Re: [CANSLIM] eIBD

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] eIBD
Date: Tue, 31 Dec 2002 19:29:13 -0500
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Kent, I have conceded defeat on this issue, hence my subsequent silence. I
am feeling older than usual, as I have had to learn I am of the apparently
now outdated school of capitalism where you market a good product for a fair
price. As Mike so well pointed out, in today's business, there does not need
to be any correlation at all between the cost of producing something, and
what you gouge, oops, I mean charge, a willing consumer. I certainly
recognized from member's comments over the past years that an e-version of
IBD, delivered worldwide and on time, would be of great value to
subscribers. IBD has failed to deliver such a product in paper form in
recent years, such as when I last subscribed years ago and had it on the
front lawn by 4 AM or so daily. Apparently they feel their failure to
deliver now constitutes a ready market for a higher priced eIBD that will
deliver on time like the paper used to.

While I acknowledge that I do not have the information such that I would
know if IBD (paper) was operating at a loss or profit, it just seems to me
that telling an existing paper subscriber that the service will be degraded
(and lying in the process), while offering the same prior level of service
but at a higher price and in electronic form (which likely costs a lot less
to produce) is simply not good marketing.

One member asked what DGO is worth. Good question. Without the inclusion of
a decent screening tool (unless I am willing to pay the substantial added
cost, which I am not), the cost to me is already being questioned, and I am
grandfathered (for the moment) under the old discounted program. From the
time that DGO was first in beta testing, I pointed out the need for a
screening tool. Had they added this tool at a moderate price, I would have
paid it even tho I felt it should have been already included, and had no
success during its beta period getting new ideas from it (unlike my free
online screening done elsewhere).

I am also willing to bet that future subscribers to eIBD will discover that
they will have to pay a handsome premium for retrieving any stories from the
archives, so they better learn to download and save anything they might
later need when it is still available. All forms of media have suffered from
the loss of advertising dollars in the past several years, disenfranchising
subscribers does not seem to me wise marketing.

While I would hope that my criticisms do not end up costing me my
grandfathered status for the discount, I am already presuming that it will
not be given on my next renewal (not necessarily anything personal, they may
do it to everyone). As we know, we have lurkers in this group who
undoubtedly will be printing and reporting my comments by the new year.
Having used WON products for about 13 years, they are familiar charts,
layouts, data. But so much more is available these days than when I first
subscribed online, and I am sure I can adjust. It is frustrating to me to
have to do my screening at a free site, then manually go thru the list at
DGO. I guess I must just accept that I am too old to understand marketing,
and increasing market share to the point of profitability, because what they
are doing with eIBD simply does not make good sense to me.

- ----- Original Message -----
From: "Kent Norman" <kent_norman@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, December 31, 2002 6:56 PM
Subject: Re: [CANSLIM] eIBD


They are probably using recycled electrons!

Kent

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> Ann, I am SHOCKED!!! Never realized that electrons over the net cost
> more to produce than ink on printed paper, not to mention all the
> humans involved in the paper version. Silly me, I figured since the
> paper was already in electronic form, an electronic version would be
> considerably cheaper than a paper version.
>
> And shame on IBD for blaming the carrier for stopping the home
> delivery service. I wonder if the delivery by electronic means will
> be discontinued as well if there aren't enough online subscribers for
> a particular area??
>
> Tactically, this doesn't seem to be a good marketing ploy to retain
> existing subscribers.
>
> ----- Original Message -----
> From: Ann
> To: canslim@lists.xmission.com
> Sent: Monday, December 30, 2002 4:22 PM
> Subject: Re: [CANSLIM] eIBD
>
>
> I received notification today from ibd that my paper will no longer
> be delivered, that it will now come in the mail instead. When I
> called ibd to ask about the change, I was told that my carrier was no
> longer going to deliver ibd, and that I could have two weeks free
> trying eIBD, since I lost my delivery. The guy said that they were
> doing that for all their customers who lost delivery and were going
> to receive ibd by mail. When I asked whether ibd was doing this on
> purpose to increase eIBD customers, the guy laughed and said that my
> carrier was no longer delivering ibd.
>
> But when I called my delivery service, they said that they received a
> letter from ibd recently stating that it was cost-prohibitive for ibd
> to pay to have so few papers delivered to one area, and that  they
> were going to mail the paper instead.
>
> So this seems to be part of another big business/marketing move on
> ibd's part.
>
> IBD costs 219/year. eIBD costs 295/year. I was told that I could have
> eIBD for the same price as ibd, if I so choose, until my subscription
> runs out. I think I might like the e-version, if it were at the same
> price, but I certainly don't like being railroaded into the decision
> by ibd.
>
> Ann
>
>
>   ----- Original Message -----
>   From: Tim Katona
>   To: canslim@lists.xmission.com
>   Sent: Monday, December 30, 2002 1:38 PM
>   Subject: [CANSLIM] eIBD
>
>
>          Hi,
>         While surfing I saw this at investors.com today, new eIBD
> coming soon.
>
>         "eIBD is an exact replica of Investor's Business Daily,
> available online within hours of the U.S. market close. Learn how you
> can now access IBD anytime.anywhere."
>
>         Happy Holidays!
>         Tim
>
>          Toronto Financial Forum
>         Learn how to select winning stocks using Investor's Business
> Daily and investors.com.
>
>         Date: January 23-26, 2003
>
>         Location:  Toronto, Ontario
>         CANADA
>
>         Visit Investor's Business Daily at the Financial Forum event.
> IBD will be in booth #906 and will also be conducting a free
> workshop. Be among the first to learn about IBD's newest resource,
> eIBD.
>
>         eIBD is an exact replica of Investor's Business Daily,
> available online within hours of the U.S. market close. Learn how you
> can now access IBD anytime.anywhere.
>
>         For more information about Financial Forum, including
> registration details, click on the banner below.
>
>


=====
There are 3 kinds of people in the world. Those who can count and those who
can't.

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