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Sean Emory

 
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  • Paycom: High Expectations Seem Misplaced [View article]
    Sorry I meant middle size. PAYC is right between the two, filling the void.
    Oct 10 09:12 AM | Likes Like |Link to Comment
  • Wix: Future Growth Underestimated [View article]
    I really like WIX as a product and as a company. The growth potential is enormous and the vertical integration and Apple like app market is likely to create a high level of switching costs. Once a user is in the eco-system is will be hard to switch. Not only does the app market create a high switching cost, it is an active revenue source for the company. The international exposure, alternate language features are also nice, and their own proprietary payment platform highlight their innovative mindset. The biggest thing for me is valuation, and with WIX is it difficult to figure out. I looked at private market transactions, and public peer comps. The most likely target level is an EV/Sales of 3.0-4.0, which is a slight premium to M&A levels in 2012. At this rate, WIX will be there in 1.5-2.5 years. I think it is an interesting company with little to no attention from the big banks, which is a good thing to find alpha opportunities. In summary, there are concerns of competition, however I think they are doing a great job of keeping their brand in front of audiences, while improving their product. It is a buy in my book, but keep a strong stomach, long term view, and follow closely.
    Oct 9 11:18 AM | Likes Like |Link to Comment
  • Wix: Future Growth Underestimated [View article]
    Interested to hear why you think 5 times sales is a satisfactory valuation level for WIX.
    Oct 9 09:03 AM | Likes Like |Link to Comment
  • Paycom: High Expectations Seem Misplaced [View article]
    You didn't touch on their target market, which is small businesses. Something in which the large players such as Paychex and ADP do not focus on. Interesting no comments, which highlights the lack of retail care of this company. Actually something that sets up fairly good for a long term story. High growth, low coverage.
    Sep 5 07:02 PM | Likes Like |Link to Comment
  • Nu Skin's Accounting: More Red Flags [View article]
    I believe this is a fairly structured assement based on facts. So thanks for that. My only comment is, we all know that write downs are likely to continue over the next 6-12 months given the level of inventory build up and struggles in China. Therefore the stock likely reflects these into the future, not new info. Valuation therefore becomes critical and one must determine what NUS should trade at. In my opinion the sentiment has become overly negative and not enough weight is being reflected on the basis that their operational stoppage in China created these problems. So at these levels, I think the question is this "is nus business structurally impaired and sales will continue to fall, or the company will regain control with sales stabilizing." That is a difficult question to answer and channel checks is a great way to gauge buyer sentiment. Interested to hear yours or others thoughts on the question I present.
    Aug 17 11:37 AM | 1 Like Like |Link to Comment
  • Whole Foods: Everything You Need To Know [View article]
    Not sure exactly how a large electronic maker correlates to a natural organic super market. Innovating in this space is never the main objective. It is fulfilling those needs that are presented by the consumers. This need is high quality natural organic products. Something that Walmart, and other non premium brands have skipped on. Why have they skipped, it has taken Whole Foods several decades to establish the process. Price does not win when we are talking quality. Will economic downturns and competition erode margins, yes, but we try to account for this probability in our valuation models. Hope that helps and thanks for the response.
    Aug 13 07:08 PM | 1 Like Like |Link to Comment
  • Whole Foods: Everything You Need To Know [View article]
    Thanks and appreciate the comments. I do feel that this segment of the grocery market will begin to consolidate in the next several years.
    Aug 13 07:03 PM | 1 Like Like |Link to Comment
  • Taking A Look Into Global Market Valuation [View article]
    Earnings yield is a better approach in my view, especially when you are talking about foreign regions where growth estimates are 1) drastic and volatile, and 2) may or may not be rationale. It is basically showing what you would expect if growth stayed flat.

    Thanks!
    Aug 13 03:28 PM | Likes Like |Link to Comment
  • Report: Apple holding iPhone event on Sep. 9 [View news story]
    I know I am getting the new one. Haven't changed in 2 years. Just my two cents to back the pent up demand remark.
    Aug 5 09:40 PM | Likes Like |Link to Comment
  • Deutsche Bank loses faith in Nu Skin [View news story]
    Generally when people give up. A bottom is near.
    Aug 4 08:10 AM | Likes Like |Link to Comment
  • Coach: Why I'm Staying Bullish On Shares Of This Luxury Retailer [View article]
    Just one note. You stated it's forward price to earnings is 17.7x. All else being equal this brings Coach valuation back inline with its peers.
    Aug 3 03:56 PM | Likes Like |Link to Comment
  • JPMorgan downgrades Whole Foods Market [View news story]
    Another statement from the analyst "We have spoken with numerous investors who seemed interested in buying WFM after yesterday’s print because top line comparisons ease from here. "
    Jul 31 07:58 AM | Likes Like |Link to Comment
  • JPMorgan downgrades Whole Foods Market [View news story]
    The report states "Although we appreciate the risk in downgrading when the stock may be approaching the bottom of a multi-quarter slide,"
    Jul 31 07:52 AM | Likes Like |Link to Comment
  • The Long Case For Coach, Inc. [View article]
    Thanks for all the comments. Of all the points you made, I feel this comment is the most important point. In the retail segment it takes many months to years, and even sometimes never for a company to regain top-line growth. In the case of Coach given the brand recognition in the US and success in international markets, a case can be made for sales improvements within the next 4-8 quarters. In the September months we will get a sense of the traction and direction of Vevers. That will allow for the models to be shifted earlier or farther out. The longer it takes the more pressure from competitors, therefore pressure on margins. The is a key time for Coach, and to give myself and our investors that margin of safety, we tend to model the shift in sales farther out. Thanks again for your comments.
    Jul 29 09:14 AM | Likes Like |Link to Comment
  • When To Buy: Digging Into The Value Of Coach [View article]
    Thank you.
    Jul 28 06:25 PM | Likes Like |Link to Comment
COMMENTS STATS
31 Comments
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