Related: Boston Blight
Would you?
"Feeling the chill; Skidding market may hurt Mass. companies hoping to go public" By D.C. Denison, Globe Staff | February 9, 2010
Four Massachusetts companies are planning to go public, but as the stock market moves into a retreat, their timing may be off.
At the beginning of the year, when the market was higher, it appeared that investors were warming up to initial public offerings, in which companies offer to sell stock for the first time to the public. But yesterday the Dow Jones industrial average closed below 10,000, falling to its lowest levels of the year and casting more doubt over the IPO market.
Oh, it's way back up now -- not that the 30 hand-selected conglomerates are a true measure of the economy, mind you.
Creme of the crop, and it makes it all look good. That's why the number is flashed on TV all day.
Don't worry, AmeriKa!
Your eating more and more dog shit from the government and MSM every day, but the economy is great because the Dow is rising.
In other words, when Goldman Sachs rips you off it i a net gain for the economy, 'kay?
Some analysts now question early indications that the appetite for stock in new public companies was picking up, after a tumultuous two years in which the number of IPOs tumbled.
I'm SOOOOOO SICK of BIZNESS BULL-SHITTERS!
The four Massachusetts companies planning IPOs represent a cross section of industries: BG Medicine Inc. and Aveo Pharmaceuticals Inc. are life sciences firms; GlassHouse Technologies Inc. is an information technology company; Pyramid Hotels & Resorts Inc. is a hotel real estate investment trust. None of the companies have gone so far as to announce an IPO date or a price range for their initial shares, both important steps on the road to selling stock to the public....
All built with tax bucks, pensions, and college endowments that will never be returned.
Whatever these companies decide, observers are divided over what kind of market they will encounter when they finally test the IPO waters....
Michael Greeley, chairman of the New England Venture Capital Association and a general partner with the Boston venture capital firm Flybridge Capital Partners:
“Bad news is just rolling through the markets, And it’s not just the stock market; it’s things like unemployment numbers. We need a couple of weeks of quiet before the IPO market will improve.’’
Government will get a couple of reports out for you.
We'll worry about the downward (or upward if needed) revisions later.
Scott Sweet, senior managing partner at IPO Boutique, an advisory service based in Tampa, Fla., questioned the quality of the companies that have been testing the waters.
“Many of the companies are debt-laden,’’ he said. “I also blame the underwriters for trying to take companies public which aren’t ready.”
Yeah, they PISSED AWAY all that VENCAP and WENT INTO DEBT to BANKS!!!
What a ROB JOB RACKET!!!
With a steady rise in the stock market during the second half of 2009 and into the beginning of 2010, there was hope that interest in IPOs would return, because many investors see an initial offering as a way to buy ground-floor shares in companies that will rise with a bull market. So far this year, there have been eight IPO deals in the United States, totaling $1 billion....
I'm sorry; what meager savings I still have is tied up in the necessities of staying alive (with one $1.50 -- $4 today -- 'luxury').
And without anybody betting, I mean bidding, on the agenda-pushing companies, empty offices, right?
"The problem of empty office space; Slump could hamper broader recovery" by Casey Ross, Globe Staff | April 3, 2010
Even as other parts of the economy show signs of life, the commercial real estate market in Boston will remain depressed, with a vicious cycle of falling rents and foreclosures preventing construction of new buildings that would create jobs.
You know, what am I supposed to type after months and months of agenda-pushing, cheer-leading lies and double-talk from the "newspaper?"
It has really reached the point of being very distasteful and an in-your face insult with every flip of the page (just to find a paragraph nugget of inverted, inside-out, upside-down truth buried three-quarters of the way into every piece).
The ongoing slump threatens to keep a broader recovery in check, as the industry is a significant contributor to the overall economy.
One day we are roaring ahead with rose-colored glasses, the next day glum.
I feel like an abused yo-yo, don't you?
New buildings bring additional property taxes to beleaguered municipalities, income to vendors that provide construction materials or office supplies, and wages that construction workers in turn cycle through the economy....
Related: The Massachusetts Model: Municipal Health Mess
Yeah, they did it to themselves because they are doing it to you, readers.
This is so sad. Not only the MSM deceptions, but the implied and underlying agenda-pushing tone.
Gus Faucher, director of macroeconomics with Moody’s Economy.com. “.... it’s certainly going to be a big drain on growth.’’
The markers point downward....
Which is where this blogger hangs his head on nearly every article he reads in the Glob.
Landlords are also struggling to collect enough rent to make their mortgage or debt payments.
Yeah, the poor landlords now.
Are we living in the Middle Ages again?
Long-term vacancies and falling rents lead to loan defaults and foreclosures. The foreclosure rate on commercial properties in the region has increased sharply during the past year, according to Reis Inc., a real estate research firm.
But this economy is recovering, blah, blah, blah, blah, blah!!!!
And many in the industry expect the number of foreclosures to increase later this year, as loans come due on buildings that were purchased in the rising real estate market in 2005 and 2006.
“You’ll see a lot of distressed properties coming on the market in mid to late 2010,’’ said Robert Griffin, president of the New England region for Cushman & Wakefield....
Which will DROP REAL ESTATE PRICES. I'll let the Glob say my next word for me:
But....
Sigh.
On the leasing front, however, the amount of empty space is growing....
Mike Edward, senior vice president for Lincoln Property Co. “The real question everybody has is, how long will it take to come back? But I don’t think anyone really knows.’’
So all the stuff I read day after day in my business pages is just a bunch of agenda-pushing BS, isn't it?
Much of the vacancies in the downtown market are due to job cuts at big financial services firms.
You know, the ONES NOW MAKING BILLIONS in QUARTERLY PROFITS!
Other parts of the Boston-area market have fared better because they have concentrations of health care and biotechnology companies, which have avoided significant job losses....
That is what happens when you LOOT TAXPAYERS!
But hey, I'm glad they are doing fine, aren't you?
“Nationally, Boston still looks pretty good,’’ said David Fitzgerald, of CB Richard Ellis, noting that the vacancy rate in Seattle is up to 20 percent. “But the market here is still heading down, and there is too much negative momentum to change that in the near term.’’
Shouldn't we get the women and children into the lifeboats, sir?
No, the boats are saved for banks and corporations.
