[[[(not too hard to do as I do not know a heck of a lot.)]]]
Thank you for your analysis and you know a hell of a lot more than I do so I appreciate it. (oops, will I get in trouble for swearing?[g])
Although it is true that sometimes companies do things that don't make sense, trusting that Jain is not off on some weird ego trip it does seem to make common sense for the long term that this is a good deal for them. They have a lot of cash, and ten million for 4.1 million eyeballs sounds like it may be a good deal.
I do an average of ten to twenty searches a day on Excite, and use it as my main financial page. It seems to me that they are buying some automatic income, and given the bankruptcy let's hope that it is at a discount rate. That would be what common sense would suggest, if Jain is a good businessman. That is all we have to go on at this point.
I didn't see any bump in the stock price out of this, but given the overall market conditions at the moment that may not mean a whole lot either.
I dont know if this has been mentioned on this board, but I read on another INSP board that one of the large brokerage firms, forget which one, listed INSP as a recommended stock for tax loss selling to their clients. That may impact us soon, but I think it may be a good buying opportunity, I am planning on picking up more shares under $2.00. |
