Friend Finder IPO Today
 

http://www.xbiz.com/news/133897

The thing that i love most about this is the numbers "The company had $346 million in revenue for the 12 months ending Dec. 31."

and if it is like their expenses last time they are about the same. not to mention the overhanging 250 million in debt they showed last time too.

THEY need this IPO , not the traders. I think I'll pass.

same here.

it was 400 million not 250 ;)

250 million in debt??? How the hell did that happen? geez.

I believe the debt is from their acquisition of friend finder.

http://mobile.reuters.com/article/id...10511?irpc=932

Down so far

Nice time for an IPO, right after fuckbook taken down and Facebook suing them. Yeah, I'm definitely investing :1orglaugh:1orglaugh

-16.80% lol

Will fake members make fake bids to drive up the price?

I put in a limit order for $5...

Its' tanking big time! -18.50% now!

They down over 25% earlier........

Im buying all i can get my hands on

Just check and say 7.6 up

Down almost 25% granted the overall market is down today. It will be interesting to see how this plays out in the coming weeks.

dating companies that went public in europe are going very very well though, lets see how it goes.

In any case, its exciting when a company from our industry is listed, doesnt happen too often...

Yo douche bag, stop linking to a site that promotes and makes money from .XXX

Why doesn't gfy filter the url?

this is a great opportunity for all investors







































not.

(NasdaqGM: FFN )
Real Time 7.80 Down 2.20 (22.00%) 3:45PM EDT
:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Damn, down 24% in the first day?

I don't see a lot of investors jumping on this with the FB lawsuit.

The thing that I love most about numbers is not the revenue but the profit, and in friendfinder's case, they had a net loss of $43.2 million over that 12 month period.

Fuck Xbiz, AVN gives you more info:

" The company’s revenue for 2010 was reported to be $346 million, with a net loss of $43.2 million. According to the filed statement."

http://business.avn.com/articles/vid...PO-434000.html

will lmao when this becomes a penny stock.

The GFY Playas will buy it all out:2 cents::thumbsup

They had a net loss of 43 Million just over the last 12 months. Sure their 300+ million in debt is mostly from their acquisitions, but even with out that the company is hemorrhaging money. I feel deep down inside they know its crashing, its going to all go under soon enough and some kind of way the CEO, owners, board members are using this ipo to make one big cash grab before the ship sinks, and of course screw the idiots who invest in the stock. I would bet anything they will be a penny stock or delisted, in bankruptcy protection or something in the next 1-3 years.


Look at the volume right when it opened:

http://charting.nasdaq.com/ext/chart...AM34=0|AI34=0-

That was probably Lars and Andrew cashing in on everything they had before it all goes to shit.

ffn.pk soon :1orglaugh

Closed at $7.85, down $2.15.

The entire IPO proceeds don't even pay for all their debt.

Their Revenue has been flat for the last year, their loss over $30m/yr.

This stock could be a buy one day, after it collapses to 5cents on the dollar and somebody new comes in to turn the business around :Oh crap

Link: http://eresearch.fidelity.com/eresea...duct=COMBINED&

An IPO to pay off 10% of their debt. :helpme

Fuck that.

So, how do we make money of this knowledge?

I don't think we can short this stock, even then who knows what lies ahead. Should be interesting!

Their interest expense is 89.7m/year. Now it will be 80.73m/year.

Unless something changes, they are on track to lose another 30m/year.

How much cash are they sitting on and how much more will they be allowed to borrow?

I don't think it's uncommon to see an IPO go down and close down on the 1st day.

I'm sure it will rebound

how do they operate if they're $40+ million in the red every year?

the fuck book lawsuit can eat away at a good chunk of that 50 million and if they lose they will end up with a penny stock

Shit happens

http://247wallst.com/2011/05/11/ipo-...emyfinder-ffn/

"With the whole slew of adult websites that FriendFinder has in its stable, we won?t even bother making up any more fake names? save one or two. FriendFinder just became EnemyFinder for IPO investors. Actually, maybe it is EnemaFinder.

There are some brokers with clients out there today that probably wished they never heard the combined themes ?social networking? and ?adult entertainment? in the same sentence. Calling your clients to explain a sudden 20% loss has never been a fun call. It will be pretty hard for the company and the underwriters to pin a crummy IPO like this on the volatility of currencies and commodities.

Read more: IPO Watch: FriendFinder Becomes EnemyFinder (FFN) - 24/7 Wall St. http://247wallst.com/2011/05/11/ipo-...#ixzz1M6dd11Lr
" :pimp

FFN needs the money to survive. Without it, they're done. Selling off to the liquidators.

On that note..

Any FFN employees who are looking for a job, hit me up.

the worst news for them is that for every dollar of revenue, they spent $1.14 to get it. you know those big brosmaster payouts?

what an opportunity to make a killing shorting a stock we all know is doomed - i'm amazed the IPO happened.

still worth shorting, it will be down 80% of the IPO price. any names of who bought big volume of it?

I believe AFF's best days are behind them. And as for Penthouse, I don't even know what they do these days. Magazines are dead. Their online presence is not substantial. I think Brazzers should do an IPO.

Highly profitable porn companies have 0 incentive to go public.

oh my god - what a BARGAIN! I'm buying all I can. This is a long term stock and it's 20% undervalued! BUY NOW!

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

You can't be serious. Did you even read the financial report?

They loose money year after year and have a $500+ Million debt!

yes .................

All Penthouse does these days is acquires companies and sinks them.

"All you can?" what would that be 3 shares ?