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Tableau stock down almost 50%

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Re: Tableau stock down almost 50%

#41

Post by andrewvc »

yelnatz wrote: post #21
andrewvc wrote: post #4

Earlier quoted context omitted.

If you've ever run tableau server, you know why.

Well, as some who doesn't can you enlighten me?

It takes an ungodly amount of resources to do not very much. It's very buggy, frequently the HTML charts time out or just break with no indication why. Upgrades require a lot of manual work. The javascript API is reasonably documented, but, again, buggy.

It's an unholy combination of rails and postgres somehow hacked to run on windows. Really, they should just ship a linux VM that runs these things decently.

Re: Tableau stock down almost 50%

#43

Post by femto113 »

jsprogrammer wrote: post #31
tjpd wrote: post #6

"Tableau Software tumbled 36% after management warned it was unlikely to realize benefits of certain tax assets. The news sent shares spiralling despite the software company's better-than-expected quarter. The company earned 33 cents a share, more than double estimates." Also their growth is down.

What is a tax asset?

Usually it was a loss in an earlier period that you've rolled forward to offset profits in a later period. They can expire though, so if you don't make a profit in time they become worthless. Companies carry them as an asset on their books until one or the other happens.

Re: Tableau stock down almost 50%

#44

Post by tootie »

pinaceae wrote: post #5

huge corrections under way, guarantee this is not the end, just the beginning. unicorn slaughter. upside: expect house prices in the SF bay area to become more affordable.

Tableau and LinkedIn aren't exactly early-stage startups. They have pretty established businesses.

Re: Tableau stock down almost 50%

#45

Post by patio11 »

jsprogrammer wrote: post #31
tjpd wrote: post #6

"Tableau Software tumbled 36% after management warned it was unlikely to realize benefits of certain tax assets. The news sent shares spiralling despite the software company's better-than-expected quarter. The company earned 33 cents a share, more than double estimates." Also their growth is down.

What is a tax asset?

Suppose hypothetically that you have an agreement from a firm to pay you money in the future. That agreement is carried on your business' books as an asset.

Your friendly neighborhood tax agency is a special case of firm, which can commit to paying you money in the future. One way they can do this is, when you lose money in year N, they can let you carry that loss forward for up to X years, so that when you're taxed on your income in year N+3 you might be able to offset some of that income with the loss you made years earlier, reducing the amount of tax you incur.

The guesstimated value of that offset in taxes is your tax asset. If your marginal rate is 30%, and you can offset $1 million in revenue, the implied value is +/- $300k. Importantly, if you guesstimate poorly or your friendly local tax agency decides to change rules on you in the interim, you have to adjust the value on your balance sheet. This can be problematic if the tax asset is a material portion of your notional value.

Re: Tableau stock down almost 50%

#46

Post by Riod »

tjpd wrote: post #36
headgasket wrote: post #11

Linkedin is down 38%. Tesla is down quite a bit. My guess is that some VCs were leveraged and had to liquidate positions. Free money from leverage does not look as good when equities go down... I think we are heading for a most violent year on the markets. Pharma and biothechs will most likely be the only bright spots, especially anti-anxiety drugs... :-) Keep plugging at building great software that actually helps m…

This is probably wrong. IMHO what looks like has happened is there are a handful of HN-relevant companies had weak earning announcements yesterday[1] after market close, and that is coupled with a weaker US jobs report [2], [3] today. The overall market is off and there are a handful of major drops for the companies mentioned but this is not some public tech market panic event (yet). That's not to say we're not due a…

Jobs report was good so usd shot up because the case for looser monetary policy harder to make.

Re: Tableau stock down almost 50%

#47

Post by smileysteve »

tjpd wrote: post #36
headgasket wrote: post #11

Linkedin is down 38%. Tesla is down quite a bit. My guess is that some VCs were leveraged and had to liquidate positions. Free money from leverage does not look as good when equities go down... I think we are heading for a most violent year on the markets. Pharma and biothechs will most likely be the only bright spots, especially anti-anxiety drugs... :-) Keep plugging at building great software that actually helps m…

This is probably wrong. IMHO what looks like has happened is there are a handful of HN-relevant companies had weak earning announcements yesterday[1] after market close, and that is coupled with a weaker US jobs report [2], [3] today. The overall market is off and there are a handful of major drops for the companies mentioned but this is not some public tech market panic event (yet). That's not to say we're not due a…

> that is coupled with a weaker US jobs report

Jim Cramer, et al are saying that it's the strength of the jobs report that is hurting. Because as long as unemployment is ~5% the Federal reserve might raise rates, opposed to if unemployment worsens, the fed might not.

Re: Tableau stock down almost 50%

#48

Post by rhino369 »

tomp wrote: post #34
pinaceae wrote: post #5

huge corrections under way, guarantee this is not the end, just the beginning. unicorn slaughter. upside: expect house prices in the SF bay area to become more affordable.

> upside: expect house prices in the SF bay area to become more affordable. Until the Chinese peg falls, I don't think you can. I mean, aren't SF house prices driver by Chinese investors about as much as by domestic Twitter millionaires?

It's probably supported by both. But if prices fall, that could lead to Chinese abandoning the market and dropping prices further.

Re: Tableau stock down almost 50%

#49

Post by tomasien »

I don't know what Tableau Software is and I found it pretty amazing that when I Google it I could still not figure it out because all the results were about the stock price. I think people might be focusing too much on stock price is Googling a company's name doesn't result in seeing the company's website on the first page of results.....

Re: Tableau stock down almost 50%

#50

Post by chollida1 »

Though the outcome is a bit worse than I think most predicted, this has been telegraphed since about November of last year. Tableau has had a very high short interest ratio for sometime, everyone was expecting poor results.

What really exacerbated their issue was that they didn't get out in front of this and let people know how bad they were going to miss. So when they released earnings everything went to shit on them.

I can't really find any excuse for this that passes Occam's razor except to assume this is a very rookie CFO /CEO combo in charge.

I made a comment about 3 months ago saying that 2010-2014 were very kind to new tech IPO's and 2016 would be the year that companies would have to either make money or face the consequences.

I'm following this over the next 2 weeks to see what the stock does. Its now a pretty good Pre-Merger Arbitrage(take over candidate) candidate.

- Market cap under 5 Billion, check

- Institutional owner ship > 50%, check

- Insiders hold less than 5% of the company, check,in fact its at 1.09%, wow, management doesn't even want to own the company!

- below its IPO price, not yet, that was $31 but its still falling.

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