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![]() Peapod (PPOD) (Page 2)
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| Author | Topic: Peapod (PPOD) |
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InvestorGuide Daily Administrator |
In brief: - Peapod is soliciting takeover offers from a range of suitors, including rival Internet-based grocers HomeGrocer and Webvan, according to sources. |
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JHirsch |
I just read that CEO Bill Malloy retired for "health reasons." It might just be spin, but if its actually true, should the investors have all bailed? Maybe that was just the last straw in a failed company. |
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trentr |
peapod continues to fall... http://www.herring.com/industries/2000/0317/ind-fea-grocer-home.html This article is somewhat positive for HomeGrocer and Webvan though... failure is not an industry-wide phenomena. |
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InvestorGuide Daily Administrator |
Investors may be losing interest in e-tail stocks as CDnow sinks on a failed merger, online grocer Peapod considers a sale on after the loss of its CEO and $120 million in funding, and shares of HomeGrocer barely hover above its IPO level. (source: Cnet) http://news.cnet.com/news/0-1007-201-1574648-0.html |
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trentr |
Its down to $3.72 at the close of trading. I was once high on this company because it was one of the first in the online delivery space... but it moved too slowly and deliberately to take advantage of being a first mover. With the CEO resigning that's a pretty big negative indicator. On a more pressing note, they have $3 million in cash on hand, and lost $9.1 million in the 4th quarter last year. The end is near. Here's an article about the company. http://www.wired.com/news/business/0,1367,34995,00.html |
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daffy |
Their house of cards is caving in. Today the stock plummeted (I know, it's hard to believe that a stock trading at 6 could plummet, but it did) after the CEO resigned, jeopardizing a planned $120 million investment by outsiders. The company now has only $3 million in cash, but the figure will probably be much lower by the time you read this message ![]() |
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Earnings Administrator |
Peapod (PPOD): -$0.50 reported, -$0.51 expected, -$0.35 same q last year. |
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trentr |
I have to agree with these assesments. I used to be high on this stock... that was about six months or so ago when they were growing. I've slowly become disillusioned with their numbers and with their direction. Here are their revenues from the SEC filings 1998(Q1):18,864 1998(Q2):17,530 1998(Q3):15,676 1998(Q4):17,195 1999(Q1):18,008 1999(Q2):17,073 There are lots of other companies out there which have a lot more resources behind them now, and have the mistakes made by peapod to learn from. trent |
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JHirsch |
I'd have to agree that she probably works for that site. Another reason she didn't post about the stock is that there isn't anything good to say anymore. They had an opportunity, but didn't act fast enough or decisively enough. Webvan and some other big boys will take the big chunks of the market and Peapod will be left in the dust picking up rotten peaches and spoiled milk. Jake |
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daffy |
Joan, I've found that such "deals" are invariably too good to be true. I'm going to go out on a limb and guess that either that site is yours or you're getting paid to tell people about this - both no-no's on Investorville... Let's keep the discussion focused on Peapod stock, OK? |
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Joan |
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gatsby |
JHirsch, check out this Daily Trouble from Motley Fool on Peapod. It doesn't paint a very good picture. http://www.fool.com/dtrouble/dtrouble.htm This article is probably only up today, so if you check it later, it's the daily trouble from 8/17. |
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JHirsch |
It hasn't been a great ride for peapod, now off more than 50% from its high, down to 6 3/4. I agree, I don't think Peapod is going to be the market leader unless they do something drastic. Jake |
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netinvestor |
Here is another competitor for peapod, webvan. Webvan is planning a $345 Million IPO to add to the investment it has already been getting. I think peapod needs to be worried: ""I can guarantee you that in two years they'll be the leading online seller of groceries," said Ken Cassar, an analyst with Jupiter Communications. Even though Zona Research estimates that some of Webvan online competitors such as Peapod and NetGrocer are currently bigger and better known, it concurs that Webvan's "deep-pocketed investors" can afford it to ramp up in a way marginal players can't. Webvan's board of directors also includes such e-commerce heavyweights as Christos Cotsaklos, chief executive of E*Trade Group Inc., and Tim Koogle, chief executive office of Yahoo! " |
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JHirsch |
I just got this by e-mail. An account by someone who actually uses the service: "I do use the service. I have ordered twice; I only started using it this month. I like the service. It is easy and convenient. The orders were on time, and the delivery peronnel were pleasant. The produce that was selected for me was in excellent condition. On one order, I called Customer Service to question the price I was charged on an item vs. the price on the website. The difference was less than $2, and the Customer Rep sent me a $5 coupon for the sake of "goodwill." On the second order, one item for which I was charged was missing. When I called, they credited my account for the cost of the item with no hassle and after only one question: Was I certain that the item was not actually listed on the receipt as an out of stock? (A reasonable question; in this case, the item was not an "out of stock".) Of course it would be ideal if there was no reason for me to contact them in the first place, but I am a firm beliver that any company/store is going to make mistakes; it is how they respond to the mistake that defines good customer service. I give PPOD an "A+" for how they handled each of my cases: they were polite and pleasant, apologetic, and immediately told me how they were going to resolve my problem to my satisfaction going beyond what I expected or wanted in one case. I do expect that I will not have a problem on every order as time goes on. (Two orders is not enough to gauge the reliability of the service.) I have been invested in PPOD since Feb. 1, both for myself and for my children. I am at breakeven, roughly. Do your due diligence. Note that this industry has begun to attract fresh capital in the past few weeks. (See Homegrocer, Streamline, and Webvan.)" I tend to think that this company is a long term buy. Of course there is a large threat from Amazon/Homegrocer. |
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