![]() and Helios and Matheson Analytics wasn't one of them! That's right - they think these 10 stocks are even better buys. Pre-Market Charts Data is currently not available Key Data Bid Price and Ask Price The bid & ask refers to the price that an investor is willing to buy or sell a stock. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*ĭavid and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. MoviePass shareholders may have finally twigged to the fact that it's not going to work out for MoviePass, either.ġ0 stocks we like better than Helios and Matheson Analytics Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. With MoviePass still selling monthly memberships for a mere $9.95, movie theaters still selling tickets for an average of $9.16 per flick, and MoviePass still paying full freight on as many as 30 tickets per month for each of its subscribers, it's hard to see how adding more subscribers will do anything other than lose more money for MoviePass, faster.īusinesses have been promising to sell things at a loss then "make it up on volume" for about as long as there have been businesses - but the economics rarely work. A high-level overview of Helios and Matheson Analytics Inc. Helios and Mathesons shareholders voted to allow a reverse split of its common stock at a ratio of between 1 share for 2 shares and 1 share for 1,000 shares. But it was still losing $7.4 million on $6.8 million in revenue.About the only "news" there's been in the intervening time is that Helios' CEO Ted Farnsworth did an interview with in which he apparently promised to make his company profitable within the next six months, and grow his subscriber base to five million customers. Helios may not have been losing "$146 million a year" before MoviePass, true. First and foremost, even after spinning off MoviePass, Helios envisions "HMNY retaining control of MoviePass Entertainment upon any such distribution." Thus, while separated from MoviePass in the public's perception, Helios would presumably still be responsible for MoviePass' continuing losses.Īnd second - to be blunt, Helios and Matheson was never that great of a business to begin with. ![]() But separated from Helios, MoviePass' difficulties would no longer taint the results of its current parent - or as CEO Ted Farnsworth put it: "The market perception of HMNY might benefit from separating our movie-related assets from the rest of our company." Now whatĪssuming this plan is followed to completion, does it make Helios and Matheson stock a "buy?" as separate public company." Presumably, absent additional changes to the business model, this would still be a money-losing company. Seeking to correct that error, this morning Helios and Matheson announced it's exploring a plan "to spin off MoviePass. But halfway through 2017, the company revamped its business model by acquiring a majority stake in all-you-can-eat movie subscription service MoviePass, and by the end of that year, Helios's losses had ballooned to $146 million - which kind of suggests that buying MoviePass was a mistake. In 2016, data analytics company Helios and Matheson reported a $7.4 million net loss on $6.8 million in revenue - admittedly, not a great result. ![]() Surprise! Helios and Matheson prepares to toss MoviePass overboard. ![]() ![]() Cartoon pirate forcing businessman to walk the plank ![]()
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