Tag Archives: Internet
Big Year Ahead For Social Media And Internet IPOs
Earlier this week, I talked about the successful IPO of Millennial Media (MM). Remember, the stock doubled on the first day of trading. And while MM has given back some of the gains, the shares are still trading at well above the IPO price.
So what other exciting social media and internet IPOs are coming up this year?
Sirius XM Satellite Radio Beats Pandora Internet Radio
By Little Apple:
A lot of investors compare Sirius XM Radio (SIRI) and Pandora Radio (P) and many come out in favor of Pandora because it is free to listen to while Sirius XM charges a monthly fee of around $ 15 a month. I agree that it is a fair comparison when you compare Sirius internet radio with Pandora internet radio. But to compare Pandora internet, and even Sirius XM internet radio to Sirius XM satellite is just plain wrong. There is really no comparison.
Many listeners have all three services. I am one of those. First I got a portable 2.0 Edge radio for the car with a Sirius XM subscription of $ 12.99 a month. Then I got a Pandora app for my IPhone 4 to listen to when I was inside and not in my car. But when the Sirius iPhone internet radio app came out, I added it to my
CPF Update: No Internet for a Month?
Getting Started Series
First I want to thank everyone for the great feedback I received about the series. It was great hearing from so many of you about how it helped!
If you have feedback (good or bad) or ideas to make the course more helpful send me an email – I want to hear your ideas!
When I return (more on this in a minute) I will organize the series in an easily digestible format for those who want to go through the whole thing. But for now you can access all the posts in the series by clicking here.
201 Course on Blogging
Part of what is going to make this break (see below) so refreshing is the fact that is follows a crazy hectic January that included the launching of my (and Jonathan’s) 201 Blogging Course.
This Internet Stock Could Gain 50% in 2012
Do analysts price targets matter? You bet. Any time you see a big gap between rational assessments of fair value and the current share price, it pays to dig deeper.
Roughly 18 months ago, this is precisely why I saw value in shares of travel site Priceline.com (Nasdaq: PCLN). Back then, I noted on InvestingAnswers.com that shares of Priceline.com looked oversold at $ 180, since analysts were suggesting much higher price targets. And you could count on those analysts to talk up the stock in repeated meetings with clients.
At the time, I thought shares look poised to rebound to the $ 230 to $ 260 range, where analysts suggested the stock would ultimately reside. I was a bit shy of the mark — shares eventually made a move to $ 550.
The huge run implies investors have missed the boat. But now, after dropping $ 100 in the past month back to about $ 450, those same Wall Street analysts once again see a lot more upside, anticipating 30%, 40% or even 50% gains in the next year. Let's see why they're so bullish on the stock…
Michael Millman, of Millman Research, has a $ 585 price target on Priceline. He is actually one of the least bullish analysts following the company. He is concerned about "being overconfident about Priceline's ability to continually and substantially beat guidance — despite management's warnings." He's got a point; Priceline has topped earnings per share (EPS) forecasts by roughly $ 0.60 in each of the past two quarters, and this kind of outperformance comes to be expected by momentum investors. So if Priceline.com simply met analysts' forecasts in the current quarter, then shares may see further profit-taking. Still, his price target is nearly 30% above current levels.
