I wish I would have jumped on TBIO when I first noticed the alert. It was $38.
Should we move it to Granny's shorts?
Should we move it to Granny's shorts?
GBA's "2021 Stock Phantasma"
- Thread starter stonedinvestor
- Start date
I don't know....
Here's a reddit thread. Sounds like a reasonably knowledgeable player.
----------------------
EagleTree Capital CRSR Possible Exit Strategies
Discussion
Before I start, I want to make it known that I am long CRSR and plan to continue buying shares. This post is ramblings about thoughts and questions that I have. The purpose of the post is to create discussion and hopefully gain some DD.
At this point, we all know that EagleTree owns a substantial amount of Corsair, and the offloading of shares has compressed the stock price. The real question is how long this lasts and how future/current investors "us" should proceed. I have researched both EagleTree Capital and Private Equity IPO exit strategy examples but haven't found anything I felt useful. From what I can tell, this is the first company that EagleTree has decided to take public. Part of me wants to take this information as "Bullish". I would love to hear everyone's thoughts.
I believe they must think that Corsair will continue to grow, and the stock will be able to withstand their continuous offloading of shares. Otherwise, taking the company public seems like a costly exit that would lower the IRR. If Corsair's growth is rapid, they can slowly offload shares at a rate that keeps the investors of the IV fund happy while still sucking out a 2% management fee.
There have been loads of speculation as to how many shares EagleTree will sell. I believe they will sell them all, entirely exiting the position. From what I can tell, that would be the reason for going public. I have no idea how long this process will take or the number of shares they will sell each time. Does anyone have insight into how this process has worked with other companies? Also, are there examples of private equity firms not selling their entire position?
How have other IPOs performed during a private equity exit? This information I was unable to find and would love some help.
Let's also take a quick look at the conspiracy around the MODs at WSBs deleting posts. I don't believe there is malicious intent but don't rule it out. So for those of you that believe something is going on, who is benefiting? Would it be an EagleTree competitor looking to limit the large sums of money EagleTree and their investors would make in a GME/AMC style run-up? (I probably watch Billions too much) Would it be investors, including the MODs, that are wanting to load up on more shares? What about EagleTree themselves? If they took CRSR public to milk management fees, it would be hard to explain to the IV fund investors why they were not closing out the position if the stock had a run-up. Just curious about the thoughts of those believing in a conspiracy.
TLDR... Tell me your thoughts on EagleTree and PE IPO exit strategies.
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I can’t make up my mind on the ET thing. Based on reading internet posts I’m convinced they are selling massive amounts of shares. They must be pretty smart. So why wouldn’t they utilize the retail buzz and allow it to climb to a higher point and then sell off making them a lot more money? Basically give it a new plateau and dramatically increase the gains of their sell off cycle? Maybe the rise last last week is a part of that idk. I don’t get their strategy if the posts I’ve read are to be believed.
I think I’ll adjust my strat based on the action next week. If it locks back around 32 I’ll prob vacate my position and avoid the dead money situation. Hope to get back in when the runway is cleared of all obstructions.
Corsair is a great company and they will definitely have some serious growth in the next 2-5 years. I don’t put a lot of weigh into valuations and forecasted pricing. I know Corsair is a gem of a company in the consumer tech space. A bunch of people invested in Corsair will eventually make a lot of money on a long enough timeline. I hope to be in that bunch. Timing is everything.
I read what he wrote again, a little slower this time and I take back what I said in the above post.
He's not "a reasonably knowledgeable player".
All of his questions are easily answered spending a few hours on EDGAR.
ALL of his questions.
I'm not in it @Centurian, so I don't care enough to dig... but this guy rambling on with open discussion questions about 'how many shares do they have and how often are they selling them' .... reeks of A) a lazy investor, B) a rookie who shouldn't be investing with the attitude "he will continue to buy shares", or C) both of the above.
I go with C.
Stoney!!!!!
Remember what you said about Roblox and kids spending too much time playing this crap...?
You were right and China agrees.
--------------------------------------------------------------------
Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps $60 billion
SHANGHAI, Aug 3 (Reuters) -
China's Tencent Holdings Ltd (0700.HK) said on Tuesday it would further curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium".
Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China's biggest state run news agency, Xinhua.
The broadside re-ignited investor fears about state intervention in China after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth. read more
"They don’t believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,” Ether Yin, partner at Trivium, a Beijing-based consultancy.
China's largest social media and video game firm saw its stock tumble more than 10% in early trade, wiping almost $60 billion from its market capitalisation.
The stock was on track to fall the most in a decade before trimming losses after the article vanished from the outlet's website and WeChat account on Tuesday afternoon. The article later reappeared later in the day with the historically loaded term "spiritual opium" removed and other sections edited.
