Tuesday, March 27, 2007

IPO Hardball! Weekly Analysis - Big Week for IPOs and a Review of Last Week

This cast starts with a review of last week's IPOs and their performance. The following show: Company (ticker), IPO size, % change from IPO price, sector, grade, and score.

CastlePoint (CPHL) $89mm, +11%
property/casualty insurance/reinsurance: C+, 7

Cheniere Energy Partners (CQP) $283mm, +3.5%
LP for LNG terminal in Louisiana: C+, 7

Glu Mobile (GLUU) $84mm, flat
Publishes games for mobile telephones: C+, 7

And Blackstone filed a private equity IPO

This weeks IPOs include:

Aruba Networks (ARUN), $72mm
secure data wireless networking: C+, 8

Capital Products L.P (CPLP) $236mm
shipping vessel partnership: C+, 7

eTelecare Global (ETEL) $74mm
voice-based business outsourcing: C+, 7

Flagstone Reinsure (FSR) $175mm
property and casualty reinsurance: C+, 7

GSI Technology (GSIT) $58mm
SRAM integrated circuits: C+, 6

SenoRx (SENO) $66mm
medical devices: C, 8

Super Micro (SMCI) $84mm
high performance servers: B-, 7

Other companies mentioned in this cast are: (ARUN) (AXP) (BX) (CPHL) (CPLP) (CQP) (CSCO) (CY) (DELL) (ETEL) (EXLS) (GLUU) (GSIT) (HPQ) (IBM) (JNJ) (MOT) (SENO) (SMCI) (TWX) (WIT)

Friday, March 23, 2007

IPO Hardball! Weekly Analysis - The Blackstone Group L.P.

The Blackstone Group L.P. $4 billion proposed IPO; proposed symbol (BX)

The Blackstone Groupis a leading global alternative asset manager and provider of financial advisory services. One of the largest independent alternative asset managers in the world, with assets under management of approximately $78.7 billion as of March 1, 2007. The alternative asset management businesses includes management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds and closed-end mutual funds. Also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.

This cast also mentions Fortress Investment Group (FIG)

Tuesday, March 20, 2007

IPO Hardball! Weekly Analysis - This Weeks Roundup and Blackstone Comments

This week Mr Gaskins looks at CastlePoint (CPHL) is a Bermuda holding company organized to provide property and casualty insurance and reinsurance business solutions, products and services primarily to small insurance companies and program underwriting agents in the United States. Tower Group Inc. (TWGP) is the sponsor for Castle's IPO

Cheniere Energy Partners (CQP) is a limited partnership formed in November 2006 by Cheniere Energy, Inc (LNG) Cheniere Energy Partners has been authorized to list its common units on the American Stock Exchange under the symbol CQP. The partnership will develop, own and operate the Sabine Pass liquefied natural gas receiving terminal under construction in western Cameron Parish, La. Other energy related IPOs so far this year include Duncan Energy Partner (DEP) Legacy Reserve (LGCY) MV Oil Trust (MVO) Targa Resources (NGLS)

Glu Mobile (GLUU) is a leading global publisher and developer of more than 100 casual and traditional games for the mobile market based on third-party licensed brands. Competitors include Electronic Arts Inc. (ERTS) and THQ Inc. (THQI)

Also hear comments about private equity firm Blackstone's potential IPO.

Data on last weeks IPOs are as follows: FCStone Group (FCSX) +30% BigBand Network (BBND) +28% Tongjitang Chinese Medicines (TCM) -2.5%

Friday, March 16, 2007

IPO Hardball! Observations From Prior Six Months

Of the 105 IPOs from October 20, 2006 through March 9, 2007, the average gain was 16% For the 10 companies in the tech sector, the average gain was 12%
Going into their IPOs Four were profitable AeroVironment (AVAV) IPG Photonics (IPGP) Opnext (OPXT) and Mellanox Technologies (MLNX)

Six were unprofitable Clearwire (CLWR) Guidance Software (GUID) Isilon Systems (ISLN) Salary.com (SLRY) Sourcefire (FIRE) and Switch and Data (SDXC)

Tuesday, March 13, 2007

IPO Hardball! Weekly Analysis - This Weeks Roundup and Review of Last Week

Follow-on analysis of Clearwire Corp. (CLWR) a wireless broadband company, Sourcefire (FIRE)
involved in network security, and Xinhua Finance Media Limited (XFML) a Chinese business and financial news corporation.

Discussed this week: BigBand Networks (BBND) who provides network platforms for cable operators and telephone companies. Competitors include Cisco Systems, Inc. (CSCO) Motorola Inc. (MOT)

FCStone Group (FCSX) a commodity risk management consulting firm. FCSX operates as an integrated FCM (futures commission merchant), which is an organization which assists primarily middle-market customers inoptimizing their profit margins and mitigatingcommodity price risk..

Photowatt Tech (PHWT) a company that designs, manufactures and sells photovoltaic solar cells & modules. Photowatt competitors include Suntech Power Holdings Co. Ltd. (STP) and SunPower Corporation (SPWR)

Tongjitang Chinese Med (TCM) is a specialty pharmaceutical company in China involved in modernized trad Chinese medicine. The flagship product, Xianling Gubao, is the leading
traditional Chinese medicine for the treatment of osteoporosis in China

Wednesday, March 7, 2007

Update: IPO Analysis of Fortress Investment Group

Fortress Investment Group LLC http://www.fortressinv.com/ (FIG) is a global alternative asset manager. The company earns management fees based on the size of funds, incentive income based on the performance of our funds, and investment income from principal investments in those funds . Founded in 1998 . Assets under management (AUM) have grown from $1.2 billion as of December 31, 2001 to $29.9 billion as of September 30, 2006.

Monday, March 5, 2007

IPO Hardball! Weekly Analysis (CLWR) (XGML) (FIRE) (OCGI)

This is the first full IPO Hadrball podcast. This week the following firms are covered.

Clearwire (CLWR) The Business builds and operates next generation wireless broadband http://en.wikipedia.org/wiki/Broadband_wireless networks that enable fast, simple, portable, reliable and affordable Internet communications.

Xinhua Finance http://www.xinhuafinance.com/en/ (XFML) The business acquired companies to build an integrated platform of media products and services . Outlets reach an estimated 210 million potential television viewers, a potential listening audience of 33 million people, and the readers of leading magazines and newspapers.

Sourcefire (FIRE) The business is a leading provider of intelligence driven, open source network security http://sectools.org/ solutions that enables customers to protect their computer networks in an effective, efficient and highly automated manner.

OncoGenex (OCGI) The business is a biopharmaceutical company committed to the development and commercialization of new cancer therapies http://en.wikipedia.org/wiki/Cancer that address treatment resistance in cancer patients. Product candidates are being developed to block the production of specific proteins associated with the development of treatment resistance which OGXI believes will increase survival time and improve the quality of life for cancer patients.