Caesar
Footballguy
Hit the 52 week high today.
Highest price in over 2.5 years.
I think that is a sign I should just stop.
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Stock Thread (45 Viewers)
- Thread starter St. Louis Bob
- Start date
Highest price in over 2.5 years.
I think that is a sign I should just stop.
Shula-holic
Footballguy
PPL was a sweet little buy on Monday. Helps take some sting out of selling BLMN too early.
Don't Noonan
Footballguy
Bob Sacamano
Footballguy
Don't Noonan
Footballguy
good catch. I see they pushed it to tomorrow because of Zuckerberg testifying in Washington.
Big day tomorrow with AMZN, AAPL, GOOGL, and FB.
Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
10% rev beat. 50% earnings miss. Is that right?
Be interesting to hear the spin on that.
Be interesting to hear the spin on that.
skycriesmary
Climbing up the Walls
sporthenry
Footballguy
No expert on growth stocks but I'd think top-line is more important for now. Faster acceleration to tele-medicine will quicken time to profitability. But they clearly said something during the call that people didn't like. Nice little 5.5% drop during it.
Looks awful IMHO. Look at ZM, since late 2019 they’ve been on almost identical stock price charts because both should have benefited hugely from CV. ZM’s last earnings report in June was an over 100% earnings beat and an over 60% revenue beat. That’s taking advantage of CV. TDOC’s beat for the same situation IMHO isn’t very good. I would have expected a trounce. That was sort of a beat. For tripling like ZM, you can’t beat revenue by 10% and miss earnings by 50%.
FreeBaGeL
Footballguy
How is beat even relevant? It could just as easily say that the projections were more over inflated relative to stock price for one than the other.
If I give TDOC an estimated revenue of $1 and ZM an estimated revenue of $100 billion, then TDOC "beat" by like 10000000% and ZM missed by a ton.
I just can't understand why people put so much clout into how they performed relative to a few analyst estimates when the people with enough money to actually move stock price don't care about those at all. It's like if analysts projected the Chiefs to beat the Browns 48-7 and the final score was 45-17 and the score was reported as "Chiefs miss estimate, while Browns crush estimates!!"
Bob Sacamano
Footballguy
EBITDA was a positive $2.7 million for the second quarter 2020 compared to a loss of $(12.2) million for the second quarter 2019.
Net loss per basic and diluted share was $(0.34) for the second quarter 2020 compared to $(0.41) for the second quarter 2019. The net loss per share includes a 10 cent net impact associated with our May 2020 convertible debt offering which includes a charge associated with a loss on extinguishment of a portion of our previously outstanding debt that was to mature in 2022.
The bolded is basically their earnings miss.
Net loss per basic and diluted share was $(0.34) for the second quarter 2020 compared to $(0.41) for the second quarter 2019. The net loss per share includes a 10 cent net impact associated with our May 2020 convertible debt offering which includes a charge associated with a loss on extinguishment of a portion of our previously outstanding debt that was to mature in 2022.
The bolded is basically their earnings miss.
Bob Sacamano
Footballguy
YoY Rev Growth 85%
YoY Visits from Pd Memberships 174%
YoY Visits Fee Only 468%
Have to think all that lets them leverage Pd Membership price increases and sell to lots of employers for '21 who weren't part of that Pd Membership base. Probably brings down the Fee Only portion for '21 pretty commensurate with whatever they can add at the Membership level.
I'd also assume the Pd Membership Visit growth pressures the expense side, since (I'd think) you're getting the same/similar revenue for '20 off that membership base whether they use it or not.
YoY Visits from Pd Memberships 174%
YoY Visits Fee Only 468%
Have to think all that lets them leverage Pd Membership price increases and sell to lots of employers for '21 who weren't part of that Pd Membership base. Probably brings down the Fee Only portion for '21 pretty commensurate with whatever they can add at the Membership level.
I'd also assume the Pd Membership Visit growth pressures the expense side, since (I'd think) you're getting the same/similar revenue for '20 off that membership base whether they use it or not.
Bob Sacamano
Footballguy
I'm not sure they're fair comparisons, really. I'd think most of ZMs top line growth hits the bottom line immediately. I'd think most of TDOCs use growth gives them pricing power going forward on the membership side. The Fee Only visits I'd think are the growth that's more immediately profitable for them. But I'm just trying to logically cobble it together. Can't claim to be an expert on their expense structure or how their revenue changes relative to use.
CR69
Footballguy
If estimates were just random numbers sure, but let’s not act like they aren’t based on fantasy dice rolls. Your examples are just so exaggerated that they’re not meaningful. You have a bit of a point but you are actually going to compare beating a revenue estimate by 60% and earnings by 100% or 10% and -50%. I would bet that in 99.95% of those cases the former did better.
Bob Sacamano
Footballguy
ZM triple is also considerably more massive. TDOC went from a $6B to an $18B co. ZM went from $23B to $71B. They should need considerably better results to get that kind of market cap increase.
Other bagel taking offense at the comparison, all I was trying to say is that TDOC was in that same CV beneficiary bucket as ZM. Their share prices have gone up almost identically. I just look at those numbers and feel like investors will be disappointed because they weren’t blow off the door numbers that you’d expect when the stock has tripled because of CV like ZM.
Bob Sacamano
Footballguy
I'm an investor, and I'm disappointed they weren't able to push more to the bottom line.
