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Trent Tillman  

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  • Chinese IPOs Facing Some Serious Headwinds [View article]
    The two things not helping RENN still are the current valuation and the increasing talk of questionable accounting w/ many Chinese firms. It did not help that RENN adjusted some sub numbers just days before the IPO. While I do think that your entry level may be decent, unfortunately I don't see any catalyst to move the stock before the next earnings announcement.
    May 26, 2011. 12:02 PM | Likes Like |Link to Comment
  • Will Internet IPO Euphoria Extend to Russian Search Leader Yandex Next Week? [View article]
    Price range increased to $24-25, from original range of $20-22.
    May 23, 2011. 10:55 AM | Likes Like |Link to Comment
  • Due to Heavy Demand LinkedIn Increases IPO Price Range by 30% [View article]
    This is simply an offering overview. Further information is available to subscribers on my website syndicatetrader.com.
    May 19, 2011. 12:38 AM | Likes Like |Link to Comment
  • Advanced BioHealing IPO Quietly Becoming the Other Deal of the Week [View article]
    Shire PLC to buy Advanced BioHealing for $750M ahead of the IPO.
    May 17, 2011. 05:48 PM | Likes Like |Link to Comment
  • Chinese IPOs Facing Some Serious Headwinds [View article]
    Great to catch that ..bad miss on my part...thanks.
    May 15, 2011. 10:38 PM | Likes Like |Link to Comment
  • Chinese IPOs Facing Some Serious Headwinds [View article]
    Thanks for the insight into NQ, I'll dig more into it.
    May 13, 2011. 01:05 AM | Likes Like |Link to Comment
  • Chinese IPOs Facing Some Serious Headwinds [View article]
    Unforturtunately on RENN I think there may still be some more downside, before it gets better. It may take some positive earnings announcement(s) to move the stock back up. There is so much bad press, in particular related to valuation. The problem is all the articles I see discuss the price relative to 2010 sales. Whereas Wall Street values based on the forward projections. And based on the growth, the valuation based on these forward estimates will look a lot more reasonable once the analysts are allowed to issue their reports (after the quiet period).

    As far as LinkedIn, there are already plenty of arguements in both camps, but as far as the IPO itself it will be good. Whether the aftermarket performance is there is another story.
    May 13, 2011. 01:04 AM | Likes Like |Link to Comment
  • Chinese IPOs Facing Some Serious Headwinds [View article]
    The paradox will shift, the question is when. Frankly part of the issue is these alot of these stock got ahead of themselves on a valuation basis. Unfortunately on RENN, I fear it may take a while....like a couple positvie earnings announcements.
    May 13, 2011. 12:55 AM | Likes Like |Link to Comment
  • GNC Looks to Continue Success Among Private Equity-Backed IPOs [View article]
    Yes, the prospectus states that based on a commissioned report done for the company. So with 3648 current US stores (company owned and franchised), that would equate to 852 stores potential. But as in the quote it says "at least" 4500 total potential domestic stores. And the company has said they believe they have a potential for 1000-1200 additional stores.
    Mar 31, 2011. 02:20 PM | Likes Like |Link to Comment
  • Strong Demand for Qihoo 360 Technology's IPO [View article]
    Correct: "Founded in 2005, the company has grown rapidly through the offering of internet and mobile security products free of charge. They have grown their monthly active internet users from 122M in Dec. 2008 to 339M in Jan. 2011, representing a user penetration rate in China of 85.8%. They monetize this large user base through offering online advertising and internet value-added services."
    Mar 30, 2011. 02:15 PM | Likes Like |Link to Comment
  • Apollo Global Management's IPO Prices at the Top of the Range [View article]
    I caught the reversed ratios and the correction has already been made thanks.
    Mar 30, 2011. 11:23 AM | Likes Like |Link to Comment
  • Apollo Global Management's IPO Prices at the Top of the Range [View article]
    Yes, the overhang can obviously be a drag on the stock. But as far as the IPO sucesses, they may not have some of the recent successes of their peers, but IPO is not the only end result for these companies. Their GNC acquisition in '03 and sale in 2007 to Ares and Ontario Teachers is a good example where they made a great return without an IPO.
    Mar 30, 2011. 11:13 AM | Likes Like |Link to Comment
  • MagnaChip Semiconductor IPO Priced to Work? [View article]
    I concur!
    Mar 14, 2011. 03:46 PM | Likes Like |Link to Comment
  • MagnaChip Semiconductor IPO Priced to Work? [View article]
    Fair enough, as we all know these companies are valued on forward earnings estimates rather than trailing. However, annualzing fourth quarter estimates is not necessarily a fair gauge since there is seasonality in their performance as well.
    Mar 11, 2011. 11:17 AM | Likes Like |Link to Comment
  • MagnaChip Semiconductor IPO Priced to Work? [View article]
    Actually the P/E for 2010 of 8.2x reflects the pro forma earnings per share of $1.70 from the prospectus and the actual pricing of $14.00 per share. On an actual reported basis, the GAAP net income for 2010 was $74.1M or $1.89 per share. And on an adjusted net income basis the number for 2010 was $89.2M, which would equate to $2.26 per share (based on approx 39.3M shares), or a P/E of 6.19x.
    Mar 11, 2011. 10:52 AM | Likes Like |Link to Comment
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