Yesterday I bought puts in two companies, Groupon and Research & Motion. An SEC investigation of Groupon is music to my ears. They have an unsustainable business model and had to cook the books in order to flip it to the general public. Andrew Mason is almost (innocent until proven guilty) common criminal who should retire and play with his dollhouses. All the banks that took them public should be burned to the ground, this disaster will not reflect lightly on legitimate young companies looking for public money. Take a look at their financials and try not to laugh out loud.
Research & Motion simply could not innovate along side Apple. Everyone important has or is jumping ship. I predict it will trade down to the single digits before some bigger stupider company (ie MSFT) makes an offer to buy their crap. Till then it will bleed cash month after month, quarter after quarter…
Cheers,
GG
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Any thoughts on $MSFT purchase of $YHOO. It’s been in the head winds for sometime now… ?
No real thoughts on that particular deal, just that MSFT has a history of paying too much for bad companies. Remember the Skype deal? Their first offer on Yahoo was also too much… Maybe its a possibility, I wouldn’t put it past them.