Lufee categories
Source
Latest news entries via source portfolio.com: market movers
Taking a Bankrupt Company Public
One of the defining features of the dot-com bubble was the long line of loss-making companies coming to market with IPOs. That all came to an end when the bubble burst, and right now nobody is coming to market with an IPO. Nobody, that is, except Friendfinder Networks. Which not only is losing lots of money: it's also in default on its debt . Just check out the prospectus : in the first nine months of this year, the companyhad a net loss of $32 million, after losing $50 million in 2006 and $30 million-
John Paulson, Proud Short
Gary Weiss has a profile of John Paulson in the February issue of Portfolio which I misread when I first came across it. He talks a bit about Paulson being "unrepentant" about the money he's made during the market crash and making "no apologies" for it. And as if to answer the question of what Paulson has to apologize for, he adds this: Left unexamined is the uncomfortable moral dimension of Paulson's achievement. If he saw all of this coming, was it right for him to keep his own counsel, quietly
-
Blogonomics: Wallstrip Goes From $5 Million to Zero
The message on the Wallstrip home page is upbeat: Happy Birthday to us That's right, two years of pure web video stock market fun. The market's slowing down, but we're not! Except, Wallstrip has slowed down all the way to a complete stop. It hasn't updated since December 12, and now PE Week Wire says that it's not going to come back: A source familiar with the situation says that Wallstrip owner CBS Interactive plans to "take the DNA from WallStrip and apply it" to fellow CBS property BNet. No word
-
Meagan Chung Pleads Innocent
In one of the longest news articles I can remember reading in the New York Post, the SEC's Meagan Chung -- the woman who investigated Bernie Madoff in 2005 and cleared him of fraud -- tries, unconvincingly, to defend herself . Instead, she comes across as even less competent than we thought: [Said Cheung:] "If someone provides you with the wrong set of books, I don't know how you find the real books." ... Regarding Madoff specifically, Cheung said, "I never met the man."... Markopolos gave the investigators
-
Why the New York Times Won't Cease Printing
The end of the world is nigh! Or the end of the print edition of the NYT, anyway, at least according to Michael Hirschorn , in a piece which has been generally well-received by a blogosphere. For me, however, the article makes very little sense: Hirschorn seems to think that given a choice between defaulting on debt payments and stopping its print presses, the Sulzbergers might choose the latter. But they wouldn't: for one thing that's not a decision the NYT's lenders would actually want, and for
-
Quants: What Are They Doing These Days?
I was talking about quant funds this afternoon, and got to wondering what on earth they're doing these days, given that their m.o., up until say the summer of 2007, was to find trading ideas, backtest them, try them out in real life for a while, and then pull the trigger and actually trade on them. The question then becomes: what now? When you backtest, do you backtest through the quant blow-up of 2007 and the stock-market meltdown of 2008? If so, do you really think that's going to give you the
Login to your Lufee
New users at Lufee
Recent comments
Recent tags
-
kobe bryant
10-01-2008 07:58 AM -
bulls
05-24-2008 06:11 PM -
beauty
05-22-2008 01:45 PM -
skincare
05-22-2008 01:45 PM -
hair
05-22-2008 01:45 PM
- |
- |
- |
- |
- |
- |
- |
© 2003-2009 LuMriX.net GmbH