EDGR Status Update - I think they call this a break-out. ;)
I'm officially out as of today when I sold the last batch
I had sold some last Friday at a price above the current mkt price at the time and they were gobbled up. Did the same thing on Monday and, again, snapped up b/c someone wanted them badly. Sold a few more yesterday - but the difference was that there were no big buyers at all yesterday. Then, wham, bam, thank you mam, the stock broke out to a new 52 week high today and with that, I bid adieu. At this point, I don't see much upside left because it's current value is now priced at the future expectations coming to fruition.
Responding ToMessage #199 from Rutgers at 3/8/2006 5:25:41 PM
EDGR Status Update - the OBV continues to look very good, but I thought it was overbought as per my last message...so, in another effort to please the trading Gods, I took some more off the table at ~ $4.11. The good news is that the shares were snapped up in a nanosecond, which typically leads to an increase in p/p/s
Responding ToMessage #192 from Rutgers at 3/4/2006 8:42:58 AM
EDGR Status Update - the OBV continues to look very good, but I thought it was overbought as per my last message...so, just to avoid being a pig, I took some off the table at ~ $4.08.
Also, earlier this week, on March 1, 2006, Basil P. Regan reported a five percent (5%) ownership. My guess is that Mr. Regan has a higher ave. cost basis than the Midwood Capital kids (see below)
edgr.edgar-online.com.
Here's some background info on Basil Regan. He founded Regan Partners, L.P. in 1989 as a limited partnership that invests primarily in undervalued companies implementing new growth strategies as they realize their true wealth potential. Prior to founding Regan Partners, Mr. Regan held positions at several investment and portfolio management companies. He acted as Vice President and Director of Equity Research at Reliance Group Holdings. He was a Partner at PPN Partners, a Portfolio Manager at Steinhardt Partners and a Senior Vice President and Director of Research at The Madison Fund. Regan earned his B.A. from Colgate University and his M.B.A from Columbia University.
Last Feb. he made a similar filing on CBIZ at ~$4.20 - it is now close to $7
Responding To Message #178 from Rutgers at 2/10/2006 9:15:25 AM
EDGR Status Update - on Tuesday, Feb. 7, after the bell, EDGR reported Q4 results. I listened to the conf call. It was very, very good. The stock, which had run up prior to the earings announcement primarily on the news of the RR Donnelly deal
[on Jan. 31st, 2006, RR Donnelley Announces Exclusive Agreement With EDGAR Online to Process and File Financial Information Into XBRL Format]
...and continued to run afterwards on both Wed and Thursday. Obviously, imo, it is obviously overbought here, but this is, and always has been, a late 2006 story where I think a move through the magical $5 barrier could happen. So, at least for now and pending any new information that may develop, I am standing pat. Take a look at the solid OBV numbers recently below.
PRICES
Date Open High Low Close Volume Adj Close*
9-Feb-06 2.99 3.30 2.99 3.22 666,100 3.22
8-Feb-06 2.67 3.38 2.67 3.01 1,032,200 3.01
7-Feb-06 2.95 2.99 2.34 2.70 526,300 2.70
6-Feb-06 2.58 2.89 2.58 2.81 397,300 2.81
3-Feb-06 2.54 2.65 2.52 2.59 214,400 2.59
