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Stock lessons: IPOs

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First let’s mark Oct 14 2009: Dow 10,000 2.0 (Yahoo Tech-ticker video below)

(did you notice the Yahoo ~~~ in the end, Yahoo became more goofy under Carol)

My topic today is IPO. I have not got much luck from IPO investing (to be more precise, speculating). My lessons are the following:

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Emdeon: reading its IPO prospectus

Reading Time: 8 minutes

(Update 16Sept09) Brean Murry is out with a selling rating with Emdeon (source: StreetInsider). Quote:

While investors may be focusing on the potential benefit from healthcare reform, we view the benefit as a potential one-time boost to the growth rate in claims that will revert back to the low-single digits after the anniversary of enrollment…We apply a 13x multiple to our 2010 cash EPS estimate, which we believe may prove overly generous, to arrive at a fair value of $13 per share.

(Original) First heard about Emdeon (NYSE:EM) from Cramer on Mad Money before its IPO. I watch Mad Money from time to time, mostly for entertainment (not for ideas or education). But this healthcare bill processor IPO sounds interesting especially at this time. And to make it more interesting, the stock did not get huge pop post IPO. Hm. So I went ahead and looked at its IPO Prospectus.

Emdeon logo pic

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