The World is a short!

Quote from peilthetraveler:

A company bleeding $10 million per month, CEO said he was broke and now they just raised $220 million dollars with the IPO. So that gives them about 22 months worth of breathing room. Less if the CEO gets tired of living the poor life and starts giving himself bonuses (not to mention back pay) They also said this company wouldnt turn a profit until 2012 which means if the money doesnt last until 2012, they will have to dilute the shares.

Only thing this company has going for it is a cool looking car which they only make about $5,000 profit for every one they sell.

Trying to sell a $109k car during the greatest recession the world has ever known cant be easy. Not to mention they owe the DoE almost 500 million dollars. The IPO money wouldnt even pay for half of that.
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I just read this post. Agree completely! TSLA is a STRONG short!
 
thank you for your insightful comments.

You broke it down nicely. First thing I did I checked out what they were selling and when I looked at the price tag of that car , I thought nono .

I'd rather sell $18 000 dollar car 20 times, than 2 cars worth $110 000.

Short is "gold" but too bad I went long after the oil spill :(
 
Quote from NoDoji:

I'm long PWRD. I sure hope the Perfect World isn't also a short :eek:

:p
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Looks like the world is indeed a short, but the Perfect World appears to reside in an alternate universe so far :cool:
 
Quote from FCCT:

Wow! nice paper trades on TSLA guys. Don't spend all that play money at once.
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I dont know about everyone else, but I'm going to buy a hotel on Boardwalk & Park Place with my money! If I have any left over, I may just buy Marvin Gardens. :D
 
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