We have updated our NFP model. As a reminder, the last time we posted
anything regarding macro-economic data was back in July. So, as usual we decided to get back to doing
what we do pretty well: GUESStimate some economic data. :)
October non-farm payroll (NFP) figures will
be released by the BLS on Friday morning.
While the current consensus is 100K, we think it may come in
slightly above that, or 113K. We
estimate impact of the government shutdown to be slightly less than what others
have. However, we believe it will carry over to the rest of Q4 and into Q1 of next year. And in honor of Twitter (TWTR), below is our
tweet regarding our Oct. NFP guess.
Oct. #NFPguesses 113K ... but impact of gov shutdown will carry over into Nov, Dec, & Q1 '14.
— IHJNG (@AH44KS) November 8, 2013
By the way, we are sure most of you know that the TWTR IPO
was a successful one. Although the IPO
price was $26.00, the stock actually opened at $45.10, briefly went above
$50.00, and finally closed at $44.90. Of
course, this is certainly above where we think the Company should be valued at,
as expected.
Twitter tweeted the tweet, #Ring!, at the opening bell.
And below are a couple of our own tweets about BCOR and our valuation of TWTR, followed by another one with link to our thoughts on TWTR's IPO price ...
Some follow-up thoughts on $BCOR, and an attempt at valuing $TWTR ... http://t.co/68B5ViNFAP
— IHJNG (@AH44KS) November 6, 2013
Some more thoughts on $TWTR and its IPO price ... http://t.co/4RI6v5CYj9
— IHJNG (@AH44KS) November 7, 2013
... yes, we are a Twitter addict. :)
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