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Happy Hour: Facebook ($FB) IPO Reminders & Drinking Game

May 18, 2012 by Jon

I’m officially done with the Facebook IPO.  With CNBC becoming the “All Facebook, All Day” network today, I’ve had enough.  So in that vein, I’ll pass along the last few useless useful tidbits of information I have come across this week.

Facebook IPO Drinking Game

This is probably the coolest thing to come out this week.  Something that finally got back to the college roots of Facebook and I secretly believe is the product of the last Facebook Hackathon.  The Facebook IPO drinking game.  You might want to wait before the stock opens to get started.

Opening Bell on Facebook

If you do get into the Facebook action, I wish you luck in your financial endeavors.  If you got in on the IPO congratulations, you’re one of the few and should be set for a first day profit, if you sell.  For the not so lucky, the scheduled open is set for 11 a.m. eastern time.  I would plan on Facebook opening at that time, but don’t be surprised if it’s fashionably late.

Limit Orders, Please

If you plan on buying or selling Facebook in the open market today, here’s a few things you should know: Continue Reading…

52 Reasons To Not Buy Facebook On IPO Day

May 17, 2012 by Jon

Facebook IPOThe Facebook IPO has attained a celebrity status and warrants caution for all those would be buyers in the open market on IPO day.  I hesitate to mention the roaring ’90s internet boom and bust, but when news comes out of people betting their kid’s college savings on Facebook, it’s a reminder of that irrational exuberance all over again.

The IPO alone will give Facebook a valuation of $106 billion at the current IPO price.  The only reason I’d try to get in on the IPO is to flip the shares.  I’ll gladly take the quick profit, knowing there is too many people willing to pay too much for a company that doesn’t deserve the valuation.

The biggest concern with Facebook going forward is how will it turn all those friends and likes into big dollar signs.  So far it hasn’t found a way to do it.  If you think Zuckerberg, and the Facebook crew will succeed in doing so, go ahead and buy.  I’ll even wish you luck.  But I’m skeptical and have a few reasons to be concerned about buying on IPO day:

1.  There is too much of a novelty factor surrounding the IPO, just so people can say they own Facebook. Continue Reading…

The Complete Shareholder Proxy Vote Guide

May 15, 2012 by Jon

Shareholder Proxy VoteCompanies are bringing more social, environmental, economic and corporate issues to a shareholder proxy vote.  Some of the proposals are no more than a litmus test to public sentiment, but it’s a start to broader corporate reform and a good thing for shareholders.

Of course, for this trend to continue, shareholders need to take part, which seems to be the biggest obstacle.  Whether you have 100 shares or 100,000, it doesn’t matter.  It’s your money invested in these companies and a wasted opportunity by not voting.

As a shareholder, understanding your rights, the proxy voting process and knowing the SEC proxy rules is the best way to stay involved.  How you vote could have a direct impact on the company and your money going forward.

What is a Proxy Vote?

Every year there is an annual meeting and in between, any number of special meetings can pop up that need a shareholder’s vote.  These votes can be done in person.  But jumping on a plane every time a shareholder vote is needed can be excessive. Continue Reading…

Happy Hour: Zuckerberg, Butt Dialing, & JPM

May 11, 2012 by Jon

Welcome to the value edition of Happy Hour!  Sit back, relax and enjoy some of the more interesting things I’ve come across this week.

Zuckerberg

The Facebook IPO is about a week away.  It will be interesting to see how it all turns out.  I’ll be sitting on the sidelines, watching to see how much people will overpay for the stock.  If you’re planning to buy Facebook, take the time to read The Maturation of the Billionaire Boy-Man about Mark Zuckerberg.  Remember, he’ll have a 57% controlling interest in the company, stockholders are just along for the ride.

Butt Dialing 911

The biggest misuse of the 911 emergency number is from your butt.  At least it is in New York, where the city dealt with 3.9 million butt dials in 2010.  A study showed that butt calls, not to be confused with booty calls, amounted to 38% of all 911 calls.  That’s an average of about 10,700 per day.  The good news, 911 booty calls were down to 7%. Continue Reading…

Value Investing Lessons From Warren Buffett

May 8, 2012 by Jon

The biggest value investing name today is Warren Buffett.  He didn’t get his Oracle of Omaha moniker from being average.  So, when I have the opportunity to learn even a little bit from someone who’s been successfully investing for over 60 years, I take it.

The value investors journey to Mecca, the Berkshire Hathaway annual meeting, was this past weekend.  Anytime the event rolls around, the value investing blogs usually unleash a few hidden gems.

One of those gems was an interview Warren Buffett did back in March for the MBA program at the University of Western Ontario, through the Ben Graham Centre for Value Investing.  For an MBA student, it’s a rare opportunity to pick Buffett’s brain.  Thankfully, they took notes to share with the rest of us. Continue Reading…

Happy Hour: Booze Will Save The Post Office & $50K To Happiness

May 4, 2012 by Jon

Welcome to Happy Hour, where I offer up some of the more interesting and informative things I’ve come across this week.  Sit back, relax and enjoy the weekend!

Shipping Beer And Wine Via USPS

New legislation was recently passed in the Senate to help the financially strapped Post Office.  The legislation includes several things like a 5 day delivery week, restructuring health benefit payments,  provide retirement incentives to many employees, and most important, allow shipping of wine and beer by the postal service.  Imagine, a 103 year old law has prevented the Post Office’s profitability and we’re only finding out about this now.  If it we’re only true.

$50,000 To Happiness

Who says happiness can’t be measured in dollars. Continue Reading…

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