I rate this 4 out of 10. It may be good only for FLIPPERS. Sell on the pop.
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These are the winning IPOs-- biz.yahoo.com
On their first day of trading investors bid these shares up to more than
10 times their IPO price. What made these IPOs so compelling?
They had many of the following exceptional characteristics. Now you
decide whether or not this IPO has what is takes to be a winner, too:
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Will this company emerge as the category leader in its market? Does this
company represent the leading edge in its technology products or
merchandising model?
YES=1
NO=0
1
Probably leader in their niche.
********************************************************
Does this company have the "first-mover" advantage over all its
competitors?
YES=1
NO=0
1 = yes, first mover
********************************************************
Does this company operate in a big-ass market? Is its market expected
to grow exponentially in the foreseeable future? Does it offer products
or services in the "HOT" sectors, e.g., infrastructure, enabling
technologies, DSL, wireless internet communication, B-to-B commerce,
verticals, hosted services, etc.?
YES=1
NO=0
? its hard to know what size market we have here
so far revenues are negligible
********************************************************
Does this company have strong brand recognition (the "branding"
advantage)?
YES=1
NO=0
0= never heard of thm until now.. Have you?
********************************************************
Does this company have a winning merchandising and customer service
strategy? Has it attracted high-profile clients or consumers? Does
the company have multiple (or blended) revenue sources?
YES=1
NO=0
0
********************************************************
Does the management team hustle? Have they demonstrated success in
prior public ventures? Does the company have the best people in
this field?
YES=1
NO=0
0
All no namers. I'm not impressed. see link
ostman.com
********************************************************
Was this company backed early on by leading venture capital firms?
YES=1
NO=0
1 = YES!!!! Big time
********************************************************
Is the float relatively small (3-5 million shares)?
YES=1
NO=0
1=Yes
4,000,000
[Here's the float--in millions of shares-- for some recently priced IPOs
which are trading at least 100% above their IPO levels (as of 6/18/99):
BRCD 3.2; CMTN 4.0; CPTH 4.5; EXTR 7.0; MKTW 2.7; MMXI 3.0;
MRBA 4.0; PCLN 10.0; PRSF 8.0; PHCM 4.0; RBAK 2.5; RTHM 9.4;
STRM 7.0; SILK 3.0; VERT 3.5]
********************************************************
Is this company being underwritten by at least one of the three
best-performing lead underwriters--Morgan Stanley Dean Witter,
Merrill Lynch, and Goldman Sachs?
YES=1
NO=0
0=NO!!!! (Volpe sucks)
[These brokers are very careful in choosing the companies they underwrite
because they need to protect their long-established reputation for
offering quality IPOs and quality investments. If this IPO passes
muster with Morgan Stanley Dean Witter, Merrill Lynch, or Goldman Sachs,
it's usually a good deal.]
********************************************************
Is there a lot of "BUZZ" about and anticipation for this IPO? One way
to guage this interest is by counting the number of messages about
this IPO on the SI threads.
30 or more messages=1
Less than 30 messages=0
0= so far nothing
[The buzz factor can add to the appeal of an issue, but the absence of
buzz does not necessarily detract. Some great stocks generate buzz, and
some great stocks don't, for whatever reason.
Here are some hard figures on this concept: The PCLN SI thread had 598
messages up to the morning of March 30, 1999, when it began trading.
I believe this is the record number of pre-IPO posts for any issue. PCLN
was one of the biggest first-day movers, jumping from $16 to $84.
see techstocks.com
VERT had 69 pre-IPO messages.
On the other hand, an IPO with few pre-IPO messages may still turn out
to be a big winner. Recent examples are RBAK (8 pre-IPO posts), HLTH
(7 pre-IPO posts), CMTN (15 pre-IPO posts), and BRCD (12 pre-IPO posts).
You can also learn more about the "hot" IPOs at this site--
ostman.com ]
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Taking these criteria into account, how does this IPO stack up?
Please post your TOTAL SCORE (i.e., the number of "YES" responses) on
the first line of your reply message.
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RESOURCES:
Underwriter's performance
quote.com
Management team and their experience
sec.gov
SEC filings and prospectuses
edgar-online.com
sec.gov
"Hot" IPOs list
ostman.com
Free live 24/7 chat channel devoted to IPOs
chat.yahoo.com
Yahoo's list of the top performing IPOs
biz.yahoo.com
General info on the IPO-ing company
smartportfolio.com
ipomaven.com
ipocentral.com
ipo-fund.com
quote.com
ipofinancial.com
Weekly IPO commentary and analysis
ipo-fund.com |
