April 21, 2006
Internet Brands - maybe it is a bubble?
The company is Cars Direct . It is embarrasing. No excuse, just lamo!
The trend I was taking advantage of was really quite in vogue - invest in companies with "negative" gross margins! Oh baby - all in, come over the top, double down. I take no solace that nearly $1 billion in other money was vaporized with me in this deal.
I joke with my few remaining friends that I should have my graduate degrees in Finance taken away and I may get kicked out of my synagogue.
I had recently gotten wind that the whole stupid story had been respun under Internet Brands and there was even a possibility of an IPO. As my 8 year-old daughter tells me 12 times/day - "yeah right!"
Than today I came across this article . I am saving it just in case the synagogue calls.
I am a genius. I am back!