|
Friday, September 11, 2009
 No company is too small or too close to the end when it comes to investors taking one last kick at the can, trying to talk other suckers into betting on a rebound.
A couple of years ago, we commented here on LookSmart (LOOK)'s not-dead-yet act. A few would-be investment gurus chimed in with comments, asking us to "look again" at the company's bright future.
As expected, a dead company became even more dead in the ensuing years. The ugly results are plain to see. Since our little chat, investors would have lost 65% on the investment, had they bought that day. One of the company's bright spots, a minor partnership with IAC, is ending soon, as announced in May. Even optimists will have trouble disputing that this company is winding down.
Labels: look, look out below, looksmart
Posted by
Andrew Goodman
View Posts by Category |
