<< at $38, which tells me that the company and the lead
underwriter, Morgan Stanley, decided that this was a "fair value" for the shares. They
wouldn't sell the stock for less than they thought it was worth, would they? >>
Yep. Right, Stu.
Used to be. Now, they price 'em where they KNOW there will be a huge institutional demand.
<< There was little, if any at all, money made in the "open
market" on SCMR shares yesterday. In fact, a lot of people are holding big "paper" losses, and those who sold realized big "real" losses. >>
The money was made by the flippers.
Some of this s--- is starting to make me puke.
IMO, there is not a shadow of a doubt that if MRVC, as it is presently constituted, were to be a new IPO today, it would finish 1st day trading at a market cap of, oh, $6 or $8 billion.
After all, that would only be 20 times next years sales.
BP |
