Shutterfly Inc. (SFLY)

All Comments on SFLY

  • commenter
    Tom B
    Nov 30 10:00 AM
    Why Yahoo Must Acquire Shutterfly [view article]
    I'd rather they spun off Flickr. As a Flickr user, I have little trust for Yahoo. They are too cozy with MSFT and they are poorly managed. Reply
  • commenter
    irondoor91
    Aug 13 10:37 AM
    How To Survive the Market Sinkhole [view article]
    Agree completely regarding stops. Use end-of-day data, which gives you time to run your numbers in peace in the evening and get your preparation done to implement your trades (if any) next day. Many times I have seen a stock hit my mental stop during trading but rebound prior to the close. If you trade an end-of-day data system, it will have completely ignored the gyrations and only record the close.

    Had you sold when the stop was hit intraday, you would be out of the position but your end-of-day system would still hold the position. Now what do you do? If you don't go back into the market the next day and re-enter the position and square yourself with your system, you are like a pilot flying in the clouds and rain who begins to disregard or disbelieve his instruments because they don't "feel right". You will arrive at a "final destination", but it probably won't be on the runway.     Reply
  • commenter
    NO DooDahs
    Aug 10 06:04 PM
    My Website
    How To Survive the Market Sinkhole [view article]
    Nobody ever did need the uptick rule. ETFs have always been exempt, as have some market makers.

    Think about this: a hedge fund want to short 10,000 shares of XYZ, but "needs" an uptick. So they have their computer MANUFACTURE an uptick by buying a block of 500 at the ask, then turn around and short 10,000, then sell their 500. BFD.

    Only retail joe is benefited by the uptick, and there are two things you need to know about joe. First, he's usually stupid and will short after the move is over, anyways, and second, he doesn't have enough money to move the markets.     Reply
  • commenter
    Solution
    Aug 10 04:27 PM
    How To Survive the Market Sinkhole [view article]
    We actually don't need up-tick rule. We can "buy" QID, MZZ, TWM, DXD, SDS to short the market. Reply
  • commenter
    NO DooDahs
    Aug 10 02:00 PM
    My Website
    How To Survive the Market Sinkhole [view article]
    My comments are essentially the same here as they were for your previous "sinkhole" article.
    usmarket.seekingalpha....
    Now is the time to be an aggressive BUYER, if your market outlook is longer than a few weeks.

    Regarding stops, just my opinion, but in this market a stop loss acts the same way as PANIC does, and you said "don't panic." These positions (advocating stop losses and advocating "don't panic") are contradictory in the current market, as a stop loss will often SELL AT THE BOTTOM, just like a person would in panic.

    Again, just my opinion, but stop losses (esp. trailing stops) are best in gently trending markets, where they can alert me to changes of trend. In a volatile market, I would much rather leave the position open, go home, have a good dinner and a cup of coffee, and calmly decide whether to sell, or not, or buy more.     Reply
  • commenter
    john gaats
    Aug 10 10:46 AM
    My Website
    How To Survive the Market Sinkhole [view article]
    I just sold my China holding: FXI. You think it is not related to subprime or credit cruch. But this one is among badly punished (I don't know for what). My concern is that even worse lost can happen if I keep holding. I hope that brave heart can profit from it later on. Man, this is bad. Reply
  • commenter
    C Brewer
    Jan 18 03:26 PM
    Why Is Shutterfly's Jim Clark So Concerned About SarbOx Constraints? [view article]
    That's simplistic. SOX benefits companies that have their act together, hurts companies that are a management mess, and demands a level of control and accountability that some businessmen simply can't stomach. Does it cause pain? Yes. The more mess, the more pain. Feel the burn, baby.

    But I doubt SOX is Jim's problem. He should really be asking why the corporate leaders wouldn't find a way to make him happy within the bounds of SOX. They would, if they wanted him. Happens all the time. But maybe Jim was obsolete. His dot-com skillset and vision weren't in line with Shutterfly's current direction, so maybe the board didn't want him in a leadership position where he would be -- how did Michael put it? -- too expensive and unwieldy.

    But that's just corporate politics masquerading as a regulatory scapegoat -- no need to make a Congressional issue out of it.     Reply
  • commenter
    David Lentz
    Jan 14 12:03 PM
    Heed Jim Clark's SarbOx Warning [view article]
    So Sarbanes-Oxley is tough on small businesses. No news there. Do you have suggestions (other that throwing it completely out and returning to the no-rules-obeyed times of yore) that could lighten it's load on small businesses, and yet still hold larger firms' feet to the fire of accountability and truth?

    While SarbOx has undeniably been a heavy burden to bear for small businesses, I can see that it has had an impact on the community of robber-baron CEOs loose in corporate America at large, people like Ken Lay, Bernie Ebbers, Dennis Kozlowski, Jeff Skilling, ... People who are intent upon using the resources of large corporations to line their pockets at the expense of the stockholders. I've seen corporate heads who formerly thought nothing of indulging in round-the-world parties on the company's dime get tossed out, and others rein in their conspicuous behavior.

