Did I wake up in Bizarro world? Did The National Inflation Association, pumpers of Broadvision (BVSN) and Synacor (SYNC), just issue a short sale recommendation?
NIA is pleased to announce its first ever short sale suggestion: Splunk Inc. (SPLK), currently $33.03 per share, with 96.76 million shares outstanding, and a market cap of $3.196 billion. SPLK has $268.28 million or $2.77 per share in cash, and an enterprise value of $2.928 billion.
Out of the 10 major cloud computing IPOs that took place in 2012, SPLK is by far the most overvalued. NIA looks for SPLK to decline 20%-30% by year-end and 50%-80% over the next 12 months.
I don’t know if I can deal with a Bizarro world today. I’m going back to bed and hopefully when I wake up everything is back to normal.
For nothing more than I really like this paragraph from Jason Zweig’s article Generation Why?
Finally, the notion that everyone in the same age bracket invests alike is ridiculous. How you invest is a function not merely of how old you are, but of all your life experiences – what your parents taught you about money, your emotional and psychological state, your reserves of patience and independence, your search for information and advice, and so on.
With all the news surrounding Mayor Bloomberg of New York and the ban on sugary drinks greater than 16 ounces, I’m reminded of one my favorite shows Penn & Teller Bullshit! and the episode titled “Fast Food”.
It deals more with the idiocy of subsidizing corn, which leads to cheap corn syrup, which leads to cheaper soda, which means people drink too much, so the government has to tax it to make the soda more expensive. Wait, What? Just watch.
If you’re at work you might want to keep the volume down low; there is a healthy use of the word “fuck”.
You can get all of season 8 which, includes “Fast Food”, through this Amazon affiliate link.