initial public offerings (IPOs) trading on American exchanges

Wednesday, May 27, 2015

Michael Kors (KORS) reported earnings Wed 27 May 2015

charts before earnings

charts after earnings

Sharply lower on the day are shares of Michael Kors Ltd. (KORS) after posting fiscal Q4 profits of $0.90 per share, one cent below consensus forecasts, and revenue increases +17.8% year-over-year of $1.1B, in line with estimates. The big downturn seems to be related to the Q4 same store sales results that were -5.8% year-over-year versus the +5.5% that was expected. The fashion clothing and accessory maker also issued Q1 and full year guidance that was below expectations. Equity volume was huge in just the first 2 hours of the day, with more than 35M shares changing hands compared to normal full day volume of about 3M shares. KORS shares were already about -19% YTD. Option activity is surprisingly neutral with a volume put/call ratio of 1.16 compared to an open interest put/call ratio of only .99. 8 of the 10 most active contracts were puts with by far the largest activity on 06/19/2015 45 puts, with over 13k contracts traded. This was made up primarily of 2 blocks (1k & 9k) which traded at 9:41 & 9:42 ET at the ask price of .35. These appear to be opening buys (which implies bearish activity) given the open interest was only 8 contracts previously.



Friday, May 22, 2015

Signature Group (RELY) trading on the NASDAQ on 24 February 2015


Signature Group Holdings, Inc. (Signature) is a holding company. The Company seeks to invest its capital in businesses concentrated in the United States industrial and commercial marketplace. The Company’s is experienced in acquiring, building, and managing businesses. It has capital resources and also maintains federal net operating loss tax carryforwards.


15301 Ventura Blvd Ste 400
SHERMAN OAKS, CA 91403-6629
United States 

Key stats and ratios

Q4 (Dec '14)2014
Net profit margin44.65%9.65%
Operating margin-4.25%-11.93%
EBITD margin--5.71%
Return on average assets21.64%3.82%
Return on average equity33.31%6.11%

Thursday, May 21, 2015

Community Healthcare Trust (CHCT) began trading on the NYSE on 21 May 2015

  • The real estate investment trust was formed to buy and own properties leased to the health care industry.

Community Healthcare Trust Incorporated (Community Healthcare Trust) is a holding company. The Company is engaged in providing healthcare real estate and senior living real estate services. The Company is focused on the acquisition of properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers located in non-urban markets. Community Healthcare Trust is focused on investing in real estate, real estate mortgages, securities of or interests in persons primarily engaged in real estate activities and other issuers, and other securities. The Company's subsidiaries include Community Healthcare OP, LP and Community Healthcare Trust, LLC, among others.


354 Cool Springs Blvd Ste 106
FRANKLIN, TN 37067-1689
United States

Press Ganey Holdings (PGND) began trading on the NYSE on 21 May 2015

  • profitable company with a steady string of double-digit revenue growth 

Baozun (BZUN) began trading on the NASDAQ on 21 May 2015

  • Alibaba Group (NYSE:BABA) holds an 18% stake in BZUN

Baozun, which helps brand partners execute e-commerce strategies, priced at 10, below its expected range of 12 to 14. It offered 11 million shares, raising $110 million. The consensus was that Baozun was priced above investors' comfort level. The stock closed at 10.44, up just 4.4%.

Shopify (SHOP) began trading on the NYSE on 21 May 2015

  • Shopify provides a cloud-based e-commerce platform designed for small- and medium-size businesses. Merchants use its software to run their business across all of their sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar retailers. 
  • Its competitors include Amazon (NASDAQ:AMZN), Oracle (NYSE:ORCL) and eBay (NASDAQ:EBAY).
  • In the first quarter, Shopify reported revenue of $37.3 million, up 98%, and a net loss of $4.5 million.
  • The lead underwriters are Morgan Stanley and Credit Suisse. Shopify will list on the NYSE under the ticker SHOP, set to begin trading Thursday.

