Webvan - Einschätzung - 500 Beiträge pro Seite

[brasileone]

Folgenden Kommentar gefunden zu webvan unter www.nasdaq.com, dort Kürzel wbvn eingeben / unter news abrufbar.


NetTrends: A scare for online grocers
By Dick Satran

SAN FRANCISCO, March 22 (Reuters) - In the trillion-dollar e-commerce market war, entrepreneurs believe in striking first and hitting hard to get "first mover advantage."

But in the grocery aisles of the new economy, the first into market could be the first out. Online grocer Peapod Inc. <PPOD.O> sent jitters through the Internet retailing sector last week when its chief executive resigned and a much-needed financing fell through, sparking a liquidity crisis and a plunge in its stock.

Its main competitors, Webvan Group Inc. <WBVN.O> and HomeGrocer Inc. <HOMG.O>, also saw their stocks fall to their all-time lows on fears that the whole industry`s financial footings could be shaky.

"There are tremendous difficulties for the online grocers," said Bob Walberg of financial research firm Briefing.com. "There are questions whether their business model can ever be successful."

In headier times -- about six months ago -- Webvan was launched with a much-hyped initial public offering and it quickly soared to more than $10 billion in market capitalization. Now it`s fallen to just over $3 billion.

In the intervening half-year, investors lost their appetite for Internet groceries, and aimed investments at business-to-business sites and infrastructure companies.

Webvan`s most direct competitor, HomeGrocer, which went public just this month, never managed Webvan`s valuation, and it`s trading at around its $12 initial offering price. That gives the company a total value of $1.5 billion.

The industry appears to be suffering as much as anything from its over-hyped origins. Its early claims that it could turn around the traditionally razor-thin profits of grocery business were probably overstated, said Walberg. Webvan officials said they could boost the $1 to $2 of profit per $100 of sales to the $10 to $12 level, "at the minimum."

So far the industry hasn`t approached that level, Walberg said, although others say the industry is viable and it`s merely experiencing growing pains, and dealing with disappointed investors.

"Nothing`s really happened," said one investment banking company analyst. "They`ve just fallen out of fashion with investors."

Forrester Research still forecasts booming growth in the sector, with sales of $17 billion within four years, and Webvan and HomeGrocer both remain on aggressive rollout schedules that will bring direct delivery of groceries to much of the nation within the next few years.

"People have a herd mentality about Internet investments -- somebody in the online grocery business goes under, and they figure everybody`s going to," said Harry Fenik of market research firm Zona Research.

Both HomeGrocer and Webvan have managed to raise a large amount of cash to fund their expansion plans for years to come, and both set off in an entirely different direction than Peapod. Webvan and HomeGrocer have set up their own warehouses, leveraging Internet technology to make the operations more efficient than traditional businesses.

Peapod, founded 10 years ago, worked with existing grocers, creating software and shopping information. It charged a delivery fee on top of the supermarket orders, making it more expensive.

Peapod was built on "an entirely different model" from Webvan and HomeGrocer, Fenik said. "It had no leverage at all in it. It was a very arcane box boy business model, just something they glued together."

Peapod initially sent its own employees into the supermarket to pick up the goods ordered online, while the newer players built state-of-the-art warehouse systems that completely bypass the supermarkets -- each handling the flow of dozens of brick-and-mortar shops.

Indeed, the business of selling goods direct to consumers appears to be heating up. Food.com acquired a national delivery service for restaurant foods last week, and Amazon.com Inc. <AMZN.O> acquired part of Kozmo.com Inc, which provides one-hour delivery of music CDs, tapes and food. E-Trade Group Inc. <EGRP.O>, meanwhile, bought the biggest cash machine operator, as a way of delivering cash to its customers.

The activity reflects growing demand for services covering the "last mile" between the online retailer and the customer. Webvan is positioned as a company that can get the goods from cyberspace to people`s homes, says Fenik.

"Their basic business has tight margins -- it`s not a surprise that they are moving in the direction of delivering lots more than groceries," Fenik said. "It`s not really about groceries anymore; it`s about deliveries."

But "tight margins and high competition" may continue to plague online grocers as more delivery services get into the home delivery market. "They haven`t established a brand identity to do that -- they`re going to have to spend a lot of money to get it," said Walberg.

