To: rightwingintelligentsia; Enterprise
Saw web stories saying Carbonite’s stock hit a 52 week low yesterday afternoon. Is there a connection to leaving Rush? Hmmmmmm :-)
31 posted on
03/06/2012 9:10:55 AM PST by
MissMagnolia
(Being powerful is like being a lady. If you have to tell people you are, you aren't. (M.Thatcher))
To: MissMagnolia
Investors in Carbonite may be a little sharper than Carbonite gives them credit for. The investors know that a huge part of Carbonite's success and future earnings were tied to their advertising on Rush's show. This is the market showing no confidence in Carbonite. Yesterday was a down day for the market, and so far, today is even downer! None of this bodes well for Carbonite. They are getting pounded by a double whammy of low stock prices and Rush's audience turning their backs on them. Dreadful business decision on Carbonite's part.
43 posted on
03/06/2012 9:18:07 AM PST by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: MissMagnolia
Yes, it is at yearly lows. But it hit it’s 52 week low last week. And it has been on a slide since fall. November was one of the largest drop in price times. It had another big drop in mid December through the first of the year.
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