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Liberty Interactive Corporation Message Board

marubozo100 127 posts  |  Last Activity: Jul 13, 2014 8:01 AM Member since: Mar 24, 2008
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  • marubozo100 marubozo100 Jul 13, 2014 8:01 AM Flag

    The BDT has now been aboard 20 days....they promised: business will not be "usual".

    They insist on an executive team that works every day (from the headquarters) to develop the business and increase shareholder value.
    There will be a focus on innovation and catching up – and then leap-frogging – the competition.
    The business will evolve quickly, with the addition of new vendors, proprietary brands and programming approaches that will not cost a lot, but which will have a major impact on the bottom line.
    The look-and-feel of the channel and Company will finally emerge from the 1990s and have a modern, interactive, clean and inviting look.
    The culture inside the company will change too: Gone will be the million-dollar per year, three-day-a-week executives that have understandably bred resentment and loathing.
    Gone too will be the coarse language and oppressive, imperial leadership culture that we have heard so much about from present and former employees.

    Buried inside of ValueVision are the assets, skills, and creativity required to spawn the next leader in omni-channel retailing; the BDT relish the opportunity to mold those assets into a Company of which we can all be proud.

    Day 20 of "business will not be usual".....all I see is the usual non-performance in our pps.

    Sure, 20 days is not long....but 20 days quickly turns into 23 the BDT truly capable of delivering what they promised? We shall the days, weeks, months and years ahead.....where have we heard that before.........................

  • For those who care the pps has fallen below where it has been since the BDT started on 6/23/2014.

    Yup...only Day 12....but before you know it will be 24 years.

    Where is the "sense of urgency"?

    Promising to be a thorn in the side of the BDT for as long as it takes to get the pps to some semblance of true value.

  • Reply to

    KS is selling his shares

    by trumpace Jul 2, 2014 6:08 PM
    marubozo100 marubozo100 Jul 3, 2014 9:25 AM Flag

    Mr Trump,

    KS deserves the rewards...he took the risk with his own money. Am sure one driver is to get below the 5% threshold....he no longer has to file Schedule 13D. Maybe he wants to buy a fishing boat/yacht? He made wise investment....he could very well end up as the guy who made the most from VVTV...!

    Hope you and I can be as fortunate as KS....the Bozek Dream Team....time to deliver!

  • Reply to

    New Rec

    by mr_harry_lime Jul 1, 2014 1:47 PM
    marubozo100 marubozo100 Jul 2, 2014 4:57 PM Flag

    Mr. Lime,

    Her actual name is: Aria Asia Maria Vittoria Rossa Argento.

    Tawdry perhaps....but in an angelic way....especially....down there....

  • marubozo100 by marubozo100 Jul 2, 2014 8:18 AM Flag

    According to Argento, with new management comes a "new and ambitious" course of action including enhanced merchandising, marketing and on-air production.

    "Value Vision Media is in a unique position to disrupt and re-invent the shop at home category by leveraging its flexible e-commerce, social/mobile channels to become a true omni-channel retailer," said Argento.
    I would agree that VVTV is in a unique position to 'disrupt and re-invent the shop at home category'....becasue neither Q or H would be willing to take on that risk to their current businesses. If not for the @$95M VVTV pays for carriage (extortion) they could truly be in a position to 'disrupt and re-invent'...but that acts as the 'governor' to any truly disruptive or re-inventive actions/strategies they could take.

    The definition of omni channel retailer - providing an immersive and superior customer experience regardless of channel. Omni-channel retailers carry merchandise that is customer-centric; not specific to any channel(s). Supply chain visibility is necessary to enable omni-channel sales.....Preparing for an omni-channel presence will require a heavy investment of both time, and money. Communications between the IT department, marketing department, and sales staff will need to be as smooth as possible with little confusion about goals and strategies. A clear and thorough understanding of the customer, or target market, is required to be able to make appropriate decisions about channel integration and usability. Because brick-and-mortar sales influenced by online search are four times higher than total e-commerce sales, omni-channel retailers need to be informative, personable, always connected and allow channel transparency.
    So how does the Bozek Dream Team develop a "clear and thorough understanding" of the % of our 87M home footprint that we need to generate enough revenue from the current ASP....that will pay the bills and be wildy profitable? How long will that take???