    So what's your answer? I'm sure that the requirements could be streamlined (it was, after all, a solution devised by Congress), and I'd think that revising the tax code to allow accountants who are employed solely to deal with SarbOx to be deductible expenses to a company would go a long way toward lifting the burden from the shoulders of start-ups and small companies. Throw in some sort of "shield legislation" to protect corporate officers from the flood of shareholder lawsuits that always descends any time the company stock takes a dip -- a shield that would be removed once the company was found to be not in compliance with SarbOx -- and I think things might be improved.

    But throwing out SarbOx (which the tone of your piece seemed to indicate was your solution, sorry if I read you wrong), and returning to the bad old days is not the answer.

    We still have way too many CEOs (e.g., Whitacre at T, Tillerson at XOM) who are using the corporate resources not in order to compete, but instead opting to buy out or lobby/legislate out the competition, enormously growing their compensation while doing a miserable job of running the business. The gutting of anti-trust by the current administration is responsible for this sad state of affairs. I don't favor extending SarbOx to deal with this, just putting teeth back in the DoJ.

    But to return to the original point, so you don't like SarbOx -- what's your better plan?     Reply
  • commenter
    Michael
    Jan 12 03:58 AM
    My Website
    Why Is Shutterfly's Jim Clark So Concerned About SarbOx Constraints? [view article]
    Say what you want about Jim Clark's true motives but he is completely right about SarBox (a.k.a the Universal Accountant Employment Act) . It is hurting the American economy, the US stock markets and empowering Stock Markets like AIM and the LSE at a time when the US economy, shareholder and tax payer can ill afford it.

    SOX is too expensive and unwieldy, especially for small companies; SOX makes it difficult and expensive to recruit talented outside board members; It is filled with paranoia about conflicts of interest like the ones Clark described.

    Jim Clark has been a very important entreprneur for our economy (do you remember Netscape? SGI). I suggest that instead of looking for ways to undermine his credibility, the new Congress and the investor community should heed his warning.     Reply
  • commenter
    Oliver
    Mueller
    Oct 06 01:12 PM
    My Website
    Internet Stocks: Amazon Overvalued, Shutterfly Won't Be Profitable [view article]
    Oliver Mueller, CMFC.
    Financial Advisor
    Enright Premier Wealth Advisorts

    www.enrightpremier.com

    blog at southbaywealthadvisor..../     Reply
  • commenter
    Mr
    WaveTheory
    Oct 05 12:46 PM
    Jupitermedia CEO Attacks Shutterfly [view article]
    It sounds alot like sour grapes. The truth is that Jupitermedia is not growing that fast either.

    I wrote earlier about ShutterFly in the post Will the ShutterFly IPO Fly? in which I wrote that it wouldn't. ShutterFly broke its IPO price just two days after the offering. Read more     Reply
  • commenter
    David G
    Oct 03 08:53 AM
    My Website
    An In-Depth Look at Shutterfly's IPO [view article]
    I would also add that I have been using Shutterly for about 4 or 5 years and I am doing less and less printing. I think we are moving from a printing world to a digital screen viewing world... Reply
  • commenter
    Mr
    WaveTheory
    Oct 03 03:13 AM
    An In-Depth Look at Shutterfly's IPO [view article]
    Nice post Bill. I would add that ShutterFly has:

    * A very large market opportunity
    * Serious pricing pressure from Snapfish (including a 50% price cut in the last 6 months)
    * A rich valuation.

    I looked at the prospectus and here are my thoughts

    ShutterFly, Inc.'s pending IPO proves that dot-com IPOs are back. ShutterFly enables consumers to upload, share, and print & print photos online. ShutterFly, Inc. is trying to sell 5.8 million shares at between $13-15 per share in an IPO worth roughly $73 million. With the excitement over photo sharing and the growing popularity of services like FlickR, I took alook at the ShutterFly prospectus to see for myself whether to snap up some shares on the IPO.

    Market Opportunity

    ShutterFly is going after a very broad market opportunity.
    We are an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories by leveraging our technology, manufacturing, web-design and merchandising capabilities. Our vision is to make the world a better place by helping people share life’s joy. Our mission is to build an unrivaled service that enables deeper, more personal relationships between our customers and those who matter most in their lives. Today, with the evolution of digital cameras and technology, millions of people around the world are capturing their memories and communicating in more meaningful ways. We provide a wide range of products and services that allow consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos.
    What I like about the photo sharing market is that it takes an existing business that used to be offline and transplants the entire industry online. The company's market is very large and that is why the company has shown some great numbers.

    Read More     Reply
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