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re: Random Money/Business/Finance Thoughts Thread
Posted on 7/1/11 at 4:21 pm to GregYoureMyBoyBlue
Posted on 7/1/11 at 4:21 pm to GregYoureMyBoyBlue
I just went and looked at those Nets financials. I was taking the writing with a grain of salt, but the whole argument rests on the "depreciation of players salaries" that they took from the "loss on player salaries" in the income statement. That sounded fishy, but they tied it to tax rules, so I just went with it. But the IA report says its GAAP, and then when you look at the cash flows statement, there's no add back for "loss on players salaries" anywhere, which leads me to believe the guy is overreaching his expertise. CFO is -20M, cash decreased, and it was only marginal because they took on another 20M in loans. That is shitty analysis.
1
Posted on 7/1/11 at 4:39 pm to kfizzle85
Holy shite. I just emailed them not 5 minutes ago (I can screenshot it to prove it) and they edited the story for pretty much exactly what I just said.
Today's score:
Fizzle 2 (beer + financial analysis win)
World 0
eta: I will also add that anyone with a smidgen of financial analysis ability would have found that in the same amount of time that I did, namely about 2 minutes.
Today's score:
Fizzle 2 (beer + financial analysis win)
World 0
eta: I will also add that anyone with a smidgen of financial analysis ability would have found that in the same amount of time that I did, namely about 2 minutes.
This post was edited on 7/1/11 at 4:42 pm
Posted on 7/1/11 at 5:17 pm to kfizzle85
Zynga IPO
The wave continues.
As an avid tech reader and facebook user, who has never even thought about playing farmville, that absolutely blows my mind. First thing I thought, most important thing (groupon thread), is this sustainable? Isn't the game free?
Might be a fad but the business model is sustainable.
The wave continues.
quote:
Revenue in the first quarter more than doubled to $235.4 million, from $100.9 million a year earlier, according to the filing. Online games accounted for 94 percent of sales, with the rest coming from advertising.
Net income climbed 83 percent to $11.8 million. The company spent a combined $111.9 million in the period on research and development and sales and marketing.
Sales surged almost fivefold in 2010 to $597.5 million, and the company turned profitable, recording net income of $90.6 million, following a loss of $52.8 million in 2009.
As an avid tech reader and facebook user, who has never even thought about playing farmville, that absolutely blows my mind. First thing I thought, most important thing (groupon thread), is this sustainable? Isn't the game free?
quote:
Zynga’s games are free to play, with the company making money by selling virtual goods -- say, a tractor for “FarmVille” -- and letting players pay to reach higher levels. The worldwide virtual-goods market will more than double to $20.3 billion in 2014, from $9.28 billion last year, according to ThinkEquity LLC, a San Francisco-based research firm.
Might be a fad but the business model is sustainable. quote:
Chief Executive Officer Mark Pincus, 45, is the biggest owner, controlling 16 percent of Class B shares, according to the filing. Kleiner Perkins Caufield & Byers owns 11 percent and is the largest outside shareholder, followed by Institutional Venture Partners, Foundry Group and Avalon Ventures, which each own 6.1 percent.
Digital Sky Technologies, started by Russian billionaire Yuri Milner, owns 5.8 percent, and Union Square Ventures has 5.5 percent. Pincus, who founded Zynga in 2007, owns all of the company’s Class C stock.
quote:
Zynga is valued at $15.4 billion on SharesPost Inc
Posted on 7/1/11 at 5:34 pm to kfizzle85
15.4 million has got to be a closer estimate
Posted on 7/4/11 at 10:48 pm to kfizzle85
2 days until FAR. Hoping for the best...
RSBR, you move in yet?
I've ben shopping craigslist a lot...got a TV stand today for $5. Nothing special but it is functional and was definitely within the budget! I need to find two tables and chairs...hoping to stay under $200.
RSBR, you move in yet?
I've ben shopping craigslist a lot...got a TV stand today for $5. Nothing special but it is functional and was definitely within the budget! I need to find two tables and chairs...hoping to stay under $200.
This post was edited on 7/4/11 at 11:02 pm
Posted on 7/5/11 at 12:04 am to lynxcat
Reserved for future use
This post was edited on 7/5/11 at 12:06 am
Posted on 7/5/11 at 12:05 am to lynxcat
My roommate just bought an expresso table and some chairs for $250. Whatever the frick that is
Posted on 7/5/11 at 12:46 am to LSUtoOmaha
Espresso is the color--he bought a dark brown table set. It should be pretty nice if he spent that much. There are literally 20 new tables daily in craigslist for me to consider. I'm in no real rush 
Posted on 7/5/11 at 8:04 am to LSUtoOmaha
quote:
Expresso
Twice as fast as espresso.
Don't feel bad though, I was at a coffee shop in gulf shores one time and they had it misspelled with there window decals.