As long as Webvan applies smart technology to make their deliveries faster and cheaper, they`ll stand a chance of winning the "last mile." But the cost of going the last mile could delay their profits for years to come. ((Dick Satran can be e-mailed at Dick.satran(at sign)reuters.com))

REUTERS


Was meint Ihr dazu? Bin selbst schon länger in webvan investiert und habe nicht vor, so schnell auszusteigen. Allerdings war die Entwicklung der letzten Wochen alles andere als erfreulich.

Bitte um Kommentar.

B.

[eueropa]

warum schreibt keiner mehr über WEBVAN ??? Seid ihr alle ausgestiegen? Ich bin und bleibe noch investiert. Sehe aber mit tränen in den augen das der kurs die negative schallmauer durchbricht. Hat jemand noch was über die tätigkeiten in LA gehört bzw. die aktivitäten von WEBVAN? Würde mich über eine antwort freuen.
MFG
Euer Opa

[irish]

hi eueropa,

bin noch immer in WBVN investiert. Der negative Trend treibt auch mir
die Traenen in die Augen.
Nun zu deinen Fragen:
Aktivitaeten in LA sind meines Wissens nicht geplant (jedenfalls nicht
in nächster Zeit). Die neue Filiale in ATLANTA eroeffnet allerdings schon
in diesem Quartal. Auf der Homepage von WBVN wird schon dafuer geworben.

Unter www.nasdaq.com ist die Aktie, was news betrifft, in den letzten
Tagen recht ruehrig. Es ist allerdings viel mumpitz dabei (z.b. Pfad-
finderinnen verkaufen ihre Kekse online ueber WBVN).
Unter anderem findest du dort auch eine neue Analystenmeinung von der
Bank of America. Einstufung: Hold

Die Steigerung der Umsatzzahlen sehen meines Erachtens auch nicht so
schlecht aus (Geschaeftsbericht 4.Q 99 ebenfalls unter www.nasdaq.com)
scheinen jedoch die potentielle Anlegerschaft nicht gut genug.

Alles in Allem denke ich, wird der Kurs wieder drehen, ich glaube nicht, das
WBVN zu den prognostizierten 75% der von der Bildflaeche verschwindenden
Firmen gehoert. Es gehoert einfach zur Mentalitaet der Amis, sich alles
Moegliche ins Haus liefern zu lassen. Naja, und außerdem ist WBVN ja
vielleicht ein wenig an den Keksen der Wilderness Girls beteiligt.

So long, see you .... IRISH

[brasileone]

Irish,

Danke für Deine Infos. Bin auch schon recht lange dabei und bedauere nicht nur den Verfall sondern auch die ungeteilte Unaufmerksamkeit dieser Aktie in Deutschland.

Hab heute trotz aller schlechten Erfahrungen nachgekauft, da ich der Meinung (besser: Hoffnung) bin, daß wir den absoluten Tiefststand gesehen haben.

Auf bessere Zeiten und mehr Kommentare

B.

[jfbassman]

Es scheint wieder bergauf zu gehen. Seht Euch mal die Kurse in usa an.
Heute + 35 %
Tue Apr 18 1:12pm ET - U.S. Markets close in 2 hours 48 minutes.

WEBVAN GROUP (NasdaqNM:WBVN) - More Info: News , Msgs , Profile , Research , Insider
Last Trade
12:57PM · 6 1/8 Change
+1 19/32 (+35.17%) Prev Cls
4 17/32 Volume
2,708,900 Div Date
N/A

[brasileone]

Der Anstieg ist auf eine Empfehlung einer Internetbank zuzückzuführen, die ein baldiges KZ von 18-20 prognostitiert. Versuche grad selbst nachzukaufen. Hier die Empfehlung, abrufbar unter www.nasdaq.com, dort wbvn eingeben, dann unter news:

E*OFFERING Initiates Coverage on Webvan Group, Inc. (WBVN) With a Buy Rating

SAN FRANCISCO, April 18 /PRNewswire/ -- The following is being issued by E*OFFERING, a member of the National Association of Securities Dealers, CRD Number 036717:

E*OFFERING, a leading Internet investment bank, today announced the initiation of coverage on Webvan Group, Inc. (Nasdaq: WBVN - BUY, $4-17/32) with a BUY rating and a price target of $18-20. Vice President and Senior E-Commerce Analyst Shawn Milne offers an overview of the company in his report titled "Focus on `Unit` Economics for This Leading E-Consumer Service Company."