2-Feb-06 2.50 2.62 2.50 2.59 213,900 2.59
1-Feb-06 2.38 2.59 2.30 2.49 404,5002.49
31-Jan-06 2.10 2.37 2.09 2.34 537,7002.34
30-Jan-06 1.97 2.08 1.89 2.08 134,500 2.08
27-Jan-06 1.86 2.00 1.86 1.94 79,700 1.94
26-Jan-06 1.98 2.01 1.81 1.93 80,500 1.93
25-Jan-06 2.00 2.09 1.94 2.00 172,500 2.00
24-Jan-06 2.08 2.12 1.99 2.02 155,900 2.02
23-Jan-06 2.30 2.30 2.04 2.10 116,600 2.10
20-Jan-06 2.27 2.43 1.85 2.25 157,300 2.25
19-Jan-06 2.15 2.38 2.15 2.30 170,900 2.30
18-Jan-06 2.01 2.20 1.98 2.20 458,800 2.20
17-Jan-06 1.95 2.06 1.95 2.00 79,500 2.00
13-Jan-06 2.03 2.03 1.87 1.94 82,900 1.94
12-Jan-06 1.96 2.06 1.90 2.00 249,200 2.00
11-Jan-06 1.63 1.93 1.63 1.92 261,300 1.92
10-Jan-06 1.62 1.68 1.62 1.67 35,700 1.67
9-Jan-06 1.74 1.76 1.64 1.72 17,900 1.72
6-Jan-06 1.69 1.77 1.69 1.77 43,900 1.77
5-Jan-06 1.73 1.74 1.68 1.74 23,000 1.74
4-Jan-06 1.71 1.78 1.61 1.78 11,400 1.78
3-Jan-06 1.83 1.83 1.67 1.77 22,000 1.77
30-Dec-05 1.56 1.83 1.56 1.82 302,600 1.82
29-Dec-05 1.80 1.81 1.70 1.79 86,100 1.79
28-Dec-05 1.71 1.83 1.71 1.81 75,000 1.81
27-Dec-05 1.78 1.80 1.69 1.80 93,600 1.80
23-Dec-05 1.85 1.85 1.75 1.80 106,800 1.80
22-Dec-05 1.69 1.98 1.69 1.88 197,100 1.88
21-Dec-05 1.71 1.73 1.69 1.73 38,100 1.73
20-Dec-05 1.59 1.77 1.54 1.73 65,900 1.73
19-Dec-05 1.85 1.85 1.73 1.76 45,700 1.76
16-Dec-05 1.91 1.91 1.79 1.85 99,900 1.85
15-Dec-05 1.88 1.92 1.85 1.86 41,100 1.86
14-Dec-05 1.86 1.92 1.85 1.90 58,000 1.90
13-Dec-05 1.93 1.98 1.86 1.90 247,500 1.90
12-Dec-05 1.86 1.92 1.84 1.92 67,400 1.92
9-Dec-05 1.90 1.95 1.83 1.90 107,500 1.90
8-Dec-05 1.98 2.00 1.88 1.94 50,000 1.94
7-Dec-05 1.90 1.98 1.90 1.95 39,600 1.95
6-Dec-05 1.87 1.89 1.77 1.89 37,600 1.89
5-Dec-05 1.90 1.95 1.90 1.92 16,300 1.92
2-Dec-05 2.00 2.00 1.90 1.95 55,000 1.95
1-Dec-05 1.94 2.10 1.91 2.03 202,900 2.03
30-Nov-05 1.82 1.91 1.75 1.91 167,500 1.91
29-Nov-05 1.74 1.80 1.74 1.80 43,400 1.80
28-Nov-05 1.72 1.74 1.70 1.74 70,200 1.74
25-Nov-05 1.72 1.75 1.66 1.66 22,300 1.66
23-Nov-05 1.67 1.77 1.67 1.75 61,800 1.75
22-Nov-05 1.61 1.68 1.61 1.67 130,400 1.67
21-Nov-05 1.63 1.69 1.58 1.66 18,800 1.66
18-Nov-05 1.58 1.73 1.57 1.67 62,200 1.67
17-Nov-05 1.58 1.63 1.54 1.63 55,200 1.63
16-Nov-05 1.62 1.65 1.58 1.59 76,700 1.59
15-Nov-05 1.67 1.70 1.60 1.67 112,000 1.67
14-Nov-05 1.69 1.86 1.64 1.67 185,500 1.67
11-Nov-05 1.76 1.80 1.70 1.74 64,400 1.74
10-Nov-05 1.78 1.81 1.70 1.77 141,100 1.77
9-Nov-05 1.78 1.80 1.65 1.77 133,100 1.77
8-Nov-05 1.84 1.95 1.68 1.78 387,000 1.78
7-Nov-05 1.61 1.82 1.60 1.76 296,600 1.76
4-Nov-05 1.71 1.71 1.54 1.63 186,600 1.63
EDGAR Online Fourth Quarter Subscription and Data Sales Increase 19% Tuesday February 7, 4:05 pm ET
Total Revenues Increase 12%
SOUTH NORWALK, Conn., Feb. 7 /PRNewswire-FirstCall/ -- EDGAR® Online®, Inc. (Nasdaq: EDGR - News), today announced that its core business -- subscription and data sales -- increased 19% to $3.6 million for the quarter ended December 31, 2005, compared to $3.0 million for the same quarter last year. Total revenue increased 12% to $3.7 million for the fourth quarter of 2005 compared to $3.3 million for the fourth quarter of 2004, despite a $206,000 decrease in the Company's technical services business which ceased in the third quarter of 2005. EDGAR Online is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals.
