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Author Topic: SSTK to sell 3M more shares.  (Read 16427 times)

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« Reply #25 on: September 24, 2013, 10:40 »
0
Someone calling themselves 'Money Investor' on Seeking Alpha is left scratching their head on SS's recent price rise;

http://seekingalpha.com/article/1709772-shutterstock-latest-price-action-should-leave-investors-scratching-their-heads?source=email_rt_article_readmore


« Reply #26 on: September 24, 2013, 10:49 »
+2
When this bubble bursts - watch out.

+1

I believe this ''game'' is pyramidal... the shares can't rise forever.... the bubble will burst and the investors will want their money.
than what ? ? ?

Probably the typical cycle of technology companies after an IPO.   Once the irrational exuberance dissipates, first-round investors start applying the pressure to top execs, who are quite receptive because they're highly leveraged themselves.  Both these groups have one goal - get the stock price back to what they think it should be, which unfortunately might be an unrealistically high number.   Thumbscrews are fitted to the employees, and every rock is overturned in search of ways to boost profits in the short run.  That's where we come in :-)

« Reply #27 on: September 24, 2013, 10:51 »
0
Someone calling themselves 'Money Investor' on Seeking Alpha is left scratching their head on SS's recent price rise;

http://seekingalpha.com/article/1709772-shutterstock-latest-price-action-should-leave-investors-scratching-their-heads?source=email_rt_article_readmore


yep, read that in my inbox this morning, very interesting article!

« Reply #28 on: September 24, 2013, 11:18 »
+7
Someone calling themselves 'Money Investor' on Seeking Alpha is left scratching their head on SS's recent price rise;

http://seekingalpha.com/article/1709772-shutterstock-latest-price-action-should-leave-investors-scratching-their-heads?source=email_rt_article_readmore


yep, read that in my inbox this morning, very interesting article!


I liked the last line of the article
Quote
The problem is that any competitor with a web hosting service, cloud servers, and the ability to pay users more for their images and offer those images to customers at a cheaper price can tremendously disrupt the disrupter.


I'm glad to see at least someone realizes it is the photographers who hold at least some of the power to say who succeeds an fails as a stock agency and that it is important to keep the contributors happy if you aren't going to loose market share.

ACS

« Reply #29 on: September 24, 2013, 12:47 »
0
If SS wants to acquire a competitor, Pond5 could be a more likely candidate than DT I think. Once they buy P5, they will be able to dominate the microfootage market maybe %80.

Just my 2 cents..

« Reply #30 on: September 24, 2013, 12:52 »
+3
"The problem is that any competitor with a web hosting service, cloud servers, and the ability to pay users more for their images and offer those images to customers at a cheaper price can tremendously disrupt the disrupter."

What puzzles me is that none of the many competitors seem to come close - I can only assume its not as easy as it looks!

BK

« Reply #31 on: September 24, 2013, 16:27 »
+2
Someone calling themselves 'Money Investor' on Seeking Alpha is left scratching their head on SS's recent price rise;

http://seekingalpha.com/article/1709772-shutterstock-latest-price-action-should-leave-investors-scratching-their-heads?source=email_rt_article_readmore


I doubt that "money investor" has any plans to short the stock anytime soon. I'm sure his/her motives are pure and he/she is just trying to save us poor little investors who don't know any better.

Although I did take a little off the table when it jumped to $70 for no real reason.  ;)

calcaneus10

« Reply #32 on: September 24, 2013, 23:31 »
0
Would be a good short with a P/E of 31.5 if it wasn't a bull market. 

« Reply #33 on: September 25, 2013, 00:47 »
+1
When this bubble bursts - watch out.

+1

I believe this ''game'' is pyramidal... the shares can't rise forever.... the bubble will burst and the investors will want their money.
than what ? ? ?

Probably the typical cycle of technology companies after an IPO.   Once the irrational exuberance dissipates, first-round investors start applying the pressure to top execs, who are quite receptive because they're highly leveraged themselves.  Both these groups have one goal - get the stock price back to what they think it should be, which unfortunately might be an unrealistically high number.   Thumbscrews are fitted to the employees, and every rock is overturned in search of ways to boost profits in the short run.  That's where we come in :-)

As much as I wish to contradict you........ but you are right :( :(......than the Bigstock structure will come in.

OM

« Reply #34 on: September 25, 2013, 18:13 »
+2
Would be a good short with a P/E of 31.5 if it wasn't a bull market.

Didn't Maynard Keynes once say, " Markets can stay irrational longer than you can stay solvent."
At least SSTK has a P/E ratio unlike some stocks..... Amazon for example!

Buy SSTK with both hands cos it's going to go up forever.........until it doesn't. LOL.

« Reply #35 on: September 25, 2013, 19:48 »
-1
Didn't Maynard Keynes once say, " Markets can stay irrational longer than you can stay solvent."

Nice one!

calcaneus10

« Reply #36 on: September 26, 2013, 18:45 »
0
You can't compare P/E ratios of SS to Amazon.  Or even Netflix.  Or Tesla.  Or Apple.  Many companies have P/E ratios of 600 for good reason....they are super growth companies.  SS is not super growth. When you short a company, you have to pay interest on it every month.

« Reply #37 on: September 27, 2013, 08:28 »
0
You can't compare P/E ratios of SS to Amazon.  Or even Netflix.  Or Tesla.  Or Apple.  Many companies have P/E ratios of 600 for good reason....they are super growth companies.  SS is not super growth. When you short a company, you have to pay interest on it every month.

This isn't completely correct. You pay margin costs if and only if the value of your short position exceeds your free account equity. So if you are short $5000 worth of a stock, but have $6000 of cash in your account, no margin costs are accrued. You do pay for all dividends however.

