Why more than ever, IPO means "It's Probably Overpriced."
It remains beyond me why the public dives into IPOs in the throes of a bull market. Below are some of the widely-hyped public offerings over the past year or so, shown in percentage form. The results speak for themselves. And keep in mind, this was in the context of a raging bull market. Imagine what these will look like six months from now.
The conclusion from all this? Simply that IPO, as the old saw goes, really does mean It’s Probably Overpriced.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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