Thursday, November 3, 2011

The LinkedIn (LNK) Short

Stableboy has done a series of excellent posts on a LinkedIn short idea. This article from June about the expensive valuation (relative to sales) is a good one as well.

Today the company announced that they are selling additional shares to raise capital:

LinkedIn Corp. said Thursday afternoon that it plans to sell about $100 million worth of its shares in a public offering. The move comes nearly six months after the business social network's IPO. [The company] intends to use the funds 'to raise capital for the company, facilitate an orderly distribution of shares and increase the company's public float.'"
This is fantastic for shorts.


Stagflationary Mark said...

I'm thinking of building an Ark based on the strength of our economy. ;)

CP said...

how's the paper towel portfolio?

Stagflationary Mark said...


The toilet paper hoard is kicking @$$, lol.