Consumer

Whirly lollipop on orange background.

Facebook Impressions & Implications

Stock Capsule: Good for $LNKD and $ZNGA. Bad for $GRPN, $YELP, $RLOC. First of all you can’t help but notice how Facebook has taken a very consumer marketing approach to their roadshow. It’s in a kind of “mockumentary” format. As an aside their use of Flash puts a little positive spin on one of Adobe’s…

Keep Reading
Whirly lollipop on orange background.

Funny Friday – Finally! A Crab Play

Ignite Restaurant Group ($IRG) is on the road telling their story. It’s not a bad one but there is some comedy value here. The company owns the Joe’s Crab Shack chain of restaurants. They also have a few Brick House Taverns but it’s not really the story. There are plenty of good restaurant invest successes…

Keep Reading
Whirly lollipop on orange background.

Tumi ($TUMI) Well Packed and Durable

We just completed our pre-IPO note for Tumi (TUMI $15 to 17). It’s a high quality company that should attract quite a bit of demand from investors. Especially after the sizzling success of both Vera Bradly ($VRA – $27) which peaked at $50 and did a secondary offering and Michael Kors ($KORS – $43) which…

Keep Reading
Whirly lollipop on orange background.

Primo Water Reaches for Some SodaStream Sparkle

Primo Water and SodaStream both went public around October of 2010. At the time we posted a note comparing them entitled: Still or Sparkling? So far it’s been sparkling by a landslide. Since their IPO at $12 Primo (PRMW) has declined to a mere $2.75/share while SodaStream (SODA) is up 60% from their IPO price…

Keep Reading
Whirly lollipop on orange background.

Peak Resorts Notes

Peak Resorts is a a well established and fairly stable owner and operator of smaller ski resorts that cater to day and overnight skiers. The company was started in the early 1980’s by the current CEO who was in the golf course business and wanted to find something to do in the winter months. Peak…

Keep Reading
Whirly lollipop on orange background.

Hot Chocolate with Mini Marshmallows

[This is the text of the full February 1 2011 Candygram.] Blankets of snow may have slowed much of the Northeast in January but the IPO fires have burned brightly. Six new deals filed in the last two weeks including the much-anticipated LinkedIn as well as two others of special interest, Skullcandy and RPX Corp.…

Keep Reading
Whirly lollipop on orange background.

Demand Media, Nielsen & NeoPhotonics

Demand Media leads the IPO charge in 2011 with a strong pricing last night at $17, although many have argued about the virtue of what they do and fretted about whether Google might be “declaring war” on the company and changing their search algorithms to exclude some content from Demand Media sites.  Still, the success…

Keep Reading
Whirly lollipop on orange background.

Notes on Youku

We made a small survey of some users of Youku to get a sense of how people use it. This is just one of those casual things your research intern does during her trip home to China to spend the holidays with family and friends there. The short document of our findings is available via…

Keep Reading
Whirly lollipop on orange background.

A Peek at GM

GM is promoting their 1) lower risk profile, 2)global growth opportunities and 3)improved business model.  The message can be simplified along the lines “we are going to be a good car company.”  The longer version includes fewer brands, greater efficiency, better cars, an improved brand with higher prices and more durable  residual values. A few…

Keep Reading
Whirly lollipop on orange background.

Updated Tesla Report & Valuation

Tesla is nearing the end of the marketing phase of their IPO and the curent plan is to price the offering tomorrow, June 29th. (If market conditions permit.) Many recent IPO transactions that we have been following have been pricing below range (Broadsoft, Motricity, HigherOne, Fabrinet) so Tesla may be offered below the filing range…

Keep Reading