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08:44 AM on 01/02/2013
Went public a year and a half ago with an IPO price of 18. Soared to 30 on the first day of trading. Made a steady downward trek to 8 by the end of 2012. Avis is paying a "premium" to acquire it at 12. So the folks who made money were the investment bankers who sold the stock on the first day of trading as well as the investment bankers who sold it on the last day of trading. Who got hosed were the people who bought the Zipcar hype and stock.
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10:14 AM on 01/02/2013
And did you notice who is advising these companies in this?
2 of the parties that helped melt the market in 2008 to their own advantage.
Why would I trust them for any advice, if I was in business?
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Moxo
Our enemies are in the GOP.
02:21 PM on 01/02/2013
Who got hosed were the people who bought the Zipcar hype and stock.
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No, those who KEPT their newly-bought Zipcar stock beyond the second day of business!