Go to Jeff Salisbury LWGate Home Page.From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: AW: [CANSLIM] ROOM
Date: Thu, 17 Jan 2002 11:07:35 -0700
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Your estimate for this year (2001) and next year differ from the consensus estimates I see at Quicken. They show .89 for 2001, and 1.00 for 2002. If that is a close approximation to what the numbers actually come in at, then ROOM is probably overvalued at this point. On 17 Jan 2002 at 18:45, Andreas Himmelreich wrote: > Hi Tom, > > What do you mean by soft year? > > Here the EPSs --> > > 0.2 > 0.29 > 0.69 > 1 (my estimation for 2001) > 1.5 (my estimation for 2002). > > Its a smal cap going to be a mid cap, no firm can perform as good as in the > first years of growth, that slows like > in all firms in this transistion phase. > > PE is moderate, I like the scalable business model. They surfed through > 9/11 businesswise in a good way. > > Hotels need ROOM, they provide a secondary room market in order to get > their hotels full on lower prices, while > still selling normal rates to groups that are not price sensitive (business > travel, not so smart shopers). > > Room is a marketer of hotel room capacity and if somthing hotels need in > though times then it is > to market their capacity on garanteed price levels in order to cover their > fix costs. > > ROI 12%, no dept, MGM owns 59% of the company. > > 4 Earnings suprises the last 4 Quaters. > > Here a summary (http://biz.yahoo.com/p/r/room.html) > > > Hotel Reservations Network, Inc. is a consolidator of hotel and other > lodging accommodations. The Company contracts with lodging properties in > advance for volume purchases and guaranteed availability of rooms at > wholesale prices, and sells these rooms to consumers often at significant > discounts to published rates. The Company's supply relationships also often > allow it to offer customers accommodation alternatives for otherwise > unavailable dates. In addition, through its wholly owned subsidiary, > TravelNow.com Inc., the Company offers customers the ability to book hotel > rooms, airline travel and car rentals. As of December 31, 2000, Hotel > Reservations Network had room supply agreements with approximately 2,600 > hotels in 97 major markets in North America, the Caribbean, Western Europe > and Asia, as well as 113 vacation rental properties in 17 markets in North > America and the Caribbean. > > > "Hotel Reservations Network is an online consolidator of hotel > accomodations, contracting with hotels in advance for volume purchases and > guaranteed availability of hotel rooms at wholesale prices which are then > sold to consumers. For the nine months ended 9/30/01, net revenues rose 73% > to $394.8 million. Net income rose 43% to $8.1 million. Results reflect > increased room sales through the Company's Internet sites, partially offset > by higher non-cash marketing costs." > > Andreas > > > > -----Ursprungliche Nachricht----- > > Von: Tom Worley [SMTP:stkguru@netside.net] > > Gesendet am: Thursday, January 17, 2002 5:45 PM > > An: canslim@lists.xmission.com > > Betreff: Re: [CANSLIM] ROOM > > > > Hi Andreas, > > > > I would be cautious with ROOM, great sequential sales growth not > reflected > > in sequential earnings growth. Year to year earnings comparisons nice, > but > > against a soft year. And with all that has happened since 9/11, hotels > are > > cutting prices to attract visitors and increase occupancy, and avoid > laying > > off staff or cutting services. > > > > So I would expect to see a continued erosion in their gross and net > profit > > margins. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > ----- Original Message ----- > > From: "Andreas Himmelreich" <judgejimmy@web.de> > > To: <canslim@lists.xmission.com> > > Sent: Thursday, January 17, 2002 11:34 AM > > Subject: [CANSLIM] ROOM > > > > > > > After this storm is over, Room might have built a nice CWH .... > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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