The CSI300 index (.CSI300) last week fell more than 5% for its biggest monthly loss since October 2018.
In the original article, the newspaper hadsingled out "Honor of Kings" as the most popular online game among students who, it said, played for up to eight hours a day.
"'Spiritual opium' has grown into an industry worth hundreds of billions," the newspaper said.
"....No industry, no sport, can be allowed to develop in a way that will destroy a generation."
Tencent in a statement said it will introduce more measures to reduce minors' time and money spent on games, starting with "Honor of Kings".
It also called for an industry ban on gaming for children under 12 years old.
The company did not address the article in its statement, nor did it respond to a Reuters request for comment.
The article also hit rivals' shares. NetEase Inc (9999.HK) dropped more than 15% before paring losses to sit around 8% lower in late afternoon trade. Game developer XD Inc (2400.HK) fell 8.2% and mobile gaming company GMGE Technology Group Ltd (0302.HK) dropped 15.6%.
Outside of gaming, investors were also caught off guard by the State Administration For Market Regulation (SAMR) on Tuesday saying it would investigate auto chip distributors and punish any hoarding, collusion and price-gouging. The semiconductor stock index (.CSIH30184) subsequently fell more than 6%. read more
CHILD WELLBEING
The reposted Economic Information Daily article, in a shift of tone, said that authorities, game developers and families had to work together to combat child addiction to online video games, and parents had to be responsible for supervision.
Remember what you said about Roblox and kids spending too much time playing this crap...?
You were right and China agrees.
--------------------------------------------------------------------
Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps $60 billion
SHANGHAI, Aug 3 (Reuters) -
China's Tencent Holdings Ltd (0700.HK) said on Tuesday it would further curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium".
Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China's biggest state run news agency, Xinhua.
The broadside re-ignited investor fears about state intervention in China after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth. read more
"They don’t believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,” Ether Yin, partner at Trivium, a Beijing-based consultancy.
China's largest social media and video game firm saw its stock tumble more than 10% in early trade, wiping almost $60 billion from its market capitalisation.
The stock was on track to fall the most in a decade before trimming losses after the article vanished from the outlet's website and WeChat account on Tuesday afternoon. The article later reappeared later in the day with the historically loaded term "spiritual opium" removed and other sections edited.
The CSI300 index (.CSI300) last week fell more than 5% for its biggest monthly loss since October 2018.
In the original article, the newspaper hadsingled out "Honor of Kings" as the most popular online game among students who, it said, played for up to eight hours a day.
"'Spiritual opium' has grown into an industry worth hundreds of billions," the newspaper said.
"....No industry, no sport, can be allowed to develop in a way that will destroy a generation."
Tencent in a statement said it will introduce more measures to reduce minors' time and money spent on games, starting with "Honor of Kings".
It also called for an industry ban on gaming for children under 12 years old.
The company did not address the article in its statement, nor did it respond to a Reuters request for comment.
The article also hit rivals' shares. NetEase Inc (9999.HK) dropped more than 15% before paring losses to sit around 8% lower in late afternoon trade. Game developer XD Inc (2400.HK) fell 8.2% and mobile gaming company GMGE Technology Group Ltd (0302.HK) dropped 15.6%.
Outside of gaming, investors were also caught off guard by the State Administration For Market Regulation (SAMR) on Tuesday saying it would investigate auto chip distributors and punish any hoarding, collusion and price-gouging. The semiconductor stock index (.CSIH30184) subsequently fell more than 6%. read more
CHILD WELLBEING
The reposted Economic Information Daily article, in a shift of tone, said that authorities, game developers and families had to work together to combat child addiction to online video games, and parents had to be responsible for supervision.
Uh-ooooh
I thought I remembered something about Roblox in China.
They can kiss this goodbye:
New Programs Available: “Roblox China” Licensed to Operate
Updates Announcements
Roblox (Roblox) March 3, 2021, 7:16pm #1
We are excited to announce that “Roblox China,” also known as the LuoBuLeSi application, received its license to operate in China! This application will be developed jointly by Luobu (Roblox China Team) and Roblox, while our partner, Tencent, will take on local publishing and operating responsibilities.
China is the largest gaming market in the world with annual revenues exceeding $37B, making the release of Roblox China a tremendous opportunity for any developer looking to expand their audience! In celebration of this, we are launching two new programs for eligible developers wishing to take advantage of the massive market opportunity that is China.
The first program is called the Guaranteed Payout Pool (GPP). This program provides financial support for early entrants into the China market by offering $2.4M in total payouts to eligible developers. If you are ready to invest in Roblox China’s long-term growth, this is the program for you.