  • Reply to

    New Rec

    by mr_harry_lime Jul 1, 2014 1:47 PM
    marubozo100 marubozo100 Jul 2, 2014 8:02 AM Flag

    Mr. Lime,

    Here is Mark Argento bio:
    Mark is a senior research analyst heading up Lake Street Capital Markets' IP/Licensing, Digital Media/e-commerce, and special opportunity research practices. Mark focuses on identifying dynamic, innovative, entrepreneurial companies led by strong management teams that are well positioned to benefit from secular growth trends in the marketplace. Prior to co-founding Lake Street, Mark was a senior research analyst at Craig-Hallum Capital Group where he was involved with finding and covering unique and high potential companies. Previously Mark was a Principal and senior research analyst at ThinkEquity Partners and an analyst at Piper Jaffray in Minneapolis covering digital media, consumer, and internet companies. Mark received a BA degree from St. John’s University and an MBA from The University of Minnesota Carlson School of Management.
    Suspect he became acquainted with VVTV when at Craig-Hallum

  • Reply to

    Back to business

    by trumpace Jun 28, 2014 12:12 PM
    marubozo100 marubozo100 Jun 28, 2014 6:43 PM Flag actually unwittingly hit on the the solution....the very fact that ShopHQ IS NOT H or Q could be a reason to select ShopHQ for the next GoPro. (different demopgraphics supposedly)

    ShopHQ is not gonna beat H or Q at their game....ShopHQ needs a different game to excel

    According to you, CG et al...we have the Bozek Dream Team. Time for the "Dream Team" to deliver the goods.....and no...they DO NOT need a long ramp up....not with all their experience.

    The pps continues to languish albeit stuck at $5 since the Dream Team "won". Only a 1 1/2 weeks...give them time some might say....NO....A VERY LOUD NO!

    it has been 23+ Years and this owner is S I C K of paying $$$ for just more overpayed and underachieving management.

    The 90 Day Plan had BETTER BE ON TRACK otherwise the Bozek Dream Team is just another overpaid and over-experienced group who will do what they need to do to get the Golden Ticket compliments of the OWNERS of this company!

  • Reply to

    Back to business

    by trumpace Jun 28, 2014 12:12 PM
    marubozo100 marubozo100 Jun 28, 2014 5:06 PM Flag

    Mr Trump,

    You are spot on. Bozek and the new board should retrieve ALL of the PR and other articles written when the General commanded VVTV. They will learn what was tried and also look at the 'sizzle' that was VVTV...before its time. Could those initiatives work today? Perhaps?? Q and H CAN NOT make wholesale changes to their business model....that is what VVTV can exploit....but they still need to drive sales and earn a profit.

    Imagine if Go Pro had been launched as an exclusive on VVTV? That is the type of product that needs video to demonstrate whiy it is so cool.

    They must also continue to reduce our carriage costs! They are still too expensive in a world of 1000+ channels and the cable/satellite guys know it. Thier broadband businesses are doing well and they charge zero/nada nothing to the Amazons of the world who are beamed into all their homes for free.

    If this is the Bozek Dream Team...see how the General took VVTV from $3 to $62....this time however, the $62 or above could stick!

  • Wonder what that was all about?

  • Reply to

    GE exercises warrants

    by trumpace Jun 26, 2014 7:51 PM
    marubozo100 marubozo100 Jun 27, 2014 4:13 PM Flag

    Mr Trump,

    You are correct. Ms Roseanne Rosanna Danna would say...."Never mind"

  • Reply to

    GE exercises warrants

    by trumpace Jun 26, 2014 7:51 PM
    marubozo100 marubozo100 Jun 27, 2014 7:39 AM Flag

    Mr Trump,

    GE had 6M warrants at $.75 It was a cashless excercise so it resulted in 5,058,741 shares for GE. Our float is now @54M shares.

    I suspect this action is part of whatever plan Comcast/GE had that also allowed the BoD to be reconstituted; KS to resign...and is possibly also tied to our new "enthusiastic investors: CG & Friends". We shall see?

