Seeking Alpha

IPOdesktop's  Instablog

IPOdesktop
  • on IPO Analysis
Send Message
During the IPO season Francis Gaskins, editor of IPOdesktop.com & director of research for Equities.com, regularly appears on CNBC TV, Bloomberg, thestreet.com & other financial cable channels. On the day of the Visa IPO he appeared on four cable TV financial shows including Bloomberg... More
My company:
IPOdesktop
My blog:
IPOdesktop
  • Green Dot (GDOT) IPO sch for July 22. Competitor NetSpend filed July 15 0 comments
    Jul 16, 2010 7:29 PM | about stocks: GDOT, TSS, SNV, V, MA, ONE, DFS, FIS, CASS, HPY, AXP
    See compare/constrast valuations.  Compare qtrs between GDOT & NetSpend

    GDOT IPOreport includes financials & valuations


    Green Dot
    . Priced at 38x adjusted earnings, annualizing the March quarter, see financials below
    . Priced at 26x unadjusted earnings, annualizing the March quarter
    . Notice that GDOT’s P/E at price range mid-point is considerable higher than Visa and Higher One, based on adjusted earnings, see financials at end of report

    . Competitor NetSpend filed for an up to $200mm IPO Thursday, July 15, see sales/profits comparison with GDOT in IPOreport. 
    . NetSpend cards can be reloaded at 114,000 retail locations vs 50,000 for GDOT.  NetSpend said it had about 2.1 million cards active as of March 31, while Green Dot said it had 3.4 million active cards in its portfolio.

    GDOT IPOreport includes financials & valuations






    Disclosure: none
    Themes: IPO Stocks: GDOT, TSS, SNV, V, MA, ONE, DFS, FIS, CASS, HPY, AXP
Back To IPOdesktop's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.