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Zipcar, Inc. (ZIP) Message Board

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  • fnknader2007 fnknader2007 Jan 14, 2013 12:06 PM Flag

    Told you all

    "the hottest IPOs might enjoy an initial rally, but share prices ultimately head significantly lower to reflect the true market value. On average, overhyped IPOs are down by double digits within six months." - Wall Street Daily... This was over a year ago and certainly still applies. But the other day..." Zipcar was a terrible IPO. Shares steadily fell to the $8 to $12 range, where they remained until the buyout announcement on January 2." -Tech and Innovation

    Just saying folks.

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    • Touched a nerve i see. So you are from the industry. Did your share car whatever startup flame out? I bet it did.

      Losing some spots while net growing cars and subs in DC....hmmmmm.

      I don't buy IPOs. It was a joke over $20. Basis was nicely under $10. Short me all you want car guy.

    • Double digits 10% ZIP 75% top to bottom.

      How often do IPOs sell out in less than two years if successful?

      Poor Tulip bought the IPO and lost big time. Argued that the cool factor, first mover and social network prowess of ZIP would carry the day. Zipsters loved how friendly the company was, hey they even gave their cars cute names. ZIP was never going to succeed.

      It was obvious that they didn't have enough do-re-me to stay in business and with C2G, Avis, WeCar and Hertz cutting into their few profitable segments - taking them out at the knees they had to sell out fast before they had no value. Car2Go took the parking spots in D.C. away from ZIP but Tulip doesn't think they were competitors. Sell Tulip's picks short.

      Curious that Case could be buying in August only a very few month before the buyout was finalized. Had he not been buying I probably would have kept a call position open.

    • The Case buying really concerns me as well. Seems like a conflict of interest. There may not have been an offer at that time, but he may have said "let's sell" at that time.

 

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