Loaded-Gun.Com - Anti-Social.Com's Rejects!
General Category => Politics, Philosophy, News and/or Current Affairs => Topic started by: taiko on September 30, 2009, 03:59:51 PM
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Investor folks, let me recommend you pick up some newegg stock.
http://www.marketwatch.com/story/online-retailer-newegg-files-for-175-million-ipo-2009-09-28 (http://www.marketwatch.com/story/online-retailer-newegg-files-for-175-million-ipo-2009-09-28)
Despite the pending lawsuit, I think this would be a great buy.
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Using an ipo for expand a retail outlets globaly...hmm...worth riding the ipo for a few days, not a long term investment.
Profit margins are very tight at only 1.4%
eek.
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my thoughts exactly.
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I lost enough money on tech stocks in 2000. I'll pass.
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never heard of it, why are you recommending it?
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Luke has insider trading secrets that he got from Martha Stewart.
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Most ipo are homemade.
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I dislike measures like earnings per share when they arent given as profit per share. I dislike the reasoning behind IPO's where value appears to be a number pulled from thin air.
If they are growing as well as they say, why not expand using retained profits?
And a pending copyright infringement lawsuit is just another red flag.
Also, investing in retail in this environment is a bad idea. Generally investing in retail is a bad idea anyways, as there is usually far too much goodwill in the business name to justify some of the ratios I see. I thought about the Myer IPO, but, at the prices they want, I'm going to pass. Knock a dollar of the price, and I'm there.
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And a pending copyright infringement lawsuit is just another red flag.
Soverain Software is just a patent troll, going after a number of major online retailers with infringement suits. They're looking for a one-time payout/settlement on an ambiguous software patent claim. They got about $40M from Amazon, and I expect they'll get something similar from newegg. For a company measuring revenue in the billions, that's not going to be a big deal in even the medium-term.
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I interviewed at a biotech company that did patent trolling once.
Funny fact - the people at said companies think you should be really excited about jobs that at best have nothing to contribute to society...and at worst are leaches off of people who actually choose to be productive by, you know, producing things that people want or need.
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Did the companies name start with M ?
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I actually don't remember the name. It was a ~15 person Maryland firm. They were talking about going public when I interviewed there.
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Heh, some of our previously-employed IP atttorneys were patent trollers. There was this one client... oh wait. There's some sort of clause I had to sign when I joined the firm.
I would be scared to hold on to any Newegg stock in hope of any long-term gains. I don't own any retail-company shares. Which is weird, because I do generally invest via speculation, but I guess I always speculate retail to FAIL. Just too much competition.
With Newegg it'd be the ole in-and-out for me. However, I have accounts with Zecco and E-Trade and both have very limited access to IPOs. I like managing all investments myself, through self-directed online discount brokerages. I know a guy who is a husband of one of my co-workers that could probably nab some IPO shares, but I don't know if it's worth it.
With the Visa IPO a couple of years ago I took a gamble, and scooped up shares the morning it went IPO (but not at IPO price), and have rode it up and down and back up again.