EDGAR Online reported a 10% increase in total revenue to $14.2 million for the year ended December 31, 2005 compared to $12.9 million in 2004. Subscription revenue increased 20% to $8.3 million for the year ended December 31, 2005 compared to $6.9 million in 2004, and data sales improved 14% to $5.2 million for the year ended December 31, 2005 compared to $4.6 million in 2004. Together, the increases in these segments resulted in a year-over-year 17% increase in the Company's core business. Deferred revenue increased 34% to $3.5 million at December 31, 2005 compared to $2.6 million at the end of 2004. Deferred revenue represents amounts already billed to customers that will be recognized as revenue in future quarters as the Company's subscription and data products are utilized. The Company expects deferred revenue to increase in the first quarter of 2006 due to seasonally high billing and expected growth of sales of I-Metrix(TM), the Company's suite of eXtensible Business Reporting Language (XBRL) products and services.
The Company's current business highlights include the following:
* Launched I-Metrix Professional, I-Metrix Architect and I-Metrix Vision
products;
* Completed the XBRL tagging of more than 8,000 U.S. public companies'
financial statements;
* Entered the processing and input business with the launch of I-Metrix
Xcelerate;
* Acquired Japanese and Chinese XBRL-tagged company financial statements;
* Entered into a partnership with R.R. Donnelley & Sons Company to
process and file financial information in the XBRL format; and
* As of February 7, 2006, sold more than $900,000 in total contract value
since the introduction of the I-Metrix suite of products to customers
in the corporate, financial and advisory markets.
Susan Strausberg, EDGAR Online's president and CEO, said, "During the past year, we have made tremendous strides in positioning the Company for accelerated growth by introducing I-Metrix output products which have significantly increased our addressable market. The recent entry into the input business (preparing financial statements in XBRL) with I-Metrix Xcelerate has approximately doubled the size of our potential market. We believe that our core business will sustain its current growth rate and high gross margins and we will focus our efforts in 2006 on increasing sales and enhancing functionality of our product offerings."
Quarterly and annual gross margins were consistent at 85% for both the current periods and the same periods in the prior year. The Company expects gross margins to continue to exceed 80% in future periods.
Operating loss was ($1.7 million), or ($0.07) per share, for the fourth quarter of 2005 compared to an operating loss of ($1.0 million), or ($0.05) per share, for the same quarter last year. Operating loss for the full year was ($5.5 million), or ($0.23) per share, compared to an operating loss of ($3.4 million), or ($0.17) per share, last year. The increase in operating loss from the prior year reflects the Company's continued increases in product development and sales and marketing expenses associated with the launch of the I-Metrix suite of products.
Net loss for the fourth quarter was ($1.7 million), or ($0.07) per share, compared to a net income of $197,000, or $0.01 per share, in the same quarter last year. Net loss for 2005 was ($5.4 million), or ($0.23) per share, compared to a net loss of ($2.2 million), or ($0.11) per share, in 2004. Net income for the fourth quarter of 2004 included a $1.2 million benefit from the settlement of a lawsuit.
At December 31, 2005, cash and equivalents and short term investments totaled $5.3 million compared to $4.7 million at December 31, 2004. The Company has no debt other than normal operating payables and accrued expenses.
