Romney magic
analogy to Bain Capital – quick in, quick out, and often the business declines thereafter.
Oh yes, there surely is. The brouhaha certainly helped out the makers of Etch A Sketch, and some shareholders cunning enough to make quick and decisive trades. Its parent company, Ohio Art Co. (OART), trading over-the-counter, had been toddling along for a rather long time at $4.00/share, then two days ago Eric Fehrnstrom opened his yap, and swoosh the first trade of the day was for 500 shares at $12.50/share. Given that the stock ended trading a $4.00/share the day before, $12.50/share is called a gap, as wide as Alfred E. Neuman’s front teeth. Today, Ohio Art closed at $6.90, still well above its years long $4.00 average. And, of course, sales of Etch A Sketch are up. Who knows how long it will last? See, Romney is good for the economy.
