COSMICALLY CURSED!

Did you know that if a delicious piece of pastry or donut was in front of my face right now, I would not eat it? Similarly, I will not touch anything but grass fed meat and will only indulge in red meat once per month, if at all. Also, I haven’t had a cup of coffee, aside from that one time when I met long term reader “J” at Keen’s steakhouse in NYC, for over 1 year, after habitually drinking 5 cups per day. I will not do it, due to my desire to reduce caffeine consumption.

On principal, I refuse to use anything but extra virgin olive oil and I never fill my tank with premium gas, only regular. When at home, I only listen to classical music and I’ve never used foul language around my wife and kids. Generally speaking, I don’t like answering my phone, but will reply to an email within seconds. I prefer Bordeaux wine over all others, especially from the year 2005 and I absolutely hate Pinot Noir. I only drink Earl Gray tea, but will refuse if it contains any sugar. I will only drink my tea with honey and a dash of milk (no homo).

Upwards of 90% of my wardrobe is dry clean only.

In the House of Fly, the food is organic and a regular snack consists of almonds and dried cherries.

I wake up every morning at 6:48 am, without failure, and my favorite composer of all time is Phillip Glass. I especially prefer Symphony no.9, mvt II, and play it in my home with great repetition.

I don’t sleep much, as I am either too concerned with the markets or reading a book. I rarely read anything but classics. At the moment, I am stuck on page 700 of Bleak House by Charles Dickens. Oh, and I don’t buy paper books anymore, just on the iPad.

My point: I am a creature of habit, highly disciplined in a number of ways. When I make up my mind about something, nothing can deter me from completion. These same behavioral traits can be noticed in my investing methods. Throughout the years you’ve noticed my stubbornness in FTK, MVIS, HANS, BWLD, GSVS, WNR and most recently CPST and YELP translate into unmitigated or negotiated winship. However, the times are changing and the mood has become exceedingly dour.

There was once a time when nothing could stop me, not even time itself. However, over the past few months, Le Fly has been plagued by a number of nuisances, most readily seen here on iBC through my investment malfunctions. In real life, there have been some truly unbelievable things gnawing away at my soul, attempting to sap my energy and vanquish my person from existence.

HOWEVER, let it be known, I shall not bend to the caprices of some asshole “star God” and will fight this cosmic curse thrust upon me until I am dead. On the hair of Hector, I will not negotiate my surrender, under any circumstances. This might very well come at a great expense to Mrs. Fly, who grows weary of the stock exchange and how it refuses to comport to my demands.

Let it be known, my path is being set, trail-blazed with the fire set by my soul. If you dare to follow me, be sure to wrap yourself in a fireproof cloak. This path is not for the faint of heart or weakest of skins.

Before the storm begins here, I want you to know grandpa stocks are doing just fine, dozing off on the porch, pleasantly going about their day without a care in the world. My positions in KMB and GIS are the envy of the market. But I also have a whole basket of other shit, behaving in an entirely different manner.

The jobs numbers were bad because we are repeating last year. This is almost identical to the fuckery that was 2011, only this time it will be sprearheaded by the fucking faggots in Spain. Why don’t you pussies revolt already?

Expect the data to get progressively worse, leading up to the Fed coming in and raping all shorts in broad daylight, with one of their fucked up plans. Then, miraculously, as the election nears, the data will improve. We will enjoy a terrific Q4 rally, as if this shit never happened.

Back in the old days, when a stock broke the $100 threshold, the shares were split 2 for 1. Only a handful of stocks kept their share prices at obnoxious prices, most aligned with the Great Fucktard himself: Warren Buffet. Do you know why companies don’t split their shares anymore?

Answer: because they don’t give a shit about the retail investor. The retail investor is no longer an integral part of the market place. They have been eviscerated by trading robots, cordoned off into corrupt areas of the market, such as 3x ETF’s. Gone are the days when you could value a company on its FCF and FPE.

Now to my point. The majority of people that I meet in real life are flawed animals, depraved beings with infected minds. Naturally, the internet is no different. I would never walk into someone’s home and throw meatloaf against their wall– and insult the caretaker or host of such a dwelling. Many of you are quite comfortable in flaunting your vagrant behavior by trying to rub salt in my wounds, declaring “I told you so” and gleefully walking about my website like a happy homo in the east village.

That’s where you are wrong.

This shit here is NOT for your entertainment. I am not the jackass clown in the glass box, waiting to be dunked into the water below. I WILL FUCKING KILL YOU, rip apart your limbs (legs, arms, head, chest cavity)–crush your bones into dust. All of you will be banned, all of you. I have already banned over 800 people, creatures of the blue lagoon, perverts, men addled with chemical imbalances. I have no problem carting you off to the crematory, so don’t fuck with me.

On a more pleasant note, I am being smashed like an accordion today, played by some monkey in a small Italian village. My WNR has been chopped and I’d rather not discuss YELP anymore. I am, without a doubt, the angriest man in the world.

First things first, I hope my personal hell hasn’t tainted the rose flavored water that you keep in storage. I like to think my feelings regarding Yelp were transparent and my ominous sense of doom clearly communicated.

