Anyone read this???
SPNG.OB Spongetech, FNM Fannie Mae, FRE Freddie Mac:
From Pixie:
Woo hoo, go SPNG! Suddenly I realize SPNG is everywhere. I caught their ads on WETA Kids, Nickelodeon and CNBC recently. Ever since she saw the ad, my daughter's been pestering me to buy this cool Spongebob sponge. Should I be the frugal mom or help the stock by shelling out 14 bucks? LOL.
What's your take on FNM and FRE, both of which rebounded some, though nothing on the lines of AIG...
Thanks much!
Pixie
VFC's Take: Regarding SPNG, the company is going all out on the marketing front. Quite simply - the marketing will translate into nice sales numbers and handsomely reward shareholders or it will fruitlessly eat into existing cash and burn the company into the ground if the full fledged marketing attack does not translate into revenue.
Keep in mind that if the current marketing blitz does NOT translate into big sales, then a reverse split may be in order. If that occurs, I'd add shares on any dip post-split.
For the time being, I can support an argument for continued buying at twenty cents.