Posted on 7/5/11 at 9:21 am to lynxcat
Nope. I take bar then start work three days later. 
So it won't be until the last couple days of this month.
Good luck tomorrow. I have a feeling you'll kill it.
THF, what's been up?
So it won't be until the last couple days of this month.
Good luck tomorrow. I have a feeling you'll kill it.
THF, what's been up?
This post was edited on 7/5/11 at 9:22 am
Posted on 7/5/11 at 9:32 am to kfizzle85
Forgive me for the retardation, but what is the date of Zynga's IPO? could not find it on the article with a quick scan....
Posted on 7/5/11 at 9:44 am to 19thHole
Not sure they've announced a day yet.
Posted on 7/5/11 at 9:50 am to kfizzle85
They are the only recent social media IPO (or soon-to-IPO) with attractive margins (I think). Something like 30% EBITDA. Compare that to LinkedIn's which I'm sure is much lower considering their profit margin of (gasp) 1%.
But the number of people playing their FB games has declined, a vast majority of their revenues comes from a proportionately small group of players, and they have yet to really make it big in the smart phone game market, giving them overexposure to FB alone.
All of this translates, in my opinion, to a relatively healthy company, but one still subjected to a great enough degree of risk to provide investors who can stomach the uncertainty with a handsome return (if Zynga continues to do well).
But the number of people playing their FB games has declined, a vast majority of their revenues comes from a proportionately small group of players, and they have yet to really make it big in the smart phone game market, giving them overexposure to FB alone.
All of this translates, in my opinion, to a relatively healthy company, but one still subjected to a great enough degree of risk to provide investors who can stomach the uncertainty with a handsome return (if Zynga continues to do well).
This post was edited on 7/5/11 at 9:51 am
Posted on 7/5/11 at 10:42 am to RedStickBR
I disagree about the smartphone thing, words with friends has to be the second most popular game behind angry birds. I just don't see the games having staying power, henceforth your fb comment. I guess they can continue just acquiring new game-makers as new hits are made, but that seems like a long-run losing strategy as well. At the end of the day, like most tech companies, the valuation is just to obscene for my blood.
Posted on 7/5/11 at 11:20 am to kfizzle85
I would have thought the same thing. My comment, though, was influenced by this article from the Journal:
LINK
Top Paid Apps: Words with Friends is No. 15; Hanging with Friends is No. 23
Top Free Apps: Hanging with Friends is No. 9; Words with Friends is No. 25
Top Grossing Apps: Words with Friends is No. 25; Hanging with Friends isn't in Top 25
I don't know what "grossing" means, though. It's applicable to both free and paid apps as both are listed, so maybe it's referring to Cost to Purchase App (if a paid app) or Ad. Revenue (if a free app).
quote:
The key is whether Zynga can move beyond Facebook, where "substantially all" of its games are played today. Indeed, last year's player decline was caused by Facebook restricting Zynga's ability to market on its platform.
While Zynga has at least the four most popular games on Facebook, it has none in the top 10 on Apple's platform, for instance. The good news is that Facebook is now making lots of money from Zynga, protecting the company's position on the platform. Still, Zynga investors won't want its fortunes completely tied to one platform.
LINK
Top Paid Apps: Words with Friends is No. 15; Hanging with Friends is No. 23
Top Free Apps: Hanging with Friends is No. 9; Words with Friends is No. 25
Top Grossing Apps: Words with Friends is No. 25; Hanging with Friends isn't in Top 25
I don't know what "grossing" means, though. It's applicable to both free and paid apps as both are listed, so maybe it's referring to Cost to Purchase App (if a paid app) or Ad. Revenue (if a free app).
Posted on 7/5/11 at 11:58 am to RedStickBR
Duly noted. If that's what "grossing" means, then your point is well made and I stand corrected. Even if its not, with the main source of revenue being "digital goods," I think you're still right. Do they have a mobile farmville or something? Is that even workable? I've literally never played the game and have absolutely no desire whatsoever to do so.
Posted on 7/5/11 at 1:02 pm to RedStickBR
In the NOLA airport right now. Just got back from Boston/Maine. Great random meet up story that I will have to tell you next time we meet up.
Posted on 7/5/11 at 1:05 pm to TheHiddenFlask
Awesome. I'm glad you've been able to do some traveling this summer. That makes one of us. Looking forward to hearing your story.
Posted on 7/5/11 at 1:57 pm to RedStickBR
I got to go to False River this past weekend.
No for reals it was fun.
No for reals it was fun.
Posted on 7/5/11 at 2:15 pm to kfizzle85
SPY looking ripe for short here?
(a) Third time it has begun to stall around 134; and
(b) no conviction today. Complete uncertainty. Market has been seesawing all day long.
(a) Third time it has begun to stall around 134; and
(b) no conviction today. Complete uncertainty. Market has been seesawing all day long.
This post was edited on 7/5/11 at 2:17 pm
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