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Zipcar, Inc. (ZIP) Message Board

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  • mr_bkush mr_bkush Jan 15, 2013 10:46 AM Flag

    Told you all

    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.

 

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