MoonshineDelight

Why Is TheStreet.com Trading for Less than Cash?

There are many reasons why TSCM is at two bucks.. However there's only one that truly matters... the website itself. Bottom line - The Street.com is a BAD web experience. The site ls painfully slow, shamelessly crammed with bloated advertising, and has a very soulless look and feel.

The Free Lunch Approach to Finance

Damian, here is what I did. I bought a home that I really couldn't afford back in 2005 with some crazy option arm my broker told me sign. After the first "seasoning period" I cashed out at 110% like everyone else was doing.. After the bubble burst and mortgage reset my payments went from $700 to $3500.. How do you expect me to pay that.. no way. So basically I went out and purchased a similar home down the street for 200K less than the first one I owned. Told the bank I planned to rent the first one. They did absolutely no due-diligance, and assumed I could make it cash flow positive. I closed on the second home in August... we moved... and guess what? Mailed the keys back to the bank for the first home I was 300K underwater in.. Its the new strategy of "buy and dump". Now I live in basically the same neighborhood, with the same house and have a mortgage payment of less than $1,100. I'll have my credit back in 5 years, and start the process over again. Thats the new America... Can't beat me.. might as well join me!