Zipcar Is A Steal Near $10

By Adam Levine-Weinberg:Whenever a stock makes a violent move, some people are ready to blame Wall Street manipulation for the volatility. There is an expectation that experienced Wall St. insiders "know" how much a stock is worth. As a result, when Wall Street price estimates turn out to be wrong, it's easy to criticize analysts and investment bankers for hyping (or sandbagging) the stock. But sometimes, Wall Street is just wrong.

By Adam Levine-Weinberg:Back in May, I argued that Zipcar (ZIP) was a steal when it was trading near $10.

IPOdesktop submits: Zipcar (proposed symbol ZIP) is scheduling a $125 million IPO with a market capitalization of $579 million at a price range mid-point of $15 for Thursday, April 14, 2011.

LOS ANGELES (AP) — Internet radio company Pandora Media Inc. reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening more than doubled to exceed 2.5 million.

Zipcar, the popular car sharing service, is getting acquired by Avis Budget Group. Avis has agreed to purchase the company for $12.25 per share, which is a monster 49 percent premium over Monday's closing price of $8.24.

Monsanto Company Inc. (NYSE: MON), the world's biggest seed company, is scheduled to release financial results for the fiscal first quarter on Wednesday, January 6, 2010. Analysts, on average, expect the company to report breakeven per share on revenue of $1.98 billion. In the year ago quarter, the company reported earnings of 98 cents per share on revenue of $1.98 billion.

IPOdesktop submits: Zipcar's (ZIP) recent price is $29.41; it’s been as high as $31.50. At $29.41, ZIP has a market cap of $1.135 billion, 200% above the original price range mid-point of $15, which gave ZIP a market cap of $579 million.ZIP has 8,000 vehicles, per its S-1 filing, making the market cap per car $141,903. For comparison:

Zacks.com submits: Regis Corp. (RGS), which owns, operates and franchises hair and retail product salons worldwide, posted fourth quarter and fiscal 2010 results on August 26, 2010. The company’s adjusted earnings for fourth quarter missed the Zacks Consensus Estimate, but reported profit as compared with a loss in the prior-year quarter. Results reflect the benefits of cost-containment measures and improved gross margin.