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The Watcher's
Council: Over 30 articles from some of the top conservative bloggers
around the world and all in one easy to read location!
If it's Wednesday (and sometimes early Thursday) that can mean only one thing! That the
time has come for the weekly collection of article nominations at the Watcher's
Council to make themselves known!
This week’s Watcher's Council article offerings are dedicated to that other recent offering, the Wall Street bomb aka Facebook that was one of the most anticipated initial public offerings possibly of all time.
It was an offering so hot and sizzling that the number of shares being sold was raised along with the price to over 400 million and $38 respectively.
Incredibly for some although predictably for others, Facebook is now trading at or close to a 2-handle which, for those who received stock in the offering at $38 and didn't flip it or who paid above that number to get a piece of "internet history", is a quick and significant loss.
Some pundits are calling this deal and the lead underwriter Morgan Stanley an unmitigated disaster due to the stocks performance.
I say isn't it the job of the underwriter to maximize the amount of money received by the company and not to leave money on the table so that the institutional investors can clean-up by flipping the stock at the open?
Damn straight it is!
And now for the exuberance of the Watcher's Council, details of which can be found at The Political Commentator here.
It was an offering so hot and sizzling that the number of shares being sold was raised along with the price to over 400 million and $38 respectively.
Incredibly for some although predictably for others, Facebook is now trading at or close to a 2-handle which, for those who received stock in the offering at $38 and didn't flip it or who paid above that number to get a piece of "internet history", is a quick and significant loss.
Some pundits are calling this deal and the lead underwriter Morgan Stanley an unmitigated disaster due to the stocks performance.
I say isn't it the job of the underwriter to maximize the amount of money received by the company and not to leave money on the table so that the institutional investors can clean-up by flipping the stock at the open?
Damn straight it is!
And now for the exuberance of the Watcher's Council, details of which can be found at The Political Commentator here.
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