| To: Topannuity who wrote () | 12/5/1999 10:48:00 AM | | From: Jack Hartmann | | | |
Saw the full page ad in this week's Barron's. Caught my eye so that's is a success. Haven't priced term life since I locked it in 15 years ago. Seems high, but it was for a million dollars.
Jack |
| | QUOT - Quotesmith | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Topannuity who wrote () | 12/9/1999 4:46:00 PM | | From: Jack Hartmann | | | |
Closed at $12 1/8. Up 20%. Not really anything to explain the runup. Jumped from $10 to $12 on small volume and small share lots. Must be more demand than sells. No news to drive it up that I see. I figured that someone would have sold a chunk to take profit. Maybe tomorrow. Oh well, I'll take it.
Jack |
| | QUOT - Quotesmith | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Jack Hartmann who wrote (48) | 10/12/2000 7:51:29 PM | | From: Glenn Petersen | | | | Unless the world is really coming to an end, QUOT might be worth a look. As of June 30, 2000, they had cash totaling approximately $1.86 per share. The consensus estimate for their third quarter loss is $.25 per share. If the sales trends from the prior quarters hold, they could beat that number by $.07 or $.08 per share. At $1.66, the stock is selling at its cash value.
Barron's, in its October 2, 2000 issue, had a few kind words: "...online insurance broker Quotesmith, in Darien, Illinois, (has) achieved results that haven't been reflected in (its) share price." |
| | QUOT - Quotesmith | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Jack Hartmann who wrote (50) | 10/28/2000 5:24:26 PM | | From: Glenn Petersen | | | | Good overview on the DD. I never did pull the trigger on QUOT and decided to wait for the third quarter numbers. I was very disappointed to see the sequential decline in the third quarter revenues and even more disappointed to see that the revenue levels appear to be very closely tied to marketing expenditures. No clear path to profitability.
On the plus side, management is very experienced and they do have Intuit as a shareholder.
Friday's implosion was interesting. Possible explanation:
quicken.com
Quotesmith Tanks As Big Sellers Dumps Shares
Friday, October 27, 2000 04:09 PM
By Erik Ahlberg
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Shares of Quotesmith.com Inc. (QUOT, news, msgs) dropped as much as
60% Friday as a small number of sellers dumped huge blocks.
Several sources speculated that the shares came primarily from one mutual fund firm trying to
establish a tax loss before the end of the fiscal year.
Shares recently traded at $0.875, off $0.50, or 36.4%, on volume of 1.3 million shares. The stock's
daily average volume is just more than 52,000 shares.
Quotesmith Chief Financial Officer David Vickers said the company's overall health and strategy remain
unchanged. The company reported a third-quarter loss of $3.5 million, or 18 cents a share. The results
beat Wall Street expectations of a loss of 27 cents a share.
Vickers said Quotesmith was curbing its advertising spending slightly in the fourth quarter to help with
the launch of more insurance products.
Analyst Per Ostlund of John G. Kinnard & Co. Inc. in Minneapolis said the company's current cash
holdings equal roughly $1.65 a share. While the company is going through its cash in order to grow the
business, Ostlund said the huge stock sales Friday were "kind of a bizarre deal."
Quotesmith, of Darien, Ill., is an Internet insurance company.
-By Erik Ahlberg, Dow Jones Newswires; 312-750-4141 |
| | QUOT - Quotesmith | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Glenn Petersen who wrote (51) | 10/28/2000 7:09:38 PM | | From: Jack Hartmann | | | | Thanks Glenn the update. I saw the decline, but didn't know why. Maybe something to try after the funds year ends Tuesday. Many may not buy since it now a penny stock.
Jack |
| | QUOT - Quotesmith | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Topannuity who started this subject | 10/31/2000 8:14:37 AM | | From: Glenn Petersen | | | | QUOT to repurchase shares:
Quotesmith.com Announces Share Repurchase Program
DARIEN, Ill., Oct. 30 /PRNewswire/ -- Quotesmith.com, (Nasdaq: QUOT), the buyer-driven insurance exchange which provides instant auto, life, health and dental insurance quotes from more than 300 leading insurance companies, announced that its Board of Directors has authorized the repurchase of up to 3.5 million shares of common stock representing up to 18% of the total 19.2 million shares outstanding. The Board approved immediate commencement of the repurchase program as conditions warrant.
The company said any future purchases may occur from time to time in open-market, block purchases or in negotiated transactions using available cash over the next 12 months. No date was established for the completion of the program.
Quotesmith.com owns and operates the industry's largest and most comprehensive insurance price comparison service. At www.quotesmith.com insurance shoppers can instantly view the best prices being offered by more than 300 leading auto, life, health and dental insurance companies, achieve maximum savings and have the freedom to buy from the company of their choice. Quotesmith.com guarantees and backs the accuracy of all of its quotes with a $500 cash reward program. Quotesmith.com also provides personalized customer service assistance and policy placement services for its customers. Quotesmith.com generates revenues from the receipt of commissions and fees paid by insurance companies. Shares of Quotesmith.com trade on the Nasdaq Exchange under the symbol "QUOT."
Cautions about Forward-Looking Statements
This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. Expressions of future goals and similar expressions including, without limitation, "may," "will," "believes," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. The Company will not necessarily update the information in this press release if any forward- looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's limited e-commerce operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect the company's financial results is included in the company's Annual Report on Form 10-K for the year ended December 31, 1999, which is on file with the United States Securities and Exchange Commission. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions or fees to Quotesmith.com based upon premium volume or traffic activity produced by Quotesmith.com. Quote availability by state or any other factor is subject to change without notice. Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners.
SOURCE Quotesmith.com
CO: Quotesmith.com
ST: Illinois
IN: INS
SU:
10/30/2000 12:37 EST prnewswire.com |
| | QUOT - Quotesmith | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
