I'm not so worried about high paying jobs if they are getting elite talent. I did see their offices and it does seem over the top. High marketing is a price we need to deal with to generate the big revenue growth that we currently have. The profits for the next few years will be on the lower end, but I could see TRUE in 5 years pulling margins of 20% once they scale. The valuation would seem very cheap once we start hitting those levels and maybe gain another 2-4% market share.
That would be awesome if we can get $35 a share which to be honest would still be below some key valuations for Charles/Ameritrade. Someone recently wrote that ETFC could be bought out for $45 and still be accretive to earnings for those 2 competitors. Plus you have all the synergies from that merger with combing some technology, back office, HR, accounting, etc.
I don't get how anyone could be claiming a profit off of call options. Hovering around $126 now. Unless you got lucky and bought them when the stock was at $122 a few weeks ago. In one trading session it could be back at those levels next week.
I think you're right in the short run. I think people are underestimating how bad it is in Macau. The whole point of Wynn stock price jumping to $200 was based on Macau growth that is gone and sliding fast the other way. In the long run the Wynn is a premium brand with Casinos and will be fine. Short term with Elaine fighting, dividend cut likely, and Macau problems it is unlikley to sustain these levels today.
Declining revenue overall, Macau is dropping like a rock, Elaine is on a personal mission to stir stuff with Wynn in her power fight. Oh and likely the dividend is in trouble. I'd love to pick up Wynn shares if they drop more, but I don't see anything in the short term that makes me want to buy. At $100 bucks it might be worth the risk.
So you get over $24 million in total compensation this year vs $19 million last year. How is that with fast declining revenue, earnings, and dividend about to be hit? How about you give $23 million of the $24 million back?
What is the barrier to entry? HUGE! They already have in place over 10,000 dealers in the TrueCar network. These dealers pay fees just to be in the network. They are the only "Brand" of buying cars via internet direct access which you can assemble your own car and get a better deal than 95% of the public that walks into a dealer.
Biggest barrier to entry to really compete with TrueCar- They are building integrations with banks, AAA, USAA, and corporations for car purchases. You can build these integrations overnight and costs multi-millions to implement.
Lastly - We are just in the 1st inning. People are just starting to know the brand. As these people get hit with commercials it will slowly lead to more market share which is growing every single year. I will never sit in a dealership for 5 hours again. I will build my car exactly how I want it and not overpay. Simple as that. The dealership wins because they legit customers, reduced required inventory, and eventually cost overhead costs with reduced sales staff. Sorry sales guys though.
If you're going to troll, put a more realistic number. Analysts feel the value is $23 and higher, FYI. Good luck with your $.75 lol
Another positive tonight
Here comes at the news...plus thestreet with a positive article out.
They can purchase, but they have to file the SEC forms. That information wouldn't be made public for a least a few days, but they can buy today.
hint, hint, management!
thanks! I did read that Motley fool article and it was spot on. The company will continue to scale over the next few years. Revenue will continue to explode and costs will remain "somewhat" fixed. They are continuing to integrate with various partners like AAA , Suntrust, USAA, etc that get access to big pool of potential clients. The integration is hitting all the way into regular corporations that offer employee perks. My company has integrated TrueCar into the employee perks program.
The numbers like fine to me, not blowing out the numbers like I hoped. I don't see what would cause a large drop today especially with news of the AAA partnership and even more access to potential users. My work started a perks website and it integrates TrueCar for car purchases. If this is happening across multiple large corporations it will start to hit the bottom line in the next few years.
The integration with various partners and TrueCar brand will set this apart from any competitors that try to enter this space.
Glass is half full huh? It would be really nice if we can at least close over $19, but that is probably asking for a lot today.
I went in AH last night and bought a large block at $19.90 and another big block today at $17.96. I don't get the huge move down with inline revenue numbers and an earnings beat. I was disappointed a bit they didn't hit the revenue closer to the $60 million range, but it like the cash flow positive part that has started in 2015. I can't imagine would have happened with a revenue and earnings miss.
I crushed DIS options a few months ago and TRUE is single handily taking almost all of my profits back. Holding near $250K worth of TRUE which isn't a good thing today.
They are cash flow positive in 2015