The Market is having a nice day today, the sun is out and the Bulls are out in full-effect. So with stocks moving up, who’s moving down? YouBet.com (UBET) hits a new 52-week low today, their shares are trading around $2.85. When your company hits a new low on a day like this, after a horrible decline in the market, you just have to ask one question? What can possibly be good about being the biggest loser of the day? The answer. Absolutely nothing. 
YouBet engages in the provision of technology-based wagering products and services for the horse racing industry. Can’t stay away from the tracks, like throwing your money away on horse races? YouBet is your solution. YouBet reported yesterday that it expects Q4 losses to be bigger than expected and lowered its 2007 guidance. The downgrades have become to come in and this horse is being put to sleep. However once a gambler, always a gambler (right Charles Barkley?) and if somehow betting on horses becomes the newest fad, they’ll cash in. But horses also make good glue, and some of that glue should be used to put YouBet back together. But is it too late? The Masters will admit, their website and ability to gamble on horse races is impressive. However does it make sense to be a public company? What can shareholders expect to gain from buying shares? Is there growth? Where’s the value? Maybe if we talk to Mr. Ed. That’s it, he’ll have the answers. A horse is a horse, of course, of course…
YouBet.com From The Stock Masters
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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