Mark Rowen
Mark Rowen
believe company contract earnings expected growth higher multiple negative percent range rates revenue share until
With 2001 revenue growth rates now expected to be in a range of 9 to 18 percent and earnings per share growth expected to be negative 12 to 33 percent, we believe Yahoo!'s price-earnings multiple will contract until the company is able to demonstrate significantly higher growth rates.
believe companies highly investors provide shares upside valued
Therefore, if Yahoo! shares are to provide investors with significant upside potential, then we believe it will have to become one of the most highly valued companies in the world.
active challenges company customer enormous high increases lifetime massive rates value
In our opinion, such massive increases in active customers, coupled with massive increases in lifetime value, will be enormous challenges for a company with such high rates of customer defection.
billion consumer firm hard high implicit product remaining rest segments toys understand value valued
In our view, the remaining $2.7 billion of firm value is an implicit valuation for the rest of the product categories. We find it hard to understand why segments such as consumer electronics and toys should be valued at such a high level.
additional alignment available believe benefits both calls either higher key lack online physical plan position possible product question sales stores toys
The higher out-of-stock position suggests that either Toys 'R' Us is not allocating additional product to its online store, or that sales at both the online and physical stores are significantly higher than plan and Toys 'R' Us does not have available inventory, ... We believe it calls into question one of the key benefits of the Amazon/Toys 'R' Us alliance, and suggests a possible lack of alignment between the partners.
expect faster good internet
pretty good for a traditional retailer, but for an Internet company, we would expect much faster growth.
agency company create largest merger online powerful price retail travel
We think that this merger is going to create a very powerful company. It's the largest online travel agency in the largest online retail sector. We think at these price levels, it is severely undervalued.
affordable appear center declines few holiday past percent price prices ready stage television
New television technologies appear ready to take center stage this holiday season, as price declines of 20 percent to 30 percent per annum over the past few years have made flat-panel big-screen prices affordable to upper-middle-class and even middle-class households,
dependent launch truck whether
Basically, (GM) is dependent on the new truck launch and whether it's accepted,
boost given harry release sales sixth store surprised
We were surprised that (comparable store sales) were not stronger, given the boost from the release of the sixth Harry Potter.
best consumers love sites
They clearly, the two of them, have the best sites out there; consumers love going there and booking their own business,
balance grow improve lose money revenue shown
They've shown that they can grow revenue and lose a lot of money and they've shown that they can improve economics, but that slows revenue growth. They're going to have to find a balance to do both.
above awesome business extremely head internet leader model opinion profitable shoulders stands
Yahoo! in our opinion is the hands-down leader in the Internet portal space. It is well run, extremely profitable and its awesome business model stands head and shoulders above most Internet companies.
amusing believe closer future light market moving note prospects ratio tunnel
We believe we're moving ever closer to the light at the end of the valuation tunnel on eBay. We find it interesting and amusing to note that as investors' risk/reward ratio had dramatically improved, the market has become increasingly jittery about the future prospects for eBay.