Monday, February 9, 2009

Gutsy

According to a Bloomberg story, there are five companies taking a shot at an IPO this week. Five new public companies among thousands might not sound like a big deal but keep in mind that the IPO market has been dead since Thanksgiving.

IPOs create supply of stock, which at the margin is a negative, but also breed confidence and give investors something new and glossy to get excited about. The market could use a fresh look at some new. good ideas.

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