A lot of people were left holding the burning carcasses of those companies. We've learned a lot in the last few years. The market has become more selective. |
Align is more of a speculative play, it's a young business and they are nowhere near profitability. But they have a unique product in a large marketplace. |
Anybody with a shopping cart, ball of twine and pen and paper could do an IPO in this market, ... Pulling your IPO due to market conditions is a pretty poor excuse - this market is as good as it gets. |
Beacon education I wouldn't touch with anybody's money, ... They've done a lot of lending to their customers. |
Given the size of Morgan Stanley's position and the impetus to sell these shares, it will take a tremendous amount of aftermarket buying to lift this deal, ... I just can't see where that will come from. |
Given the size of Morgan Stanley's position and the impetus to sell these shares, it will take a tremendous amount of aftermarket buying to lift this deal. I just can't see where that will come from. |
I don't think anything this week will have more than a small premium. |
I think there's an excitement that surrounds the whole Internet component, even though it's still not the bulk of what they do. But it also becomes an institutional darling almost immediately. |
I would have liked to have seen more of the proceeds go to reducing their debt load. |
If any sector is working right now, it's oil and gas. |
India is very suddenly a hot theme in our market. We've seen them explode quickly. But the problem is that they can cool off as fast as they heat up. |
Is it pricey? Probably. But it may be a small price to pay if they keep growing at their present rate or even faster. |
It looks like there's some market for these retail. I think the deal works really. |
It pays to take oil and gas out of the ground these days. Any oil and gas deal is going to have some pop. |
It takes the position of an instant blue chip. It becomes an institutional darling almost immediately. |