Surprised to see that LNKD has been able to hold $80. I don't see any impact this website is making and very little buzz around. I only know a handful of people that actually ever even visit the site. Will this be one of those stocks where the bottom falls out one week and it never sees $80 again. Id like to hear what others think about it.
I disagree - it is being heavily used. It is quickly becoming the recruitment tool for companies (and headhunters) looking for employees, and over the past six months I have seen explosive growth in new members and how they are using it. There are a ton of resources out there on how to properly build your profile to turn up in searches, and I know of three people who have gotten new positions through LNKD. Two years ago I didn't see the point, but they are quickly carving out a niche and I think they are here to stay.
I like the site as an electronic way of giving employers previews of your resume, but lnkd <b>does not make enough money to even be in the billions</b> Institutional ownership at 98% just signals a huge sell-off in this stock is coming: LNKD Industry Comparision:Vs. Internet Software & Services LNKD Industry Average Percentile in Industry Market Capitalization $7.59B $5.38B 97th Beta (1 Year Annualized) -- 1.27 -- EPS (Adjusted, 06/30/2011 TTM) $0.17 $12.99 69th Current Consensus EPS Estimate $-0.03 -- -- EPS Growth (TTM vs. Prior TTM) 240% +32.31% 95th P/E (TTM) AS OF 08/18/2011 463.71 39.51 99th Dividend Yield (Annual) -- 2.53% -- Total Revenue (TTM) AS OF 06/30/2011 $358.46M $16.45B 87th Revenue Growth (TTM vs Prior TTM) +112.43% +37.31% 94th Shares Outstanding 96,272,000 402,705,536 80th Shares Short* 2.31M -- -- Institutional Ownership 98.46% 71.58% EPS growth of 240% is good, but earnings are only at $0.17 per share. This leaves a PE ratio of 464. For growth to be accretive, we might say the peg at full value is at 1. This means whoever owns this stock is expecting a nearly 500% rise either in this year or the next year, but they will not earn any return if that happens because it is already in the stock.
I'm looking to short LNKD as the lockup expiry approaches. Details of lockup expiry here: http://seekingalpha.com/article/303...-attractive-value-proposition-for-advertisers
It's not clear how they can generate significant revenue. Depending on recruiters & headhunters purchasing premium memberships to justify your 8+ bil valuation is a pipedream. Times are tough in the job placement industry
Also filing to sell an additional $500 million in Class A shares http://twitter.com/Street_Insider/status/132198744811773952 http://twitter.com/CNBC/status/132199204427804673
S-1 for the $500 million of Class A shares is here: http://www.sec.gov/Archives/edgar/data/1271024/000119312511295272/d250692ds1.htm It talks about the lock-up expiration on page 28. Expiration will occur on 20 November 2011.
Press release here: http://finance.yahoo.com/news/LinkedIn-Files-Registration-pz-1644894923.html It says they are selling $100 million worth of shares in the PR, which contrasts to the $500 million in the S-1
http://twitter.com/Benzinga/status/132203498539454465 on $LNKD offering, $400 million is insiders selling, $100 million is actual secondary offering ** If we assume a share price of $80, then this represents 6.25 million additional shares. This compares to the current float of 5.31 million shares, according to Yahoo Finance. http://finance.yahoo.com/q/ks?s=LNKD+Key+Statistics
http://online.wsj.com/article/SB10001424052970203658804576639433460981352.html "Millionaire Watch: In Silicon Valley a Countdown Is Under Way Luxury Merchants Hope to Clean Up The Day LinkedIn Stock Unlocks"