Author Topic: SYTE - Enterprise Diversified  (Read 211845 times)

InelegantInvestor

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Re: SYTE - Sitestar
« Reply #70 on: December 15, 2015, 04:24:29 PM »
Wow, I was 100% wrong on this one. Really surprised that a guy would voluntarily give up control, though he was paying himself just $50,000. Good luck to the longs.
I don't think it was so voluntary. He was terminated for cause. Thank you for the good luck wishes. We're still going to need it.


ScottHall

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Re: SYTE - Sitestar
« Reply #71 on: December 15, 2015, 05:15:26 PM »
Congrats guys. Always nice to see the good guys win one.
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Morgan

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Re: SYTE - Sitestar
« Reply #72 on: December 15, 2015, 06:48:43 PM »
Woah. Congrats!

rkbabang

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Re: SYTE - Sitestar
« Reply #73 on: December 16, 2015, 11:07:44 AM »
What I'd like to see next is for the company to convince Frank to sell his shares back to the company and retire them.  Maybe sell first.com to finance it.  Then a 1 for 100 reverse split.

Hielko

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Re: SYTE - Sitestar
« Reply #74 on: December 16, 2015, 12:33:26 PM »
What I'd like to see next is for the company to convince Frank to sell his shares back to the company and retire them.  Maybe sell first.com to finance it.  Then a 1 for 100 reverse split.
Or 1:1000 IMO

InelegantInvestor

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Re: SYTE - Sitestar
« Reply #75 on: December 29, 2015, 07:48:35 AM »
New pr from company with scant detail, asking for patience: http://www.sec.gov/Archives/edgar/data/1096934/000072174815000898/site8k122915ex99_1.htm

Travis Wiedower

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Re: SYTE - Sitestar
« Reply #76 on: February 06, 2016, 01:25:24 PM »
I've been working on Sitestar recently and just posted a blog covering my thoughts: http://traviswiedower.com/2016/02/06/what-is-sitestar-worth/

I assume most in this thread are bullish, does anyone think I'm understating their valuation?
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writser

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Re: SYTE - Sitestar
« Reply #77 on: February 07, 2016, 04:28:33 AM »
I haven't been following this name closely but that was a great post. Thanks for putting in the effort and sharing your insights.

One footnote (take my thoughts with a grain of salt, no expert on Sitestar): this is an extremely small company now run by part-time people. I would expect that monetizing the real estate will take at least a couple of years and a lot of hard (paid) work and I would probably discount the real estate assets for that.

Nevertheless it looks decently attractive. However, I'm not going to buy because all the value is in the real estate, I live on the other side of the planet and I'll always be at a huge disadvantage when it comes to handicapping the value of ~50 arbitrary houses in Virginia.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

rkbabang

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Re: SYTE - Sitestar
« Reply #78 on: February 08, 2016, 07:01:07 AM »
I've been working on Sitestar recently and just posted a blog covering my thoughts: http://traviswiedower.com/2016/02/06/what-is-sitestar-worth/

I assume most in this thread are bullish, does anyone think I'm understating their valuation?

Thank you for posting this.  I have trying to find a definitive list of the properties owned, but it doesn't appear to be public anywhere. Even http://sitestar.com/properties  doesn't exist anymore.  Also, I've been assuming first.com is worth 7 figures, but who really knows until it is sold.

Travis Wiedower

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Re: SYTE - Sitestar
« Reply #79 on: February 08, 2016, 03:39:24 PM »
You can use the Wayback Machine to view the old sitestar.com/properties and /rentals pages by the way. I wouldn't be the least bit surprised if first.com is worth $1M+. It's a hell of a domain. I'm thinking of it more as a free option than a significant part of the investment thesis though.
My investing blog: Egregiously Cheap