The Arian Foster IPO

[LongTimeListener]

He had a worse week than Tesla, and Tesla cars caught fire.

http://www.sportingnews.com/nfl/story/2013-11-12/injury-to-houston-texans-star-arian-foster-sidelines-unusual-ipo

 

[Bob Cook]

I hear Sonny Liston had some backers too ...

I could swear Frank Thomas sold Frank Thomas bonds in the early '90s, but when I search "Frank Thomas Bonds" on Teh Google, I get 100 pages of steroids.

Thomas sold bonds that were paid for with his future earnings. It was modeled after the first celebrity to market his future earnings straight to Wall Street -- David Bowie.

http://dailyreckoning.com/bowie-bonds-risk-bonds-and-fannie-mae/

As an investment, Arian Foster, or just about NFL player, would be a terrible risk because contracts aren't guaranteed. You might buy a piece of Peyton Manning or Tom Brady because their endorsement value probably won't wane significantly, or maybe even an Andrew Luck or Russell Wilson, who will eventually score a massive contract. But that's about it.

 

[Michael_ Gee]

This idea will never work. But the only way it could possibly work is if it was able to acquire its players as growth stocks, meaning getting them as early in their career cycles as possible, when a little money for them looks like a lot. Guys picked in the baseball draft, or the U-21 soccer teams of powerhouse nations.
YF, rich guys have been investing in pro golfers since Walter Hagen's day. Same for boxers.

 

[The Big Ragu]

Silly stuff in my opinion.

For what it is worth, Fantex postponed the offering. I read a confirmation of it this morning.

 

[The Big Ragu]

Oh yeah. ... and the CEO of Fantex is named Buck French. Do you really want to get involved with a venture whose head honcho is named Buck French?

 

[MisterCreosote]

Silly stuff in my opinion.

For what it is worth, Fantex postponed the offering. I read a confirmation of it this morning.

It's "confirmed" three posts above yours.

 

[The Big Ragu]

Silly stuff in my opinion.

For what it is worth, Fantex postponed the offering. I read a confirmation of it this morning.

It's "confirmed" three posts above yours.

Well, ain't I the douche. I just scanned the thread and read the post above mine before posting. I hadn't clicked on the link you are talking about. Sorry. BTW, by "confirmation," I just meant that the reporter got a statement from the company.

 

[LongTimeListener]

A 20-year-old Houston woman stands to gain quite a large share of Foster's future earnings after resisting his family's many attempts to talk her into having an abortion.

http://www.tmz.com/2014/01/13/arian-foster-abortion-baby-mother-lawsuit-brother/

Says Foster, angrily, to a reporter outside his house: "This shirt is tearing me up." http://www.tmz.com/2014/01/14/arian-foster-driveway-meltdown-lawsuit/

This would have been the greatest IPO ever.

 

[Armchair_QB]

A 20-year-old Houston woman stands to gain quite a large share of Foster's future earnings after resisting his family's many attempts to talk her into having an abortion.

http://www.tmz.com/2014/01/13/arian-foster-abortion-baby-mother-lawsuit-brother/

Says Foster, angrily, to a reporter outside his house: "This shirt is tearing me up." http://www.tmz.com/2014/01/14/arian-foster-driveway-meltdown-lawsuit/

This would have been the greatest IPO ever.

Looking at that story, I'm struck by one question.

Hooters waitress or stripper?

 

[LongTimeListener]

In Houston? Stripper for sure.

 

[H.L. Mencken]

I'm so glad I shorted Foster's stock prior to this season.