn_44 ksn_44 Jun 9, 2015 10:36 AM Flag

    Oh, I have already informed IR someone is going to fry over there.

    Note the headline....the buyout is a "25% premium" to the share price of the last 15 days.

    It doesn't mention they came public at 25 or whatever it was 8 years ago and the stock is down 65% in the past year. Zhou screwing every long term investor of the company. If you bought at 5, the heavens be with you.

    But you are right, someone gonna pay here. I for one will ensure the SEC is all over it.

    Note they cannot even hit 7.38. Investors figure the company isn't worth it. My oh my how they have fallen. I would expect there will be many more US LISTED Chinese companies privatizing. They all could have listed in Shanghai, and that dumb move has cost them dearly.

  • Shot up to 34.

    Buyout 7.38.

    And this is a success story? Sounds like a Harvard B school case study in Chinese failures.

  • ksn_44 by ksn_44 Jun 9, 2015 12:22 PM Flag

    EJ EPS for 2015 is .31 and for 2016 is .64
    EJ rev growth for 2015 is 20% and for 2016 14%

    SFUN EPS for 2015 is .19 and for 2016 is .43
    SFUN rev growth for 2015 is 20% and for 2016 is 28%.

    Simple comparative. SFUN making less than EJ in 2016. Far less. SFUN trades at a 21% PREMIUM TO THE BUYOUT PRICE. Sure, Zhou has our best interests in mind.

    Yeah, this is a fair shake. Right.

  • Reply to

    Came public at 13.80 in 2008

    by ksn_44 Jun 9, 2015 12:03 PM
    ksn_44 ksn_44 Jun 9, 2015 12:32 PM Flag

    JASO and MR also screwed shareholders in the past couple weeks. Yes, I believe there will be a mass exodus. I think all the Chinese CEO's are peeved they missed the Shanghai tripler.

  • Reply to

    Private

    by starcutspin Jun 9, 2015 12:44 PM
    ksn_44 ksn_44 Jun 9, 2015 1:49 PM Flag

    I already called one (Brookfield) and told them my opinion.

    Look at DATE, their PRIVATIZED offer was just raised another 35%, but it appears there are more bids also. Shareholders complained.

    But since this offer is from Zhou, I am sure he is greasing the palms of the "disinterested" committee (what a joke). 95% sure we have no chance here. Zhou owns all of their pocketbooks so he gets what he wants.

    Welcome to owning Chinese stocks. Should have known better. I hope he lists in Shanghai and their market crashes. Would be justice.

  • Reply to

    Came public at 13.80 in 2008

    by ksn_44 Jun 9, 2015 12:03 PM
    ksn_44 ksn_44 Jun 10, 2015 9:46 AM Flag

    I plan on writing the top 10 holders. Giving my thoughts on valuation. Any input you want included, please share. Will send out within a week.

  • Keep in mind, they IPO'ed at 13.80, and touched 34 several years ago. So 7.38 is superior value? Does he think we are all really THAT stupid???

    Our proposal provides a very attractive opportunity to the Company’s shareholders to realize superior value.

  • Reply to

    After reading the filing.....

    by boricuadave49 Jun 10, 2015 7:23 PM
    ksn_44 ksn_44 Jun 10, 2015 11:08 PM Flag

    bori, that MAY be boilerplate wording included with every buyout offer. I saw that myself and do not want to raise false hopes. I hope you are dead right. But did you see all the references to Zhou's desire for the "expedient resolution of the buyout"?

  • Reply to

    Ehouse related to renren?

    by sugx2 Jun 10, 2015 8:13 PM
    ksn_44 ksn_44 Jun 10, 2015 11:09 PM Flag

    There have been about 10 in the past few months, and the tidal wave will only increase. Similar stocks on the Shanghai exchange have valuations 5X what their American counterparts have. Sometimes more.

  • ksn_44 ksn_44 Jun 11, 2015 4:27 PM Flag

    Did you see the call option purchases on Friday???? How about the 1.8M share block on Thursday. You are right, we have been SOLD UP THE RIVER, buddy.

