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.
3 comments:
I'm thinking of building an Ark based on the strength of our economy. ;)
how's the paper towel portfolio?
CP,
The toilet paper hoard is kicking @$$, lol.
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