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ChannelAdvisor Corporation Message Board

yodahspeaks 22 posts  |  Last Activity: Jul 10, 2014 8:37 PM Member since: Jun 12, 2013
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  • Reply to

    Insider dumping - Spitz

    by yodahspeaks Jun 4, 2014 8:17 PM
    yodahspeaks yodahspeaks Jul 10, 2014 8:37 PM Flag

    I'm gonna back off Spitz. I heard from a friend who's close to the company. He has a ton of kids, has been at ECOM for a decade+ and has caught a lot of the spears along his journey. The guy deserves to take a bit off the table, and could land a job just about anywhere. While Wingo is in fairy tale land, my friend says it's Spitz who's been the grounded one. Wingo chases Star Wars and has his dog in the office, while Spitz takes on the operational tasks and challenges. I've been in that role before and I empathize. So, sell, David, sell.

  • Reply to

    Insider dumping - Spitz

    by yodahspeaks Jun 4, 2014 8:17 PM
    yodahspeaks yodahspeaks Jul 8, 2014 9:51 AM Flag

    Another 37,500 shares dumped by him last week. That makes $2.1 Million in proceeds he garnered from June 2 - July 1. Not a bad month for Cap'n Spitz. Gotta love his Comp. Committee.

  • Reply to

    im back in short again

    by remyman101 Jul 1, 2014 3:18 PM
    yodahspeaks yodahspeaks Jul 7, 2014 7:38 PM Flag

    Blah, blah, blah -- Trading "God". While you fart around being long on this puppy, Remy and I are playing both sides of this story and going to the bank. And, no, I'm not a "hamton" guy (maybe you should spell it "Hamptons" to really be a player) but I do like my place in Wilmington, NC. Nice boat, too. Thanks to Spitz and crew I have plenty of fuel for my Sea Ray 370. Spitz sells, and so do I.

  • Reply to

    im back in short again

    by remyman101 Jul 1, 2014 3:18 PM
    yodahspeaks yodahspeaks Jul 1, 2014 10:28 PM Flag

    I'm doing a similar play. My calls did well, and now time to short. Their managed service press release furthers my belief that they don't know how to make money. That's a labor intensive offering that doesn't scale and is just another cost sinkhole of adding more expensive heads. I think their platform must not be easily configurable and requires too much labor to support it. Any users out there that can confirm how easy this platform is to implement and then use? Or is managed services ECOM's "cure" for making things easier for customers at higher cost?

  • Reply to

    Insider dumping - Spitz

    by yodahspeaks Jun 4, 2014 8:17 PM
    yodahspeaks yodahspeaks Jun 29, 2014 10:19 PM Flag

    He dumped another 25,000 shares last week. Spitz is now down to his last 100,000 shares. Think he's betting long? I'm guessing he's out by Labor Day. He doesn't need to Labor anymore.

  • Reply to

    Sold my share at 24.12, but I will be back.

    by trading_god Jun 17, 2014 9:53 AM
    yodahspeaks yodahspeaks Jun 19, 2014 2:37 PM Flag

    Never fall in love with a stock. Make money on it, instead. This has been a good week with ECOM.

  • Reply to

    ECOM acting like a broken company

    by remyman101 Jun 13, 2014 12:01 PM
    yodahspeaks yodahspeaks Jun 13, 2014 12:32 PM Flag

    The only one not broke is Spitz, who keeps pulling the trigger and has dumped millions while holding on to very few shares -- he clearly is not planning on much upside with what he has left for shares. Like you, I had been hoping for the dead cat bounce so I could short again, Remy. The cat just laid there dead, instead. As for the business model, I said this at the IPO -- they can't find a way to make money. Every customer is unprofitable. Management's answer? Spend even more on sales and marketing to lose even more money -- let's add more sales people, let's go to Brazil, let's go to China, let's do partnerships. This is theater of the absurd on how to spend investor money for what is really a little company. I smelled easy pickins during their road show. A "visionary" CEO (who built this broken model over a decade ago and is a master at spending other people's money), an inexperienced President/COO who's never been in the role before, and a hired gun CFO joining as the S1 is prepared. Perfect storm? You betcha. I really smelled blood in the water when the General Counsel, a long timer there, bailed as soon as he could after the IPO. My short plans went into high gear then as the insiders and VCs pulled the trigger on their secondary to bail out. AAA couldn't have mapped out a better financial map for me! My guess is the board shakes up the management team, brings in some experienced operations people, and the company spends time rebuilding a new, sustainable model.

  • Reply to

    ECOM acting like take over target.

    by trading_god Jun 12, 2014 4:02 PM
    yodahspeaks yodahspeaks Jun 12, 2014 4:11 PM Flag

    Are you from a state that's legalized marijuana? What high makes you believe someone would pay, using your premium, close to $700 Million for this puppy? ECOM isn't projected by management to make any profits for years, if ever. No suiter is going to pay that kind of money for what is, at the end of the day, non-proprietary technology and a broken business model.

  • Reply to

    a whopping 4600 shares traded 1st 15 minutes

    by remyman101 Jun 9, 2014 9:46 AM
    yodahspeaks yodahspeaks Jun 10, 2014 8:12 AM Flag

    He's the $11 Million dollar man for a company that's lost 50% of its value in a few "short" months. Not sure about his smooth talking taking anyone's girlfriend for a fun ride (although I'm sure he can buy whatever he wants), but he sure has screwed over shareholders while cashing out big time. Thanks for your concern about healthy relationships, though, Chester the lester.

