iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,975 Blog Posts

OPPORTUNITY IS KNOCKING

Do not ever try to stop Jeremy Stoppelman. The CEO of YELP is sitting atop a goldmine, with the YELP properties expanding worldwide. Instead of sitting back and loafing around about the couch and hammock, he’s aggressively expanding.

After the market close, YELP reported earnings per share and revenues that were better on the top end, worse than expected on the net end. Essentially, the company is growing faster than analyst expectations; but Stoppelman doesn’t give a heap of steaming feces about making money right now. Why?

Because, like the apex predator, Jeff Bezos, Stoppelman is out to conquer the world, at least his little niche part of it.

The future of YELP is local, being able to pull up take out menus from on your mobile device and ordering food on it. They get a cut of the proceeds, like Apple does with music. Being that we’re a gluttonous people, I see great things happening for this company over the next 5 years.

Knowing this, and being smart about the extraordinary share price performance, Stoppelman decided to file for a secondary, to raise $250 million, bringing total cash for YELP near $350 million.

He now has a war chest.

Luckily, I am completely out of YELP, and have been for more than a week.

Peep my time-stamped sales inside of The PPT.
YELP

 

If you own the stock into the teeth of a $7 sell off, it truly sucks to be you and I will pray upon your carcass tomorrow. However, for those of us who had the foresight to avoid YELP up at 27x sales, into earnings, this is opportunity. THIS IS WHAT IS LOOKS LIKE, LITERALLY.

Just know, after the numbers were released, the stock dropped $6 straight away, only to recover all of its losses and go green. Only after the secondary was announced did the stock drop. Therefore, one must surmise that Wall St was content with the numbers, but sad faced over the dilution.

Stoppleman is simply doing his job, going the path of Amazon, setting up for long term success.

I will be buying back shares of YELP as soon as the Gods release me from the hell they’ve trapped me in.

Good night.

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16 comments

  1. halfbloodpope

    The ‘American Dream’ is waking up tomorrow and being afforded the opportunity to do all this over again.

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  2. acehood1

    $52-55

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  3. og

    Yes, pray for me.

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  4. kg

    Keep moving. Money never sleeps.

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  5. kg

    Keep moving. Money never sleeps.

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  6. Marc David

    My leg hurts. It’s gotta be the creatine.

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  7. therealhmmm

    A few months before the tech bubble burst, just two years after it went public, AMZN hit all time highs and traded around 14x sales. In 1999 it may have reached around 20x sales.

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  8. ironbird

    Gap in the 40’s. ANGI filled it’s. Remember way back in the day like a few months ago ANGI had the real biz model? Opportunity will come in all these amzn lite plays. Thanks for what you do Senor Fly.

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  9. The Next New Cat Thing
    The Next New Cat Thing

    TRLA comes through

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  10. ironbird

    Senor Fly is the total fascist regime in dc caused you to kill the politics? This is IBC the site of the future for the under aged. If fear of the boot is why you have stopped the truth stance? So be it. Completely understand. Families must be provided for.

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  11. superpositron

    I’d rate the IBC app if it was a better overall design and better engineered. You guys need to align this app with your first class service. Frankly it blows. On another note is the S

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    • superpositron

      You see! I typing out a comment on the app then pressed post and for no apparent reason it cuts off my sentence.

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  12. tradercaddy

    I sense good competition coming.
    I like the YP app myself.

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  13. heckler

    This is a good post. Strong and convincing. And it’s true that the Yelpy winds are blowing across the cultural landscape. I hear more and more people “verbing” the company, saying things like, “just Yelp it.” But do you really think the future lies in getting a cut of sleazy take-orders? Yelp has to think bigger than that. How do they make money off a mixture of reviews and advertising? Click throughs or promotions? Perhaps if I came to visit you, Senior, in your strange land, I would use yelp for a good recommendation. But I’m not sure I’d keep using it to get my phad thai from down the street.

    The iOS app needs work. It’s buggy and crashes often.

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  14. heckler

    take-out orders*

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