RedChip: Glory and Shame – Companies That Work, Stocks That Don’t
Working in the small-cap markets does not carry the glory and honor associated with Blue Chips, the major leagues of the capital markets. Small-caps are laden with the injured, the weak, and the dying remnants of companies that went public too early with the wrong management, the wrong financing, and the wrong business model. And just as the best and brightest “pros” at Smith Barney, Merrill Lynch, Bear Stearns, and other White Shoe top-tier firms have been fooled and trapped by the pronouncements, the projections, the greed and mismanagement of Ivy League CEO’s, we who live and breathe small-caps witness…