Yeah, and if the EPS of $1#$%$ next year....I think $22 is low. I'd say a company with decent growth and activity in emerging markets (international), and in an area where the technology is only growing in demand, ect.... Heck the PE should be 30 IMO. That means a trading price of $45. I know, sounds crazy...I'm just saying it's doable if growth targets are hit. AND, there's got to be a point where SoFo will catch the attention of a major player. Let's hope some buyout rumors start circulating in the next year....maybe yet this year.
Liked Gary's presentation. Glad to see the projection of $1 to $1.5 EPS in 2015. That could equate to a healthy PE if the projection of $50 mil revenue is hit next year. Also Gary stated SoFo will now be viewed as a company that generates earnings....not the growth w/o earnings we've seen the past few years.
Also, curious to hear more of the planning for partnerships in India, China and So. America (going from memory)...apparently more info will be released in the next 30 days. Should make for an interesting 10Q.
The waiting game continues...but at least there's some progress and interesting developments underway. Still think domestically the market will explode one of these years. Can't believe students aren't screaming for this technology with the cost of education at all time highs. I think with the pressure that will be mounting to stay competitive with international higher ed institutions, at least State System Universities will have to invest more in lecture capture, archiving, and on-demand material delivery systems. If Mediasite stays the market leader, they will get a nice piece of the pie.
Same here IAM. We're relative strangers, but we've communicated enough in this forum for me to respect yah. I lost my mom in '89 and dad in '01 and I still think of them everyday. Doesn't matter the age or the circumstances, it hurts to lose someone so integral to your being.
We had several exchanges in Dec where ole one point said Ebay will never hit $60. Me thinks you're wrong. I've had to wait longer than I expected...but she's getting there. Whew!
I hear yah. I want to see the April numbers to gauge the full effect of the acquisitions (w/o the upfront acquisition costs in 1st results). I'll be irked if they can't breakeven. Also, hoping Gary can provide some stimulating business trends in the upcoming ASM on 3/6.
Never seen dilution raise the pps. I understand where you're coming from....but the exercise price may actually have a dampening effect on pps. Again, they aren't expanding the program to benefit common shareholders....it's a way to comp executives verses higher salary increases.
Well you don't raise a limit on shares that will be used for compensation if you don't think you'll be issuing more of those shares. Dilution may mean little to others....it means something to me. Performance needs to be in line with compensation. SoFo should have been in the black ink steadily for about the past 3-4 years. Inconsistent performance has been disappointing to me.
Yeah, these Yahoo chat strings are a pain, but I was replying to Blue eyes note even though you started the string. I'm not surprised your still holding your shares...you're a die-hard like me. I still haven't sold a share. I have to believe the downward pressure is due to the potential dilution from the share increase that will be voted on at the ASM. Hopefully the revenue growth and actual "profit" potential will offset the dilution. SoFo does test your patience...big time.
Couldn't agree more. Hard to believe that some universities are offering on-line courses but for the same cost as on site courses. That's bunk in my opinion. There's no way it should cost the same. In my opinion, they're trying to make sure there isn't a cost advantage. Even the private learning institutions offering on line are way too costly. Again, there's no way that on-line shouldn't save money...but at least it should be attractive to those trying to curb board and travel costs. Regardless, SoFo should be an easy sell...can't believe they're not skyrocketing already.
Was it just me...or was Ken's mic pick-up sucky again this CC? I don't know why they can't do a sound check. Every other sentence from Ken was muffled.
Otherwise, pretty good call. $39 mil 2014 revenue and pre-tax income of 7 to 9% sounds solid. I'm not sure that translates to net income (SoFo has a big tax write-off balance) but if it does, there's no reason they shouldn't be trading in the $20 range pretty soon...but I'm probably missing something and it doesn't mean 7 to 9% net income. I need someone with a business or accounting background to give me their take.
The 1st qtr always stinks and now we have some added debt and cost impact of the acquisitions. I have no idea where they'll end up...but a loss of .25 pps wouldn't surprise me. Hopefully the results wouldn't have us shareholders saying "what the Faruqi?"
Ah, makes sense. None-the-less, the money would presumably be used to pay off debt or to expand operations right? And of course dilution would be the net result for present shareholders. If the additional capital is used to pay off debt or expand operations, then there should be a commensurate increase in shareholder value...but if the money is spent on employee bonuses and compensation or other G&A overhead expenses, then there would be very little added value to the shareholders. Additional explanation from Gary and Ken is warranted...if they aren't to illuminate, then hopefully the investigation will get some answers and make the information public. My two bits.
Been out of the loop for a while... Haven't read the latest proxy statement, so didn't know that a common stock increase was being voted on. I assume the stock is being sold to partially finance the acquisitions which might be palatable if SoFo would project and actually deliver on its long awaited growth potential. It will be interesting to hear what Gary has to say this Thursday. If I'm connecting the dots correctly, it looks like SoFo is trying to raise another $8Mil based on today's stock price. Of course the down pressure on the pps will be literally and figuratively depressing in the meanwhile. Sure wish they could deliver on some Big Deals prior to requesting the additional stock-based capital...hate to issue a blank check based on growth potential. That said, they're not growing very well organically so the acquisitions could provide a needed boost. I'm kind of glad to hear of the "investigation". It will hopefully force more transparency and information sharing. As I've always griped about, SoFo PR could do a much better job selling this company. MHO.