LiveDeal - Continued Controversy Muddies Valuation; Initiate With 'Sell' And $1.20 PT
L&F Capital Management
L&F Capital Management
Tue, Nov. 29, 3:00 PM
Mon, Nov. 28, 8:51 AM
- Live Ventures (NASDAQ:LIVE) announces that it will effect a 1-for-6 reverse split of its outstanding common stock.
- The recalculation of shares will be effective on December 8.
- The company says a primary purpose of the reverse split is to broaden the appeal of its stock to include institutional investors following the closing of its second major acquisition in the past 18 months.
- Additionally, the Live Ventures notes that the reverse split was not undertaken to facilitate any financing transactions or for NASDAQ compliance reasons.
- LIVE -5.06% premarket to $2.25.
- Source: Press Release
Mon, Nov. 21, 3:00 PM
Mon, Nov. 21, 9:34 AM
Mon, Nov. 7, 10:09 AM
- Live Ventures (NASDAQ:LIVE) is up 5.3% after news that it's acquired buy/sell/trade entertainment retailer Vintage Stock for $60M.
- Vintage Stock incorporates sub-brands VStock, Movie Trading Company and EntertainMart, and operates 57 stores across 10 states. Its 900 employees will bring total Live Ventures employees to about 1,200.
- The deal's in cash and debt, and is financed by Texas Capital Bank and Capitala Group.
- Management sees Live Ventures' assets climbing to over $100M, annual sales to $160M and net income up to 20M ($1.21/share); Vintage Stock generated about $13.5M in pretax income in its most recent audited report.
Mon, Nov. 7, 9:17 AM
Wed, Oct. 19, 1:17 PM
- Barron's has introduced a tracking index of stocks favored by younger consumers.
- Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
- As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
- Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
- A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
Tue, Sep. 27, 3:00 PM
Mon, Aug. 15, 10:26 AM
- Live Ventures (NASDAQ:LIVE) is up 14.4% after fiscal Q3 results where it swung to an operating profit as revenues grew by six times Y/Y.
- Revenues of $19.99M compared to a year-ago $2.94M, with the addition of the company's manufacturing business contributing nearly all of that ($19.2M). Excluding the manufacturing business, revenues fell 74%.
- Revenue by segment: Manufacturing, $19.24M (new); Marketplace platform, $508,099 (down 80.2%); Services, 243,245 (down 35%).
- The company wrote down inventory tied to its Modern Everyday business in the amount of $0.8M, and excluding that and a one-time gain of $12.2M, EPS was $0.11 vs. the headline number of $0.79.
- Press Release
Mon, Aug. 15, 9:12 AM
Mon, Aug. 15, 8:32 AM
Mon, Aug. 8, 3:00 PM
Mon, Jun. 27, 3:00 PM
Mon, May 16, 10:49 AM
- Live Ventures (NASDAQ:LIVE) has skied 17% after its fiscal Q2 results showed revenue gains of 365% Y/Y amid its continuing pivot to manufacturing.
- The company swung to a profit of $1.2M from a year-ago loss of $1.1M. Nearly all the company's revenue now comes from its acquisition last year of Marquis Industries.
- Revenue by segment: Manufacturing, $18.45M (new Y/Y); Marketplace platform, $1.14M (down 71%); Services, $256.7K (down 33%).
- Profit by segment: Manufacturing, $5.1M (new); Marketplace, $255.2K (down 84%); Services, $245.2K (down 31%).
- 10-Q filing
Mon, May 16, 10:36 AM
- Live Ventures (NASDAQ:LIVE): FQ2 EPS of $0.07.
- Revenue of $19.8M (+365% Y/Y).
Tue, Apr. 19, 9:28 AM
- Live Ventures (NASDAQ:LIVE) is up 7.1% premarket as it launches a stock repurchase program with a buy of 53,510 shares.
- The company had established a $10M buyback program in January.
- The new purchases came at about 10-15% below yesterday's closing price of $1.70/share, the company says.
- Q2 is "the first time since the arrival of current management that Live Ventures will witness a decline in our issued and outstanding shares," says CEO Jon Isaac.