Facebook: 5 year Anniversary of IPO

May 18,2012 Facebook IPO $38 @ Morgan Stanley
FACEBOOK PROSPECTUS 
May 15,2017 $150.33 
300% return in 5 years 
31% Annualized Return 5 yrs

May 18,2012 S&P 500 @ 1295
May 15,2017 S&P 500 @ 2390
85% return 5 years
13% Annualized Return 5 yrs

Check out this chart from StockCharts.com for FB

Under Armour Cash Flow Should Have Investors Running Away

"Stocklemon believes that StockDiagnostics.com is one of the best stock advisory sites on the web.  It judges companies based on a proprietary OPS rating and covers both long and short positions."---------September 22,2003 Andrew Left founder of Citron Research

Stockdiagnostics.com in Barron's

about Equities Research @stockpicker908 tweeter handle

(my former twitter handle was @GFNNStock)

"From time to time I'm asked about analysts, diggers whose work I really respect, who do things well. Tom Renna, @GFNNstock, is a must follow— Roddy Boyd (@BoydRoddy) September 7, 2013

Feb. 5,2015 -- Under Armour CEO Kevin Plank talks about why he's buying the MyFitnessPal and Endomondo apps for a total of about $560 million.
         Equities Research Looks at Under Armour

*Negative Cash Flow (~goodwill $472 million)

*Class Action Lawsuit Settlement

*CEO New Stock Trading Plan

*Series Class C Shares
CFO/COO Departure
*Morgan Stanley Downgrade $62 (1/30/16) 

On Thursday morning Under Armour (NYSE: UA) reported FY2015 earnings sending the stock $20 higher from $65.58 to close the week @ $85.43. Up 30% in two days.

Record Sales and earnings were super impressive, but a close look at the cash flow statement raises a RED FLAG.

note: As of Sunday (1/31/16) Under Armour has not yet filed their 10K annual report with the Securities and Exchange Commission as of this morning so we are not able to dig deep into footnotes and other exhibits at this time.

A look at the 8K filed on Thursday can be found here. 

Before I jump to the FY2015 Negative $44 Million Operational Cash Flow, lets look at 2 recent SEC filings that should make investors wonder how many total shares are really outstanding when including Class A, Class  B and Class C shares.

Shares Fall 8.5% in 1 day
On November 12,2015 Under Armour traded at $94.16 with volume of 3 million shares.
On November 13,2015 Under Armour traded at $86.08 with volume of 7 million shares.
What happened?
At 10am November 12th CEO Kevin Plank filed this SC 13D/A with the Securities and Exchange Commission.

"(Kevin Plank) entered into a pre-arranged stock trading plan to sell shares of the Issuer’s Class B Common Stock and, if and when issued, the Issuer’s Class C Common Stock."

"If the Reporting Person completes all the planned sales under this trading plan, he would beneficially own 35,700,000 shares of Class B Common Stock and Class A Common Stock, representing approximately 16.6% of the total shares of Class A and Class B Common Stock outstanding as of September 30, 2015 and representing approximately 66.5% of the combined voting power of the Issuer outstanding as of September 30, 2015". 

• CEO Kevin Plank sold 450,000 shares November 23rd. Sold at an ave price of $91.99,( $41,395,500.00) 

Consolidated Class Action Lawsuit
August 14,2015 this DEFA 14A filing with the Securities and Exchange Commission was filed.

"Under Armour ..is currently involved in a consolidated class action lawsuit brought against the Company and the members of the Company’s Board of Directors on behalf of purported stockholders of the Company in connection with the creation by the Company of a new class of common stock, referred to as the Class C common stock, par value $0.0003 1/3 per share"

LAWSUIT SETTLEMENT OCTOBER 2015 
Shares declined from an all time high above $100 in October to a 52 week low in January 2016 

October 7,2015 8K Settlement

October 13,2015 8K COO/CFO Departure



Are You Still Long?
Operational Cash Flow for FY2015 was NEGATIVE $44 Million!
vs
Operational Cash Flow FY2014 of Positive $219 Million.

Year over Year Operational Cash Flow declined by $263 Million

Operational Cash Flow
FY2010: $50 million
FY2011: $15 million
Fy2012: $200million
FY2013: $120 million
FY2014: $219 million
FY2015: NEGATIVE ($44 Million)

Cash Flow used in 2 Acquisitions during 2015.
$475 million for MyPalFitness.com
$85 million for Endomondo
$560 Million total cost, 
$472 million GOODWILL 

Under Armour 
Stock Price has had a History of Following Cash Flow.
November 18,2005 IPO
 Under Writer: Goldman Sachs. 9.5 million shares @ $13 (adj for 2 (2 for 1)splits $3.25).

Shares went from $13 to $68 on August 21,2007.

