4 ms·
OK, their dirty laundry is about what I would expect it to be. They are required to list these things at this point to avoid being accused of hiding information
by bluetwo 10y ago
OK, their dirty laundry is about what I would expect it to be. They are required to list these things at this point to avoid being accused of hiding information later.
Given all this, are you buying? If you owned stock day 1 would you sell it?
- clock_tower 10y agoPersonally, I'd sell immediately. I don't trust tech stocks; they're consumer discretionaries (or media stocks?) but more volatile, and any one of them could suffer the fate of Sun or Iomega at any time. If you gamble and win, you can make a fortune, but if you gamble you're more likely to lose; there are more reliable profits to be made elsewhere. (But I don't short any tech stocks, even though they don't normally pay dividends; all you have to do is short the next Microsoft once, and then you're selling your house a decade down the line. I prefer to let other people do the gambling, in both directions, while I look for safer things. Similarly, I have no exposure to biotech, the other gambling part of the market.)