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Steven Borovay, CFP

 
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  • World Wrestling Entertainment: Why I Won't Be A Shareholder Again Anytime Soon [View article]
    Michael having worked as a Sr Analyst at TransAmerica prior to the Aegon takeover, we were always looking at headcount and productivity. In some cases to become more efficient and consolidate ops we offered employees buyouts that long term would lower operating costs and increase the bottom line. This is typical to many medium and large company.

    As far as the stock price the 'Retired Old Man' bought in at, the recent downward activity in WWE parallels the Netflix drop. We will still agree to disagree, but the WWE model was a knockoff of the Netflix model. The product is different, but the fan bases exist on both accounts. It's just a matter of time (1st Q 2015) where we will see the real story.
    Sep 23 11:15 AM | Likes Like |Link to Comment
  • World Wrestling Entertainment: Why I Won't Be A Shareholder Again Anytime Soon [View article]
    Appreciate your feedback Michael. Where Netflix and WWE are similar was the transition to streaming had to be made as the technology was there and failure to do so would have resulted in a continual erosion of the base and profitability. Netflix made the transition and Blockbuster did not. Where they do differ is that Netflix had competition and WWE does not. Also, we will agree to disagree, as growing up around wrestling fans (from the Freddie Blassie generation....i.e. I'm old) there is a passion worldwide for this form of entertainment just like fans of many other entertainment and sports outlets. The metrics on social media numbers for WWE worldwide are insane. All can guesstimate as to how many will subscribe as at this point it's all speculation. In general, a consolidation of a number of profit centers on one site leads to a reduction in expenses and increases margins long term.

    As far as the minutia concerning the pricing and how people avoid paying due to being burdened with additional telecommunication costs, this argument falls to the wayside when you realize how tough times are globally. People take fewer vacations looking for inexpensive entertainment within their community and at home. Also, having built 6 websites, despite some of the negative criticism I've heard, the WWE site is quite impressive. I went in the back end of the database and saw how complex and intricate the site is. Fans can go to Youtube or watch on cable, but they are missing a tremendous amount of content that can only be accessed easily on the WWE site.

    It will take at least 2 quarters to see where WWE is going. My next quarter projections show subs at between 800-850,000 and then going over the top (i.e. past break even) with the 1st Q 15 and numbers from the April Wrestlemania event.

    Appreciate again.
    Sep 21 12:38 PM | 2 Likes Like |Link to Comment
  • World Wrestling Entertainment: Why I Won't Be A Shareholder Again Anytime Soon [View article]
    Michael your analysis is very detailed, however the numbers of network subs at this point is pure speculation on anyone's part. Emmanuel Lemelson, one of the very best hedge fund managers, picked the top of WWE to short and then reversed course buying the stock near the bottom and is still holding. His feeling is that the company has made some key changes that have increased the intrinsic value of the company. Further he states that until the fundamentals emerge no one truly knows the long term outlook for WWE. WWE's transition to streaming is much like the Netflix model in that to adapt the future you have to sacrifice part of your existing business. With that transition you have economies of scale in that less costs associated with traditional media forms leads to increased profitability. Revenue net bottom line for one new subscriber is substantially higher than what one new viewer to a cable station adds. Also, like Netflix, WWE has now the best of both worlds, as those who don't want to subscribe can watch it over cable. Finally, WWE already has content whereas Netflix had to develop it over time. The law of large numbers will ultimately prevail and I see WWE going way past break even on streaming after the next Wrestlemania event.
    Sep 20 12:36 PM | 2 Likes Like |Link to Comment
  • Could WWE's International Network Rollout Send Shares Higher? [View article]
    Adam your article is right on. Also, I was able to download Google Organic Search Traffic results from the US (semrush) and the indicators are extremely positive. At it's peak in April 2014 (at the time of WrestleMania) web search traffic from google to WWE.com, just in the USA, was 3,434,632. Then on August 17th with the SummerSlam traffic spiked up to 4,357,057. This represents a 26.9% increase in traffic. The numbers since August 17th has been extremely steady. Although, only V McMahon and Barrios, have access to the actual site numbers, the above information is critical in determining how site traffic is picking up. Most people go directly to the site so the numbers below, although large numbers, are only indicative as to what's happening in total.
    Aug 29 02:56 PM | 1 Like Like |Link to Comment
  • World Wrestling Entertainment: A Short SWOT Analysis [View article]
    Finally think Netflix as the model WWE is using is similar. Only difference is WWE knows what Netflix mistakes were and will not repeat them. Shorter time frame to hit that b/e point as a result.
    Aug 16 12:06 PM | 1 Like Like |Link to Comment
  • World Wrestling Entertainment: A Short SWOT Analysis [View article]
    Dalton, the 125,000 revolves around billing issues and not the 6 month subscription that starts on August 24th. The first subscribers were on Feb 24th. If you read the terms, individuals can cancel during the 6 months subscription, but still have to pay the full commitment. Billing issues are individuals who get an event and then cancel within the required time (2 days) and get a full refund.
    Aug 16 12:04 PM | Likes Like |Link to Comment
  • World Wrestling Entertainment: A Short SWOT Analysis [View article]
    Robert there is one important factor no one has ever mentioned in the Company's growth strategy and who is over seeing it. George Barrios. Like me, George is a number's person who understands the business model. Vince knows how to make money and wants to make more. He now only approves what George puts forth. Big difference....different company now. Vince isn't capable of putting together the numbers side of the equation. This move to have George oversee growth will go down as one of the best moves Vince McMahon ever made.

