"The stock was priced at $14, opened at $20, and traded above $24, giving Box a market value of nearly $3 billion.Box Shares Are Soaring, And My Head Feels Like It Is Going To Explode
Bear in mind: From 2011 forward, Box has lost $466.1 — nearly half a billion dollars! — while generating $361.1 million in revenue.
But maybe profitability is just around the corner? Er, no.
In fact the Box prospectus says, right there in big boldface print: "We have a history of cumulative losses, and we do not expect to be profitable for the foreseeable future."
Translation: This is a big huge black pit filled with hellfire; won't you please throw many of your moneys into it?"
Monday, January 26, 2015
Box Shares Are Soaring, And My Head Feels Like It Is Going To Explode (ValleyWag)
Dan Lyons on the Box IPO; check the full post for a "video of frenzied mom-and-pop investors racing to buy shares"
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