Registered: Aug 2008
07-26-12 05:46 PM
Quote from AAAintheBeltway:
How does a company do an IPO in december at 10 and is at 3 seven months later? And they wonder why the public won't go near the stock market.
Did the underwriters do any due diligence? Will they just bring out anything now if they can line up enough suckers?
Investment bankers tee totally ruined it for everyone. We would think they may have learned their lessons from the mess they made that damn near brought down the entire financial system, but here they stand, doing what they've been doing...