UPDATE: As of this afternoon (May 1st), I've not received even a single guess. And that's in spite of the fact that this post has had 258 page-views since it was first posted. As a further hint, the company's (see contest question below) market-cap, as of this minute is in between $32.0 and $33.0 BIL. If you know how to use Google Finance's 'stock screener' feature, you will come up with the correct answer in less than 5 minutes.
___________________
This is the “new normal” way to become a billionaire???
___________________
This is the “new normal” way to become a billionaire???
I’ve been
writing, off an on, about Textura Corp (NYSE: TXTR) since before it went public
last year. Textura, a company operating
in the A/E/C Industry SaaS space, has yet to report a profit, but, in spite of
that, had, at one point last year, a market cap of over $1 billion. More recently (after a scathing report from
Citron Research), TXTR has come closer to earth, recently trading in the low
$20.00 range (after hitting a high of $45.63 last October 1st.) Note that at $20.00 per share, TXTR has a
market cap of $496 million. To put that
market cap into proper perspective, TXTR’s revenues were $12 million for the
quarter ended 12/31/13. Uh huh, that’s
correct, a company that achieved $12 mil in sales for a quarter is valued at
around $496 mil. Hmmmm. Well, in recent years, it’s been fairly
common for tech-related companies to go public without any earnings and without
any near-term prospects of earnings. On
a message board today (Yahoo Finance, TXTR), someone suggested that TXTR is
following another company’s footsteps – to achieving significant market
cap. Apparently, in this game - building market cap in the SaaS space - the more
you lose, the more you’re worth.
CONTEST:
Now, as to the CONTEST, the first person who
e-mails me the name of the company whose numbers appear below wins a $100.00
check for his/her favorite charity. (Disclaimer:
Ben Stein and I graduated from the same high school.)
To which company do these interesting numbers
belong?
E-mail your answer to joel.salus@mac.com
HINTS:
-the company is listed on NYSE
-the company is in the SaaS business
-some reprographers use this company's SaaS
product
In Millions of USD | ||||||
year-end | year-end | year-end | year-end | |||
1/31/14 | 1/31/13 | 1/31/12 | 1/31/11 | |||
Revenue | $4,071.00 | $3,050.20 | $2,266.54 | $1,657.14 | ||
Operating Income | $(286.07) | $(110.71) | $(35.09) | $97.50 | ||
price per share | ||||||
at end of fiscal year | $60.53 | $43.03 | $29.20 | $32.28 | ||
Market Cap (prox) | $36.9 BIL | $24.3 BIL | $15.8 BIL | $17.6 BIL |
No comments:
Post a Comment