    Wonder what price GE gets for those 5,058,741 shares and who will be the buyer? Would think Comcast interested....if not....Comcast shares might also be in play....
    Other: Noted that Carol Steinberg sold some shares. Perhaps she needed cash for a down payment on her new MSP area home? Or other cash needs? Would not think It would gain favour with her new boss Bozek who might think the action is 'sour grapes'? Bet that we say bah-bye to CS soon...
    KS pay-off....imo he deserved it more than others who have cashed similar golden tickets from the VVTV golden ticket machine. At least he is giving us 6 months to pay him. Happy fishing Keith!
    As Mr Lime suggested....IF ASP has stabilized (MR et al still do not get the ASP thing...that is what KS & Team did and ended up taking the bullet as a result) then Q2/Q3 should beat on Topline and Operating EBITDA line.

  • Reply to

    The stage is set for some innovation

    by retailexecutive Jun 23, 2014 3:32 PM
    marubozo100 marubozo100 Jun 24, 2014 1:35 PM Flag

    Mr Trump,

    The info on severance is available in the full proxy filing.

    I think CG is on the up and up in re trrading activity.

    I think the 'Bosek Dream Team' is all about growing VVTV to be the #1 or #2 home shopping network.

    Lofty aspiration. Do-able??? HSN is a $2.5B Sales (TV Sales) operation in US. If VV had same sales it would be MUCH more profitable because fixed fee for carriage.

    While taking share from Q and H is where some of the growth could come from....the far larger opportunity is to introduce the millions of potential shoppers to "not your grandma's home shopping network"....but that needs to be done very carefully........(I really don't want to see Q or H train ther bigger guns on VVTV)

  • Reply to

    The stage is set for some innovation

    by retailexecutive Jun 23, 2014 3:32 PM
    marubozo100 marubozo100 Jun 24, 2014 11:25 AM Flag

    Mr Trump,

    KS resigned. There was a change in control. KS will receive anywhere from $1M to $2M+ in severance. Paid in lump sum!

    If all other named execs will cost from $2.4M to $4.8M+....paid in lump sum.
    (would think this is likely because they all commuted)

    The Golden Ticket Machine is back in service in EP....KS joins the VVTV-Made millionaires club...usually highlighted by under-achievement and over-payment. LT shareholders are again asked to bend over!

    Then we will have the new recruitment costs/signing bonus/move to MSP costs of the new team.
    The the cost of the NYC office.

    Looks like it all adds up to at least $10M!

    Tomorrow, tomorrow, there's allways tomorrow.....thats when VVTV will pay! Argghhhhhhhhhhhhhh

  • marubozo100 marubozo100 Jun 24, 2014 10:33 AM Flag

    Mr. Trump,

    I would think that Bozek will not be in the dark about anything as KS had managers that reported to him and are still there. RR has fellow Directors who are still around. Q2/Q3/Q4 numbers should be good (topline and operating EBITDA); the new team is going to slowly evolve the channel with new merchandise and programming....hopefully the ASP stays @ where it the current trajectory should be intact. We will see if the 'new stuff' accelerates and increases the trajectory. Maybe Bozek's 5 year plan is to grow to $2B LOL

    PPS should be @$12 now.....Bozek and team get credit for $12.

  • ...that is what Greg Taxin said on the video. Also back on Oct 30, Greg wrote a letter to RR......"we would be prepared to put our capital where our mouth is. We would be pleased to make a fresh, primary, minority investment in the Company of at least $25 million at a substantial premium to the stock price if the Board would accept our recommendation and replace Mr. Stewart and upgrade the Board significantly. We are aware of several other industry players and investors who would strongly consider investing alongside us in such a transaction and we would be pleased to have any other public or private investor join us, for example, in a rights offering, in helping to fund a new era of growth and profitability at the Company, under the direction of new, world-class leadership. We would be very surprised if the team we have in mind could not attract significant capital at a substantial premium."
    Since that time, CG reduced their interest from 5.8% to 4%.

    Do we now see CG put their $ where their mouth was and increase their stake back to 5.8% AND make a fresh, primary, minority investment of $25M?

    What other industry players and investors will be investing alongside?

    Is a rights offering on the table....and how much is needed to "fund a new era of growth and profitabilty at the that it is under the direction of new, world-class leadership."?

