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Salon.com closes at $0.01
Drudge ^
Posted on 10/05/2002 9:31:04 AM PDT by Straight Vermonter
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Last Trade Oct 4 · 0.01 |
Change -0.03 (-75.00%) |
Prev Cls 0.04 |
Open 0.04 |
Volume 88,500 |
Day's Range 0.01 - 0.04 |
Bid 0.02 |
Ask 2,000.00 |
P/E N/A |
Mkt Cap 142K |
Avg Vol 26,378 |
52-wk Range 0.01 - 0.26 |
Bid Size 4,500 |
Ask Size 100 |
P/S 0.16 |
Div/Shr 0.00 |
Div Date N/A |
1y Target Est N/A |
EPS (ttm) -0.26 |
EPS Est N/A |
PEG N/A |
Yield N/A |
Ex-Div N/A |
|
|
How risky is this stock? Find out with SmartMoney Select's Risk Map 1000. |
Quotes delayed 15 minutes for Nasdaq, 20 minutes for NYSE and Amex. For delay times on other exchanges see exchange table. Quote data provided by Reuters. Don't Delay. Get streaming real-time exchange quotes, charts, and screener from NYSE, AMEX, and Nasdaq. |
TOPICS: Business/Economy; Culture/Society; Extended News; Free Republic; News/Current Events
KEYWORDS: dotbombs; journalism; liberals; salon
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To: Straight Vermonter
Soon this "one cent" stock will reach the fair market value that its "no sense" product deserves.
To: Billthedrill
Of course, you realize that this means if it managed to go back up to 2¢, you'll have realized a 100% profit overnight, which ain't bad. It just might be worth placing a couple hundred dollars on a bet.
22
posted on
10/05/2002 1:50:37 PM PDT
by
Timesink
To: Dallas
Just proves you still can't get anything for a penny!
To: Aquinasfan
Our town paper had Kingsley on as a guest columnest today, I did not read it, I cannot stand him, and when he is on TV I am transfixed with his mannerisms cannot pay attention to what he says.
couldn't happen to a nicer guy!, maybe his style of writing is why the liberal left cannot have a primetime talk radio show
24
posted on
10/05/2002 1:54:50 PM PDT
by
Burlem
To: Straight Vermonter
I normally don't like penny stocks.
25
posted on
10/05/2002 1:57:00 PM PDT
by
THX 1138
To: Straight Vermonter; rohry; Wyatt's Torch; arete; LS; meyer; DarkWaters; STONEWALLS; ...
Some must have bought and held this POS.
To: Timesink
Don't forget commissions. A 2 cent/share commission means the stock would have to quintuple (to .05) just to break even. I think it's a bad bet even at a penny.
To: rohry; Wyatt's Torch; arete; LS; meyer; DarkWaters; STONEWALLS; TigerLikesRooster; Ken H; ...
To: Straight Vermonter
Uh,oh! Where will molly ivens steal her columns from now? Oh well, there's always the Nation (for now, anyway).
To: Straight Vermonter
I still think it's overvalued ....
To: ozzymandus
Have you heard that it is likely to go out of business. That would be a wonderful thing.
To: Straight Vermonter
So if I pay a penny for a share of Salon.com and you give a penny for Barbara Streisand's thoughts, which one of us is getting ripped off the most?
That's a tough one.
To: Burlem
Kinsley's technique is to demonstrate some contradiction or other in the conservative viewpoint based on straw man arguments, hence proving the total lack of intellectual substance or honesty in Conservativism. In the case of Iraq, I imagine it's similar to what the British writer Fisk has been saying, i.e., when Saddam killed his own people in the past, it was okay by us, but now suddenly it's not!!! You'll never see a mention of REAL contradictions, like the Democrats getting behind Clinton's aborted plan to take military action against Iraq in 1998, and now having all sorts of problems with Bush wanting to do that.
33
posted on
10/07/2002 2:06:59 PM PDT
by
lasereye
To: Hillarys Gate Cult
The stock will never, technically, go to zero. There will simply cease to be a public market for it.
Let's look at the fundamentals: the company's market value is ~ $710K. It has $9M in reported assets, including $388K in cash.
According to its latest cashflow statement, the company is burning $1.1M every three months.
What the market is saying is: we have no confidence that the reported assets can ever be converted into cash at book value.
One of two things happens now: the company will file Chapter 11 and look for a new investor to throw in good money after bad either through a recapitalization or an acquisition; or the company will file Chapter 7 and liquidate its remaining assets.
In either case, Salon will soon cease to have an independent existence.
To: SamAdams76
So if I pay a penny for a share of Salon.com and you give a penny for Barbara Streisand's thoughts, which one of us is getting ripped off the most? That's a no-brainer...you're better off investing in Salon.
To: Straight Vermonter
What's a "salon.com" ???
36
posted on
10/08/2002 11:13:29 AM PDT
by
Mr. K
To: Straight Vermonter
.
SALON Jun 99
10.44
10.81
9.00
9.50
577,137
9.50
.
37
posted on
10/08/2002 12:28:18 PM PDT
by
vannrox
How much would it take to buy control of the company and turn it into something useful? I mean, if the stock's a penny a share...
To: Chemist_Geek
How much would it take to buy control of the company and turn it into something useful? I mean, if the stock's a penny a share... don't want to do that
They probably have a huge debt load.
When they fold up shop and put the website name on auction, FReepers can buy the Web name, and put a direct divert to Freerepublic.com
To: Drango
PING-the sound 1 cent makes when it hits the ground
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