Would You Invest?

Discussion in 'Politics' started by The Rabbi, Aug 18, 2010.

  1. The Rabbi
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    The Rabbi Diamond Member

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    Would you invest in a company with the following characteristics:
    -Stock price declined from $1.50 to present .62 a share
    -Revenue down over 14% in last quarter
    -Book value at .27/share
    -Lost $8.7M last quarter
    -Gross margins of -113%
     
  2. topspin
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    topspin BANNED

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    NO
    I stay away from bullshit stocks with prices way under $10 share
    Mostly blue chips for me, college recruits and stocks
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    Too bad. Because YOU"VE ALREADY INVESTED!
    Wis. factory hosting Obama got $1.3M federal loan - Yahoo! Finance
    Go look up ZBB, that's the ticker.

    What a fine use of stimulus money. This is what happens when gov't wants to pick winners and losers in the economy.
     
  4. kyzr
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    kyzr Gold Member

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    I'm out of the stock market until they eliminate naked short-selling. With the economy tanking you'd think the dems would do SOMETHING to keep the market from crashing?!
     
  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    You are on the ball there Rabbi...

    In an $800 billion Stimulus you come up with $1.3 million for a Wisconsin Company.

    Got something against helping out small business? I guess you would have them all fail.

    So Stimulus money was only supposed to go to companies that don't need it?
     
  6. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Thank god Rabbi is saving us from this..

     
  7. cad
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    cad Active Member

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    the thing is, giving a bad company $1.3 million might keep people in a job for a few months, but if its a bad company, it's gonna fail. why waste the money?

    but you're right, it feels good to help out that company. you can pat yourself on the back and say, "look, i helped out that company. i'm a good person."

    what will you say when they file for bankruptcy in 12 months?
     
  8. topspin
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    topspin BANNED

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    More money for me, I'll buy the blue chippers. The gready neocons will be back in after it's apparent the sky is not falling then boom back to the good ole day's./not boy's
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    They've actually gotten way more than 1.3M. But that's irrelevant.
    What is relevant is the gov't using taxpayer money to support a business that is merely politically popular, not economically viable. And of course a good part of that went for salaries, keeping their CEO in his job, along with other execs.
    You don't want your tax dollars going to support rich CEOs?
    Well, the Democratic party sez, Fuck You!
     
  10. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    You guys used the same argument when we bailed out GM
     

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