The truth of the matter is, I am cosmically cursed. I haven’t made any sacrifices to the Gods for over 6 months and they are punishing me for it, in spades.

The jargon left in the comments section is repulsive and regrettably puported by small minded goat fuckers, who have seemingly escaped my lash.

The mainspring of this post is to serve as a reminder that I have a murderous rage inside of me and will make you pay your “fair share” for disturbing me on a day when my largest position was down 10% on good news. This is the quarter to accumulate Yelp, as they close in on profitability.

You are without top hat.

Tomorrow’s jobs numbers will set the tone. My mood is dark, so I am not optimistic about my prospects in the near term.

The curse needs to be lifted.

A blow up after all.

After all of the drama, the relief of an acceptable earnings release coupled with a muted response in the share price, I am having my head handed to me after all, long YELP. The stock traded up this morning; but I noted in conversations with “The Devil”, something was awry. The stock was trading odd and a big move was on the horizon. Literally, it could have gone either way. Today’s decline doesn’t mean anything other than the fact that sellers showed up and buyers are non-existent. I know that sounds a little too simple; but this story is young and the shareholder base is fickle.

I’ve had my share of blow-ups, several over the past few years.This 8-10% drop in YELP, coupled with the fact that my other positions are flat to down equates to a -2.25% day. That might not sound like a “blow up” to many of you; but -2.25% days are not welcomed around these parts any longer. This was supposed to be the year of flawless winship, accompanied by cocaine dragons and chest pounding gorillas. Instead I get milquetoast. I shot higher by 20% during the first month of the year and slowly but surely I am giving it back, just like last year.

Lo and behold, TDC is at new all-time highs today, formerly a top 3 position of mine.

Here I am, a most humble space alien magician, buying dips in ANR, VCLK and YELP, using the proceeds of a fine company, MJN, to finance degeneracy. On the eyes of Saturn, I will not sell any more grandpa stocks to buy shit. Correction, I am not saying those companies are shit, per se. Let’s just agree that their risk profiles are somewhat in flux.

Off to go hit somebody in the chest with a gravity hammer.

With MJN proceeds, I bought the dip in ANR and carnage in VCLK–way overdone in my opinion.

UPDATE: I am buying this YELP dip.

Took profits in MJN

America is over the single cup server phenomenon (GMCR), as well as losing weight at WTW. We’re also sick of the shit HLF makes, but love some sugar water soda pop: MNST, KO and PEP.

One thing is for certain, we still love AAPL and we hate travel agencies, opting for the online versions instead: PCLN, EXPE and TRIP. YELP is killing it because we don’t trust “professional food critiques.” The reviews that matter are the consensus opinions of the masses, which is why ANGI is of great interest to me.

Natural gas is so cheap, it has caused dementia in the management personal of America’s largest natural gas producer (CHK), leaving them open to a legitimate funding gap next year.

Coal has been killed, partly thanks to cheaper natural gas supplanting it at power plants and a seemingly worsening Chinese economy, leading to weak met coal pricing. Nevertheless, oil is still robust and margins at the refineries are very strong.

Online advertising is allegedly strong; but why is VCLK getting smashed this morning? American’s love to watch movies (RGC), but have grown weary of the sub-par offerings of NFLX. iTunes will crush them one day to dust.

The next big trend is out there, within reach of anyone who is paying attention. I happen to believe that trend is hidden in the cosmetically rich valuations of social networking stocks. Before you know it, their 50%+ growth rates will cheapen the valuations and these stocks will “Priceline” the fuck higher, scorching the shorts, sending those fuckers sheepishly to the breadline.

http://www.youtube.com/watch?v=e9GaKRRXgpY

I hope you appreciate the magnitude of this recent iBankCoin home page redesign and understand, with every fiber of your physical being, that it is better than anything you could have ever imagined, let alone create. Having said that, this is only the beginning.

Bloggers in the Blogger Network will receive the same page rank as my own staff. However, such luxuries will come at a great expense. Starting immediately, I am watching you very closely, as you represent iBankCoin, in all of its pomp and grandeur. Should you fuck up or post horseshit with bad syntax, I will fire you.

For bloggers in the blogger network: you now have editorial power to choose front page pictures to accompany your posts. You have access to my personal collection of eclectic pictures, placed on the upper right hand side of the wordpress dashboard. Enjoy them with my compliments.

GONE ARE THE DAYS OF SUB-PAR BLOGS. BEHOLD THE ERA OF ENFORCED EXCELLENCE.

Moreover, we are still in the development stages of creating an iBankCoin economy that will dictate your “rank” on the site, with whimsical income versus expenses spreads– and other fun things to help alleviate the stress this cocksucking market burdens us with. Those things, AND MORE, will be completed inside of the next week. For now, you can see most readers are defaulted as “analysts.” There will be “trainee”, “vagrant” and “prison” (banned fuckers) ranks as well, all done with the utmost care and precision that you’ve grown to expect from iBankCoin.

BEHOLD THE INTRODUCTION OF THE MERITOCRACY.