    This investor wants to see how much capital is attracted and at what premium!
    The time to talk is is now time for ACTION

  • Reply to

    The stage is set for some innovation

    by retailexecutive Jun 23, 2014 3:32 PM
    marubozo100 marubozo100 Jun 23, 2014 5:50 PM Flag

    Mr Trump,

    Bozek was followed by Tom McInerney; that person was followed by Mindy Grossman in 2006

    Diller hand picked Bozek to run HSN in 97. Diller also asked him to move along in 2003 as IACI's Tom McInerney came aboard. I think Diller may have been disappointed that HSN had not gained market share on Q..........
    I do think Bozek will provide a voice that we have not really had since the days of the General who like Bozek had appeared on CNBC a few times.
    Clinton Group President Greg Taxin said Monday that he expects further changes in management following the shareholder vote, and to see an improvement in the company's overall performance within two or three quarters.......TOMORROW, TOMORROW ITS' ALWAYS TOMORROW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    "The larger change will really be a cultural one: to pursue market share and to become as big as HSN and our other competitors -- not to be content to be third," Taxin said. ....................SO YOU THINK Q AND HSN ARE JUST GONNA ROLL OVER AND GIVE UP MARKET SHARE??

    Although he does expect the company to return to regular profitability, Taxin expects some investments will need to be made first to get it "back on the right path." .....Taxin/CG/et al should fund that investment at least to the $4.1M it cost the shareholders to respond/defend against CG. LOL
    Dollars Per Minute Inc., a New York merchandising and entertainment company that creates exclusive entertainment content and proprietary brands for women age 30 and over......WHADDYA BET WE HEAR A LOT MORE ABOUT THIS BOZEK VENTURE....ALONG WITH EZINE.

  • marubozo100 by marubozo100 Jun 23, 2014 1:26 PM Flag

    CG should be acquiring stock now....
    Will Billy, Bobby and Carol be following KS and also resign?
    Will Bozek change the slogan to Shop Share Laugh? (Beers and Siegel might also influence)...eVine
    Will Bozek move to MSP from FL or wherever he currently lives?

    On Friday we had a 4-4 split; KS still onboard as CEO and re-elected to the BoD....on Monday KS resigns CEO and Director and CG gets a 5th nominee on the BoD......what happend over the week-end?

    Here is what we can expect the next 90 days.....

    Examine executive team to determine if better operating executives can be located to MSP
    Develop proprietary brands to drive viewership, sales and margins
    Improved product mix and merchandising can drive additional penetration and sales
    Create fresh programming approach can dirve viewership and conversion
    Attract leading personalities, celebrities and musicians to draw audience and sell product
    Clever marketing to attract new viewers and customers
    Reduce costs, expand distribution, optimize the balance sheet and treat shareholders and employees well

    Since Bozek is now announced as CEO....they beat that goal by 3 months.

    New energy indeed!

  • Good luck to KS as he departs. He turned the ship around; did the heavy lifiting. He gives Bozek & Team a strong foundation from which to grow.

    Appears CG got its way after all. Congrats to them for the efforts. Let's all now move forward.

    The pps needs to be in the $12 range (that is the result of KS & Team). Bozek & Team can take credit for pps $12.

    Lot of work to be done but perhaps we have the 'sizzle' that we have missed for so long?!

  • Reply to

    Congratulations to the New BoD

    by marubozo100 Jun 20, 2014 6:47 PM
    marubozo100 marubozo100 Jun 21, 2014 8:46 AM Flag

    I would be surprised if the BoD does not get along and work in a professional manner. This is NOT Washington DC. Would suspect the BoD will nominate someone(s) to be Chairman from their group. I do not think KS will be a nominee. I do wonder if a Comcast appointment to the BoD is imminent?

    I am very happy with the new makeup of the Board. The 4 new folks bring lots of domain expertise that should lead to some exciting times for long as those times involve top/bottom line growth; no undue experiments with our money please. It would be refreshing to hear regular updates of what this "activist board' is up to...instead of being "cloaked in silence."

    Perhaps a review of the CG 90 day plan/timeline could provide some visibility to what we can expect (is replacing KS still a priority?

    It would be good for the new BoD to publish a statement of what they intend to do fully inform all VVTV consituents.

  • Special congrats to John Buck. He kept us afloat in the darkest days and glad to see he was re-elected.

    Time to quit talking and campaiging.

    Get to work and capitalize on the assets we have to greatly increase shareholder value.

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