  • yodahspeaks by yodahspeaks Jun 9, 2014 4:34 PM Flag

    Wow. They're attending investor conferences. And sponsoring trade show events. And speaking. Blows the mind, huh? What about revenue growth and a profitable business model? Nah, can't release something on those topics I guess. Maybe they can announce what President Spitz plans to do with the $11 Million+ in stock sales he's made recently. Should be able to buy a nice car, at least. Maybe take a nice vacation.

  • Reply to

    Insider dumping - Spitz

    by yodahspeaks Jun 4, 2014 8:17 PM
    yodahspeaks yodahspeaks Jun 6, 2014 10:01 AM Flag

    Spitz's trading activity is stunning, actually. In the past half year he's dumped over 300,000 shares, roughly 75 percent of his holdings, for over $10 Million. He's the President of the company. The number two guy there. Sell sell sell. Looks like he found the pig to take to slaughter,and he's butchering it. Let's see how quickly he trades out of his remaining 100,000 shares. Being a Razorbacks fan all that comes to mind is "Woo Pig Sooie."

  • Reply to

    Insider dumping - Spitz

    by yodahspeaks Jun 4, 2014 8:17 PM
    yodahspeaks yodahspeaks Jun 5, 2014 8:03 AM Flag

    Yeah, having read the proxy both founders seem to already have wealth since both have low base salaries. But Spitz makes big cash + bonus per proxy, especially for low cost Raleigh, so his dumping raised big red flags. Don't think we'll see the bounce.

  • yodahspeaks by yodahspeaks Jun 4, 2014 8:17 PM Flag

    The president (Spitz) is dumping huge blocks of his holdings at current prices -- 50,000 shares in 2 trades in the past couple of weeks. Folks, this isn't a small part of his holdings, and he makes a good salary and bonus, so he's not starving. He's dumped a third of what he has, in addition to all of the other trades he's made since the IPO. If he's dumping at current levels......he's either leaving or he's reading the tea leaves to cash out. Any one read this otherwise?

  • Reply to

    trading_god, still going to 30????????

    by remyman101 Jun 3, 2014 1:15 PM
    yodahspeaks yodahspeaks Jun 3, 2014 4:53 PM Flag

    I was hoping for that bounce to short again. Oh, well. More to be made elsewhere for a while.

  • yodahspeaks yodahspeaks May 22, 2014 10:04 AM Flag

    So, how many days are in your "gets 26 in a few trading days"? 2-3 days? 20-25 days? 365-1000 days? Just curious about the accuracy of your efficient market theory.

  • yodahspeaks yodahspeaks May 22, 2014 8:07 AM Flag

    Markets are efficient. You must have read "the book." Good for you, you can read. BTW, the market has efficiently shaved $500 million in market cap from this puppy of a stock in a few "short" months. I made a mint during the slide. ECOM may hit $25 again, but not until its management team learns to be "efficient" with cash instead of burning piles of it. Will be interesting to hear how their CFO spins "where'd the $500 Million in market cap go" and "here's what we do when we run out of cash" at his investor conference presentation next week. The good news for him is San Francisco is nice this time of year. It looks like the CEO and COO have opted out of joining him. Maybe they're staying back in Carolina to feed the bonfires more cash.

  • Reply to

    $25 right around the corner.

    by lesbian_rules May 19, 2014 2:08 PM
    yodahspeaks yodahspeaks May 19, 2014 10:48 PM Flag

    Nice try. The market is efficient. It's also not stupid. This is not an $800 million market cap company. Gotta love your enthusiasm, though.

  • yodahspeaks yodahspeaks May 15, 2014 9:46 AM Flag

    I agree with you. I'm not certain your math is perfect, but the underlying theme of your analysis is one I've been pushing since the IPO. Something is not right in their pricing model, and I've seen nothing to have me believe a customer signed last year, today, or next year will ever be profitable. Hence my shorting profits this year. In addition to talking about core customer revenue, I'd like them to keep focus on how they're going to cut core loss per customer. They need to prove they can close the loss gap over some reasonable horizon. And I'm thinking this management team is better at spending money rather than making money. Burning $10 million a quarter is quite a drunken frenzy. They better enjoy it while they still have a bar tab open. The hangover is gonna be a mother.

  • Reply to

    Kramer Was Pumping, Now Says Dump LOL

    by remyman101 May 12, 2014 6:43 AM
    yodahspeaks yodahspeaks May 14, 2014 9:23 PM Flag

    Santosh -- keep living your dream. Comparing this POS to FB is insanity. FB has a comprehensible business model. ECOM is still trying to figure it out after FIFTEEN YEARS! Get a grip. Sorry about your losses. Don't fall in love with this stock. It will break your heart.

  • Reply to

    Kramer Was Pumping, Now Says Dump LOL

    by remyman101 May 12, 2014 6:43 AM
    yodahspeaks yodahspeaks May 13, 2014 1:22 PM Flag

    Kramer is a Klassic. He gets all caught up in themes and feeding frenzies, and then too late, he remembers that earnings do matter. It's obscene how much I've made shorting ECOM. Look for a hyped company, with an unsustainable, cash-burning model that takes years to turn cash positive, and start shorting. I may retire by 40, yet! "We're investing in global" is a classic short predictor. No companies the size of ECOM can afford or have the bench strength for the longterm money and people investment required to "go global". The right answer is to quietly have your bankers pitch your company to large, multi-national players that already have a global reach. But wide-eyed and bushy-tailed rookie C-execs think they can do it all in their post-IPO bliss. And that's short heaven.

ECOM
24.22+1.06(+4.58%)Jul 11 4:04 PMEDT

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