Is Martha Stewart the worst investor of all time?

Discussion in 'After Hours Lounge (Off Topic)' started by Don Black, Sep 7, 2002.

  1. Don Black

    Don Black Screenwriter

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    I mean seriously... She sells close to 4,000 shares of ImClone in order to make a $228,000 profit and the ensuing PR hit has cost her hundreds of millions of dollars in lost net worth due to her company's stock plunge.
    My favorite quote from it all:
    "Take away the name and its just a towel," said Mike Paul, a PR executive who also teaches courses on reputation management."
     
  2. Colin Dunn

    Colin Dunn Supporting Actor

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    She didn't think she'd be caught, so she didn't perceive a "risk" to her reputation by dumping the ImClone shares...
     
  3. Malcolm R

    Malcolm R Executive Producer

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    Wasn't she actually a stockbroker before the whole "Martha Stewart Living" phenomenon? I'm with Colin, she just didn't think she'd get caught.
     
  4. Jerry St.Marie

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    I think the problem should be with the person that gave her the inside info. If someone in the know told me that a stock I had was going to drop I think I would find it a little difficult to just sit there and watch it happen. She herself was not an insider and she just acted on info that she should never have been given.
     
  5. Mark Romero

    Mark Romero Second Unit

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    I'd still like to have her money.
     
  6. Patrick_S

    Patrick_S Producer

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    She might be the worst investor of all time but she probably still has more money then anyone one here at HTF. In fact she may have more money then all of us combined.
     
  7. Scott L

    Scott L Producer

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    Yea but she's a devil. I'd rather be poor than a devil wouldn't you?
     
  8. Patrick_S

    Patrick_S Producer

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  9. Don Black

    Don Black Screenwriter

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    It's funny because it's true...
     
  10. Ron-P

    Ron-P Producer

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    Her latest magazine...
    [​IMG]
    Peace Out~[​IMG]
     
  11. Jay Heyl

    Jay Heyl Stunt Coordinator

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  12. Carl Johnson

    Carl Johnson Cinematographer

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    I think the government will have a hard time proving that Martha Stewart broke the law. I see three possibilities here: either her stockbroker got an inside tip that the stock was about to tank, she got the inside tip or they lucked out and chose to sell at the right time. The only way they could convict her is if Martha's friend the Imclone exec admitted to giving her inside information but considering the lengthy prison sentence he just got it doesn't sound like that happened.
     
  13. Brian Perry

    Brian Perry Cinematographer

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  14. Christ Reynolds

    Christ Reynolds Producer

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    i doubt that she would be that stupid. trying to save a few bucks, that money was pocket change to her. plus, i heard it was 40,000 and not 228,000. not sure which is correct. i am GUESSING that 40k is what she saved by selling, and 228k is the total amount of stock she had, if both of those numbers are correct in some aspect. anyway, if there was anyone who wanted to blame martha stewart for anything, i'd be first in line. but i dont believe this story...

    CJ
     
  15. Carl Johnson

    Carl Johnson Cinematographer

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    This is the conversation I'm picturing..........

    broker calls Martha
    "Rumor has it that Imclone is on it's way down, do you want to sell?"
    Martha
    "Sure."

    I mean how could it be proven she broke the law without a co conspirator snitching on her? It looks like she just might have broken the law but it takes a hell of a lot more than that to get a conviction.
     
  16. Michael Reuben

    Michael Reuben Studio Mogul

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  17. Ted Lee

    Ted Lee Lead Actor

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    bah. she'll roll with it, probably pay a fine, then move on with her life.

    months after it's all over it will be forgotten. heck, who talks about what's her name shoplifting anymore? see..i can't even remember her name.

    people who buy her stuff aren't going to think, "gee, since she's being indicted, i probably shouldn't buy this towel."
     
  18. Steve Kuester

    Steve Kuester Second Unit

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    She's polishing the brass on the Titantic. It's all going down.


    Sorry, couldn't resist.
     
  19. Michael Reuben

    Michael Reuben Studio Mogul

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  20. Glenn Overholt

    Glenn Overholt Producer

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    Ok, you lost me, Michael. This is for multiple counts of what? And doesn't all of this go back to her having/not having an order to sell if a stock dropped a certain amount?

    What would really suck is that if she is truly innocent, then she has lost millions. Innocent until proven guilty? Who can she sue?

    Glenn
     

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