Price is really taking a hit as we approach the earnings announcement. The guys at the top that sold all those shares sure were LUCKY that they sold when they did.
FTD Stock Price
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It had to be luck
It had to be luck. FTD would never have any insider trading. This is a corporation that is a model business, that prides itself in caring for it's customers and its florists. And now for another hit.
What a difference 6 months makes - http://finance.yahoo.com/q/bc?s=FTD&t=6m&l=on&z=m&q=l&c=FLWS
FTD's Market Cap ($380.02M) has fallen below the price the Green Group paid ($420M) in 2004. The price per share has again fallen below its value at IPO.
Honestly, I think part of FTDs troubles are as result of the continuing fall-out from the V Day Merc fiasco. Can't believe they never openly disclosed it to shareholders. Yes, it would have probably hinked the big March offering by Green, but a disgruntled share holder with a good attorney may have a case.
FTD's Market Cap ($380.02M) has fallen below the price the Green Group paid ($420M) in 2004. The price per share has again fallen below its value at IPO.
Honestly, I think part of FTDs troubles are as result of the continuing fall-out from the V Day Merc fiasco. Can't believe they never openly disclosed it to shareholders. Yes, it would have probably hinked the big March offering by Green, but a disgruntled share holder with a good attorney may have a case.
BOSS
FlowerChat Administrator
BOSS
FlowerChat Administrator
Let me know when you get up, so we can resume testing of that NWS order transfer system.
Up 15% for the day after earning report (Nov 9). Down 6% after hours (as of 5 pm EST). It's a wild swing. Invenstors don't know how to interpret the earning report.
On the one hand, there are two good news from investor's point of view. (1) Earning is up and (2) CEO resigned. Bad news is that the (domestic) revenue is struggling; in other words, they appear to be shrinking.
On the one hand, there are two good news from investor's point of view. (1) Earning is up and (2) CEO resigned. Bad news is that the (domestic) revenue is struggling; in other words, they appear to be shrinking.
The CEO did not resign - he was promoted to a higher position according to the phone call I got today.
The CEO answers to the Board of Directors and he will now be the Chairman of that.
unless it's all spin but what would ever make me think that?
The CEO answers to the Board of Directors and he will now be the Chairman of that.
unless it's all spin but what would ever make me think that?
As I said before: I've worked for a couple of big companies where the head guy was Chairman and CEO. THAT would have been a promotion. This is not. It was probably not his decision, but--he's probably ready to move on.
Sher
New Member
Did you bite your tongue off on that one or just nip it a little...too funny Fox..too funny.
Sher
BOSS
FlowerChat Administrator
From another source...Internet Retailer Online....
FTD’s U.S. customers ordered fewer flowers online in first quarter
U.S. consumers ordered fewer flowers online and by phone at FTD Group Inc. in the first quarter of fiscal 2008.
For Q1, FTD’s domestic consumer web sales dropped by 2.6% to about $40.6 million from about $41.7 in Q1 of fiscal 2007. Overall consumer web sales also declined year over year from to $45.7 million from $47.4 million. The web accounted for about 89% of FTD’s domestic consumer segment sales vs. about 88% in Q1 of fiscal 2007. The average domestic order in Q1 was $63.36, compared with $60.52 in the prior year.
Despite the moderate drop in U.S consumer revenue, FTD, No. 14 in the Internet Retailer Top 500 Guide, reported net income of $8.2 million on sales of $123.7 million in Q1, compared with net income of $5.4 million on revenue of $108.8 million in the first quarter of fiscal 2007.
"We are pleased with our first quarter performance," says FTD CEO Michael J. Soenen. "We were able to effectively manage revenue performance and marketing expenses across our domestic and international businesses.”
FTD’s U.S. customers ordered fewer flowers online in first quarter
U.S. consumers ordered fewer flowers online and by phone at FTD Group Inc. in the first quarter of fiscal 2008.
For Q1, FTD’s domestic consumer web sales dropped by 2.6% to about $40.6 million from about $41.7 in Q1 of fiscal 2007. Overall consumer web sales also declined year over year from to $45.7 million from $47.4 million. The web accounted for about 89% of FTD’s domestic consumer segment sales vs. about 88% in Q1 of fiscal 2007. The average domestic order in Q1 was $63.36, compared with $60.52 in the prior year.
Despite the moderate drop in U.S consumer revenue, FTD, No. 14 in the Internet Retailer Top 500 Guide, reported net income of $8.2 million on sales of $123.7 million in Q1, compared with net income of $5.4 million on revenue of $108.8 million in the first quarter of fiscal 2007.
"We are pleased with our first quarter performance," says FTD CEO Michael J. Soenen. "We were able to effectively manage revenue performance and marketing expenses across our domestic and international businesses.”
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