"We believe Webvan, a leader in the $40 billion e-delivery revolution, is offering investors a significant long-term growth opportunity in a rapidly expanding market," Milne said. "Moreover, we believe Webvan`s customer economic model, characterized by high velocity and repeat purchase, will deliver strong cash flows and significant return on invested capital for each distribution center (DC). Over the next several years, growth will be driven by rolling out new DCs and the ramp-up of existing centers, as well as leveraging its state-of-the-art, low-cost distribution infrastructure to deliver expanded products and services. We urge investors to focus on `unit` economics, as we expect that Webvan`s first DC will break even in the fifth quarter of operation."

To read Shawn`s report on Webvan, or to learn about any of the other companies he covers, please visit the E*OFFERING website at http://www.eoffering.com .

E*OFFERING is the first online investment bank designed to become the e-channel of choice for both issuers and investors. E*OFFERING complements the reach of traditional investment banks by structuring the online offering as an integral part of the capital-raising process. Through its reach into the online retail market, E*OFFERING is changing the dynamics of investment banking to reflect the opportunities created by the Internet economy. About E*OFFERING

E*OFFERING (member NASD/SIPC), headquartered in San Francisco, was founded in January of 1999 with the objective of democratizing the capital markets. It successfully enables its issuers to access and use capital more effectively by leveraging the broadest investment community of retail and mid- and top-tier investors available. E*OFFERING has combined financial expertise, top-notch people, Internet infrastructure, and business model to enable this. Funding for E*OFFERING was provided by E*TRADE Group, Inc (EGRP $18-3/16) General Atlantic Partners, SOFTBANK Venture Capital, New Enterprise Associates, Battery Ventures, Crosspoint Venture Partners, Sandy Robertson, founder and former CEO of Robertson Stephens, and Walter Cruttenden, founder and former CEO of Cruttenden Roth. Unless otherwise noted, prices are as of Monday April 17, 2000.

NOTE: E*OFFERING is a trademark of E*OFFERING Corporation. All other names are trademarks and/or registered trademarks of their respective owners.


/CONTACT: Rich Horn of E*OFFERING Corporation, 415-618-6200, or fax, 415-618-6202, or [e-mail]; or Jennifer O`Mahony, [e-mail], or Chris Toth, [e-mail], both of Blanc & Otus, 415-912-2300, or fax, 415-912-2350, for E*OFFERING Corporation/



Gruß B.

[_matthias_]

Habe die Empfehlung auch gelesen und wollte noch für 5,60 einsteigen. Das hat (meiner Bank sei Dank) gestern nicht geklappt.
Was meint ihr, wie weit der Kurs klettert (und welchen Kurs WBVN halten kann)?

Überlege mir einen Einstieg bis 6,25 E (aktuell 6 E, FSE).
Danke für eure Meinungen.

Fröhliches Handeln,
_matthias_

[brasileone]

@Matthias,

leider kann ich keine professionellen Angaben zu der Aktie machen. Ich bin vor einigen Monaten auf Empfehlung eines sachkundigen Bekannten bei 14 Euro in die Aktie eingestiegen. Nach kurzem Anstieg auf 17 stürzte die Aktie nach und nach auf 4,5 Dollar ab. Fleißig hab ich bei 10, 9, 8, 7 nachgekauft. Heute hab ich welche für 6,1 bekommen. Da der Handel in Deutschland unbedeutend für die Kursentwicklung ist, entscheidet allein der amerikanische Markt über die die Bewertung dieser Aktie. Der Tätigkeitsbereich des Unternehmens ist allemal riskant und die Zukunft ungewiß. Allerdings geht es webvan lt. Quartalsbericht nicht so schlecht, als daß m.E. ein Kurs unter 10 gerechtfertigt ist. Deshalb erwarte ich in den nächsten Tagen einen Kursanstieg auf um die 10 Dollar, wobei natürlich maßgeblich das anderweitige Umfeld Einfluß nehmen wird. Da die Aktie nach den letzten mir unverständlichen Einbrüchen (auch gegen den Trend) enormen Nachholbedarf hat, sollte sich ein Einstieg zumindest kurzfristig lohnen. Auf jeden Fall solltest Du das Kapital, das Du investierst, entbehren können, da die Aktie aufgrund der ungewissen Perspektive ihrer Idee (Lebensmittel übers Internet) als hoch spekulativ einzustufen ist.

Gruß B.