Did you look at the balance sheet before buying it? They have 1.9bn Eur liability and on the assets side what do they have? 423mm Eur of "intangible assets" and 675mm of Goodwill. Perhaps these refer to the gullibility of IM athletes; known for buying anything overpriced, why not this stock?
The good news is they are making a small trickle of money, but they can barely serve the debt with that. Economy downturn and they are out of business, selling whatever real assets they may have and the stock equals a very round number...
https://finance.yahoo.com/.../balance-sheet?p=WSG

i'm not worried about the economy downturn. we've already had that, and ironman was pretty well recession proof. the big unknown is infront. ironman is a business. infront is an agency.

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Dan Empfield
aka Slowman

My target price was originally $3.25, had the buy order in and it hit last week on Friday which I'm a bit surprised. But seeing the major drop after the earnings report, I bought more. Overall, considering how many different major sports broadcasts INFRONT is a part of I see this stock being decent if you're wanting to ride the waves for awhile and speculate on it. Really do wish my buy order had been lower, did not think it would drop so much.

ETA: I also put my sell order in.

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Washed up footy player turned Triathlete.

at this point, whatever you buy it for is basically the same thing. it's either going to be worth, someday, 32 bucks or 32 cents. you have folks (like the guy above) who's clearly made up his mind about not only the ironman stock, but everything associated with ironman. some ironman enthusiasts will buy the stock. enthusiasts are shareholders. similar. but mostly investors. i guess it's like the green bay packers. what's on that brand's balance sheet? what liabilities attack to the packers? that brand is worth between $2.5 and $3 billion, and i would guess its balance sheet would betray that valuation.

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Dan Empfield
aka Slowman

So I bought it today at 2;82, had my buy order in and it went past it by a bit. Up a tad in after hours, but this is my new base. Went further than I thought, but didnt think they would lose that much this quarter. All the sales and other numbers were good, but servicing the debt and some stock options and IPO costs, sunk an otherwise pretty good news call.

Now of course it could continue to be this way, grow the company, but keeps being drained by debt, but that will kill this thing. I believe they want it to succeed now, can see it happening, and perhaps the draining of it was a bit premature. And looks like INfront has some new contracts too, just not sure what they are worth, or how to value them. That is the wild card to me, the Ironman stuff will be fine..

So apparently one of those jackass firms that did an investigation on WSG has filed a class action lawsuit. This is where my experience in the market is non-existent. I've held stocks that have had a wild ride but I've never dealt with these: https://www.businesswire.com/...ar-Eagel-Squire-P.C.

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Washed up footy player turned Triathlete.

Well whatever that suit is, seems to be baked into the price, at the moment. Still sitting about where it closed yesterday..

I’m not ready yet on it. But I’m with you, this has long term value, and owning part of it makes me happy.

I have been watching it. At some point I will get in.Not yet though.

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"Remember: a bicycle is an elegant and efficient tool designed for seeking out and defeating people who aren't as good as you."

--BikeSnobNYC

But buying into the GB Packers means nothing except that you have a $250 piece of paper. It pays no dividends, benefits from no earnings, isn't tradeable and has no securities-law protection. You do get an invitation to attend the shareholders' meeting. And you can purchase "owner" clothing. Yes, I'm an "owner".

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clm
Nashville, TN
https://twitter.com/ironclm | http://ironclm.typepad.com

I bought a little today at $2.63 for fun.

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clm
Nashville, TN
https://twitter.com/ironclm | http://ironclm.typepad.com

May I suggest that before any of you buy or continue to buy WSG that you read “Reminisces of a Stock Operator”, by Edwin Lefevre. Although written in 1923, it is still, and will always be, relevant today. You will find all the various reasonings in this thread discussed in it, and why you lost, or will probably lose your money. Any illogical or emotional reason for buying a stock is not investing, it’s gambling, and gambling that WSG will be worth more than a few dollars doesn’t appear to be a good bet.

You will find all the various reasonings in this thread discussed in it, and why you lost, or will probably lose your money.//

Thanks for the book referral, but I'm under no illusions, or just buying for emotional reasons. In short, this is not a buy and hold stock for the next 10 years. I already made about 30% on WSG in the earlier drop and spike, hoping to do the same here. Only this time I caught the drop much lower, but probably the spike if there even is one, will be less too. We are all just having some fun with something we are intimately involved with. I dont think anyone is buying on fundamentals, because we really dont know them. There is what they tell us, which from a Chinese company, can be dubious at best. But there is also the distinct possibility that the trend continues to grow, and the In Front piece is a real wild card.