The second program is called China Fast Track. This is a highly selective program for developers that have demonstrated a previous record of success. It will provide services to expedite the readiness of experiences for the China market and ensure proper visibility and discoverability of experiences when they are released on Roblox China.
GPP and China Fast Track participation are not exclusive to each other; developers are encouraged to apply to participate in both with the understanding the China Fast Track will be more selective. We will also provide localization assistance to all program participants who want to ensure their content is as native to the Chinese audience as possible. Our goal with both of these programs is to grow the content catalogue in China with the most amazing and engaging content from around the world!
==================================
$RBLX $78.50
Granny's shorts Stoney?!
EDIT:
Check this out, from last year.
Lol, pretty sure China does not want friggin Roblox "shaping a new generation".
=====================================
Roblox, a global online experience bringing more than 90 million people together through play, and Tencent Holdings Limited, one of the largest internet companies in the world, today announced a strategic partnership to help fuel the next generation of Chinese creators.
Roblox is on a mission (where have we heard that line before Stoney) to bring the world together through play by inspiring imagination, creativity, and learning through shared online experiences.
Roblox will accelerate these efforts in China through the strategic partnership with Tencent.
(I don't think so folks)
“I’m extremely excited to partner with Roblox,” said Steven Ma, Senior Vice President of Tencent. “We believe technological advancement will help Chinese students learn by fueling their creativity and imagination. Our partnership with Roblox provides an engaging way to reach children of all ages across China to develop skills like coding, design and entrepreneurship.”
“Tencent is the perfect partner for Roblox in China,” said Roblox Founder and CEO Dave Baszucki. “They have a deep understanding of the Chinese market and share our belief of the power of digital creation and our vision to bring the world together through play.”
=========================
SELL SELL SELL
I thought I remembered something about Roblox in China.
They can kiss this goodbye:
New Programs Available: “Roblox China” Licensed to Operate
Updates Announcements
Roblox (Roblox) March 3, 2021, 7:16pm #1
We are excited to announce that “Roblox China,” also known as the LuoBuLeSi application, received its license to operate in China! This application will be developed jointly by Luobu (Roblox China Team) and Roblox, while our partner, Tencent, will take on local publishing and operating responsibilities.
China is the largest gaming market in the world with annual revenues exceeding $37B, making the release of Roblox China a tremendous opportunity for any developer looking to expand their audience! In celebration of this, we are launching two new programs for eligible developers wishing to take advantage of the massive market opportunity that is China.
The first program is called the Guaranteed Payout Pool (GPP). This program provides financial support for early entrants into the China market by offering $2.4M in total payouts to eligible developers. If you are ready to invest in Roblox China’s long-term growth, this is the program for you.
The second program is called China Fast Track. This is a highly selective program for developers that have demonstrated a previous record of success. It will provide services to expedite the readiness of experiences for the China market and ensure proper visibility and discoverability of experiences when they are released on Roblox China.
GPP and China Fast Track participation are not exclusive to each other; developers are encouraged to apply to participate in both with the understanding the China Fast Track will be more selective. We will also provide localization assistance to all program participants who want to ensure their content is as native to the Chinese audience as possible. Our goal with both of these programs is to grow the content catalogue in China with the most amazing and engaging content from around the world!
==================================
$RBLX $78.50
Granny's shorts Stoney?!
EDIT:
Check this out, from last year.
Lol, pretty sure China does not want friggin Roblox "shaping a new generation".
=====================================
Roblox, a global online experience bringing more than 90 million people together through play, and Tencent Holdings Limited, one of the largest internet companies in the world, today announced a strategic partnership to help fuel the next generation of Chinese creators.
Roblox is on a mission (where have we heard that line before Stoney) to bring the world together through play by inspiring imagination, creativity, and learning through shared online experiences.
Roblox will accelerate these efforts in China through the strategic partnership with Tencent.
(I don't think so folks)
“I’m extremely excited to partner with Roblox,” said Steven Ma, Senior Vice President of Tencent. “We believe technological advancement will help Chinese students learn by fueling their creativity and imagination. Our partnership with Roblox provides an engaging way to reach children of all ages across China to develop skills like coding, design and entrepreneurship.”
“Tencent is the perfect partner for Roblox in China,” said Roblox Founder and CEO Dave Baszucki. “They have a deep understanding of the Chinese market and share our belief of the power of digital creation and our vision to bring the world together through play.”
