Everyone, from the thousands of small cap underwriters who were banished from the business to the tens of thousands of people getting high in tents and occupying the nation, would agree that Wall Street is seriously broken. And Wall Street’s integrity is just as damaged as its shattered infrastructure. But while the infrastructure can be […]
Bipartisanship Prevails for Job Creation
Long before Wall Street turned into a campground it was like a dependable machine that kept capital flowing to our greatest job creators – America’s small businesses. At the heart of the system was the Nasdaq engine that transformed sheer innovation into economic prosperity for an entire nation. Regrettably, a combination of over-regulation and greed […]
Farewell, NASDAQ. The Next Wealth Generator Has Been Unleashed
So far this year, there has been a great deal of media attention surrounding the private company marketplace (PCM) or what is commonly called, the secondary marketplace due to the nature of shares it currently trades. While there are some who feel that this marketplace is nothing more than a thorn in the SEC’s side […]
Is Groupon’s IPO Doomed?
It was reported today that Groupon’s IPO is delayed until September while the SEC looks into some of its “fancy” accounting metrics. According to sources, the SEC is focusing on one metric in particular, CSOI, not to be confused with CSI, the popular television crime series. Even though both are draped in mystery, CSOI does […]
Did Pandora IPO Too Early?
Pandora (NYSE: P), the unprofitable Internet radio company brazen enough to demand a single letter trading symbol, made its public debut on Wednesday. At $16 a share, or $2.6B, Pandora was priced at about 19X last year sales. On its first day of trading, its shares rose as much as 63% from its IPO price […]