I have to call this out. Representing this move as an intelligent, strategic corporate decision looks, from the other guys point of view, like you’re spitting in his face. Via Reuters: Facebook has crystallized its blunder of an initial public offering with a stock buyback. Mark Zuckerberg’s social network will essentially cut its outstanding share .. read more
Is The “Bad News” Really Good?
Facebook closed the week on a new low and the press is replete with tales of IPO investors’ woes, the demoralizing effect on employees and whether CEO Zuckerberg is in over his hoodie. Slate even featured a ridiculous article by a University of Washington professor advocating the nationalization of the company because it “has become .. read more
A Welter Of Worries
It is said that bull markets climb a wall of worry but if that were true, then Wall and Broad should look like downtown Pamplona in July with market bears gored, trampled, spindled, mutilated and wrapped around the buttonwood tree. The list of worries for investors seems to grow by the day with slowing Chinese .. read more
Fiduciary Duty And The Facebook IPO
Facebook finally came public last week and the first day of trading saw the stock basically close flat. The financial commentariat is in a lather over the lack of a first day rise in price. Forbes, for instance, has an article titled The Failure of Facebook’s IPO. That is just one of many articles on .. read more
The Facebook Phenomenon and Its Economic Impact
Thinking Things Over May 6, 2012 Volume II, Number 18: The Facebook Phenomenon and Its Economic Impact By John L. Chapman, Ph.D. Canton, Ohio. Facebook, Inc. begins its investor roadshow this week in anticipation of an initial public offering on May 18. The company’s potential is virtually unlimited, though business history is replete with should-have would-have could-have .. read more
Weekly Economic & Market Review
What a strange week: North Korea’s new leader, Kim Jong Un, tried to emulate his ancestors by firing off a rocket but it disintegrated minutes after take off. Following that Un-success the young Mr. Kim threatened to conduct a nuclear test so that his country could end “the days of enemies threatening and blackmailing us .. read more
Trend Watcher – Nasdaq At 10-Year High
Joseph Gomez, Sr. Investment Advisor The Nasdaq made a multi-year high this week. The index is now up 11.54% for the year, which is nearly double the 6.94% YTD return for the S&P 500. The key to this rally has been the strength we’ve seen in the Financial and Technology sectors, which make up roughly 35% of the .. read more
