Rightside $NAME Q4 2016 Results, LIVE Webcast Feb 28, 4:30pm ET

Rightside $NAME shares up 0.35% Feb 29, 2016 - Feb 27, 2017

Rightside Group, Ltd. [NASDAQ: NAME | domain: rightside.co] domain name registry and registrar services provider, Q4 2016 financial results release after market close on February 28, 2017.

A conference call and audio webcast with investors and analysts will follow on February 28, 2017, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time):

• Listen to the LIVE webcast
• Live conference call: (844) 413-1777 (domestic) or (716) 247-5761 (international)
• Conference call replay available through March 7, 2017: (855) 859-2056 (domestic) or (404) 537-3406 (international)
• Conference ID: 73794379
• Live and archived webcast: http://investors.rightside.co/events.cfm
• Rightside Group's (NASDAQ: NAME) CEO Taryn Naidu on Q4 2016 Results - Earnings Call Transcript | SeekingAlpha.com

Q4 2016 results: Q4 EPS of -$1.35 but SeekingAlpha.com reports that may not be comparable to consensus of -$0.41. Revenue of $14.9M beat consensus estimate by $0.84M. Net Loss $21.3 million.

Financial summary (in thousands)

Press release: 

• Fourth Quarter Registry Revenue Grows 27% Over the Prior Year Period
• Full Year Registry Revenue Grows 40% Over the Prior Year Period
• Company Announces $50 Million Share Repurchase Program
• Business Outlook for the full year ending December 31, 2017, Rightside expects the following: Total revenue of $58 to $62 million inclusive of 10 to 15% growth in our core registry and registrar business. Cash bookings in our registry business of around $16 to $18 million. Adjusted EBITDA of around break-even for the full year with a return to positive adjusted EBITDA in the fourth quarter after implementing cost savings initiatives and restructuring our network infrastructure to support the remaining business lines.

Rightside brands:

• Name.com (registrar); 
• Rightside Registry--new gTLDs and "backend" registry services--see Rightside 40 new gTLDs | ntldstats.com.

Of Rightside's 40 new gTLDs, .LIVE and .NEWS have the most domain name registrations, but .LIVE and .NEWS registrations are less than 100,000 each and four of Rightside's new gTLDs have not even achieved 1000 domain name registrations (as of Feb 26, 2017). The overall weak registration numbers have given Rightside a total "new gTLDs market share" of only slightly more than 2% among all new gTLD registry operators.

The Internet Corporation for Assigned Names and Numbers, known as ICANN, mismanaged the global DNS and damaged the competitive global market for domain names by grossly over-expanding the number of new generic top-level domains (new gTLDs), beginning in 2014. As a result, many new gTLD registry operators are financially struggling, and after more than three years, many are still unprofitable.

Note: Schedule 13D dated Feb 14, 2017, filed by J. Carlo Cannell, Cannell Capital LLC [representing 1,704,805 $NAME Shares / 8.78%] excerpt (emphasis added)--"Mr. Cannell, on behalf of the Investment Vehicles, identified the Company as an entity satisfying each of the Investment Vehicle's investment criteria. The Investment Vehicles acquired and continue to hold the Shares as a long-term investment.  Cannell Capital files this Schedule 13D amendment in order to announce the formation of the SAVE NAME GROUP (“SNG”) on February 14, 2017. This announcement is attached as Exhibit 99 [embedded below]. Mr. Cannell reserves the right to discuss various views and opinions with respect to the Company and its business plans with the Company or the members of its senior management. The discussion of such views and opinions may extend from ordinary day-to-day business operations to matters such as nominees for representation on the Company’s board of directors, senior management decisions and extraordinary business transactions. Mr. Cannell reserves the right to take such action as he may deem necessary from time to time to seek to maximize the value of the Shares. Such actions may include, but may not necessarily be limited to, pursuit of strategic initiatives to enhance shareholder value ..." 

More information: http://www.concernedrightsidegroupshareholders.com/

Exhibit 99 (4 pages total, embedded below, highlighting added):

See  also Exhibit 99 dated 19 Feb 2016

See also on DomainMondo.com:

• Rightside $NAME Q3 2016 Results, LIVE Webcast Nov 8, 4:30 pm ET
• News Review: New gTLDs Registry Rightside Sells eNom, What's Next?
• Tucows Acquires eNom & Becomes World's 2nd Largest Domain Registrar

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DISCLAIMER

MacroView: First Nine Days of President Trump with Many More To Come

Domain Mondo's weekly review of  macro economic and investing news:
 
MacroView Feature •  Trump has now been President for nine days (noon Jan 20 - noon Jan 29) as I write this--and for those who really think that Friday Executive Order is the only thing that matters, I'll get this out of the way up front, read: Donald Trump’s Refugee Executive Order: No Muslim Ban -- Separating Fact from Hysteria | NationalReview.com.

