Posts filed under “IPOs”

When Markets Are Wrong

yahoo is worthless

 

My favorite chart on the website this week (so far) comes from Matthew Klein’s column: Is Yahoo’s Business Worth Less Than Nothing? And it’s filled with informative details.

Yahoo! Inc.’s total value is represented by the first bar. If you subtract the value of Alibaba Group Holding Ltd. and Yahoo! Japan Corp. you are left with Yahoo’s core business — excluding its Japanese and Chinese investments — and a negative valuation. continues here

Category: IPOs, Valuation

Once Again, The Narrative Fails

Late last year, we had a wholesaler from a major ETF firm in our office. At the time, the chatter was all about the upcoming Alibaba IPO. It was going to be (in his words) “huge, disruptive, incredibly powerful – and you cannot get any.” Never mind that IPO returns are on average mediocre or…Read More

Category: Cognitive Foibles, Investing, IPOs

Worst Twitter IPO Graphic Yet

Source: MSN   No, no, no, no, and one last no. Look, I get it, I really do: You are all excited — dare I say “atwitter”? — at the prospects of today’s big initial public offering. It is oversubscribed by 30X (or so we hear), priced at the high end of its range, and…Read More

Category: Digital Media, IPOs, Really, really bad calls

Twitter’s Path to IPO

click for larger graphic Source: Equity Zen

Category: IPOs, Web/Tech

Microsoft versus Google IPO Performance, Valuation

Click to enlarge: Source: Bloomberg   Fascinating comparison between Google and Microsoft gains since their IPOs from Dave Wilson. Earlier this month, Google managed to slip past Mister Softee in terms of market cap  (MSFT is now $244.8B vs GOOG $243.56B). Microsoft Corp.’s stock-market performance during its first eight years as a public company far surpassed Google. MSFT…Read More

Category: IPOs, Technology, Valuation

What’s Driving Facebook Stock Down to New Lows?

WSJ’s Rolfe Winkler stops by Mean Street to look at key reasons Facebook stock fell to fresh lows on Tuesday


7/31/2012 3:06:51 PM3:57

Category: IPOs, Valuation, Video

Facebook Analyst Coverage: Meh!

6 Buys, 3 Neutrals Average Price Target = $39 BofA/Merrill – Neutral – $38 PT Goldman Sachs – Buy – $42 PT Oppenheimer – Outperform – $41 PT JPMorgan – Overweight – $45 PT Piper Jaffray – Overweight – $41 PT Wells Fargo – Outperform – $37-$40 Range Credit Suisse – Neutral – $34 PT…Read More

Category: Analysts, IPOs, Valuation

Unfriended: The Facebook IPO Debacle

The highly-anticipated Facebook IPO was plagued with problems, potentially costing thousands of dollars to many small investors and further damaging Wall Street’s reputation on Main Street. A Wall Street Journal report.

(I have a small cameo in this)


9:50
WSJ 6/10/2012

Category: IPOs, Valuation, Video

Facebook + Nasdaq = Faceplant

However big a clusterfuck you may have previously believed the Facebook IPO was, this WSJ article – Nasdaq CEO Lost Touch Amid Facebook Chaos — makes you realize it was actually worse, much worse. The Journal politely but devastatingly skewers Nasdaq for the bungled IPO trading. The words that come to mind is inexcusable and incompetent….Read More

Category: IPOs, Trading, Valuation

What Were iBanker’s Ethical Obligations to Facebook?

John Hempton at Bronte Capital often makes for an interesting read. Today, however, I have to disagree with his take on the ethical obligations of investment bankers in the Facebook IPO. (Facebook and the sad case of ethical investment bankers). John writes: “In an IPO an investment bank takes a fee from a business to…Read More

Category: IPOs, Really, really bad calls, Technology