Tuesday, May 31, 2011


They plan to offer an IPO very soon, and expect it to go through the roof, but I keep looking at statements like this from their CEO: "We expect to continue to incur operating losses on an annual basis at least through fiscal 2012," and I wonder why in the world people are going crazy for it.

I guess I just don't understand high finance. (Although I suspect I know why they call it "high" finance.)

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