All posts, aside from me and the 12631 boys, adhere to the laws of chronology. In the center is a “trending” box, listing the top 4 articles posted on the site, over a 24 hour time frame.

Some things never change, however, like excellence.

-Fly, 2012

Disaster averted. The YELP numbers were very good, good enough, I believe, to stave off any degenerate short raids. Throughout the day, I twisted the knife embedded in my gut, thinking of how to rebuild my year, should YELP disappoint. But they didn’t.

This is a quarter, as an investor, you can build on. The company is on the cusp of going EBITDA positive and before you know it, they will be profitable. This is, with pulling punches, one of a select few premium names in social networking. Moreover, I do not believe Facebook, Google, Microsoft– or other big internet companies– will just sit there looking at YELP kill it. They will try to acquire them.

For the day, I made 0.9%.

UPDATE: Here is a replay of the YELP call.

SAN FRANCISCO, May 2, 2012 /PRNewswire/ — Yelp Inc. (YELP), the company that connects consumers with great local businesses, today announced financial results for the first quarter ended March 31, 2012.

 

• Revenue was $27.4 million in the first quarter of 2012, reflecting 66% growth in revenue from the first quarter 2011
• Cumulative reviews grew 59% to 27.6 million
• Average monthly unique visitors grew 53% to 71.4 million*
• Active local business accounts grew 117% to 27,300

Net loss in the first quarter of 2012 was $(9.8) million or $(0.31) per share, compared to a net loss of $(2.8) million, or $(0.19) per share, in the first quarter of 2011. Adjusted EBITDA for the first quarter of 2012 was a loss of approximately $1 million, compared to a loss of $880,000 for the first quarter of 2011.

“We are very pleased to report our first quarter as a public company,” said Jeremy Stoppelman, Yelp’s chief executive officer. “We were particularly excited to launch 11 new Yelp markets in the first quarter, including Sydney and Stockholm. With more than 80 Yelp cities around the world today, consumers are yelping about their favorite local businesses in record numbers and we look forward to continue expanding our platform around the globe.”

“Our initial public offering added $114 million to our balance sheet, adding strength to our financial foundation as we look to continue investing in our rapid growth and increase the value we deliver to our communities and local businesses,” added Rob Krolik, Yelp’s chief financial officer.  “The number of active business accounts has more than doubled year over year, and we have seen engagement from local business owners increase proportionally as they realize the positive economic impact that results when business owners have a constructive dialogue with their customers.”

Business Highlights

• New market expansion: Yelp launched 11 new markets in the first quarter, including Antwerp, Brussels, Oklahoma City, Perth and Hampton Beach, increasing the total active markets worldwide to 82.
• Yelp Mobile:  Our mobile apps were used on approximately 6.3 million unique mobile devices on a monthly average basis for the quarter. Our development team released a total of nine updates for Yelp’s iPhone and Android apps in the first quarter. Enhancements to the user experience included new features such as the release of photo feedback, new search filters (filter by what’s hot/new and by businesses with deals) and the ability to view business owner replies.
• Distribution partnerships: Mercedes and Lexus integrated Yelp into their in-vehicle infotainment systems. Combined with Yelp’s BMW partnership announced in December, these relationships underscore the value that Yelp content provides to consumers on the go. OEMs are now working quickly to ensure that Yelp reviews are within reach from the dashboard.
• Yelp for Business Owners: Yelp introduced a new set of dashboard metrics to make Yelp’s business owner accounts even more insightful. The most notable improvement is the integration of mobile metrics which enables a business owner to track how many people placed a call to a business, mapped directions, purchased a Yelp Deal and/or uploaded photos.
• Yelp Deals: Yelp Deals continues to grow. More than 25,000 businesses offered deals to their local community in the first quarter.

Business Outlook

As of today, Yelp is initiating guidance for its second quarter of 2012 and full year 2012 revenue and adjusted EBITDA guidance.

• For the second quarter of 2012, revenue is expected to be in the range of $29 million to $31 million. Adjusted EBITDA is expected to be a loss in the range of $(500,000) to $(800,000).
• For the full year of 2012, revenue is expected to be in the range of $128 to $132 million, representing growth of 54% to 58% compared to the full year of 2011. Adjusted EBITDA is expected to be breakeven to slightly positive

UPDATE: Yelp misses by $0.01, beats on revs; guides Q2 revs in-line; guides FY12 revs above consensus (22.99 +0.39)
Reports Q1 (Mar) loss of $0.31 per share, $0.01 worse than the Capital IQ Consensus Estimate of ($0.30); revenues rose 66.1% year/year to $27.4 mln vs the $25.41 mln consensus. Cumulative reviews grew 59% year/year to 27.6 mln, average monthly unique visitors were up 53% to 71.4 mln, and active local business accounts grew 117% to 27,300. Co issues in-line guidance for Q2, sees Q2 revs of $29-31 mln vs. $29.07 mln Capital IQ Consensus Estimate, and expects adjusted EBITDA to be ($500)-($800)K. Co issues upside guidance for FY12, sees FY12 revs of $128-132 mln vs. $124.77 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be breakeven to slightly positive.

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