General disclaimer
The content contained in this blog represents the opinions of Mr. Hempton. You should assume Mr. Hempton and his affiliates have positions in the securities discussed in this blog, and such beneficial ownership can create a conflict of interest regarding the objectivity of this blog. Statements in the blog are not guarantees of future performance and are subject to certain risks, uncertainties and other factors. Certain information in this blog concerning economic trends and performance is based on or derived from information provided by third-party sources. Mr. Hempton does not guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. Such information may change after it is posted and Mr. Hempton is not obligated to, and may not, update it. The commentary in this blog in no way constitutes a solicitation of business, an offer of a security or a solicitation to purchase a security, or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author. In particular this blog is not directed for investment purposes at US Persons.
11 comments:
Perfect photo.
IPOs these days are not seeking capital for investing for growing the companies but are providing exit for the early investors and VCs.
been waiting for your comments on Vodafone Verizone deal.
He who Tweets first, Tweet's last or was that he who Tweet's last, Tweet's first...?
Briliiant. if you are too lazy arsed to blog, get your audience to write the copy instead!
Having been through the dotcom bubble I believe the Twitter valuation is reminiscent, but I don't feel the full on out of control mania that existed back then but I do pay less attention to financial news and there are few magazine covers to trumpet this stuff anymore which made it so obvious.
Twitter is really good!
Full disclosure: I do not current hold twitter shears but I do think that the company/concept has an important future. Plenty of growth potential.
I have a number of friends in PR and marketing and the spends that they are deploying on behalf of clients on Twitter vs Facebook are much, much larger.
Not sure if that's a good thing or a bad thing though: on the one hand, large advertisers are seeing a better return on Twitter, whereas on the other it implies that growth may be capped as the pre-IPO numbers reflect higher enterprise engagement than they did at Facebook.
At the end of the day, the amount that various brands will succeed in engaging customers seems capped on Twitter vs FB (this is a three-sided: engagement, content format and growth potential) which would imply that the per user valuation should be lower for Twitter (not currently the case I think).
All of this from the perspective of a passive observer: no intention to initiate any positions, long or short.
Not a stock for me.
I think that it's really, really hard for anyone to call a top for the market. I think that people who have the talent to pick individual stocks should be really, really conservative in letting their overall market calls show up in their portfolios. Alfred Winslow Jones and John Maynard Keynes, for example, both found out afterwards that their overall market calls lost money over their careers.
I heard someone describe Twitter as a massive multi-player interactive online game the other day. Tack on some ads, and you have a pretty compelling business as long as the game maintains interest and/or grows the userbase. The interest/userbase seems to be there for the current generation of devices, so it would be a scary short for me. Not my sort of thing to buy at multiples of revenues though, either. In the too hard pile.
Post a Comment