Reply to "NBA/NFL lockouts"

quote:
Originally posted by VinToronto:
quote:
Originally posted by jburman82:
Ticket First Growth prices have nothing to do with player salaries wine quality. They are set based on what people buyers in Asia will pay. They are never going to go down in a meaningful way.

Well played sir. However, I respectfully disagree. If my experience working as an M&A attorney in Hong Kong dealing primarily with Chinese companies are any indication, I would never be willing to invest in a business there. Everything is perpetuated on fraud, financials can never be trusted, and the business model is shrouded in a veil of secrecy that makes the Worldcoms and Enrons look downright saintly. This is already coming to pass with Chinese companies listed on the NYSE, and it is just a matter of time before it comes to fruition in Singapore, Hong Kong, etc. When it does, I feel the days of $1200 first growth futures will also be reexamined.
×
×
×
×