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« | Home | »

The dollar menu

By Zach Arnold | May 31, 2007

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IFL stock quote.

Topics: IFL, Media, Zach Arnold | 20 Comments » | Permalink | Trackback |

20 Responses to “The dollar menu”

  1. Dr J says:

    touche…

    ba dah bah bah bummmm…. I’m loving it!

  2. Jonathan says:

    Man oh man I wish that I knew how to buy some stock. I would love to say that I have invested in the fabric of MMA. Anyone know how?

  3. Sam says:

    Jonathan:

    You need to find a brokerage and fill out paperwork with them and open an account. You can try some of the online brokers such as Schwab, TD Waterhouse, etc. Or, you could go to a local branch and get set up in person. You’ll need to have a deposit ready after filling out your paperwork if you want to be able to purchase stock.

  4. Tomer Chen says:

    Most reputable brokerages don’t deal with so-called ‘Penny stocks’, either. The main reason is they (the broker) can potentially get into legal trouble for breach of fiduciary care of the customer by allowing high risk transactions that could cause a net loss.

  5. PizzaChef says:

    Is it possible to buy 100 stocks for like 1 penny if they keep dropping like this? Or does it get delisted first?

  6. Jonathan says:

    I figured as much…and I bet that the cost of setting up an account would far outweight the $20 purchase of IFL stock that I would be willing to do.

    Thanks to Sam and Tomer for the information…I really appreciate it. And PizzaChef, I would be willing to bet that if a stock fell down to $0.01, it would be delisted…or bought up by some other company…namely ZUFFA Inc.

  7. I have no idea why Zuffa would ever touch the IFL with a 10 foot pole, other than to piss of Shamus and force another competitor into subservience. Their TV deals are worthless … the UFC doesn’t want to be associated with MyNetworkTV and the IFL makes no money on the fox sports shows. The coaches are all in non-exclusive contracts and none of the fighters are worth the effort of buying an org. In short, the IFL is useless to the UFC

  8. MoreThanUFC says:

    Interesting snippet from their S-1 filing. Under risks:

    “insiders may exercise substantial control over us; ”

    I guess they’re already blaming Dana.

  9. Jonathan says:

    Fightlinker.com

    You do realize that everything you are describing about the IFL pretty much sums up the report card of Pride in the United States? And I think that Zuffa would buy up the IFL if only to lend credence to its claim as THE sport of mixed martial arts…much like the NBA over Basketball or the NFL over Football in America today.

  10. Jonathan says:

    I just did a little math to calculate the current stock worth of the IFL. This data is current as of 2:45pm CST on 5/31/05

    $0.98 (share price) x 1,043,275 (volume of stocks) = $991,111.25

    This math could be horribly off because I am not sure what I just did is actually the correct thing to do to determine worth, or that my math was correct. I am just looking at the numbers and making some small leaps of faith. If I am correct, Zuffa should take it…just for kicks.

  11. KennyP says:

    “I just did a little math to calculate the current stock worth of the IFL. This data is current as of 2:45pm CST on 5/31/05

    $0.98 (share price) x 1,043,275 (volume of stocks) = $991,111.25

    This math could be horribly off because I am not sure what I just did is actually the correct thing to do to determine worth, or that my math was correct. I am just looking at the numbers and making some small leaps of faith. If I am correct, Zuffa should take it…just for kicks.”

    —-

    Very wrong. Your numbers are today’s trading volume. The worth of the company (“market cap”) is ~$52 million. Of course, that number is specious for most any company, b/c if an investor sells a significant volume of shares, it depresses the share price.

  12. Tomer Chen says:

    This math could be horribly off because I am not sure what I just did is actually the correct thing to do to determine worth, or that my math was correct.

    Actually, the Market Value of the company would be the share price as of closing x the total number of outstanding shares (after treasury stock is deducted). Stock volume just shows the amount of shares traded over a period of time, but it could be the same shares being bought in sold over and over rather than the total shares out there.

  13. Tomer Chen says:

    Very wrong. Your numbers are today’s trading volume. The worth of the company (”market cap”) is ~$52 million. Of course, that number is specious for most any company, b/c if an investor sells a significant volume of shares, it depresses the share price.

    That’s correct. MV of equity (‘Market cap’) just means what the market is currently valuing the stock (and therefore the company) at, but it has no actual impact on company itself beyond the per share cost and the bare minimum one would have to pay to purchase the outstanding shares and become the 50% + 1 vote owner (although, in reality, you’d have to look at the ask prices for the brokers as well as determine a markup to convince iffy individual/institutional investors to sell their shares to you, but will also be within your own valuation range of the company, so even the MV will typically undervalue the actual amount a prospective buyer will have to pay for the company).

    In of itself, MV of equity means virtually nothing, as KennyP explained.

  14. Jonathan, you one crazy dude! 😉 No matter how badly Pride was doing financially, they had the other 50% of the world’s best fighters under contract and could pull 10,000+ people in US and 20,000+ people in Japan.

  15. 45 Huddle says:

    I don’t see Zuffa purchasing the IFL…. Unless….

    The stock price becomes so cheap, and they are able to pick up 51% ownership by spending less then $5 Million. If they can do this, I could see them doing it, in a Vince McMahon type of way, just to say they beat the IFL. Plus, if they picked up 5 or 6 of their fighters they would have all of this film footage.

    Keep in mind that the WWE has bought basically every old film library of Pro Wrestling. That footage could end up being worth it in the long run. Who knows. Same thing goes for the UFC.

  16. Jonathan says:

    Thanks guys.

    I am not the least bit ashamed that I got the stuff wrong…and I like I said, I was just looking at the numbers and making some small, misguided leaps of faith as to what the current value of the company. And I still think that Pride has alot of god talent, especially at the smaller weights that might be valuable to the UFc…but the problem is that alot of those smaller weight fighters also fight in DEEP, Pancrase, and Shooto. I never claimed to be a stock broker, though I do know a bit about economics. I could tell you all a great way to make money about buying Big Macs in America and selling them in Japan, but that would be off-topic….

    Fightlinker.com

  17. Hey Jonathan, didn’t want to sound rude! And I’d buy some ifl stock, but only if i could get it in paper form and frame it!

  18. Jonathan says:

    I didn’t think that you were rude at all Fightlinker.com! all good fun!

    And I am not sure why I have fighterlink.com at the bottom of my post…

  19. Nick says:

    wow guys you all just made me feel a little bit more stupid…i needs to learn my stock game!!!

  20. Jonathan says:

    You’re telling me Nick.

    I just got this crazy idea. What if we had Zach Arnold set up a stock brokerage account. and then sets up a paypal account so that we send him money and as a conglomerate, we buy IFL stock. Imagine how awesome it would look if it was “FightOpinion.com Presents the International Fight League!”

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