  • Reply to

    Why not buy here?

    by drinkdakoolaid Jun 11, 2015 12:23 PM
    ksn_44 ksn_44 Jun 11, 2015 4:28 PM Flag

    What if it takes a year? Or longer?

  • SINA CEO.......On June 1, invests $456M into the company. The stock at the time was 40. Two weeks later the stock is 60. The CEO makes an investment and the stock goes bonkers. Shows US-listed Chinese stock investors will respond to CEO's that value their shareholders.

    EJ CEO......Makes a low ball buyout offer of 7.38. Attempting to bludgeon investors by stealing the company. Stock IPO'ed at a13.80 seven years ago. CEO has been responsible for basically halving shareholder value and bailing out at half the IPO price after 7 years of business operations. And he gets increased stock options every year and a healthy bump to his CEO 7 figure salary as well.

    What a country!! You gotta love it. Now, aren't you glad you put your money into EJ and not SINA??!!

  • Reply to

    Comparative on CEO's

    by ksn_44 Jun 14, 2015 12:12 PM
    ksn_44 ksn_44 Jun 15, 2015 8:44 AM Flag

    " CEOs are responsible for a lot of things, but stock price is not one of them, at least to the investors unless there is a fraud."

    Wow. This is a new one. If he isn't, WHO IS?

    NOTE: And, yes, I do blame him for taking us private at 7.38. And further note, see above on SINA's CEO. Yes, the CEO can and should be proactive in appeasing shareholders. They are the ones who share in the ownership of his business! You are not supposed to screw them. You obviously have a trifle in the stock, I don't.

    US investors are telling these Chinese companies if the CEO wants to invest in the company, we will respond to the stock price. It ain't much more complicated than that, abacus, Yes, Zhou has every right to buyout the company, but he also has a fiduciary responsibility to shareholders to maximize shareholder value, and he copped out. The SINA CEO's actions were with shareholders in mind. You should see how plainly obvious this is, SINA was a dog for a year and a half as well.

  • Reply to

    Comparative on CEO's

    by ksn_44 Jun 14, 2015 12:12 PM
    ksn_44 ksn_44 Jun 15, 2015 12:32 PM Flag

    What does this have to do with CEO's reimbursing investors? And what does this have to do with the company going under?

    My point is as a CEO you have a fiduciary duty to maximize shareholder value. I feel that as the stock was 15 one year ago, and it is now being taken out at 7, this is not maximizing s'holder value. This is a selfishly motivated take out. From your reasoning as to him not taking us out at 4, why did he not take us out at 34? I am sure this #$%$ regrets not taking the company private at 4 or 5, you can bet on that.

    Chinese RE is on the mend. We are most likely going to annihilate numbers for Q2. If you read the Yahoo Estimates, SFUN is projected to make far less than EJ for both Fiscal 2015 and 2016. Yet SFUN's stock is (or was Friday) near 10. WE ARE BEING TAKEN OUT FOR 35% LESS THAN WHERE SFUN IS TRADING NOW!!!!

    Again, it matters whether you have $5000 invested or $500,000. If you have $5000, comme si comme sa. So be it. Everything is relative. You can't have that much in it, or you bought at 4 or 5. If so, may the gods be with you. Otherwise, you would be screaming to the heavens.

    He obviously holds no regard for LT shareholders. I will note for you that Kylin has bought MILLIONS of shares and has held them for AT LEAST A YEAR. I can't imagine what Ted Kang is thinking, cannot even imagine.

  • Reply to

    EJ is definitely a buy here

    by alex_iff Jun 15, 2015 12:35 PM
    ksn_44 ksn_44 Jun 15, 2015 1:27 PM Flag

    Nothing is 100%. Financing could fall through, Zhou could fall victim to the anti corruption campaign, a dog could run out and bite him hospitalizing him for months, whatever, you get the point. But you are right there is money to be made. The qualifier is that if the deal does not get done for a longggg time due to, again, whatever. That whatever is the risk.

    Buy some APPL, you'll sleep better.

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