I agree with Jim VandeHei and Mike Allen writing in Axios.com:

"We can't stress this enough: Watch closely the specific, substantive moves of the Trump White House. Try to block out the white noise of outlandish statements and unforced errors, and the hyperventilating they provoke. Otherwise, you miss the big — and in some cases, radical — changes coming our way. In fact, White House officials tell us they welcome what seem like needless distractions, because it allows them to jam through transformative, disruptive ideas and orders without focused public scrutiny of any particular item ... Read the weekend papers, and flick through cable, and the unambiguous conclusion is that Trump's debut was pretty much a debacle. But was it? If you examine what he did based on what he wants to do and ignore much of what he says for show, this was actually a remarkably productive start. By the White House's count, 13 presidential actions in first week tied to specific campaign promises ..." (emphasis added, read more at link above)

Here's a quick look at some of what Trump did in his first nine days:

• Held an important meeting in Washington with UK Prime Minister Theresa May, renewing and reaffirming the US-UK "special relationship" and covering a wide range of topics from trade (Trump is a strong supporter of Brexit as well as a new bilateral US-UK trade agreement), to security, Russia, and NATO. Trump also accepted an invitation to visit Britain and meet the Queen on an official state visit later this year .
• Told the executive and legislative branches of the U.S. government to prepare for, and enact, the repeal and replacement of Obamacare.
• Ordered a hiring freeze for the federal government, excluding military and the VA.
• Withdrew from TPP--the Trans-Pacific Partnership trade agreement.
• Cut off federal funding to foreign charities that provide abortions.
• Called for cuts in U.S. regulations.
• Issued executive orders resurrecting the Keystone Pipeline and Dakota Access Pipeline projects which had been halted by the Obama administration. Trump also included a provision that the pipelines use only U.S. labor and materials--one estimate of the Keystone pipeline's job creation (pdf) says that project alone will support roughly 250,000 permanent jobs in the U.S. See also Canada's Prime Minister Justin Trudeau welcomes Trump's Keystone XL decision | CBC.ca.
• The Wall's going to get built and we know the Trump administration is working on ideas of how Mexico will actually "pay for it." Trump held a telephone conference  (for more than an hour) with the President of Mexico, and issued a Joint Statement afterwards.
• By Executive Orders told U.S. government agencies and border, customs, and immigration personnel to enforce the law, ending "catch and release" and sanctuary cities.
• Held meetings with business leaders and U.S. labor leaders.
• Traveled on Air Force One to speak and meet with House and Senate Republicans at their annual retreat in Philadelphia.
• Spoke at the Pentagon at Defense Secretary Mattis's swearing-in ceremony and personally greeted the troops.
• Snubbed the Washington establishment's elitist Alfalfa Club.
• Ordered a 'defeat ISIS' plan, talked with Putin and gave Bannon a national security role.
• And much, much more ... with more to come this coming week.

I offer my congratulations to Donald J. Trump on his inauguration as the 45th President of the United States: https://t.co/1ZLjO3G7ut

— Justin Trudeau (@JustinTrudeau) January 20, 2017

President Trump is right. I built a wall along Israel's southern border. It stopped all illegal immigration. Great success. Great idea 🇮🇱🇺🇸

— Benjamin Netanyahu (@netanyahu) January 28, 2017

We have the opportunity, indeed the responsibility, to renew the special relationship for this new age. pic.twitter.com/vvOMAtPyvZ

— Theresa May (@theresa_may) January 27, 2017

An honor to have U.K. Prime Minister @theresa_may join me at the @WhiteHouse. #ICYMI- our joint press conference: https://t.co/4pHDM45Fpe pic.twitter.com/wBiWxA3sFz

— President Trump (@POTUS) January 27, 2017

The biggest problem for investors and the general public right now is getting accurate news and information without all the hype, hysteria and drama. The news media (MSM) are wellsprings of disinformation and misinformation--Trump's Steve Bannon:

"I'm not talking about everybody, but a big portion of the media--the dishonesty, total deceit and deception. It makes them certainly partially the opposition party, absolutely. I think they're much more capable than the opposition party. The opposition party is losing badly. Now the media is on the opposition party's side."

And as Mike Allen and Jim VandeHei wrote above, the sideshows and media hysteria distract from the real events occurring in plain sight and under the radar that investors (and the public) need to know about. Unfortunately, mainstream media never got over getting the election so wrong ("Trump has no path to 270 electoral votes"), so they abandoned all pretense of journalistic ethics, and wasted weeks unsuccessfully working hand-in-hand with the neo-con/neo-liberal Washington establishment in an attempt to de-legitimize Trump's election, a media crusade which probably reached its nadir with Obama's Democratic-appointee-led "intelligence community" leaking (directly or indirectly), a smear in the form of an unvetted "Russian dossier" published by BuzzFeed which was then given wide coverage through links on CNN and coverage by other major media news operations.

