Form 4's filed today
these guys had 3m subs at year end. Barely 10% more now and it is 6 months later. ARPU drifting lower. Rolling out a $29.99 service !! like anybody is going to pay that much for this lousy service... Stock worth $6.00 at best.
one time benefit from selling a new applicator. our dermatology office would not be duped into its merits. This company is worth $50-$100m at best. We have seen this movie before - a fad of all fads.
The gold from C.A. is a freebie
read the 8-k filed on friday after the close of business FTC investigation as well. the clown show continues as insiders dump.
company is investing in new customer leads - historically the ROI has been terrific on this.
margins continue to expland
avg cots to acquire a customer continues to fall
bad debts fell
this is a cash flow machine
It's a bad business all around. The most successful offices I know give outstanding care to patients, with honest advice, and top notch treatment. We don't partipate in these sorts of fads. The long term effects of cell destruction in this manner are unstudied, and scary. I know you are going to think I am crazy, but I actually shorted more of this stock today after a former colleague on the West Coast told me how aggressive these guys have been marketing to his office. They will simply do anything to get people to take these machines and use these consumable applicators. By no stretch of the imagination should this stock be worth more than $8-$9.
It is absurd from the standpoint of running a successful office. The company touts big margins, but in their cult-like zealot fashion, they ignore the costs of training my employees, making them "brand ambassadors", the opportunity cost of my time dealign with other issues, and the high rate of discomfort and pain associated with the procedure. The doctors I know have a machine with dust starting to collect on it. Patients came in and tried it once never to come back again. We suspect that there are lots of paid shills that are getting compensated for touting this machine. There is no substitute for a healthy diet, and I would be skirting a fine ethical line if I were to tell patients that 'freezing off their fat' were an adequate substitute. Cell death is scary business, and I am also skeptical about the long term affects of fiddling with cellular and metabolic biology for the benefit of a nicer tummy at the beach. One must weigh the risks.
Love how they tout standing room only for their demonstration on the conference call. I was outside the room with a bunch of docs laughing at how absurd their new applicator is. Only the most desperate offices are buying this junk in my opinion. I have a short position in this stock. It's worth no more than maybe $50m at best.
no reason at all to use LifeLock when you can use Credit Sesame for free
We love when the press release machine fires up nonsense like today, and are especially pleased when the company does not disclose the doctors they have PAID to stump at the podium. See you back in the single digits. Ask your dermatologist about this product - you will get a different story than the company projects.
Procedure growth slowing. Our dermatologist says these guys are sleaze bags.
Systems at LOCK simply don't work. Alerts don't get sent. Internal,controls are lax. Management seem overwhelmed. Check out the suit filed in AZ by a recently terminated employee. It says it all.
Here is a partial list of companies that give away LifeLock's services for free, have better technology, better customer service, and a better reputation: Cap One, Amex, State Farm Insurance.
read the suits and you will see. there are former employees that assert that the company's technology is extremely deficient and that the service does not work as advertised. again these are only allegations, and LOCK will have to defend itself.
check out COF's release from today