Here's the link: biz.yahoo.com
EDGAR Online Announces a Channel Agreement with RR Donnelley as a Marketer and Reseller of I-Metrix Service
Thursday February 9, 6:30 am ET
Magnifies Sales Reach for EDGAR Online and Enhances RR Donnelley Financial Services' Solutions for Public Companies
SOUTH NORWALK, Conn.--(BUSINESS WIRE)--Feb. 9, 2006--EDGAR® Online®, Inc. (Nasdaq: EDGR - News), announced today a limited exclusive sales and marketing agreement with R.R. Donnelley (NYSE: RRD - News) through which the RR Donnelley global sales force will offer EDGAR Online's I-Metrix(TM) suite of eXtensible Business Reporting Language (XBRL) products to RR Donnelley's customers and prospects.
I-Metrix provides accurate, timely and detailed financial information, to corporate, financial services and advisory firms. I-Metrix embodies the vision of "interactive data" championed by SEC Chairman Christopher Cox in his recent statements.
The RR Donnelley and EDGAR Online alliance combines EDGAR Online's expertise in providing value-added business and financial information with RR Donnelley's preeminence in financial printing and filing services. The agreement will create incremental revenue for both companies as part of a broader relationship based on meeting the XBRL processing and analytical needs of public companies.
Here's the link: biz.yahoo.com
Douglas K. Mellinger has joined the Company's Board of Directors and Company Promotes Staff Member
Wednesday February 8, 4:05 pm ET
SOUTH NORWALK, Conn.--(BUSINESS WIRE)--Feb. 8, 2006--EDGAR® Online®, Inc. (Nasdaq: EDGR - News) today announced that Douglas K. Mellinger has joined the Company's Board of Directors.Mellinger is currently vice-chairman and co-founder of Foundation Source, a provider of support services for private foundations. Prior to assuming his full-time responsibilities with Foundation Source in August 2001, Mellinger was a partner with Interactive Capital Partners, an investor and investment banker for early-stage technology companies, and the founder and CEO of Enherent (Nasdaq:ENHT - News), a global software development and services company. Mellinger has served as both the national and international director of the Association of Collegiate Entrepreneurs (ACE). In addition, Mellinger helped found the Young Entrepreneurs' Organization (YEO), and served as its international president in 1997 and 1998. Mellinger is a graduate of Syracuse University.
Here's the link: biz.yahoo.com
Responding To Message #167 from Rutgers at 1/31/2006 8:48:42AM
EDGR Update - RR Donnelley Announces Exclusive Agreement With EDGAR Online to Process and File Financial Information Into XBRL Format
Tuesday January 31, 6:30 am ET
Enhances RR Donnelley Financial Services' SEC Compliance Solutions for Public Companies
CHICAGO, Jan. 31 /PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company (NYSE: RRD - News) and EDGAR® Online®, Inc. (Nasdaq: EDGR - News) announced today an exclusive agreement to offer to public companies a full service SEC compliance solution, available immediately, that processes financial information into eXtensible Business Reporting Language (XBRL) format.
This RR Donnelley and EDGAR Online relationship creates the leading source for enabling public companies proactively to respond to the SEC's recent call for increased use of interactive data.
EDGAR Online's XBRL expertise will enable RR Donnelley to prepare quarterly and annual financial statements in XBRL for submission to the SEC. This innovative service will enable clients to submit XBRL statements concurrently with their SEC filing or subsequently via a Form 8-K.
In January 2006, SEC Chairman Christopher Cox offered public companies an additional incentive to use XBRL, when he stated in a speech that, "Registrants who commit to filing in XBRL for a year, and to providing us feedback on their experiences, will get expedited reviews of their securities registrations."
Tom Juhase, RR Donnelley Financial Services Business Unit President, said, "We are pleased to introduce to our clients the enhanced capabilities offered by this pioneering collaboration. Industry leadership is a key strategic commitment for RR Donnelley. As did our participation as an early member of the XBRL Consortium, our collaboration with EDGAR Online allows us immediately to lower the XBRL adoption hurdles for our clients. Our preparedness for XBRL includes filing the first-ever EDGAR-filed documents containing extractable XBRL with the SEC in October 2002 -- on behalf of Microsoft and Morgan Stanley. Working with EDGAR Online enables us to move quickly as a new era of financial reporting begins."