Read: The Reason You Can’t Stand the News Anymore. | Medium.com: "The methods used to fund modern journalism simultaneously undermine trust in the news outlets." That's right, the business models of most news organizations are broken and they are failing financially. Google and Facebook are sucking up most digital ad revenues. News media are desperately competing for clicks, and it is showing--the public have lost trust in the media. Even Margaret Sullivan of the Washington Post has taken notice.

So what's an investor (or member of the general public) to do? Unless you want to be swamped by the distortion, noise, spin, and outright false or #FakeNews, you have to carefully consider the source of anything you read or hear, and take time to curate your sources of "news and information." Here's one list I've curated.

Other Macro Economic and Investing News:

•  Jeff Gundlach predicted Trump would win, what's he think now? "It’s typical for the stock market to go up until the inauguration and then fall. It happened with Ronald Reagan, too. I think we will see something similar—it will have a pullback, at a minimum. There will be an attempt to build infrastructure and borrow a lot of money to do it. There will be potential for a pick-up in growth, an increase in interest rates, which has already happened, and potential for inflation."--Invest Like a Legend: Jeffrey Gundlach | TheGlobeandMail.com: "... being successful in investing is to understand human nature."

•  Economist: Stock Market Gained $2T in Wealth Since Trump Elected | FoxNews.com and U.S. Rally Is the Envy of Stock Markets Worldwide | WSJ.com: "... U.S. stock markets have rallied since the President’s victory more than two months ago, rising on improved economic data and hopes Mr. Trump can stimulate the economy with tax cuts and infrastructure spending while rolling back regulations. But most major stock markets around the globe haven’t enjoyed the same postelection bump, and many remain far below their record levels ..."

•  Brexit Update: London Bankers May Dodge One-Way Trip to Frankfurt | Lipper Alpha Insight | ThomsonReuters.com.

•  Trump Effect? California's stormy winter sets snowfall record for Mammoth resorts (over 20 feet in one month): "The Sierra Nevada snowpack, which provides a third of the state’s water when it melts in the spring and summer, is at nearly 200% of average for this time of year. Many of the state’s biggest reservoirs are full, and much of the northern half of the state is considered to be out of drought conditions. More storms are on the way, state climatologists said."--LATimes.com

One More Thing:  Pundits, Facts and the Future | Bloomberg.com: "News media provide an opportunity for rampant confirmation bias ... for investors, as most of what is news is not only old, it often already is reflected in market prices ... "

-- John Poole, Editor, Domain Mondo 

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DISCLAIMER

The Future of News: Digital, Video, On Demand, Online

"The future of news is the irreverent Vice. Maybe even Buzzfeed. Something instantly accessible that lives online. To think a nightly newscast at one appointed time has any future is to believe cable will remain unbundled and movies in theatres will make a comeback. Things change ..."--Bob Lefsetz

The Future of News: Digital, Video, On Demand, Online--

Mining the Social Web: A look inside Storyful, the world's first social media news agency - published on Jun 17, 2015: "Everybody now is a storyteller...but when everybody's telling a story, which stories are worth listening to?" Google News Lab took a behind-the-scenes look at Storyful and its team of editors as they sift through eyewitness media posted to social platforms like YouTube and find the most newsworthy social content of the day, using a unique blend of technology and expert journalism"

Here are three initiatives recently announced by YouTube:

YouTube Newswire: YouTube Newswire (in partnership with Storyful, domain: storyful.com, a social news agency) will offer a curated feed of the most newsworthy eyewitness videos of the day, which have been verified by Storyful’s team of editors and are embeddable from the original sources. With the Newswire, Google's YouTube "hopes to provide journalists with an invaluable resource to discover news video around major events, and to highlight eyewitness video that offers new perspectives on important news stories."  Follow on Twitter or subscribe to the daily newsletter.

The First Draft Coalition, domain: medium.com/1st-draft:"... we’re bringing together a group of thought leaders and pioneers in social media journalism to create educational resources on how to verify eyewitness media, and how to consider the ethics of using it in news reporting. This new group, called The First Draft Coalition, will consist of experts from Eyewitness Media Hub, Storyful, Bellingcat, First Look Media's Reported.ly, Meedan, Emergent, SAM Desk, and Verification Junkie. The Coalition will develop and program a new site for verification and ethics training, tools, research, and, most importantly, case studies around the biggest news stories of the moment. The site will launch this fall." See the Coalition’s Medium collection, which has how-to posts and examples of UGC verification, which will be updated every week. Follow First Draft on Twitter.

WITNESS Media Lab will explore the impact of bystander video in bringing about justice in police brutality cases in the United States. Check out the new site, domain: lab.witness.org, and follow the WITNESS Media Lab on Twitter for more updates.


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