FTD Q3 Numbers Released

[12BucksFor2Dozon]

At least in my town, it doesn't matter what the numbers are. The florists that fill wires simply fill to stay busy, not to make money, and THAT, my friends, is the the true backbone of FTD/TF...semi-retirees not living from the flowershop income just mindlessly taking and filling orders to keep busy.

 

[Griff]

Mark, that makes them hobbists, not business people.

If they are just doing this for FUN, that's OK if it's someone else's investment. If they want to dabble, then let them dabble. I've always been told that the whole state of Florida always has a negitive ratio on wire business because of all the incoming. The thing I have never understood is, if incoming is so much a part of the flower business down there, how can so many shut their phones and Mercs off so early on Christmas and Mother's Day. If you talk to any grower up here that only has the opportunity to sell outdoor plants for for 60 days in the Spring and the money he makes must carry him through the year, you will find that grower open almost 24 hrs a day, 7 days a week until the end of the growing season. How come florists down there don't look at it the same way?





Yes, I'm kidding, Mark!!!

 

[BOSS]

Along with FTD...

Here's a little ditty on 800Flowers... soon to be the darling of the flower industry as far as Wall ST goes anyway...

 

[Griff]

alot of growth..

not much profit.

Let me see. Total revenue for the quarter is $180 million and you only LOSE $821, 000. At that rate, if they can increase the quarterly revenue figure to $196 million, they can findly get out of the RED.

Boy, everyone is making money in this business!! Got any friends you'd like to talk into coming into the flower business?

And one other thing. Please note that only those revenue figures posted on based on only 58% current customers. I wonder whose customers make up the other 42%?

 

[goldfish]

And why does the market jump on this stock with this kind of information?

That's because Wall Street cares about "per-share" growth, not actual growth itself. Even if your company isn't growing, if you can somehow reduce the number of company shares, you're "growing" in terms of growth per share.

That's what FTD did; i.e., re-purchasing the shares, thus reducing the number of shares outstanding. Their 8-K report says they spent about $15 million bucks to buy back 1.2 million shares (out of 28-29 million shares). Not sure how they financed this stock re-purchase, though. You need an audit report to find this out.

Anyway, by reducing the number of shares, the growth per share will of course increase, thus beating the analysts' expectations and the stock price increases.