MicrostockGroup
Agency Based Discussion => iStockPhoto.com => Topic started by: BaldricksTrousers on December 08, 2013, 15:14
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I'd been waiting to see how istock's cut in inde pricing could increase its income, since it didn't make sense to me, now Jim Pickerell of "Selling Stock" the industry newsletter, reports:
"Getty Images has supplied selected investors with its third quarter revenue figures. Indications are that revenue continues to decline. For the year ending June 30, 2013 revenue was $897 million. For the 4 quarters ending September 30, 2013 indications are that the revenue is less than the $897 million, but we have been unable to determine exactly how much it has declined. "
There's more in an article you can pay credits to read, but the summary looks as if it says it all.
Maybe there has been some change in the market pricing of their debt? You may recall that it was that that brought out some figures three months ago. I don't know where to look for that info, though.
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I wonder where Jim got his info from? A full quarter has passed since the Moody's downgrade so I thought we might be due another report.
Doesn't sound good though.
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There was a Moody's report issued on 1st November. From previous experience my impression is that Jim Pickerell extrapolates his guesses from Moody's credit opinions - or the reporting of. It is inconceivable that anyone who holds these instruments is talking to him directly.
Based on his last thread here I wouldn't personally bother paying for his articles.