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Corrections Corporation of America Message Board

mmmparsley 26 posts  |  Last Activity: Mar 2, 2015 10:45 PM Member since: Jun 2, 2003
  • Reply to

    Is Ren Ren a scam stock

    by this_boat_sure_has_alotta_holes Dec 13, 2014 10:55 PM
    mmmparsley mmmparsley Dec 16, 2014 12:49 AM Flag

    Snowball Finance is gaining huge momentum in China. Personally, as a consumer of financial information in China, I can authoritatively state that Snowball Finance has the best user experience of any other Chinese Financial News site. As an additional benefit, the website has been set up to be social and engaging unlike any other similar site in China.

    Snowball will eventually be a 500m-1b dollar company. I assume RENREN has about 30-40% control over Snowball, but we don't know yet. If so, I expect that 40m investment to soon be worth 170-350m. I suspect that investment has already doubled its value in the few months since the cash injection.

    Floor value of RENREN should be about $3.05. I'm buying 100,000 shares.

  • Reply to

    Is Ren Ren a scam stock

    by this_boat_sure_has_alotta_holes Dec 13, 2014 10:55 PM
    mmmparsley mmmparsley Dec 16, 2014 12:22 AM Flag

    Investments in FundRise, Snowball Finance, and others are almost as good as cash. Their 40m injection into Xueqiu (snowball), is almost certainly growing in value daily. Long-term investments seem undervalued on the balance sheet and although not as liquid as cash in the bank need to be included as easily divestible assets that add to the cash value handsomely.

    Will be adding more tomorrow.

  • mmmparsley mmmparsley Dec 9, 2014 8:43 AM Flag

    Yeah, I read that last week on a news website. It is a positive article and shows Yonghui is still expecting MyStore to be their primary mobile internet channel.

    There will be a significant jump in the amount of users when Yonghui goes from 13 to over 400 stores. HOWEVER, I don't think the company is currently counting Yonghui customers in the 1.3 million user figure. That's what IR told me.

  • Reply to

    Tiffany`s

    by sectorgrinch Dec 8, 2014 11:22 AM
    mmmparsley mmmparsley Dec 8, 2014 12:54 PM Flag

    No, it's just informational about Tiffanny's all-channel strategy.

  • Reply to

    Enterprise value $11.8 million

    by boredwalk32 Dec 5, 2014 11:18 AM
    mmmparsley mmmparsley Dec 6, 2014 7:44 PM Flag

    What do you mean?

    I'm realistic. I don't want to be a mindless cheerleader. Clearly Mystore is not immediately ready to generate revenue. On the other hand, It doesn't matter.

    MyStore will either be a game-changer or a waste of money. It either creates 100million-10billion in value, or it gets eventually shelved. It either reaches the necessary tipping point to attract advertisers or it doesn't. With MyStore back to adding 100,000 users per month, or which I estimate only about 1/3 stay active and regularly use it, that's not enough to make a major impact yet.

    E-Future can succeed with or without MyStore and the company still has explosive growth potential. Consider that the backlog has no MyStore revenues included and is still growing quickly.

    1. I would value MyStore at about 5-10 million at the moment. Right now it has almost no value, but the possibility of it becoming a 100+ million dollar app exists should they get 5m+ users and attract advertisers.

    2. I would value Omni-Channel at around 15-20 million. That's a shot in the dark based on the increase in backlog that seems to be attributable to the new service.

    3. The legacy software solutions at around 25 million. Valuing it at 1x Sales.

    4. Cash Position is somewhere between 5m and 10m based on seasonality.

    I feel all these valuations are conservative. To me the minimum value is about 50m. Based on extremely pessimistic estimates, the company should be worth around $12.50.

  • Reply to

    Enterprise value $11.8 million

    by boredwalk32 Dec 5, 2014 11:18 AM
    mmmparsley mmmparsley Dec 5, 2014 10:19 PM Flag

    This is not the case at all. MyStore may not be profitable for a long time.

    Right now they only have 1.3 million users as stated in a recent interview with Adam. He also stated a goal of a billion users within 10 years; subsequently stating that he was ridiculed by a few in China for these goals, but dared to dream and set the bar that high anyway.

    E-Future will continue to promote MyStore. invest in MyStore upgrades and continue in-store set-ups and training which will cost money out of pocket for the time being. I would imagine they won't begin to sell advertising for 1-2 more years as they will likely need 3-5m users spread out across the country. This will provide potential brand-owners/retailers/marketers an opportunity to target specific consumers directly and powerfully based on the recommendations and patterns provided by big data as well as reaching as seamlessly targeting localities vs. a less precise universal approach.

    At the current 1.3 million downloads, of which I estimate only about 33% are active users based on recent Yonghui data, I highly doubt they are ready to use MyStore to advertise. It will probably take about 1-2 more years before MyStore generates any meaningful revenue.

    Right now the more powerful immediate driver of revenues is the Omni-Channel solution, which likely has a significantly higher value than the company is currently priced at.

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