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Newegg.com withdraws IPO

renaissancecapital.com

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Re: Newegg.com withdraws IPO

#21

Post by truthout »

billmcneale wrote: post #20
truthout wrote: post #13

Earlier quoted context omitted.

He's saying the stock doubled in its first day of trading. Meaning the shares were offered at a price. The company sold shares at that price. The same day the value of those shares doubled. So tr market is saying the shares are worth double of the IPO (initial public offering) price. This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic. Anyone who buy…

> This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic. Google more than tripled in the first two months that followed its IPO and it's been trading steadily at ~$550 (IPO: $87) for several years. > Anyone who buys LinkedIn is retarded. Obvious shorter is obvious.

LNKD's p/e ratio is 1318 http://finance.yahoo.com/q?s=LNKD&ql=0

GOOG's p/e ratio is 20 http://finance.yahoo.com/q?s=GOOG&ql=0

Do not construed this as an opportunistic swing at LinkedIn to make money. This is basic market fact. Do you know of a stock that trades with a p/e of 1,300?

How can you make such an extraordinary claim that my analysis had ulterior motives when anyone with any knowledge of the market and the metrics of valuing stocks would know for sure that LinkedIn was overpriced not by magnitudes of 2 or 10 but by a magnitude of 100.

The stock shouldn't be trading much more than 8. But the market will remain irrational longer than the individual solvent.

Re: Newegg.com withdraws IPO

#22

Post by mortenjorck »

orijing wrote: post #16

How much of a competitive disadvantage are they at relative to Amazon due to the sales tax situation? Speaking of which, how many people actually report and pay the use taxes on purchases from Amazon?...

Illinois just added a new line to its income tax form in which it is implied "ok, you bought stuff online and didn't keep track of it because you never wanted to pay this stupid tax anyway. So here, just look up your base income on this five-line table and that's what we'll call your use tax for the year."

To my knowledge, California already does this, as well as a few other states. This leads me to believe that the ongoing battle over Internet sales tax may have found a compromise at this point in flat-fee use taxes.

Re: Newegg.com withdraws IPO

#23

Post by ahi »

mortenjorck wrote: post #22
orijing wrote: post #16

How much of a competitive disadvantage are they at relative to Amazon due to the sales tax situation? Speaking of which, how many people actually report and pay the use taxes on purchases from Amazon?...

Illinois just added a new line to its income tax form in which it is implied "ok, you bought stuff online and didn't keep track of it because you never wanted to pay this stupid tax anyway. So here, just look up your base income on this five-line table and that's what we'll call your use tax for the year." To my knowledge, California already does this, as well as a few other states. This leads me to believe that the…

I actually managed to do my taxes early this year, but I think I remember Michigan giving the option of stating how much you owe, or if you're not sure paying $50. I'm sure a lot of people just put in $0 for how much they owe. I figured it was worth $50 to get rid of the 1 in a million chance that lying came back to bite me in the ass.

Re: Newegg.com withdraws IPO

#24

Post by wanderr »

ck2 wrote: post #3

I wonder what that was about. They are only second to Amazon in customer service quality IMHO.

And with quicker shipping. If Amazon and Newegg have something for the same price, or the difference is just a few dollars, I go with Newegg every time.

Re: Newegg.com withdraws IPO

#25

Post by ahi »

I spent much of last weekend pricing out a custom build workstation and was having trouble finding a source other than newegg. Amazon is a disorganized mess when it comes to fulfilling very specific hardware needs. TigerDirect is just skeezy. Seems like they should have it made.

Re: Newegg.com withdraws IPO

#26

Post by orijing »

mortenjorck wrote: post #22
orijing wrote: post #16

How much of a competitive disadvantage are they at relative to Amazon due to the sales tax situation? Speaking of which, how many people actually report and pay the use taxes on purchases from Amazon?...

Illinois just added a new line to its income tax form in which it is implied "ok, you bought stuff online and didn't keep track of it because you never wanted to pay this stupid tax anyway. So here, just look up your base income on this five-line table and that's what we'll call your use tax for the year." To my knowledge, California already does this, as well as a few other states. This leads me to believe that the…

A flat use tax is the equivalent of no use tax at all in terms of purchase incentives.

How does compromise address the competitive discrepancies?

Re: Newegg.com withdraws IPO

#27

Post by baddox »

wanderr wrote: post #24
ck2 wrote: post #3

I wonder what that was about. They are only second to Amazon in customer service quality IMHO.

And with quicker shipping. If Amazon and Newegg have something for the same price, or the difference is just a few dollars, I go with Newegg every time.

That was the case, before Amazon Prime.

Re: Newegg.com withdraws IPO

#28

Post by beedogs »

billmcneale wrote: post #20
truthout wrote: post #13

Earlier quoted context omitted.

He's saying the stock doubled in its first day of trading. Meaning the shares were offered at a price. The company sold shares at that price. The same day the value of those shares doubled. So tr market is saying the shares are worth double of the IPO (initial public offering) price. This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic. Anyone who buy…

> This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic. Google more than tripled in the first two months that followed its IPO and it's been trading steadily at ~$550 (IPO: $87) for several years. > Anyone who buys LinkedIn is retarded. Obvious shorter is obvious.

Because a company that made $12m last year should have a market cap of $8.5B? It's unrealistic to think otherwise? And anyone who does so is obviously trying to affect its share price ... via posts to a low-volume Internet message board?

I'm not sure I follow your logic here.

Re: Newegg.com withdraws IPO

#29

Post by billmcneale »

truthout wrote: post #21
billmcneale wrote: post #20

Earlier quoted context omitted.

> This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic. Google more than tripled in the first two months that followed its IPO and it's been trading steadily at ~$550 (IPO: $87) for several years. > Anyone who buys LinkedIn is retarded. Obvious shorter is obvious.

LNKD's p/e ratio is 1318 http://finance.yahoo.com/q?s=LNKD&ql=0 GOOG's p/e ratio is 20 http://finance.yahoo.com/q?s=GOOG&ql=0 Do not construed this as an opportunistic swing at LinkedIn to make money. This is basic market fact. Do you know of a stock that trades with a p/e of 1,300? How can you make such an extraordinary claim that my analysis had ulterior motives when anyone with any knowledge of the market and the…

> LNKD's p/e ratio is 1318 http://finance.yahoo.com/q?s=LNKD&ql=0 GOOG's p/e ratio is 20 http://finance.yahoo.com/q?s=GOOG&ql=0

Are you seriously comparing the P/E of a company that's been public for four days with one that's been public for seven years?

Re: Newegg.com withdraws IPO

#30

Post by trafficlight »

ahi wrote: post #25

I spent much of last weekend pricing out a custom build workstation and was having trouble finding a source other than newegg. Amazon is a disorganized mess when it comes to fulfilling very specific hardware needs. TigerDirect is just skeezy. Seems like they should have it made.

I completely agree. I don't buy parts from anywhere but Newegg unless I absolutely have to.

And I just signed up for Shoprunner.com since Newegg joined them. $79/year for 2 day shipping on most everything Newegg carries. Where's your Amazon Prime now?

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