=========================
SELL SELL SELL
Last edited:
China reposted that article with much softer language. The message being sent is we realize we can hurt the markets and we choose not to at this time... it's a bit of ransomware isn't it but why hurt their own companies like Tenecent? Certain big money guys are getting to big for their Chinese pants. Our super wealthy blast off into space and don't pay taxes, China's super wealthy do whatever the Gov tells them to do. I'm not sure which way is better.
Prices going up everywhere Van and you know what? Joe Biden is starting to be blamed. It's unhappy coincidence that these rapid rise on prices coincided with the January Feb time period but ever since Biden has been in office prices have gone up. Now folks in swing states and small town, Red towns that voted for Biden because Trump was a a danger to the US and the world, they are really re thinking things and to some extent blaming Biden for inflation.
Corsair Gaming EPS misses by $0.03, misses on revenue; 2021 outlook unchanged-- Owch!
Aug. 03, 2021 7:05 AM ETCorsair Gaming, Inc. (CRSR)Corsair Gaming, Inc. (CRSR)
Prices going up everywhere Van and you know what? Joe Biden is starting to be blamed. It's unhappy coincidence that these rapid rise on prices coincided with the January Feb time period but ever since Biden has been in office prices have gone up. Now folks in swing states and small town, Red towns that voted for Biden because Trump was a a danger to the US and the world, they are really re thinking things and to some extent blaming Biden for inflation.
Corsair Gaming EPS misses by $0.03, misses on revenue; 2021 outlook unchanged-- Owch!
Aug. 03, 2021 7:05 AM ETCorsair Gaming, Inc. (CRSR)Corsair Gaming, Inc. (CRSR)
- Corsair Gaming (NASDAQ:CRSR): Q2 Non-GAAP EPS of $0.36 misses by $0.03; GAAP EPS of $0.28 misses by $0.03.
- Revenue of $472.9M (+24.3% Y/Y) misses by $2.26M.
- Adjusted EBITDA of $51.6M vs. $57.1 consensus.
- Cash flows from operations was $31.6 million, which decreased from $73.6 million in the same period last year.
- For the year, Corsair sees revenue of $1.9-2.1B vs. a consensus of $2.07B, adjusted operating income of $235-255M, and adjusted EBITDA of $245-265M.<-----
From RBLX latest report:
Because we store, process, and use data, some of which contains personal information, we are subject to complex and evolving federal, state, and international laws and regulations regarding privacy, data protection, security, content, and other matters. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in investigations, claims, changes to our business practices, increased cost of operations, and declines in user growth, retention, or engagement, any of which could significantly harm our business.
In addition to market and regulatory factors, any future success of the China JV will require a collaborative effort with Tencent to build and operate Luobu and Luobulesi as together, they will form the exclusive basis for growing our penetration in the China market. In addition, upon the occurrence of certain events, such as a termination of certain of the contractual relationships applicable to Luobu, a change of control of us, or the acquisition of 20% of our outstanding securities by certain specified Chinese industry participants, we may be required to purchase Songhua’s interest in the China JV at a fair market value determined at the time of such purchase. Any future requirement to purchase the interest in China JV from Songhua may have a material adverse effect upon our liquidity, financial condition, and results of operations both as a result of the purchase of such interests and the fact that we would need to identify and partner with an alternative Chinese partner in order for operations to continue in the China
market.
-------------------------------
Any actions and policies adopted by the Chinese government, particularly with regard to intellectual property rights and internet restrictions for non-Chinese businesses, or any prolonged slowdown in China’s economy, could have an adverse effect on our business, results of operations and financial condition.
https://www.sec.gov/Archives/edgar/data/1315098/000119312521159734/d140951d10q.htm
Because we store, process, and use data, some of which contains personal information, we are subject to complex and evolving federal, state, and international laws and regulations regarding privacy, data protection, security, content, and other matters. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in investigations, claims, changes to our business practices, increased cost of operations, and declines in user growth, retention, or engagement, any of which could significantly harm our business.
In addition to market and regulatory factors, any future success of the China JV will require a collaborative effort with Tencent to build and operate Luobu and Luobulesi as together, they will form the exclusive basis for growing our penetration in the China market. In addition, upon the occurrence of certain events, such as a termination of certain of the contractual relationships applicable to Luobu, a change of control of us, or the acquisition of 20% of our outstanding securities by certain specified Chinese industry participants, we may be required to purchase Songhua’s interest in the China JV at a fair market value determined at the time of such purchase. Any future requirement to purchase the interest in China JV from Songhua may have a material adverse effect upon our liquidity, financial condition, and results of operations both as a result of the purchase of such interests and the fact that we would need to identify and partner with an alternative Chinese partner in order for operations to continue in the China
market.