Shopify founder and CEO Tobi Lutke

Shopify increased the price of its IPO, indicating strong demand for shares of the provider of e-commerce services for small to medium-sized businesses.

Shopify raised its offering price to a range of 14 to 16 a share, from 12 to 14. At the midpoint, Shopify would raise nearly $116 million by selling 7.7 million shares and have a valuation above $1 billion.

The initial public offering is set to price late Wednesday and begin trading Thursday on the NYSE under the ticker SHOP.

The Ottawa, Canada-based company provides a cloud-based platform that businesses use to manage their stores across multiple sales channels, including Web, mobile, social media and brick-and-mortar locations.

Shopify says it powers over 165,000 businesses worldwide. Its customers include Tesla Motors (NASDAQ:TSLA), Budweiser, Google (NASDAQ:GOOGL) and Wikipedia.
Its competitors include (NASDAQ:AMZN) and Oracle (NYSE:ORCL).

In Q1, Shopify reported revenue of $37.3 million, up 98% from the year-earlier quarter, and a net loss of $4.5 million.

Shopify is one of five IPOs this week expected to raise about $1 billion in proceeds. These include e-commerce technology provider Baozun, which plans to raise $143 million by offering 11 million shares at a price range of 12 to 14 per share.

China-based Baozun provides e-commerce services designed to help its brand partners establish a market presence and launch products on official brand stores and major online marketplaces. With the offering, Alibaba Group (NYSE:BABA) will have an 18.2% stake in Baozun. It will list on the Nasdaq under the ticker BZUN and is set to begin trading Thursday.

Black Knight Financial Group (BKFS) began trading on the NYSE on 20 May 2015

  • Black Knight Financial Group, a provider of technology services, including data analytics, to the mortgage industry. 
  • The company plans to raise $400 million by offering 17 million shares at a range of 22 to 25.
  • Black Knight said its customers include 21 of the 25 largest U.S. mortgage originators and all of the 25 largest U.S. mortgage servicers, among other financial institutions and real estate professionals.
  • Black Knight is being spun off by Fidelity National Financial (NYSE:FNF).
  • The lead underwriters are JPMorgan (NYSE:JPM) and BofA Merrill Lynch. Black Knight will list on the NYSE under the ticker BKFS, starting Wednesday

Black Knight Financial Services, Inc. is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation and data and analytics to the mortgage industry. The Company operates through two segments: Technology, and Data and Analytics. The Company's Technology segment offers software and hosting solutions that support loan servicing, which includes the core mortgage servicing, specialty mortgage servicing, including loss mitigation and default workflow management, loan origination and settlement services. Its Data and Analytics segment offers solutions support its technology products in the mortgage, real estate and capital markets industries. These solutions include property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Its subsidiaries include Black Knight InfoServ, LLC and Black Knight Financial Services, LLC.


601 Riverside Ave
United States 

Tuesday, May 19, 2015

Etsy (ETSY) reported earnings on Tue 19 May 2015 a/h

charts before earnings

charts after earnings

Etsy Inc. said its loss widened on write-downs related to changes in its corporate structure and other one-time items that masked continued revenue growth at the online marketplace for crafts and vintage items.

Shares fell 14% to $18.03 in recent after-hours trading as the company's revenue fell short of expectations. Through Tuesday's close, the stock had risen 31% from its initial public offering price of $16 last month. On its first day of trading in April, the stock surged as high as $35.74 before closing at $31.

Etsy was founded in Brooklyn in 2005, and it makes money by charging fees to sellers that use its platform. It doesn't produce anything itself. The company has incurred net losses in the past three years, even as revenue has increased sharply.

Overall, for its first quarter that ended March 31, Etsy reported a loss of $36.6 million, or 84 cents a share, compared with a year-earlier loss of $463,000, or a penny a share. Revenue jumped 44% to $58.5 million.

