Suzzanne, obviously your DD on EXDS was completed by reading the Yahoo headlines<g>..You did not understand the increase in notes placed from $400mm to $500mm was demand driven,oversubscription,,investors wanted those notes...As to the convertible,,come on,,are you hinting this was anything like TSIG's floorless? Obviously there is no similarities..
look, if you would like to discuss EXDS prospects for success,debt, revenue growth,,I would love it,,perhaps on the appropriate thread.The comparison I made was to managements compensation,I gave Ellen Hancocks for this purpose..TSIG could learn from EXDS,,you will note that 6 months after the IPO the CEO stepped down and promoted Ellen,29 years with IBM,technology officer at Apple,,to take his dream and turn it into reality..bottomline Ms Hancock is a doer,"In an industry rife with blue-sky brainstorming, Hancock is more of a manager than a visionary, someone who focuses on getting projects done. "I'm someone who's very concerned with process," she says."
The tie I draw can be illustrated by EXDS's acquistion of Cohesive,,obviously this was a topnotch company,,which TSIG did not capitolize on when it could have via their services..The second tie I draw is Ms Hancock taking over as CEO to bring the vision to light,a bold move by the founder..It is my opinion Gordon should do the same,,step down and bring a "doer" in to bring the vision(if you believe there is one) to light..TSIG has been raped and pillaged by current management,I don't think any among you can argue with that.
His being grossly overcompensated,IMO,,is an example,his rape of the outstanding share chest is another...sorry, rambling
here is an excellent article about Ellen Hancock.(2 pages,have to hit next page)
upside.com
Here is a research report from Wit,,if you are really interested in a discussion,,it is a must read.
witcapital.com
Z...Wits comments"Positive EBITDA in 1Q00. We project Exodus' top-line to grow at a 188% compounded annual growth rate from 1998 to 2003 and for cash flow (EBITDA) margins to reach 40% in out-years. We anticipate just over positive EBITDA in 1Q00 and positive operating earnings in 4Q00. "
(others are years away from this accomplishment,,if they ever even get there)
As to overvaluation it appears one manager agrees(at the bottom)
reesegroup.com
Of course the 26 analysts who have a buy or strong buy rating on EXDS don't agree<g>
later...sorry for the Off topic,,although I did think it was relevant
(no spelling check)..... |
