Published: January 24, 2019
Our Winners/Finalists hail from Australia, Germany, Mexico, Switzerland, and across the United States. Their research covers businesses in the US (7), the UK (5), Canada (2), and South Korea (1). Results have been determined by an independent panel of 24 senior fund managers and asset allocators ...
Published: May 02, 2016
Today LinkedIn announced a merger deal with Microsoft in which the professional network will be acquired for $196/share cash. The transaction is expected to close at the end of this year. SumZero did a quick follow up with Selective Wealth Management PM Chris Devlin who originally pitched LNKD on...
Published: June 25, 2015
When Groupon went public, it was generating nearly all of its revenues through local coupons and deals. The company acted as a middleman by allowing merchants to offer special deals to its user base, achieving gross margins upwards of 80% in the process. However, this business model had very litt...
Published: February 13, 2014
Based on my analysis, I expect LNKD to trade around $590, or at a 29% annualized return over the next 4 years, implying a 0.5x - 0.6x PEG ratio. The Company's continued use of Page views as a key metric constricts CPM. I believe the market underestimates and is overly cautious on the ramp for mob...
Published: September 06, 2012
Facebook shares sank after BMO Capital analyst Daniel Salmon wrote that many advertisers appear to be reducing the amount of money they're spending on the website. Two out of every three advertisers contacted by Salmon divulged information that was negative for the stock, the analyst wrote.
Published: September 06, 2012
Facebook shares sank after BMO Capital analyst Daniel Salmon wrote that many advertisers appear to be reducing the amount of money they're spending on the website. Two out of every three advertisers contacted by Salmon divulged information that was negative for the stock, the analyst wrote.
Published: August 22, 2012
Since Third Point first disclosed its position in September 2011, three key overhangs in Yahoo! stock– lack of strategic direction, dysfunctional Board of Directors and unsubstantiated Alibaba valuation – have been addressed, two of which were the direct result of Third Point’s involvement (the s...
Published: July 31, 2012
"Facebook is by far the most attractive short I have seen with a market cap in excess of $1 billion. The current valuation implies Facebook is one the highest quality and fastest growing companies in the world. In reality, the company has a poor track record of monetizing user activity, and its g...
Published: July 31, 2012
"Facebook is by far the most attractive short I have seen with a market cap in excess of $1 billion. The current valuation implies Facebook is one the highest quality and fastest growing companies in the world. In reality, the company has a poor track record of monetizing user activity, and its g...
Published: June 28, 2012
I believe we’re about to see LinkedIn’s first crack with 2Q earnings. I expect the firm to report revenue growth in line with its guidance and consensus for the first time in its public history.
Published: June 07, 2012
<em>Chris Karlin</em>: The most compelling opportunities right now in my opinion are in Japan and Korea. I am finding plenty of companies in those markets with solid balance sheets, a track record of profitability and high free cash flow yields that are priced well below liquidation value. While ...
Published: June 07, 2012
<em>Chris Karlin</em>: The most compelling opportunities right now in my opinion are in Japan and Korea. I am finding plenty of companies in those markets with solid balance sheets, a track record of profitability and high free cash flow yields that are priced well below liquidation value. While ...