Any trader knows that if the market continues as a crummy market that IPO’s are generally about as fun to trade as fun is to insurance seminars. So if we keep sliding or if things get really bad then you can probably expect a delay or at least a weaker pricing than we would have expected two weeks ago.
Xinhua Finance Media (XFML-NASDAQ) is set for its awaited true IPO next week. Some are mistakenly referring to Xinhua as the CNBC of China, but they aren’t off by too wide of a margin. This Chinese business media operator is run by Fredy Bush and it is now very well entrenched. This story isn’t a trade, it has the shot of being a major keeper. Stock market trends come and go, and if this negative trend hurts the pricing of this one then you can count it a blessing. Here are our notes from the last available data. We are trying to get an interview with the company but they probably don’t want to say much until they come out.
Jon C. Ogg
March 2, 2007
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