With all the mayhem, chaos, and terror happening around the world, I guess it should come as no surprise that the most important things on the minds of Americuh are nekked pictures of famous people. The Jennifer Lawrence et. al. hack has been gobbling up the airwaves, and one glance at the CNN home page shows the relative amount of attention (tinted in yellow) it gets versus, say, 88 terrorists being captured (tinted in magenta).
For a price not much higher than that of the Six Million Dollar Man, you can come hang with me here in drought-sticken Palo Alto! In this morning’s paper, there is a property featured in my neighborhood for the low, low price of $6.5 million, which is a cinch if you happen to be one of Facebook’s earlier employees. And the lot size – simply massive – a full .172 of an acre (and I am not making that figure up – less than one-fifth of a single acre). Must be pretty magnificent building, though, eh? Here ya go! (more…)
In this propped-up, hyper-inflated, completely-fake “market” of ours, if you run a public company that isn’t puking to new highs every day, you’ve got yourself some problems. Because, looking at these companies below, it seems to me that if in the year 2189, markets are every allowed to function normally again, they’re all going to find firm support at $0.00. I could show plenty more charts like this, but I’ll keep it as simple as A, B, C………. (more…)
Here’s Coupons.com, which reported its “strong” results today – - and the dashingly handsome CEO/Founder Steven Boal in the lower left. It’s like 2000 has come back in full force. Talk about half-off! (NOTE: this doesn’t even reflect the extent of the damage; this piece of crap has plunged to lifetime lows, well below what is reflected here; there’s a personal element to this story I shan’t go into right now, but suffice it to say I’m delighted to see this company in flames).
I have been snarking about “for-profit” education companies here on Slope for years. Simply stated, I think they are a cynical, heartless industry, since they prey on the ignorant. The poor folks watching those ridiculous ads on television, thinking that by going to ITT “Institute” or the “University” of Phoenix, they can change their life for the better – - -it’s just sad. It’s even more evil since they fund the tuition of these poor bastards by means of you, the taxpayer, since they take out enormous student loans that in most cases are never paid back. Thus, it’s awfully nice to see some divine justice being meted out……….to wit:
I am seeing some stocks these days which I think are basically doomed, but I’m not going to bother shorting them, mainly because the stocks don’t have much history to go on. Frankly, this is probably a mistake, because these profitless Internet companies have pretty much nothing in terms of price support, and I suspect all three will find themselves in single digits (as Angie’s List already has) in relatively short order.