iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

I WOKE UP TO TWO RIDICULOUS DEALS THIS MORNING

Nonsensical website, Geeknet, was acquired for $17 per share, by clothing retailer HOTT TOPIC. The fuck? To make matters worse, the motherfucking stock had closed at $7 and the goth oriented retailer thought it made sense to pay $17. HAHAHAHA

Do you know why this happened?

Ken “motherfucking” Langone, founder and baller of Home Depot. Ken wasted his time at this 5th tier company from 2010-2013, as its CEO. Talk about taking a step down on the corporate ladder. Nevertheless, he was still a board member and likely a very bored one at that, so he ordered Hott Topic’s private equity owner, Sycamore, to buy the piece of shit so he could move on with his life.

I mean, dude, Hott Topic is a fucking clothing retailer to teens. Maybe I should inquire about Aeropostale or LuLu Lemon to buy iBankCoin.

Then I read CHTR was to buy TWC for–get this–$56 billion. That’s right, the same company who filed bankruptcy several years back has now turned the ship around to the point to buy America’s premier cable operator. There is something distinctly distasteful about this deal. It’s like watching a dog eat a lion. The food chain is fucked up here, sort of like when AOL merged with TWC!

Futures are weak, post durable goods data. Please, fuck off.

Gold is getting a gravity hammer to the skeleton. I expect the good folks inside of Exodus to wrap up their trades in DUST/short NUGT today. Well done.

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6 comments

  1. matt_bear

    is this good or bad for Abercrombie?

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  2. formergeek

    tons of headlines on the Time Warner deal but I’ve yet to see anything to make any sense of the deal smells fishy

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    • formergeek

      Oh now i see, who cares about customers or employees or stockholders, John Malone gets his prize sigh

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  3. whataboutthetwinkie
    whataboutthetwinkie

    its not a bubble. its not a bubble. la la la la la

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