SA Transcripts • Thu, Nov. 20
From other sites
at CNBC.com (Mar 14, 2014)
at MarketWatch.com (Dec 1, 2013)
There are 2 articles on this stock available only to PRO subscribers.
- 500.com is growing fast as the company takes advantage of the soccer World Cup.
- User retention and China Mobile deal should additionally boost growth in the following quarters.
- Reward/risk ratio has shifted significantly to the long side.
- 500.com presents an opportunity to benefit from strong growth in the online lottery market, as well as from fast growing internet population in China.
- The company’s focus on mobile is paying off as mobile purchases accounted for 18% of total purchase amount in Q4.
- Government approval gives 500.com an edge over most of its competitors.
- Soccer World Cup and government approval for welfare lottery sales are two major catalysts for the stock in 2014.
- $49 price target offers limited upside, and investors should wait for a pullback before buying.
Thu, Nov. 20, 7:24 AM
Wed, Nov. 19, 5:30 PM
Fri, Nov. 7, 8:38 AM
- In response to Muddy Waters' assertion 500.com (NYSE:WBAI) director Qi Li sold 1.3M shares through the pseudonyms Lionel Rim and John Richard, the company says it "had pre-approved of the sale by Mr. Li of the Company's shares held through Lionel Rim and John Richard, which are both limited liability companies incorporated by Mr. Li under the laws of the Cayman Islands on August 11, 2011."
- 500.com adds "the aggregate number of ADSs Lionel Rim and John Richard registered to sell was approximately 1.0 million, instead of 1.3 million as claimed."
Thu, Nov. 6, 12:24 PM
- Muddy Waters asserts 500.com (WBAI -1.9%) diirector Qi Li used pseudonyms to sell 1.3M shares.
- Yesterday, the firm highlighted the selling of major shareholder Prime Capital Management.
- Update: 500.com has responded to Muddy Waters by acknowledging Li's sales, albeit while stating he registered to sell 1M shares, rather than 1.3M.
Wed, Nov. 5, 10:30 AM| Comment!
Wed, Sep. 10, 10:56 AM
- Legally, 500.com (WBAI -8.4%) - sporting a 37x price-earnings ratio and a $1.2B market cap - is in a grey area, says Carson Block, presenting late yesterday at the Value Investing Congress.
- Among the red flags (according to Block): Complex tax status, with 72% of revenues last year coming from a tax benefit, employee bank accounts being used to collect winnings, spurious claims of 20M downloads of its app last quarter.
- Responding at length this morning, 500.com, refutes all of Block's "unsubstantiated speculations."
Tue, Sep. 9, 5:36 PM
Wed, Aug. 20, 9:35 AM
- 500.com (NYSE:WBAI) CFO Zhengming Pan has been promoted to the role of president. Chairman/CEO Vincent Law says Pan will "take over the day-to-day running of our business," thus leaving Law to "focus on the overall management of the Company, our growth strategy and the substantial opportunities that we see ahead of us."
- Min Yu, a Deutsche VP for the last four years, is 500.com's new CFO. The company notes Yu was part of the team that worked on 500.com's IPO.
Mon, Aug. 11, 9:16 AM
Mon, Aug. 11, 7:48 AM
Sun, Aug. 10, 5:30 PM
Thu, Jun. 19, 1:38 PM
- Aicai, a Chinese lottery ticket site established in '07, is now fully owned by Sina (SINA -2.4%). Aicai's founding team will remain with the company.
- Aicai was established in '07, with Sina holding a majority stake. The site raised funding in '09.
- Research firm Analysys estimates Aicai had a 4.9% share of the Chinese online lottery market in Q1. 500.com (WBAI +3.2%) had a 5.8% share, Alibaba's Taibao site an 11.3% share.
Thu, May. 8, 10:57 AM
- Deutsche has upgraded 500.com (WBAI +5.9%) to Hold a day after shares fell 15% in the wake of the company's Q1 report amid a broader selloff in high-beta tech stocks.
- Separately, 500.com is denying media reports stating the company lacks the needed government approvals to run a Chinese online sports lottery service.
- The company beat Q1 estimates yesterday on the back of a 95.4% Y/Y increase in total purchases to $169.7M, and a 101.6% increase in service fees to $18M. Active users rose 28% Q/Q to 1.14M.
- 500.com expects Q2 total purchases to be in a range of $214M-$222M, up 26%-31% Q/Q and 90%-97% Y/Y.
Wed, May. 7, 9:15 AM
Wed, May. 7, 7:51 AM
Mon, Apr. 28, 10:17 AM
- Sohu (SOHU -4.8%) missed Q1 estimates and provided light Q2 guidance. Meanwhile, as part of a recent crackdown, the Chinese government has pulled The Big Bang Theory and other popular U.S. shows from sites such as Sohu.com, Youku.com (YOKU -4.4%), Baidu's (BIDU -5%) iQiyi, and Tencent Video (TCEHY -2.8%). Time observes The Big Bang Theory has produced 1.3B video views since launching on Sohu TV in '09.
- The news is overshadowing a $1.22B investment in Youku by Alibaba (ABABA) and an affiliated P-E firm, and a WSJ report stating Alibaba is forming a mobile search JV with leading mobile browser firm UCWeb (once targeted by Baidu).
- The deals are the latest in a long line of investments and partnerships struck by Alibaba, Tencent, and Baidu, as each firm tries to build a Web/mobile empire covering over a dozen valuable markets.
- Is Qihoo (QIHU -0.8%) next in line to make a deal? With a $21.6B market cap, the security app/browser/search provider and Baidu rival is the biggest Chinese Internet company to remain independent of the big-3. Qihoo was reported in January to be talking with Alibaba.
- Other decliners: NQ -6.5%. VIPS -5.2%. WB -4.2%. WBAI -3%. LONG -4.5%. QUNR -2.4%.
WBAI vs. ETF Alternatives
Other News & PR