Holy Moly! FTD stock is plummeting. Down 10%-12% today. Not a good sign when volume is that heavy.
Ftd Stock Price
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BOSS
FlowerChat Administrator
Perhaps someone who knows more than us about the true situation! And if that sounds beastly to any Brit florist reading I'm sorry but read my editorial this month. Things will and have to change in 2008 and they know it. If there is a big seller then furry animals/floating transportation come to mind!
C
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Yeah... A few days ago it was at 13. Now its at 9.6.
But S&P is recommending it with a strong BUY vs 1800flowers.
I think my mattress would be better!
But S&P is recommending it with a strong BUY vs 1800flowers.
I think my mattress would be better!
steve
Well-Known Member
I know most of the big reatailers are annoucing their earning for December tomorrow . Wonder rather some insiders might be jumping off the ship
MANORVILLE
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Lots of movement for sure out in Market Land.
Coming into the big holiday season a downward spiral could have many hidden meanings.
Would like to hear more from Boss and CHR on this topic.
Kevin
Coming into the big holiday season a downward spiral could have many hidden meanings.
Would like to hear more from Boss and CHR on this topic.
Kevin
TexasFlowerGuy
New Member
Insider Trading....
Use this link to get a perspective on where one director feels the stock is going. It looks almost like he cant sell fast enough
http://biz.yahoo.com/t/02/831.html
All the best,
Use this link to get a perspective on where one director feels the stock is going. It looks almost like he cant sell fast enough
http://biz.yahoo.com/t/02/831.html
All the best,
im just another mushroom...
HERES SOME GOOD NEWS.. Apparently "Heinz tomato ketchup" have had an exceptional year sales wise and there chairman is really pleased with all his staff, by way of a reward and to show his appreciation each member of staff will be given THREE GOOD SLAPS ON THE BOTTOM!!!
.....sorry could'nt resist that one.......
FTD UK side keeps telling us how well we have done this year,sales are up market share is up hey its all good news......SO who or what is causing share price slide??...Oh to be a mushroom!!!!!
HERES SOME GOOD NEWS.. Apparently "Heinz tomato ketchup" have had an exceptional year sales wise and there chairman is really pleased with all his staff, by way of a reward and to show his appreciation each member of staff will be given THREE GOOD SLAPS ON THE BOTTOM!!!
.....sorry could'nt resist that one.......
how's price now?
Reading through any snippits of news i can find and it appears UK trade is holding it all together at the moment,how bad is ityour side?
Try as i might i can never find any stock market info on FTD price UK side,how's price per share today??
Reading through any snippits of news i can find and it appears UK trade is holding it all together at the moment,how bad is ityour side?
The stock price is up 18% today!! FTD "previewed" the quarter saying revenues are flat but profits are up big due to cost cutting. I think that some analyst even upgraded the stock which is amazing to me. Cost cutting, as most of you know, only goes so far.
Here is a much different perspective on the earnings.
http://www.reuters.com/article/marketsNews/idUKBNG32921820080114?rpc=44
Here is a much different perspective on the earnings.
http://www.reuters.com/article/marketsNews/idUKBNG32921820080114?rpc=44
Joe Mioux
Well-Known Member
I love simple moving averages analysis.
The margin between actual price and the moving average is the largest in years! That doesn't speak well for FTD in the near term.
Long term trend lines are down as well. I also see no decent technical trends either, no Heads and Shoudlers, no coiling prices, yada yada yada.
I just checked the 5 yr trend lines, LONG TERM RESITANCE is $9.35. I bet there are a whole bunch of Sell-Stops below $9.40.
joe
ps. i used to do this everyday for 5 years back in the 1980's
The margin between actual price and the moving average is the largest in years! That doesn't speak well for FTD in the near term.
Long term trend lines are down as well. I also see no decent technical trends either, no Heads and Shoudlers, no coiling prices, yada yada yada.
I just checked the 5 yr trend lines, LONG TERM RESITANCE is $9.35. I bet there are a whole bunch of Sell-Stops below $9.40.
joe
ps. i used to do this everyday for 5 years back in the 1980's
Here's where
I would tend to agree with you re UK propping it up although the Reuters story Bigted has just linked is very interesting ... not to mention scary. As the journo says there is a limit to how much you can cut from cost and if FTD/Interflora sales are flat yet Bloomnet are growing I would be a tad concerned.
You see while I know they are saying things are good in the UK I wonder where the growth in the UK is coming from and how good it is for the florist member.
An ex President told me that 12 years ago Interflora took 5,000,000 orders which were all flowers simply because they didn't sell anything else. It then dropped to 2.8 million and now it's circa 4,000,000. Trouble is that includes a whole host of other products and a huge amount of couriered items. I know values may have crept up but given there's a lot of cheapies as well, while I'm no mathmetician, to me that sounds like it isn't really that much better - especially for the florist member. What do others think?
As far as finding out things are concerned, if you go to www.ftdi.com and go to the bottom of the left hand column you'll see a link for investors relations. Click on that and all the filings of who's sold what shares and where the current price is is there as well as various reports. If you want a copy of the share offer document that gave details of their planned growth I can let you have one ... ping me a PM if you prefer.
C
I would tend to agree with you re UK propping it up although the Reuters story Bigted has just linked is very interesting ... not to mention scary. As the journo says there is a limit to how much you can cut from cost and if FTD/Interflora sales are flat yet Bloomnet are growing I would be a tad concerned.
