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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Jill who wrote (4679)2/6/2005 11:18:29 AM
From: Vendit™  Read Replies (1) of 8752
 
Now here is another stock from that era that will fool you by looking at the chart:

139.142.147.218

Now look at it again in the five year:

139.142.147.218

Just before 2003 it look like it miraculously took off and went back to $50 - $60. Anyone reading this post is probably asking themselves what I am talking about because the stock is indeed trading at $45.

INSP use to own SiliconInvestor which was a drag on INSP’s cask flow according INSP’s own press releases. At the time there were no ads on the message boards and since the markets were in the toilet nobody was interested in buying a lifetime membership yet it still took a payroll plus servers and maintenance to keep SiliconInvestor operating.

In October of 2003 (I’m going on memory here) INSP dipped below the 1.00 required minimum to stay listed on the NASDAQ exchange. Very quickly the BOD met and announced a 10 for 1 reverse stock split. After the reverse split the stock was trading at about $12.00.

They almost immediately shucked off SiliconInvestor and that is when the stock began to rise. They went from no (0) PE to a 20 PE today but their stock in reality is only trading at 4.50 and not 45.00.

It looks like Bob has taken SI’s business model and turned it into a profit model based on what I see.
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