Susan Strausberg, CEO and President of EDGAR Online, stated, "We are delighted to be working with RR Donnelley. Over the past several years our company has concentrated its resources on developing I-Metrix(TM), our new suite of XBRL-based products and services. I-Metrix enables deeper analysis of detailed financial data as found in SEC filings and is already in use by our clients in the corporate and investment communities. With our new relationship with RR Donnelley we will now be applying our expertise with XBRL to the regulatory sector of the supply chain."
XBRL is a standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain. XBRL complements XML, which is the universal format for data on the Web that uses tags (identifiers) to describe and deliver data from an application. XBRL allows accountants and other financial professionals and regulatory organizations to identify -- by a tag -- items unique to business information, such as financial statements.
RR Donnelley and EDGAR Online are long-time supporters of the XBRL Consortium's efforts to promote global awareness and adoption of XBRL. EDGAR Online, a founding member of the XBRL Consortium, has worked with the Consortium to develop the XBRL standard and taxonomies (industry data tags).
About RR Donnelley
RR Donnelley (NYSE: RRD - News) is the world's premier full-service provider of print and related services, including document-based business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, forms and labels, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at rrdonnelley.com .
biz.yahoo.com
Responding To Message #157 from Rutgers at 1/19/2006 8:27:21 AM
EDGR Update - Midwood Capital Reports 5.5% Edgar Online Stake >EDGR
9:54 AM EST January 18, 2006
<<WASHINGTON (Dow Jones)--Midwood Capital Management LLC reported a 5.5% stake in Edgar Online Inc. (EDGR), according to a Schedule 13D filed Wednesday with the Securities and Exchange Commission.
Midwood Capital said it acquired the shares based on its belief that the stock is "undervalued and represents an attractive investment opportunity." >>
Midwood Capital may also want to discuss "new strategies to create and maximize value."
-By Brian Coyle, Dow Jones Newswires; 202-862-3545
(END) Dow Jones Newswires
I just studied the Schedule 13D filed Wednesday and see that Midwood Capital beneficially owns 1,377,290 Edgar Online common shares for a total of $3,258,665.16 using cash from the Funds. According to my calcs, their ave. price per share is $2.37. This joint statement on Schedule 13D was filed by David E. Cohen, Ross D. DeMont, Midwood Capital Management LLC, Midwood Capital Partners, L.P. and Midwood Capital Partners QP, L.P., who are collectively referred to as the "Reporting Persons." Messrs. Cohen and DeMont the "Managers") are the managers of Midwood Capital Management LLC ("Capital"), which is the sole general partner of each of Midwood Capital Partners, L.P. ("LP") and Midwood Capital Partners QP, L.P. ("QP" and together with LP, the "Funds").
Responding To Message #151 from Rutgers at 1/12/2006 5:35:19 PM
EDGR - update - according to a post on Yahoo!, Westminster Securities Corporation has today published an analyst report covering Norwalk, Connecticut-based EDGAR Online, Inc. with a "Buy" Investment Rating (upgraded from "Sell") and a Risk Rating of "Speculative."
finance.messages.yahoo.com.
FROM PRIOR POST at 1/11/2006 5:53:48 PM
Quick EDGR follow-up - right after my last post, a brand "new" news story hit the wires from Reuters
SEC offers speedy reviews to companies in tech test
Wed Jan 11, 2006 05:15 PM ET
By Joel Rothstein
WASHINGTON, Jan 11 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday said it will expedite reviews of registration statements and annual reports for companies that participate in a voluntary technology initiative.
Last February, the SEC began accepting financial filings on a voluntary basis to test an interactive data format called XBRL, or extensible business reporting language.
The SEC has said it hopes the new format will enhance users' ability to search the filings database, extract and analyze data, perform financial comparisons within industries and speed up the commission's review of filings.
Using a tagged financial filing, an analyst could easily transfer the data to a Microsoft Excel spreadsheet or similar analytical tool, rather than having to read the data in text form and retype the information, according to XBRL advocates Microsoft Corp.(MSFT.O: Quote, Profile, Research) , Morgan Stanley (MWD.N: Quote, Profile, Research) , PR Newswire and Reuters Group Plc (RTR.L: Quote, Profile, Research) (RTRSY.O: Quote, Profile, Research) , which have joined together to promote the new technology.