    Appreciate your article as it shows a consistency in thought on this company. Everybody is missing what I just said above.
    Aug 12 11:09 PM | Likes Like |Link to Comment
  • 8x8 Is The Host With The Most [View article]
    Bought EGHT originally at .45/sh. The start of the transition from residential to commercial was slow and painful at times. The management of this company has been smart enough to recognize when transition is necessary to lead to further growth. Going from a linear to parabolic is the next step. Building up cash and acquiring other smaller concerns that are aligned with their growth strategy is key to any future appreciation in this stock.....
    Aug 2 01:35 PM | 1 Like Like |Link to Comment
  • What ZAGG Bulls Are Missing And Why [View article]
    The numbers are mind boggling for the HzO technology. If they get a major contract from an electronics mfg at $1/device going to ZAGG's bottom line, shorts will be demolished. If ZAGG gives any indication on their next conference call as to the prospects, the sky's the limit. Also all of your so called research has been spewed on the Yahoo message board and there's nothing new that was added. Your short agruments are old.....
    Jan 25 05:32 PM | Likes Like |Link to Comment
  • What ZAGG Bulls Are Missing And Why [View article]
    The numbers are mind boggling if HZO technology is placed within any major mfg electronics. At $1/device with no associated costs it all hits the bottom line. With any type of any indication from mgmt on the mid-March release this could send the stock through the sky. This is a tremendous wild card for the holders of ZAGG and could be your's and the other shorts worst nightmare..
    Jan 25 05:23 PM | Likes Like |Link to Comment
  • U.S.-Listed Chinese Stocks - Gravely Mistreated & Far Undervalued (Part 2) [View instapost]
    Kurt, excellent articles on Chinese stocks. Many are easy targets for shorts and then the vultures follow with lawsuits.
    May 1 03:38 PM | 1 Like Like |Link to Comment
  • Advanced Battery Technology, A Real Company Battle Against an Incredulous Anonymous Short [View instapost]
    Actually this in the first Chinese company in 32 years I have invested in because I could not get my hands around a number of legitimate issues I had with these stocks. Even at my age I learn lessons every day. Hopefully I'm right. But my investment in this company was so small and losses minimal in comparison to my net worth.

    What motivated me to write the article, is that based on my experience, that includes IRS and Dept of Corporation investigations, it's impossible to proof or disproof VVR's allegations without complete access to ABAT's books. The article was written strictly for the intention of driving the stock of ABAT into the ground. The truth did not matter to the writer(s). What mattered was to show enough convincing damaging information from the company's financials and news releases to convince people to abandon the stock at any price. All's I'm saying is that by copying and pasting selective information showing fraud lacks creditibilty as I want to see the original accounting entries to substantiate VVR's accusations.
    Apr 29 03:37 PM | Likes Like |Link to Comment
  • Advanced Battery Technologies, A Real Company Battle Against an Incredulous Anonymous Short [View instapost]
    Appreciate all your comments...believe it or not including the one negative post.
    Apr 21 02:13 AM | Likes Like |Link to Comment
  • Advanced Battery Technologies, A Real Company Battle Against an Incredulous Anonymous Short [View instapost]
    Tribs I'm sure your right. The individual John was referring to was Bruce Wayne and for his second job drove an unusual car.
    Apr 20 11:36 AM | Likes Like |Link to Comment
  • Advanced Battery Technologies, A Real Company Battle Against an Incredulous Anonymous Short [View instapost]
    John attack me all you want...it means nothing to me. Check my background and you will see I have nothing to hide....Although it appears you already have. No one can same the same about VVR though.
    Apr 20 01:39 AM | 1 Like Like |Link to Comment
COMMENTS STATS
26 Comments
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