American Greetings: A Value Trap Or A Good Opportunity For Outsized Gains? [View article]
Hi Stock Sniper,
Good question. It appears their initial investment in a company was scrapped and they are focusing on Cardstore.com and Americangreetings.com In looking at the web traffic to those sites, it looks very seasonal- large spikes during the holidays, Valentine's day, and probably mother's and father's day. They are focusing on the mobile side with the justwink application- so it is a work in progress- like their international efforts as well. The fact that they generate between 100-150 million a year in cash from their business, on average, leads me to believe they can always buy other web properties to beef up the existing ones if their development efforts don't pay off. Hope that helps.
American Greetings: A Value Trap Or A Good Opportunity For Outsized Gains? [View article]
Good question. It appears their initial investment in a company was scrapped and they are focusing on Cardstore.com and Americangreetings.com In looking at the web traffic to those sites, it looks very seasonal- large spikes during the holidays, Valentine's day, and probably mother's and father's day. They are focusing on the mobile side with the justwink application- so it is a work in progress- like their international efforts as well. The fact that they generate between 100-150 million a year in cash from their business, on average, leads me to believe they can always buy other web properties to beef up the existing ones if their development efforts don't pay off. Hope that helps.
Yale Bock, CFA
President, Y H & C Investments
http://www.y-hc.com
American Greetings: A Value Trap Or A Good Opportunity For Outsized Gains? [View article]
Thank you for the kind words, time will tell but I do agree there is a great deal of value here.
Yale Bock, CFA
President, Y H & C Investments