I thought you might be happier since St. Mark appeared on BloombergTV....you were always admonishing mgt to get on CNBC!
It sounds like we will have an EVINE Event on Cyber Monday.....and I bet EVINE Live TV will promote it next week!
The General was the last to appear on TV to talk about the company....St. Mark is doing everything right and has received broader coverage in less time than any prior CEO. NY Post, Bloomberg, Multichannel News, etc, etc.
For those of us who have been around...this is real change that we have not seen since 1999.
This time however it is for real! St Mark my words....we will be significantly higher more quickly than anyone would expect. We might actually have a very Merry Christmas!
Talk about your X- Files:
“It is time for a new challenge and a new adventure. Although it is a little scary to leave what you have always known, I am very excited about what lays ahead.” - L. Robertson....QVC's #1 host (she could bring an audience to EVINE Live)
Perhaps to join K. Levine who left Q awhile back to join with St. Mark.....(she could bring an audience to EVINE Live)
RTL Group and Bertelsmann to pump $2 billion into digital programming.....“It’s an incredibly disruptive time,”
Its strategy with Munchies platform, launched in partnership with Vice, is to use annotations and extra content to migrate traffic from the Munchies channel on YouTube to the Munchies platform, a site where they can control ad sales. According to Lauren Cynamon, executive producer of Vice Munchies, the site tries to create an immersive experience with 7 new food articles a day, as well as recipes, in a bid to keep viewers on its platform rather than going back to the Google universe.
Another opportunity Beers sees for FMNA is to leverage its massive back catalog of television intellectual property to create digital content from classic brands. Tiny Riot, FremantleMedia’s digital studio, is currently working on a new vertical called Buzzer that will be a digital game-show network, says Beers.
The network will feature YouTube’s biggest stars competing against each other inside popular game-show formats from today and past eras. Fremantle owns the rights to many well-known game shows like The Price is Right, Let’s Make a Deal, Family Feud and Password, all which will be re-made and targeted to a younger audience.
“The idea is to get these YouTube stars engaged in a great, old game-show format,” says Beers. And they get paid while “getting a chance to subvert an old format and have fun with it.”
On November 17, 2014, the Company entered into an Executive Employment and Severance Agreement with Mr. Bozek. The employment agreement provides for a three year initial term, followed by automatic one-year renewals. The employment agreement provides for an initial base salary of $625,000 per year, a signing bonus of $125,000 and a one-time first-year bonus of $381,849, payable upon completion of the fiscal year ending January 31, 2015. For subsequent fiscal years, Mr. Bozek will be eligible to participate in the Company’s annual cash incentive plan as in effect from time to time. To assist with Mr. Bozek’s relocation to the Company’s headquarters in Eden Prairie, Minnesota, his employment agreement provides for a living expense allowance of $2,500 per week for up to six months, plus an additional amount to make Mr. Bozek whole for taxes on the living expense allowance. Mr. Bozek will also be eligible to participate in the Company’s executive relocation program. His employment agreement also provides that the Company will reimburse Mr. Bozek for up to $20,000 in reasonable and documented legal expenses and other costs associated with the negotiation of his employment arrangements, and for an award of performance restricted stock units under the Company’s 2011 Omnibus Incentive Plan with a fair value of approximately $1,000,000.
It indeed was the GOLD proxy........
If St Mark gets us to a ZU-like valuation....the investment is well worth it. The focus of this board should not be on the past but on the future....and particular attention to plans and results to get us to a ZU-like valuation!
MIss Moss is all about home shopping nets....EVLN ain't one of them anymore.
According to my math...ZU was 28x our MarketCap at its HI of $73.50 and currently stands at 10x our market cap .
Zu took 3 years to get $1B. We are already 65% there. St Mark & Company should be able to get us there by 1/31/2016....54% growth.
Quite frankly anything less would be disappointing considering the exp and credentials of mgt and the Board AND an 87M home footprint
We can totally agree that there has been a lot of time and resources wasted by the teams in EP.
Ridiculous carriage charges are behind us (tho still exorbitant imo); ASP is where it should be; we have a proven mgt team that is not arrogant (one hopes) and an energy at the company that Billy said is higher/better than he has seen it in 4 years!
This EVINE thing better get us to $1B in sales in 2 years or less!