You see while I know they are saying things are good in the UK I wonder where the growth in the UK is coming from and how good it is for the florist member.
An ex President told me that 12 years ago Interflora took 5,000,000 orders which were all flowers simply because they didn't sell anything else. It then dropped to 2.8 million and now it's circa 4,000,000. Trouble is that includes a whole host of other products and a huge amount of couriered items. I know values may have crept up but given there's a lot of cheapies as well, while I'm no mathmetician, to me that sounds like it isn't really that much better - especially for the florist member. What do others think?
As far as finding out things are concerned, if you go to www.ftdi.com and go to the bottom of the left hand column you'll see a link for investors relations. Click on that and all the filings of who's sold what shares and where the current price is is there as well as various reports. If you want a copy of the share offer document that gave details of their planned growth I can let you have one ... ping me a PM if you prefer.
C
ummmm!
Thanks for that Carrie,Joe and Bigted,here's my reason for asking, UK Interflora sold to FTD at a value per share £7.11p,now company value @ $10.00.So what if its possible to guage is the actual value of those uk shares now??...Where we undervalued as was said at the time,or over valued?and are we still worth around that price,but just being pulled down by badly performing States side revenue.
I'm bumping this up as I don't know the answer and haven't had time to ask my friendly financial person (aka my husband) but someone else (Like Joe) might but just not seen your question.
C
C
Joe Mioux
Well-Known Member
Oaf, Was Interflora over or undvalued at the time of the purchase?, Is FTD's U.S. performance pulling Interflora down?
I don't know the answer.
Or is it that Interflora's volume is less now than in the past? Carrington posted something like Interflora's volume is now around 4M orders v 5M 12 years ago.
It's probably a combination, but again I don't really have an answer for you.
I don't seriously follow FTD other than some casual observations. My earlier comments were based on Technical Analysis and not Fundamental Analysis. Back in the days when I was a Commodities Broker and Analyst, I relied on a combination of these types of Analyses to form opinions.
Believe it or not, the Technical side (reading charts) were usually pretty good ways to view future events. Today, there are a lot more computer models out there that rely on Technical indicators to get in and out of the markets or certain stocks.
I have been looking into FTD and its stock transactions of its officers and directors. It's interesting to see a lot of Options being excercised at $3 and then Sold at $15ish.
From just scanning down the price history, the low occured on 13 March, 2006 where the stock closed at $9.05.
It appears that FTD is on the low end of trading range of $9ish and $15-$17. This maybe why you are seeing some buy recommendations.
Sure wish I could get some of those Buy Call Options at $3.
Joe
I don't know the answer.
Or is it that Interflora's volume is less now than in the past? Carrington posted something like Interflora's volume is now around 4M orders v 5M 12 years ago.
It's probably a combination, but again I don't really have an answer for you.
I don't seriously follow FTD other than some casual observations. My earlier comments were based on Technical Analysis and not Fundamental Analysis. Back in the days when I was a Commodities Broker and Analyst, I relied on a combination of these types of Analyses to form opinions.
Believe it or not, the Technical side (reading charts) were usually pretty good ways to view future events. Today, there are a lot more computer models out there that rely on Technical indicators to get in and out of the markets or certain stocks.
I have been looking into FTD and its stock transactions of its officers and directors. It's interesting to see a lot of Options being excercised at $3 and then Sold at $15ish.
From just scanning down the price history, the low occured on 13 March, 2006 where the stock closed at $9.05.
It appears that FTD is on the low end of trading range of $9ish and $15-$17. This maybe why you are seeing some buy recommendations.
Sure wish I could get some of those Buy Call Options at $3.
Joe
explanation accepted.
Thanks for that joe,those buy call options handed out with a knowing nod,so we are at the low end of stock price range,how comforting.
Thanks for that joe,those buy call options handed out with a knowing nod,so we are at the low end of stock price range,how comforting.
BOSS
FlowerChat Administrator
FTD's stock price sure has had a wacky week. It got a big 'pop' Monday on the preliminary forecast that earnings were up - but has dropped back down to where it was last week (around $9.50/share) in just 48 hours.
Another FCer sent me a link to this AP article from Monday. It contains some very telling quotes by stock analysts:
A different article cited the growth of Bloomnet as part of FTD's problems - yet 1-800-Flowers' stock has tanked lately, too. View the chart for both compared to the S&P.
1800's earnings call is Jan 24 and FTD's is Jan 30. With Soenen & Van Cleve both gone, does anybody know who's actually running FTD?
Another FCer sent me a link to this AP article from Monday. It contains some very telling quotes by stock analysts:
Emphasis mine.
A different article cited the growth of Bloomnet as part of FTD's problems - yet 1-800-Flowers' stock has tanked lately, too. View the chart for both compared to the S&P.
1800's earnings call is Jan 24 and FTD's is Jan 30. With Soenen & Van Cleve both gone, does anybody know who's actually running FTD?
BOSS
FlowerChat Administrator
Well I'll be....
So if Wall Street thinks their model is "fundamentally broken" could it be that it's only a matter of time before they go bust...and I would think this would not be good news to any prospective future buyer.
So if Wall Street thinks their model is "fundamentally broken" could it be that it's only a matter of time before they go bust...and I would think this would not be good news to any prospective future buyer.
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