We are all aware of the massive debt that has been laden on the company, that is primarily the main reason it is so cheap right now, with a fraction of the valuation of the original purchase prices. I'm just hoping that since they choose this stock exchange to be on, that they will eventually get their shit together, and not look like some penny stock on that exchange..Just having some fun, I have some pretty good built in equity for this latest purchase..

That 3 month return is not a pretty picture. I wish you all well on this. 😳

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DFL > DNF > DNS

So story breaks about the class action and the stock goes up nearly 11% today. If there is another day like this soon, I will be getting out early, once again! And it was pretty heavy volume(for this stock) so something is up. But because it is very little money to move this thing, it could just be one buyer or fund acquiring this. So dont really know what is going on, bad news and the stock flies. Maybe Kona was more profitable that usual, dont think it was included in the last quarter..

 
I agree with you.

Ironman might be a good company, stable and reasonably profitable...

...but mixed with other assets and debts, with less clear perspectives, such as :
https://www.jeuneafrique.com/...ications-africaines/
Ok, in french. Summary : TV rights for african part of the next Soccer WC qualify can be won by Infront (in this case, Wanda being chinese help)...

...in a chinese group with iron wall transparency, gloomy perspectives (their investment strategy of buying massively overpriced is paying off in several areas :-), questionable support from their government, who can bankrupt anytime... or not...

So, yes, game of chance, have fun

In my younger years I use to try and find reasons an explanations for various stock movements. Even did my master’s thesis on potential predictive indicators. Practically given up trying to rationalize why a stock price does what it does. For example, I know with absolutely certainty that by the majority of financial measures, stocks in general are greatly overpriced and we should be seeing a correction. Yet the market continues to climb. I think it was Gailbrath who said the market could stay irrational far longer than you can stay solvent. The key is risk management of your money. Your approach to have an entry price and an exit price is the best approach. Wasn’t there also a pump and dump earlier this year that gave the stock a boost? Maybe it’s happening again (lol, I’m still trying to find reasons)

Everyone sues everyone nowadays. That’s people believing there was price manipulation by the backers (I believe there was as well), but proving it will be harder...especially with the backers buying back in the bring the price back up a ways to satisfy some of the holders (that’s what I think is happening now). But good for those that got in and can enjoy the uptick. But I’d look to see it slowly start to go back down (though I still believe $3.50-4 will be its holding price long term).

Now if only a few of my others would start to go back up...

WSG went up 19.42% today! 54 cents - It's been going up all week! Guess it was a good idea to buy at $2.85 a share!

I'm up over 26%. I'll take it.

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clm
Nashville, TN
https://twitter.com/ironclm | http://ironclm.typepad.com

Ya, some good news out there somewhere, I think it must be INFront news though. Haven't heard anything on the Ironman side for awhile, probably some major sport deal signed. Now just hoping there is some follow through, as in the past it usually just ebbs back downward again. I would like to see that $4+ again, then think about selling most of it, and wait for the next pullback..

I sold this morning at $3.33 and made 26.6%. I'll take it.

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clm
Nashville, TN
https://twitter.com/ironclm | http://ironclm.typepad.com

One of the BIG stories in the Endurance Sports Race/Event business in the last decade was the crazy, insane growth of the so called mud and obstacle races. In 2010, they were just getting started. By the mid part of the decade, millions and millions of participants were entering the various events world-wide, and there was already talk that it was completely unsustainable!

At the close of the decade, all three of the biggest players in the space - Spartan, Warrior Dash and Tough Mudder were all in the news - the latter two, for not good news. Red Frog events the parent company for Warrior Dash ceased operations last August, and word came just before Christmas that Spartan was pursuing Tough Mudder for acquisition and then more recent news out today that Tough Mudder is a serious and precarious financial situation of it's own - facing lawsuits from creditors, teetering on the brink of bankruptcy and having been forwarded a HUGE amount of money by one of their suppliers (Active). More here - https://www.bloomberg.com/...pany-into-bankruptcy

The Endurance Race/Event Business despite it's good-times feel, is NOT an easy one - and particularly when you get to the size of an IRONMAN, Spartan or Tough Mudder, the challenges become that much greater and the $$ so much bigger!

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Steve Fleck @stevefleck | Blog

So active.com buys advance tickets to tough mudder events to tune of $80MM so Tough Mudder has revenue to put events on and open registration. then tough mudder don’t actually sell $80MM in ticket revenue so Active.com is out of money.

Well yeah, thats what happens when you game. You lose. Active.com should know when to fold them. Sure reads like the Spartan purchase of Tough Mudder is at risk too.

Bottom line: tough mudder is dead.

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@rhyspencer

How would a sale affect the stock, should I sell now or wait?

https://www.bloomberg.com/...n-triathlon-business