How to disrupt Wall Street? Move the capital raise process onto the social web.
IPO’s
Hot Links: Too Fat To Graduate
Stuff I’m Reading this Morning… Fed to Banks: Payback Time. (Bloomberg) The nominees for Fund Manager of the Decade. (FinancialAdvisor) Jeff Saut (Raymond James strategist) calls the bears a “Cacophany of Crybabies”. (Clusterstock) The seven best deals on cars this Black Friday. (CNNMoney) Horrid economy gives a boost to evangelists and religious cult of personalities. …
Hot Links: The History of the Internet
Stuff I’m Reading this Morning… What to make of the recent surge of IPO issuance. (SmartMoney) Hedgie Leon Black and his Apollo Management buying up the debt of CT’s Foxwoods casino. (NYP) Morningstar‘s new Shareholders tab let’s you keep track of who else owns your stock. (Morningstar) Eric Sprott on the pickup in momentum for…
China Pulls Out All the Props
In the face of the possible Panda Bear Market we discussed here yesterday, it seems that the guys who pull the levers in China have opted to prop up stocks rather than let nature take it’s course. According to Reuters, they have three viable options to consider as the central bank tightens rates: Halt New…
Enter the Panda Bear: Chinese Stocks Down 20%
The Chinese stock market, as represented by the Shanghai Composite, has doubled from it’s low this year and then peaked out in mid-July. Since it’s high last month, it has given back about 20%, which is the standard measurement of what constitutes a Bear Market. I am coining the phrase Panda Bear Market to describe this…
Hot Links: Buffett & The Bikers
Stuff I’m Reading this Morning… Whistleblower Harry Markopolos says Credit Default Swap fraud will top the Madoff ponzi. (Clusterstock) Warren Buffett‘s latest op-ed just went up, it’s called The Greenback Effect. (NYT) Don’t look up, private equity firms are about to drop some REIT IPO’s on us. Sold to you. (DealBook) Chinese pig farmers speculating…
Breakfast Links: IPO's, Cramer & the B of A Tower
Stuff I’m Reading this Morning… First, I want to wish a happy 4th birthday to Long or Short Capital‘s site…these guys are great, start reading. (LongOrShort) 4 IPO’s scheduled for August. I forgot, what’s an IPO, again? (DealBook) How many NYC restaurants have gone under this year? Not that many, considering… (Grub Street) Straight up…
Private Equity, Public Embarrasment
Apollo Management sure has made some awful deals recently… From Bloomberg: Apollo founder Leon Black, 57, is trying to salvage some of the $60 billion worth of companies he has acquired since 2006. Retailer Linens ‘n Things Inc. filed for bankruptcy last year. Casino operator Harrah’s Entertainment Inc. is restructuring debt to stave off default….
A Footrace to Zero: Heelys vs Crocs!
[vodpod id=Groupvideo.2297214&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Oh boy, this is one ugly race, with the finish line possibly being bankruptcy for both participants. I never owned a pair of either Heelys or Crocs and never will. Its not that I don’t get sucked into fads every now and then (I rocked a yellow LIVESTRONG bracelet throughout most of 2003-2004)…