That said, I don't recommend anyone try shorting unless they have a lot of experience. There is a lot of cliche among old Wall Street quotes, but the Keynes quote is dead on. It would have made a lot of sense to short the Nasdaq at the end of 1998 based on its gross overvaluation. But that didn't stop the index from roughly doubling over the next year. To stick with that trade would have required a lot of extra cash, and a tremendous amount of patience.

FWIW I wrote a similar post to this in a previous thread, but it got deleted for being off-topic. So take the advice before it gets deleted?
« Last Edit: September 27, 2013, 08:32 by djpadavona »

« Reply #38 on: September 29, 2013, 23:04 »
0
http://www.nasdaq.com/article/weekly-ceo-sells-highlight-shutterstock-inc-autodesk-inc-cm281052

Shutterstock Inc. ( SSTK ): CEO, 10% Owner Jonathan Oringer Sold 2,530,000 Shares

CEO, 10% Owner of Shutterstock Inc ( SSTK ) Jonathan Oringer sold 2,530,000 shares on 09/25/2013 at an average price of $57.3. Shutterstock Inc has a market cap of $2.53 billion; its shares were traded at around $72.87 with a P/E ratio of 44.05 and P/S ratio of 10.76.

Shutterstock Inc. reported their 2013 second quarter financial results. The Company announced net income of $6.9 million and revenues of $56.8 million.

CEO, 10% Owner Jonathan Oringer sold 2,530,000 shares of SSTK stock on 09/25/2013 at the average price of 57.3. President and COO Thilo Semmelbauer sold 15,000 shares of SSTK stock in July, August, and September.


« Reply #39 on: September 30, 2013, 02:30 »
0
Perhaps SS will buy another site but I'm sure the ones that are worth it would of turned down several offers by now. 

The big jump in the SS share price makes me more concerned that they are the target.  If they aren't eating the small fish, a big fish might eat them :)

The big microstock sites seem reasonably safe from new competition because buyers don't seem to like moving much.  Look at the efforts istock have made to get rid of their buyers but they still have some :)

So when you know who left, it would of been a good time to buy SSTK.  I didn't think one portfolio was going to hinder them much.


Ron

« Reply #40 on: September 30, 2013, 04:14 »
0
http://www.nasdaq.com/article/weekly-ceo-sells-highlight-shutterstock-inc-autodesk-inc-cm281052

Shutterstock Inc. ( SSTK ): CEO, 10% Owner Jonathan Oringer Sold 2,530,000 Shares

CEO, 10% Owner of Shutterstock Inc ( SSTK ) Jonathan Oringer sold 2,530,000 shares on 09/25/2013 at an average price of $57.3. Shutterstock Inc has a market cap of $2.53 billion; its shares were traded at around $72.87 with a P/E ratio of 44.05 and P/S ratio of 10.76.

Shutterstock Inc. reported their 2013 second quarter financial results. The Company announced net income of $6.9 million and revenues of $56.8 million.

CEO, 10% Owner Jonathan Oringer sold 2,530,000 shares of SSTK stock on 09/25/2013 at the average price of 57.3. President and COO Thilo Semmelbauer sold 15,000 shares of SSTK stock in July, August, and September.


Does that mean he pocketed 144,969,000$ or is that money going into the company?

« Reply #41 on: September 30, 2013, 04:23 »
0
That's his money now, nothing of that goes into the company.


« Reply #42 on: September 30, 2013, 04:54 »
+3
With over 144 million (+ others income and previous sold shares) CASH, in his pockets Oringer will not give a f*** what will become of SS.  ;)

« Reply #43 on: September 30, 2013, 05:09 »
0
With over 144 million (+ others income and previous sold shares) CASH, in his pockets Oringer will not give a f*** what will become of SS.  ;)
I think he could of sold out for a lot more.  So hopefully he's one of the few people that's more interested in the business than the money.

Ron

« Reply #44 on: September 30, 2013, 05:12 »
+2
With over 144 million (+ others income and previous sold shares) CASH, in his pockets Oringer will not give a f*** what will become of SS.  ;)
Thats why I asked the question.

He was 55% owner, now he is 10% owner. So SS is no longer in his hands. He is no longer calling the shots. If I understand correctly. He cashed out, and is walking. The new TOS and EULA indicate changes coming up. Brace yourselves, its going to be ugly.

Ron

« Reply #45 on: September 30, 2013, 05:13 »
+1
That's his money now, nothing of that goes into the company.

Thats very worrying to me. See my previous comment

« Reply #46 on: September 30, 2013, 06:08 »
0
With over 144 million (+ others income and previous sold shares) CASH, in his pockets Oringer will not give a f*** what will become of SS.  ;)
I think he could of sold out for a lot more.  So hopefully he's one of the few people that's more interested in the business than the money.

If he was more interested in the business than the money.... maybe better not trade SS on the stock; or better trade only a small part of the shares ( to get a quickly a large sum of money) and retain the 50% + 1 of the company.

 If Origer wanted to sell SS before the stock listing definitely would not have earned that much money....  ;)

« Reply #47 on: September 30, 2013, 06:14 »
0
If you look at how much the hedge funds paid for Getty, I think he could of easily made as much or more selling SS privately as he has from selling shares.

« Reply #48 on: September 30, 2013, 06:24 »
0
If you look at how much the hedge funds paid for Getty, I think he could of easily made as much or more selling SS privately as he has from selling shares.

Yes but that was in early 2008  ;D. back than even small house was 3-4 time more expensive than the actual value....

Ron

« Reply #49 on: September 30, 2013, 06:40 »
0
I think if you outright sold a company you would get compensated for goodwill and future profits, if I am correct.


 

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