IPO and Other Stock Plays Message Board

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Strategies & Market Trends : IPO and Other Stock Plays

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From: yossarian67	5/18/2005 11:20:41 AM
	of 13331

ctrn heavy volume early 1/2 the float nearly in 15 minutes..indicative of a cibc flip fest...let's see if someone out there is taking the other side of this flip for something more than a nickel...guarantee you most people taking this offering have no clue what this company even does....cnbc put 4 tickers on the screen as ctrn comparisons/competitors and they were all the teen retailers, not even close. why I like ipo's hardly anyone does the work early, most wait a long time to see how something performs before even looking at the thing...hey I could be wrong but this one looks as good to me as most any offering I've come across past year....only concern is that it might get the CONN lower income 'drag' meaning they don't like giving multiples to a retailer not high end or in the trendy teen niche no matter how they perform company-wise.

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