Disciplined Contrarian
Long/short equity, options

Care.com: Didn't We See This Movie Already In 1999-2000?

Care.Com (NYSE:CRCM) is, in my humble opinion, arguably one of the leading horses in the DotCom Derby 2.0 as we near the halfway point in the year. Perhaps as importantly, it should be a candidate for one of the most tragically flawed IPOs of the Class of 2014.

It is eerily reminiscent of such vaunted 1999-2000 IPOs as eToys, which descended from a similarly hyped high flyer to defunct in roughly 24 months and only last September wrapped up litigation related to its financial belly flop. Another name that quickly springs to mind is Pets.com, the online purveyor of 50-pound bags of dog food and an infamous sock puppet "spokesdog" that went toes-up within months of

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