Stock worth Buying.

[schild]

IGN Going Public

Today, IGN Entertainment announced that it has filed with the Securities and Exchange Commission in order to take an offering of the company's shares public. All of the shares in the proposed offering will be sold, according to the release. IGN owners Great Hill partners were recently looking for someone to purchase the company, and then priced IGN for over $800 million dollars.

According to Media Metrix, IGN and its sister sites attract over 25 million users a month. This includes GameSpy, RottenTomatoes, FilePlanet, TeamXbox, and VE3D. IGN also provides online gaming technology for hundreds of video game developers.

I hate to say it. But ya, it's worth buying.

[Evangolis]

Enron, baby.  And Bernie Ebbers going to da Big House.  I still remeber getting out of my car, seeing a penny lying on the ground, and thinking to myself, 'Oh look, it's a share of WorldCom."  As these events have shown us again, it is important to have confidence in the ethical foundations of any business you invest in.  Snakes bite, and if you spend enough time playing with them, eventually they will bite you.

[Sky]

Evangolis hit the nail for me: I'm an ethical investor. No thanks.

[Pococurante]

I hate to say it. But ya, it's worth buying.

Not to me.  For some reasons companies like these tend to attract the worst sort of vulture management.

[Toast]

Another one to watch:

NCTY

The9 Limited engages in the development and operation of online games, including operation of a virtual community, and Internet and Web site-related businesses in China. The9 Limited also has licenses to operate additional MMORPGs in China, including WoW, Mystina Online, and Granado Espada.

It's pretty hyped and inflated right now, but for those who want to own a piece of WoW in China, this is your chance.

P.S. I think this stock is going to tank...hard.

[Miasma]

I look forward to reading the prospectus once it becomes public to see how on earth they think they are worth 800 million dollars.  Have they ever released how many people they have as paying subscribers, or any other financial information?

[Trippy]

I look forward to reading the prospectus once it becomes public to see how on earth they think they are worth 800 million dollars.

They don't anymore -- that was when they were looking for somebody to buy them. For their IPO they are valuing themselves at around 200 million.

[Sky]

Are there really that many suckers on the internet that a shitty website like IGN can be worth that much? I'm ready to retire to my cabin.

[schild]

They're nothing like Enron. But the real problem here is that quite seriously - many of their big sites are run by CHILDREN.

I look forward to seeing it implode - though I don't really suspect it will happen. They bring a LOT of ad money in.

[tazelbain]

I think we are about due for a second internet bubble.

[Soln]

I think we are about due for a second internet bubble.

witness Google

[sarius]

IGN Going Public

Today, IGN Entertainment announced that it has filed with the Securities and Exchange Commission in order to take an offering of the company's shares public. All of the shares in the proposed offering will be sold, according to the release. IGN owners Great Hill partners were recently looking for someone to purchase the company, and then priced IGN for over $800 million dollars.

According to Media Metrix, IGN and its sister sites attract over 25 million users a month. This includes GameSpy, RottenTomatoes, FilePlanet, TeamXbox, and VE3D. IGN also provides online gaming technology for hundreds of video game developers.

I hate to say it. But ya, it's worth buying.

Just because they've jury rigged more financiers doesn't mean they're anything more than another penny stock waiting to steal your money.

Financials look pretty hidden to me, where's the transparency?

[WayAbvPar]

I think we are about due for a second internet bubble.

Hopefully I can catch some of the lightning in a bottle and retire this time around.

[HaemishM]

800 MILLION FUCKING DOLLARS???

Sure, I'll buy that, but only if I can play the horsie and get Boardwalk for free.

Motherfucking clown shoes.

[Johny Cee]

Enron, baby.  And Bernie Ebbers going to da Big House.  I still remeber getting out of my car, seeing a penny lying on the ground, and thinking to myself, 'Oh look, it's a share of WorldCom."  As these events have shown us again, it is important to have confidence in the ethical foundations of any business you invest in.  Snakes bite, and if you spend enough time playing with them, eventually they will bite you.

The real and major reason we got shit like Enron and Worldcom?  Not to mention all the failed companies with no financial fraud?

Investors.  Investors got used to high returns in short time periods,  damn everything else.  Everyone put on their blinders and walked right on to the fucking money train.  If you weren't generating the huge returns,  corporations lost the investment money and the executives were out of a job.  Everyone knew their was a bubble,  and they tried to squeeze every drop of cash out of the market before the crash. 

Surprise surprise when everyone got screwed.

It was a system where management had every incentive to cheat and fudge and hold on,  because the investors and board were going to throw them out if they didn't generate the impossible returns. 

And it's also part and parcel of any market bubble. 

[Evangolis]

Just as a note.  One of my brothers is a VP with a major energy company.  Knew some of the Enron guys socially, got sent in to California to manage the mess post-Enron, spent a lot of time talking to very unfriendly lawyers.  Didn't have to worry about jail because his company ran things reasonably honest and above board, or because they were late to the whole fake energy trading world, take your pick.  They were a dog, stock-wise, during Enron's heyday, but they pulled through, and now are doing fine.  If you'd have invested in their stock, you'd have a little better than quadrupled your money last year.  Maybe not Enron numbers, but you'd still have your cash.

Yeah, the pressure is always going to be on, someplace, and if you chase the hot money, you'll likely get burned, but you don't have to be stupid, particularly if you don't have to be rich tomorrow.

[Brolan]

You can make money on this stuff but you have to get in and get out early.  Make your money but don't be greedy.

Its better to lose a little profit than take the downside.

[Sky]

Should be interesting when all those baby boomers start making their mandatory 401k withdrawals. Mandatory stock selling on a scale of millions, perhaps billions of shares per year.

[Pococurante]

Baby boomers have savings?  :-D  At best it seems they save a little more than their predecessors but they spend much more.