MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: w7lwi on February 27, 2017, 21:33
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16.68 percent tumble. Not particularly happy about Jon's comments.
https://finance.yahoo.com/m/0d7eec2b-589e-3f97-8af9-e92897bc677f/why-shutterstock-inc.-stock.html
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I wonder what a MARKETPLACE to a PLATFORM means.
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I wonder if that means they have plans of charging contributers a fee to use their platform to sell their images?
Nothing would surprise me in the world of micro these days.
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That caught my attention right away too...
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I don't want to speculate but it will not be good for us for sure :-[
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I wonder what a MARKETPLACE to a PLATFORM means.
If you read the earnings call transcript (http://seekingalpha.com/article/4050130-shutterstocks-sstk-ceo-jon-oringer-q4-2016-results-earnings-call-transcript), the analysts ask, but get complete gibberish answers and then say "OK". Unbelievable.
I was also curious about the comments on capitalizing labor costs. I wondered why they might be doing this - I found a few general articles, like this one (http://smallbusiness.chron.com/capitalized-labor-vs-expensed-labor-76652.html). Does this mean that SS is trying to show more profits in the short term by capitalizing their labor?
They also give a non-answer to the question about whether lower priced subscriptions are canibalizing existing higher priced options
Oringer also made some vague statements about customers using their own images as well as ones they purchase - I assume in the new platform world scenarios?
"Every business needs imagery to sell their product or service and we're increasingly becoming the place that people go to get those images. We will also continuously become more of a place that people go to work on their own images and we will be more in the work flow of all of these businesses."
There was also a question about enterprise vs. other customers:
"Q. And then secondarily if you can talk a little bit about with a higher mix of enterprise customers does that at all affect your gross margins.
A. So on the latter part of your question. Gross margins are really unaffected, as a result of the fact that the contributor royalties are generally similar across the platform when you average all of the different types of customers on each platform so. So that is not an impact. As it relates to customer growth, it's been very stable if you would in the 14% to 15% annually and the revenue per customer was essentially flat year-over-year. That was attributable primarily to a higher mix to enterprise but also a higher mix to some lower priced subscription versus our 750 image per month product."
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I think the "platform" probably involves some Canva-type functionality. I think there's a lot of demand out there for that kind of thing. Simple design platforms that allow creation of complete documents and the like. Website design went that way with square space and it's competitors too. Maybe ss hopes to negate some of adobe's advantage in being able to integrate their collection with adobe suite.
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I think the "platform" probably involves some Canva-type functionality. I think there's a lot of demand out there for that kind of thing. Simple design platforms that allow creation of complete documents and the like. Website design went that way with square space and it's competitors too. Maybe ss hopes to negate some of adobe's advantage in being able to integrate their collection with adobe suite.
This was how I interpreted the comments too.
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Usually I find the telephone transcript quite understandable...not this time. I think SS is losing sight of the basics such as quality control. The goodish news is at least is that they don't seem to see contributor pay cuts as the way forward...though they may come under pressure to do this. For contributors supply growth continues to massively outstrip demand growth...its not going to get any better!
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I think the "platform" probably involves some Canva-type functionality. I think there's a lot of demand out there for that kind of thing. Simple design platforms that allow creation of complete documents and the like. Website design went that way with square space and it's competitors too. Maybe ss hopes to negate some of adobe's advantage in being able to integrate their collection with adobe suite.
Yes I think so....whether the demand is that great remains to be seen....I'm not convinced
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I sold mine while the going was good. Never trusted it anyway and these guys are no analysts. We are photographers and creatives and all one has to do is look at most peoples earnings lately and its easy to see something isnt right.
They might want to check in down the Bronx instead. Dump their exclusive offices for starters.
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I sold mine while the going was good. Never trusted it anyway and these guys are no analysts. We are photographers and creatives and all one has to do is look at most peoples earnings lately and its easy to see something isnt right.
They might want to check in down the Bronx instead. Dump their exclusive offices for starters.
Peoples earnings is easily explained by supply growth. The stock is massively overpriced still in my view. If any of their competitors really get their act together they would be in trouble but for all its problems SS is still way ahead of the rest.
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I sold mine while the going was good. Never trusted it anyway and these guys are no analysts. We are photographers and creatives and all one has to do is look at most peoples earnings lately and its easy to see something isnt right.
They might want to check in down the Bronx instead. Dump their exclusive offices for starters.
Peoples earnings is easily explained by supply growth. The stock is massively overpriced still in my view. If any of their competitors really get their act together they would be in trouble but for all its problems SS is still way ahead of the rest.
True but I can smell internal problems and many times that have sunk the biggest of corporations. its dodgy.
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I sold mine while the going was good. Never trusted it anyway and these guys are no analysts. We are photographers and creatives and all one has to do is look at most peoples earnings lately and its easy to see something isnt right.
They might want to check in down the Bronx instead. Dump their exclusive offices for starters.
Peoples earnings is easily explained by supply growth. The stock is massively overpriced still in my view. If any of their competitors really get their act together they would be in trouble but for all its problems SS is still way ahead of the rest.
True but I can smell internal problems and many times that have sunk the biggest of corporations. its dodgy.
Certainly as an investment I wouldn't touch it
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I notice that SS is down to 62.8 on the right here already......
:(
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I sold mine while the going was good. Never trusted it anyway and these guys are no analysts. We are photographers and creatives and all one has to do is look at most peoples earnings lately and its easy to see something isnt right.
They might want to check in down the Bronx instead. Dump their exclusive offices for starters.
Peoples earnings is easily explained by supply growth. The stock is massively overpriced still in my view. If any of their competitors really get their act together they would be in trouble but for all its problems SS is still way ahead of the rest.
True but I can smell internal problems and many times that have sunk the biggest of corporations. its dodgy.
Certainly as an investment I wouldn't touch it
Not until it's under $40 a share, maybe $34 and then it's a slow climb. The party might be over for speculation on the new popular stock. When some just lost $10 a share that will quiet the exciting growth.