Consumer

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Five Below Below IPO – Less Cool Price

Symbol – “FIVE” – 9.6M shares at $12-14 –> $125M deal, 50% primary, 50% secondary shares UPDATE: Looks like the price range is being raised to $15-17. Kind of ironic given their business mode… Books: Goldman, Barclays Jefferies | Cover: Credit Suisse, Deutsche Bank, UBS, Wells Fargo Basically a discount retailer with “fun things” that…

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Kayak finding a lane through the white water

Kayak IPO Begins It’s been a long time coming but Kayak has updated their IPO filing and is headed out for open waters. Their S-1 was filed back in November of 2010. The deal has been delayed multiple times due in no small part to a lack of company maturity, increasing competition from Google with…

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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…

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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…

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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…

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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…

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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…

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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….

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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. ┬áStill, the success…

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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…

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