Zulily is a dumb name too but it is valued 10x more than VVTV with a business that does 2x our sales.
We are finally embracing digital commerce....dumping VVTV, ShopHQ etc are all vestages of the #3 home shop net.
EVINE Live and EVLV do not say Home Shopping Network (thank god)
In the words of a former CEO...it is a whole new ball game. St Mark and Company view themselves more as ZU than HSN imo. The hyper sales growth you suggest needs to happen....is exactly what will happen over the course of the next year. That is what EVINE Live is ALL ABOUT. This is NOT a quasi HSN or quasi QVV strategy. This is total disruption of the spaces they and others occupy. The very good news is that neither H nor Q can emulate this strategy without serious risk to their own models. ZU is naive if they think they can beat EVNL.
Your target are WAY too low even if we do not get the hyper sales growth that I believe we will get.
Look at the presentation on the web site and youb will see that they are comparing EVNL with ZU (and H and Q)....trust me....this is about getting the ZU valuation.
The next great digital commerce company...and you have never heard of them....but they do $657M sales with margins that ZU could only dream of...and they can easily and inexpensively communicate to 87M homes....and the communicators include some of the best in the business.
The bifurcation of value to EVLV is starting....
Lots of names the same....some have become shareholders (Renker to name 1).
Lots of believers....and this time 87M homes to communicate with.
EVINE will hit $1B in sales much sooner than anyone suspects. How long did it take ZU to hit it? EVINE will beat that mark...by a large margin.....and that is why the bifurcation will happen sooner than later.
Our new strategy is to out ZU...ZU...therefore our new target should also out Zu...Zu...that would be $167.
Why not? We have 87M homes, an experienced and newly passionate sr mgtm team AND associates; a Board of Directors with lots of contacts/experience AND a whole new market of shoppers who (we hope) will love love love to shop pn all of EVINE Live digital platforms.
St Mark and St Russell now have something to shoot for. Am sure St Carlo and newly sainted St. Greg are fully supportive.
So let it be said...it is their sacred duty to deliver a heavenly share price!
Well it looks like the golden ticket machine was plugged back in in EP. Now that we have printed out a few golden tickets...time to unplug it and for the ticket holders to DELIVER!
This really was a BOLD move! The General is happily puffing away on his pipe in Heaven. Someone needs to give St. Mark a pipe for Christmas!
Finally....after so many years....new found hope....but this time...we have the talent to execute!
Neeley is smiling ever so big this morning!
I think EVINE was dormant...looking for a resurrection....which it now has. St Mark and St. Russell were involved...so let's hope they remember this is a public company.
From what I understand, the Ky expansion is going well....just one big happy family down there.
I think the new name/strategy (once fully explained) will attract new 'digital' (aka go go, rah rah, run up the price to the heavens) type investors who will not really look for Q4 reults just yet...they will be interested in accelerating sales growth however. (aka 15%).
I think EVINE is set to eat Zu's breakfast, lunch and dinner and get a Zu-like valuation in the process.
St. Mark's sacred duty: To Be Bold and to go where the General might have take us!
Q earnings are solid...but the EVINE news is what it is all about.
For thos who thought ZU was a dumb name and a dumb valuation....look out....we are about to make St Carlo (and the rest of us 'saints')...very happy $$$$
I can't wait to see us truly morph to a true digital commerce company....and to perhaps tell the MSO's to shove it where the sun don't shine!
The rebrand will not be without challenges....but....am much more excited about future prospects of this company now than when it was just ol ShopHQ...or SNBC....or even SnapTV!
Once the old style investors are gone (aka GE)....the mo mo Zu Zu arrive!
We are on the ground floor!
While we deal with our legacy pain in the a@@ (GE)....is Comcast a future pain in the a@@? There has been nothing mentioned during all this change of the past months and I do wonder if my long held belief (Comcast/Roberts like this business)....is true?
Other than over-charging VVTV for carriage....what else has Comcast done (or do) for us?
I will be #$%$ if GE keeps the SC Rally from impacting us!
Greg T, Barry D or Liber-T would all have the means and possible interest to buy the stock from GE!
(am a poet and know it)
Marissa is a babe!
We could use a genie to get shop running! (rather launching)!
Extreme optimist....perhaps.....but the reality is that VVTV is far undervalued to its peers and to its future.
A price in the $20's is much ore appropriate