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View Poll Results: Which is more damaging to investors?
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The Conviction
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1 |
8.33% |
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The Fallout After ( company stock crashing )
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11 |
91.67% |
Thread: Which is more damaging to investors? |
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March 9th, 2004, 04:31 AM
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ABW Ambassador
Join Date: January 17th, 2005
Location: Maryland
Posts: 536
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In the Martha Stewart Trial, which action will cost the investors ( general public ) more money? Granted it was her fault in doing something stupid.
Luke
Bop Til You Drop
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March 9th, 2004, 10:23 AM
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Resident Genius and Staunch Capitalist
Join Date: January 18th, 2005
Location: Florida
Posts: 12,826
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I think the stock will recover when Kmart customers keep needing new sheets, blankets, tablecloths etc., provided Kmart keeps using her product line.
So I'd say the conviction, for the short-term tankage.
Also I expect her to do something to make any stay in "Club Fed" lucrative, like write a book or authorize a movie. Also she may be able to stage an effective comeback.
~Cheapskate merchants need not apply
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March 9th, 2004, 10:51 AM
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Domain Addict / Formerly known as elbowcreek
Join Date: January 18th, 2005
Posts: 5,426
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That stock price is starting to look downright attractive, to my eyes.
- - - - - - - - -
I will FOCUS on my goal, and I shall NOT be denied.
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March 9th, 2004, 03:10 PM
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Full Member
Join Date: January 17th, 2005
Posts: 133
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I don't think Martha is going to see the inside of a prison. She'll be under house arrest like Uncle Junior for a year. Enough damage has already been done to people that have nothing to do with this whole "scandal". This type of insider trading goes on on a daily basis. The people in the know always know stuff before the average guy. That's life. It's one of the perks of being rich and connected.
I'm just amazed she could have been so stupid as to even talk to the feds. When they come a calling don't open your mouth. $650 an hour for a lawyer didn't get her much.
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March 9th, 2004, 03:22 PM
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ABW Ambassador
Join Date: January 17th, 2005
Location: United Kingdom
Posts: 1,797
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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>$650 an hour for a lawyer didn't get her much. <HR></BLOCKQUOTE>
Is that really how much her lawyer cost ? That's not that expensive. My partner fought an 8 year court case and her lawyer cost that ! The difference being that Sally (my partner) won and the other side paid the costs.
Search Engine Marketing and Positioning - 1 Design 4 Life
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March 9th, 2004, 03:31 PM
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Full Member
Join Date: January 17th, 2005
Posts: 133
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I think her trial lawyer probably got an upfront fee just to take the case also.
I think most large firm partner status lawyers probably get around $400 - 600 an hour. What they end up billing is another question. They can sometimes bill for more hours than exist in a day. 
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