Here are some stats. More than 60 percent of IPOs had negative absolute returns after five years in the secondary market, according to a UBS analysis using data from University of Florida professor Jay Ritter.
IPO stands for "It's Probably Overpriced".
Guess how many times Warren Buffer has bought into a IPO ? Answer = 0.
MYD is still on my watch list.
MYD Price at posting:
61.5¢ Sentiment: None Disclosure: Not Held