To someone's earlier point about growth stocks and caring more about top line growth, sure, there's some element of that. DOCU can lose money on a GAAP basis forever if they want as long as they keep generating cash and plowing it back into ways to improve their product offering. I don't have that same feeling wrt TDOC, right or wrong.
Listen, I wish I had bought TDOC at $65. I literally bought ZM instead. Should have bought both in October. Not sure why you guys are taking offense. I’m just looking at results from the two CV impacted earnings and saying that I think TDOC didn’t blow the doors off like ZM. That’s why I said initial look seems disappointing. After ZM reported that much of a beat, I would think the street would be thinking something similar from TDOC because fairly or not they have been moving in tandem and in February/March moving against the market in tandem.
ghostguy123
Footballguy
So he loves photography, yet points out Kodak doesn't even produce film anymore, but figures screw it, the name is cool, here goes 20 million.
When pressed on whether he would hold on to the shares as a show of trust in Kodak’s pivot from film manufacturer to government-owned medical enterprise, Salazar was not so sure. “Perhaps tomorrow I develop a passion for disease eradication and invest in a small biotechnology company in Utah that is about to announce a vaccine trial,” he said.
Did you read the other article on Intel?
Outmatched In Production Of 5 And 7 Nanometer Chips, Intel Pivots To Salt & Vinegar
Bob Sacamano
Footballguy
ghostguy123
Footballguy
I sold the Intel I bought after it went down even more. Bleh. I just put the money into more PPL, T, XOM, and PM.
Did you read the other article on Intel?
Outmatched In Production Of 5 And 7 Nanometer Chips, Intel Pivots To Salt & Vinegar
I am officially out of the CYDY race right now. I don't know Jack about how any of this works, but just feels like it's going nowhere with COVID (even if it's the best treatment, some other drug that is slightly less effective will get the nod)
That site wasn't serious, it was a spoof.
Sorry about company we shall not speak of, a bank just gave them $25 million secured by nothing convertible into $10 shares.
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ghostguy123
Footballguy
Nugget
Footballguy
I think I am about 1-2 weeks ahead of you. I sold out of about 25 stocks and all my CYDY position. I have 2 shares of Disney I am holding for my son and I do play with some Ford stock through the 401K
I have moved on to the leveraged ETFs. Somehow this seems safer and more fun. Give a search to “Hedgefundie” on google if you want to try something new
ghostguy123
Footballguy
That thread is basically unreadable.
So a bit of good news comes out 5 minutes after I sell. Classic me.
Gawain
Footballguy
Worked for Kodak for 7 years. What a joke of a business.
They spun off Eastman Chemical almost 30 years ago and is the company that actually produces goods.
This was the bright idea a few years ago: Longing to be reminded when 24 photos cost you 20 bucks?
What's even nuttier is that poloroid managed to rebrand and become tremendously popular with millenials.
They spun off Eastman Chemical almost 30 years ago and is the company that actually produces goods.
This was the bright idea a few years ago: Longing to be reminded when 24 photos cost you 20 bucks?
What's even nuttier is that poloroid managed to rebrand and become tremendously popular with millenials.
Punxsutawney Phil
Footballguy
I was researching Kodak a few weeks ago and read the story about how Google and apple hosed them for their camera patents. I was thinking the brand still must have some value but only if they get gobbled up by Amazon or something. I wasn't heavily considering buying, but still did some "what if" math today. I am however kicking myself for not getting in at $8. It was already up like 200% when I posted about it in here. I never imagined it would go this high.
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ericttspikes
Footballguy
QCOM has been good to me lately. Nice AH bump.
CR69
Footballguy
CR69
Footballguy
Found this interesting re: Tesla-
https://twitter.com/victor_manlapaz/status/1288550178694332417?s=21
https://twitter.com/victor_manlapaz/status/1288550178694332417?s=21
sporthenry
Footballguy
Yeah, I mean, I get Vegas could be in for a hurting for a while. But MGM has regional properties that offset the fact that PENN is purely regional but also doesn't own any properties. MGM would seemingly have a better brand in sports betting although remains to be seen with Barstool. We'll see. I also think Barstool is a lawsuit away from being a massive liability but who knows.
Desert_Power
Footballguy
A lot of this is Fiat Chrysler related. If any of their brands can get EVs off the ground, it would reverse in a hurry. As much as I dislike the Tesla valuation, this is a bit of a red-herring. The bull case involves some massive company that is completely dominating large percentages of automobile markets. This stuff is mostly a smart move to generate cash in the interim. There is a risk that it ends before Tesla can significantly ramp up production infrastructure.
CR69
Footballguy
100% agree but who knows with this market lol. Excited and really nervous for my puts with MGM earnings AH.
CR69
Footballguy
Good perspective, thanks. I don't own any other than what will be in my 401k if/when they get added to the S&P but it's been an interesting one to watch...
ConstruxBoy
Kate's Daddy
Stonks go up.
Don Hutson
Footballguy
Johnson and Johnson might be a good day trade with their positive Covid vaccine results.
BEP has been mentioned in here and they are down almost 20% pre-market. I put them on my watch list after the mention as I remembered hearing of them from some Motley Fool write up they sent me (not the ads). The pre-market price is the lowest since April and all the way back in last year. Some sort of merger/buying the rest of another company that they owned part of before. Hard to tell if BEP will even trade today or just the new stock for the new corp.