Enter Equities Research

Equities Research went bearish (A-E) on UA at $68 to $15 before going Bullish.(F)

A Short $68  (70% profit in 15 months)
Hottest Stock with Weakest Cash FLow August 21,2007 $68
 

B.Short $48  (58% profit in 1 year)
Large Caps May Not Always Be Less Speculative

C. Short $ 45 (55% profit in 9 months)

Love Your Valentine, Not Your Stocks

D. Short $38   (47% profit in 3 months)

Beware:  Standard & Poors Adds A Poor Quality Stock to Index

E. Short $33   (40% profit in 3 months)

Easy Money : SHORT UNDER ARMOUR

F. long $15 GFNN news story upgrade

Tuesday, July 24, 2012

Renna Warning on Under Armour Mentioned on CNBC-TV (Herb Greenberg)

Monday, July 30, 2012

Under Armour's Special Effects

by Michael Markowski, Director of Research @ Stockdiagnostics
July 30,2012

December 2012: Stockdiagnostics the Utility
Finding Stocks that Fall 30% to 99%

29 GFNN STOCKDIAGNOSTICS Portfolios created by Equities Research founder , Tom Renna

Jim Cramer Says Google’s Stock Is Heading to $800 a Share

Cramer Bullish : GOOGLE (GOOG), Sketchers (SKX), Walgreens, AT and T (T), Intel (INTC), AGN

JIM CRAMER recently filed a Form 4 with Securities and Exchange Commission to report he has added to his position the THESTREET (TST) where he is the founder and a director.
Shares of the TheStreet have gained 10% since his purchase on November 6,2015.

FOLLOW THESTREETTV AT TWITTER

Tweets by @TheStreetTV

TIME TO BUY HERSHEY....Before Maybe Buffett does

Equities Research Rating: STRONG BUY

November 18,1981 Hershey went Public @ $37 per share, ( $1.54 adjusted for splits and dividends )

$17,000 on November 18,1981 would be worth $1 million today.

Annual Report

Incorporated October 24,1927



Hershey Stock Splits.


Market Cap: $14 Billion
Shares Outstanding: 224 million
Closing Price: $88.83
Sales: $7.4 Billion
Income: $846 million
EPS: $3.77 per share
PE: 23
DIV yield:  2.41%

HERSHEY FACTS  (CHARTS OF SUGAR PRICES AND COCOA PRICES)

Analysis of Warren Buffett Purchase of Heinz

GO DADDY Initial Public Offering (IPO)

Go Daddy Inc. is set to go public today on the New York Stock Exchange through an underwriting led by JP Morgan Securities (JPM), Citibank (C) and Morgan Stanley (MS).

PROSPECTUS  (issued March 19,2015)

PROSPECTUS (issued June 9,2014)

Ticker: GDDY

• expected raise: 25.3 million shares @ $19 , $480 million.

• expected market capitalization : $4.2 billion

2014 Sales: $1.4 Billion
2014 Loss : $143 million
Long term Debt as of 12/31/2014:  approx $1.4 billion

CASH FLOW

Year Ended December 31,
		2012				2013				2014
		(in thousands)
Net cash provided by operating activities		$	106,110			$	153,313			$	180,568
Net cash used in investing activities			(59,365	)			(208,466	)			(107,319	)
Net cash provided by (used in) financing activities			(35,087	)			91,120				(29,711	)
Net increase in cash and cash equivalents		$	11,658			$	35,967			$	43,538

GO DADDY originally filed with Securities & Exchange Commission in 2006 before withdrawing due to poor market conditions.
2006 Filings:

• May 12,2006 (S-1)
• 
  
• June 16, 2006 (S-1 A)
• 
  
• July 17,2006 (S-1 A2)

Naked Shorting page 204 Prospectus issued March 19,2015

"In order to facilitate the offering of the Class A common stock, the underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of the Class A common stock. Specifically, the underwriters may sell more shares than they are obligated to purchase under the underwriting agreement, creating a short position. A short sale is covered if the short position is no greater than the number of shares available for purchase by the underwriters under the over-allotment option. The underwriters can close out a covered short sale by exercising the over-allotment option or purchasing shares in the open market. In determining the source of shares to close out a covered short sale, the underwriters will consider, among other things, the open market price of shares compared to the price available under the over-allotment option.

The underwriters may also sell shares in excess of the over-allotment option, creating a naked short position. The underwriters must close out any naked short position by purchasing shares in the open market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the Class A common stock in the open market after pricing that could adversely affect investors who purchase in this offering. As an additional means of facilitating this offering, the underwriters may bid for, and purchase, shares of Class A common stock in the open market to stabilize the price of the Class A common stock. These activities may raise or maintain the market price of the Class A common stock above independent market levels or prevent or retard a decline in the market price of the Class A common stock. The underwriters are not required to engage in these activities and may end any of these activities at any time"

FACEBOOK IPO

Facebook is scheduled to go public today at $38