INADVERTENT ANDY DAY
The dog had nothing to do with it; something happened at Verio, which hosts this site, and it broke. Sorry.
A SLIM – SLIM! – CHANCE THIS STOCK MAY NOT GO TO ZERO
Long-term readers will be more than a little familiar with a wildly speculative company – Borealis – whose stock is almost surely going to zero (how could it not?), but of which I own a ton. After years of sitting around $3.50, giving the entire company a market cap of a used ten-seat corporate jet – yet hanging in there better than most blue chips you might have bought in 1999 or 2000 – it has recently come to sit at more like $8 a share, giving it a total market value of roughly the cost of a new 10-seat corporate jet. In years past, it announced a deal with an elevator company which went nowhere, and an evaluation by Boeing, which seemed to have positive results but went nowhere. Maybe the recent Rolls Royce announcement will go nowhere, too. And yet the company perseveres. Yesterday, a deal was announced with Semikron, which apparently knows something about electric motors, certainly a great deal more than I do.
I won’t rehash the whole saga . . . only the warning that you should not gamble even a dime in this speculation that you cannot genuinely afford to lose, because you probably will. Anything that purports to be as astonishingly good as Borealis almost always turns out too good to be true. But I continue to think that, as wild speculations go, this one is more than a little fun. If Borealis has invented and patented the hugely significant new technologies it claims, could they not be worth as much as, say, the Krispy Kreme Donut? That company is valued at sixty brand new corporate jets.
‘The best proof of intelligent life in space is that it hasn’t come here.’
– Sir Arthur C. Clarke
(author of, among others, 2001: A Space Odyssey).
Tomorrow: No, That 403(b) Thing Doesn’t Apply to 401(k)’s — Sorry
Quote of the Day
Being good in business is the most fascinating kind of art.~Andy Warhol
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