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Media - Thursday, September 29, 2005

WebMD IPO Shows Strong Vital Signs

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Does Wall Street makes sense to you? We have been complaining about the Street's poor reception to IPOs, and then WebMD goes and gets a whole lotta love. WebMD priced at the high end of the $15.50 to $17.50 range; it then raced to a high of $30 today, before closing at $24.40.

This despite the fact that in the first six months of 2005, the company reported a loss of $2.51M, compared with a loss of $2.22 million in the same period a year ago. In its prospectus, the company could give no assurances of when — or if — it will be profitable again.

Read - WebMD Stock Rises Rapidly After IPO (Yahoo Finance)

Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey's Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.

Posted by: angelang at June 27, 2006 05:07 AM

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