| To: Tom Caruthers who wrote (72) | 1/23/2005 11:20:04 AM | | From: Glenn Petersen | | | | Tom,
And a Happy New Year to you.
I think that you are right about mynest.com, though I suspect that the site did not generate much in the way of revenues during the fourth quarter. It will take some time to ramp up. I'll qualify that with a, "I could be wrong."
The latest acquisition is a bit puzzling. The e-dating space has been hot, though this twist on the concept might not be a huge revenue generator. I'm still waiting for the company to file an 8-K with some more details.
Today's New York Times has an article on Audible and certain of its shareholders who essentially "bet the house" on the company when its stock price was down at $.15 per share. The article mentions The Knot and Varsity Group.
Message 20975886 |
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| To: Tom Caruthers who wrote (77) | 3/22/2005 12:54:39 AM | | From: Tom Caruthers | | | | Glenn,
Don't know if you have been watching KNOT volume, but it is picking up quite a bit lately, moving KNOT to new 52 week highs. This portends good things. I'd imagine that we will be able to get relisted soon.
Tom |
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| To: Tom Caruthers who wrote (81) | 4/3/2005 7:19:29 AM | | From: Glenn Petersen | | | | I couldn't figure out why KNOT popped on Friday, until I picked up my copy of Business Week:
businessweek.com
APRIL 11,
By Gene Marcial
INSIDE WALL STREET
The Knot: Here Come The Brides
Weddings are big business, and The Knot (KNOT ) is a pure player in that hot market. Weddings account for $72 billion in annual domestic retail sales, notes CEO David Liu, who says The Knot's revenues have jumped from $24.1 million in 2001 to $41.4 million in 2004. The company turned profitable in 2003, earning $1 million, or 5 cents a share. In 2004, it made $1.3 million, or 7 cents.
Just six years old, the company provides information, products, and services on its Web site and in its magazines to couples planning to get married. Its services include a registry where engaged couples list their gift preferences at specific stores. The Knot has inked a pact this month with Target (TGT ) for the retailer to offer its products on The Knot Web site, which has one million active members. Target is the largest wedding gift registry retailer. Liu says The Knot's services span the period from engagement to motherhood. Justin Cable of securities firm B. Riley says The Knot's online business showed solid growth in 2004 and should expand again this year. Rob Amman, managing partner at R.K. Capital Management, which owns stock, says the shares, now at 7.20, are cheap, in light of The Knot's rapid growth and high-margin (75%) business. He sees it earning 9 cents a share in 2005 on sales of $50 million. But that will jump to 46 cents next year, he says, on sales of $60 million, due to a widening in the margins and a jump in vendor ads on its Web site and magazines.
Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.
By Gene G. Marcial |
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