-------------------------------
Any actions and policies adopted by the Chinese government, particularly with regard to intellectual property rights and internet restrictions for non-Chinese businesses, or any prolonged slowdown in China’s economy, could have an adverse effect on our business, results of operations and financial condition.
https://www.sec.gov/Archives/edgar/data/1315098/000119312521159734/d140951d10q.htm
Please take a look at the 5 day on WATT. It is one of my favorite patterns. They reported earnings plunged and came right back.. the ole' shake out....
Idea 1- WATT.
Energous Corporation (WATT)
2.5650+0.0450 (+1.79%)<--
At close: August 2 4:00PM EDT
2.6800+0.12 (4.48%)<-------------
Pre-Market:08:03AM EDT
Idea 1- WATT.
Energous Corporation (WATT)
2.5650+0.0450 (+1.79%)<--
At close: August 2 4:00PM EDT
2.6800+0.12 (4.48%)<-------------
Pre-Market:08:03AM EDT
I saw that on Corsair.
I knew there was a reason that thing had been hanging out at $29.
Lets let the dust settle and jump in.
Hey at least they make money, as actual earnings per share.
Roblox is selling off pre-market.
They "softened the language" but what was said was said.
Friggin Tencent is down 10%
Roblox maintains all kinds of personal info on kids.
No way China isn't gonna nix that and their little deal with Tencent.
I wish I would have thought of this last week.
I knew there was a reason that thing had been hanging out at $29.
Lets let the dust settle and jump in.
Hey at least they make money, as actual earnings per share.
Roblox is selling off pre-market.
They "softened the language" but what was said was said.
Friggin Tencent is down 10%
Roblox maintains all kinds of personal info on kids.
No way China isn't gonna nix that and their little deal with Tencent.
I wish I would have thought of this last week.
AQUA beat estimates today Stoney.
=============================================
Evoqua Water Technologies Reports Third Quarter 2021 Results
Third Quarter 2021 Financial Highlights:
Revenue of $369.7 million, increased 6.3% compared to the prior year period
Net income of $13.2 million, declined 39.4% compared to the prior year period
Adjusted EBITDA of $66.2 million, increased 3.8% compared to the prior year period
Operating cash flow of $102.9 million year to date, increased $2.2 million compared to the prior year period
Evoqua Water Technologies (NYSE:AQUA), an industry leader in mission-critical water treatment solutions, today reported results for its third quarter ended June 30, 2021.
Revenue for the third quarter of fiscal 2021 was $369.7 million, compared to $347.8 million in the prior year period, an increase of 6.3%, or $21.9 million. Organic revenue grew 3.2%, or $11.1 million, as compared to the prior year period, driven by increased pricing across all offerings and higher service sales volume. In addition, foreign currency translation was favorable by 2.1%, or $7.5 million. Net income for the quarter was $13.2 million, resulting in diluted earnings per share (“EPS”) of $0.11, as compared to net income of $21.8 million and diluted EPS of $0.18 in the prior year period. The decline in net income of 39.4% as compared to the prior year period was primarily related to increased operating expenses, including $2.8 million of non-cash change in foreign exchange on intercompany loans, higher tax expense of $3.1 million, and increased interest expense. The increase in interest expense was driven by $4.4 million of fees incurred in connection with, and the write off of deferred financing fees associated with, the Company’s debt refinancing in April 2021. Adjusted EBITDA for the quarter was $66.2 million, as compared to $63.8 million in the prior year period, an increase of 3.8%. See the “Use of Non-GAAP Measures” section below for additional information regarding adjusted EBITDA and organic revenue.
“We are pleased with our third quarter results, which were driven by solid performances across both segments. The business has performed well over the past year under challenging market dynamics, and I am very proud of the team’s efforts,” said Mr. Ron Keating, Evoqua’s CEO.
Mr. Keating continued, “Our third quarter growth rate rebounded to the highest level since the start of the pandemic, with year-over-year growth across service, aftermarket, and capital revenues. We are closely managing supply chain challenges, human resources availability, and our pricing policies. I am very pleased with the organization’s response as we address inflationary pressures, material availability, and the battle for skilled talent.”
Mr. Keating stated, “We are seeing improving demand across most of our end markets, as evidenced by our book-to-bill ratio that is greater than 1.1, and our robust opportunity pipeline. Our market demand is strong, but macro supply chain challenges and customer site access could impact backlog conversion timing. Long-term market and regulatory trends are favorable, our financial performance and balance sheet are strong, and we have a global commitment to delivering our sustainable solutions as a sustainable company. We are pleased to reaffirm our previously communicated full year guidance with revenues expected to be $1.43 to $1.47 billion and adjusted EBITDA expected to be in the range of $240 to $255 million.”