Analysts polled by Thomson Reuters expected per-share profit of three cents and revenue of $59 million.

Gross merchandise sales--which include items such as shipping fees and net refunds--climbed 28% amid growth in the number of active sellers and buyers.

The number of active sellers rose to 1.4 million from 1.1 million a year earlier. As defined by Etsy, an active seller has been charged fees in the past 12 months for items such as transactions, listings and direct checkout.

The number of active buyers--or those that have made at least one purchase in the past 12 months--increased to 20.8 million from 15.3 million a year earlier.

Gross margin rose to 64.6% from 62%. Total operating expenses surged 73%, driven mostly by higher marketing and overhead costs.

Momo (MOMO) reported earnings on Mon 18 May 2015

daily and weekly

daily heikin

Long trade : CMCM +30% (5/15)

Box (BOX) : 4-month performance

InVitae (NVTA) began trading on the NYSE on 12 Feb 2015


Invitae Corporation is a genetic information company. The Company is engaged in genetic diagnostics for hereditary disorders, including breast, colon and pancreatic cancer. The Company utilizes an integrated portfolio of laboratory processes, software tools and informatics capabilities to process deoxyribonucleic acid (DNA)-containing samples, analyze information about patient-specific genetic variation and generate test reports for physicians and their patients. The Company offers the following panels: Featured cancer panels, Featured cardiology panels and Featured neurology panels. The Company’s tools and services include genetic counseling services, to explain complex genetic concepts; Family History Tool, which allows digitally recording the patient’s pedigree, assessing their risks, as well as deciding on the appropriate genetic test, and Clinvitae, a database of clinically-observed genetic variants aggregated from public sources.


458 Brannan St
SAN FRANCISCO, CA 94107-1713
United States

Key stats and ratios

Q4 (Dec '14)2014
Net profit margin-1749.14%-2960.85%
Operating margin-1746.63%-2952.12%
EBITD margin--2807.79%
Return on average assets-60.80%-52.22%
Return on average equity--

Tantech Holdings (TANH) : 2-month performance

**  update 3 months later : 15 Aug 2015  **
+100% gain

Thursday, May 14, 2015

King (KING) reported earnings on Thur 14 May 2015

charts before earnings

daily and weekly

daily heikin

charts before earnings

Ireland-based video game developer King Digital Entertainment (NYSE:KING) dived 9%. Its late Thursday report showed Q1 revenue and earnings well above analyst estimates, but management warned gross bookings would see some impact from game release schedules and a stronger dollar in Q2. The stock has been in a general uptrend since October, trying to climb out of a 15-month consolidation and ending Thursday 33% below its March 2014 IPO price.

Shake Shack (SHAK) reported earnings on 11 May 2015

  • 2nd earnings report since going public on 1/30/15

El Pollo Loco (LOCO) reported earnings on Thur 14 May 2015

** charts before earnings **

daily and weekly


daily heikin ashi

** charts after earnings **

In stocks, El Pollo Loco (NASDAQ:LOCO) tanked 14%, despite clearing most analyst hurdles in a Q1 report delivered late Thursday. The sticking point appeared to be management's earnings guidance, which met current consensus estimates but apparently disappointed investors anticipating an increase. The stock has been consolidating since August, but ended Thursday still 94% above its July IPO price.

daily heikin

Sunday, May 10, 2015

Bojangles (BOJA) began trading on the NASDAQ on 8 May 2015

  • Bojangles (NASDAQ:BOJA), a Southern-style chicken-and-biscuit chain that has 258 company-operated and 377 franchise locations. 
  • Bojangles raised $147 million by selling 7.75 million shares at 19.

Owns, operates and franchises a 201-unit, fast-food restaurant chain that specializes in Cajun-style chicken and "fixins." The company owns and operates 121 units and franchises the remaining 80 units.


9432 Southern Pine Blvd
CHARLOTTE, NC 28273-5553
United States