....
Here's the key quote, which happens to come from the EDGR rep:...."According to Robert Krugman, director of analytical solutions for EDGAR Online, companies will not have to learn the new technology format. Instead, they will submit documents to their filing agents as they do today who will then work with the EDGAR Online tools to complete the conversion to the new interactive data format."
If you want to read the entire article, go here:
yahoo.reuters.com.
FROM PRIOR POST at 1/11/2006 5:22:20 PM
EDGR
Today's announcement: biz.yahoo.com
EDGAR(R) Online(R) Announces I-Metrix(TM) Xcelerate, Delivering XBRL Processing Services
Wednesday January 11, 7:00 am ET
SOUTH NORWALK, Conn.--(BUSINESS WIRE)--Jan. 11, 2006--EDGAR® Online®, Inc. (Nasdaq: EDGR - News) announced today that it has extended its I-Metrix(TM) product suite to include I-Metrix Xcelerate, enabling filing agents, exchanges and regulators to process content into an eXtensible Business Reporting Language (XBRL) format.
EDGAR Online President and CEO Susan Strausberg said, "We are leveraging the proprietary processes and techniques that we have developed while converting seven years and thirty quarters of U.S. fundamental data into XBRL format. This allows us to meet the needs of filing agents, regulators and exchanges within the U.S. market and internationally."
Strausberg continued, "Our services enable more organizations to see the benefits of XBRL without reengineering current workflows - which can be a costly endeavor. The creation of valid XBRL documents is a complex process and EDGAR Online brings unique expertise to the task, as we are the only organization that currently offers 30 fiscal quarters of standardized XBRL-tagged financial information to the U.S. market place."
In early December 2005, Gartner Research published a report entitled "EDGAR Online Provides New Investment Analysis Capabilities With XBRL-Tagged Data." The author stated, "Extensible Business Reporting Language (XBRL) can improve the quality and efficiency of investment analysis. What has been missing is XBRL-tagged data for analysis." A copy of the Gartner Research report can be found at www.edgar-online.com.
Although XBRL filings with the SEC are currently voluntary, recent comments by SEC Chairman Christopher Cox indicate that XBRL could play a major role in the modernization of SEC systems. At a December, 2005 meeting hosted by the AICPA, Cox called the use of XBRL "an extraordinarily important initiative" that will shape the future of financial reporting. He also called it one of his top priorities.
Cox said that the interactive data XBRL creates "will lead to vast improvements in the quality, timeliness and usefulness of information that investors get about the companies they're investing in." He also stated "XBRL will do for business reporting what bar coding did for product distribution."
EDGAR Online is a founding member of the XBRL Consortium. Over the past five years it has worked with the Consortium on the development of the standard, the taxonomies (industry data tags) and global awareness of XBRL.
Information about EDGAR Online's new XBRL processing service, I--Metrix Xcelerate, is available by calling (888) 870-2316 (toll-free in the U.S and Canada) or (212) 457-8200.
Yesterday's news article:
Is EDGAR Headed for XBRL?
By Paul Allen
January 06, 2006
Interactive data is a phrase you can expect to hear a lot from the Securities and Exchange Commission. Having issued a request for information (RFI) in October 2005 to help it assess the benefits that interactive data formats such as eXtensible Business Reporting Language (XBRL) can provide, on Nov. 21, the SEC released a draft request for proposals (RFP) for a new contract to overhaul its Electronic Data Gathering, Analysis and Retrieval (EDGAR) system and enable it to embrace interactive data. The draft RFP provides the basis for preliminary discussions with the software industry and will be followed by a final RFP, in mid-January.
EDGAR is the mainstay of the SEC's disclosure program. Approximately 700,000 filings received by the SEC each year from corporate securities issuers and investment companies flow through EDGAR - providing a repository of information accessible to the public. As the SEC nears the end of its eight-year agreement with Northrup Grumman for the service and maintenance of EDGAR, it is seeking to enter into a new contract - expected to be awarded by midsummer - for future support, with the expectation that the system will require a redesign to allow it to handle an increase in filings that use interactive formats, such as XBRL.
Read the rest of the article here:
financetech.com |
