March 7, 2012 Investors flee Carbonite after Limbaugh announcement

[mandym]

On Saturday, Carbonite CEO David Friend released a statement on his company’s website declaring that Carbonite had decided to “withdraw” advertising from Rush Limbaugh’s radio show in the wake of his controversial remarks involving Georgetown Law student Sandra Fluke because it will “ultimately contribute to a more civilized public discourse”:

However, it hasn’t done much to contribute to his company’s stock price. Since the market opened on Monday through its close today, Carbonite stock (NASDAQ:CARB) has plummeted nearly 12 percent, outpacing the drop of the NASDAQ index in that same time period by nine-and-a-half points. It was also one of the biggest decliners on the NASDAQ on Tuesday.

Read more: http://dailycaller.com/2012/03/06/i...te-after-limbaugh-announcement/#ixzz1oPyYMQP3


Which is hypocritical and dishonest since they still advertise on progrmas like The Ed Schultz Radio Show who said:

“President Obama is going to be visiting Joplin, Mo., on Sunday but you know what they're talking about, like this right-wing slut, what's her name?, Laura Ingraham? Yeah, she's a talk slut.”

He is an enemy of the country, in my opinion. Dick Cheney is an enemy of the country.... Lord, take him to the Promised Land, will you? See, I don’t even wish the guy goes to Hell, I just want to get him the hell out of here.”

 

[Robert Snow]

I might purchase Carbonite now, since they have broken ties with Limbaugh. Any company that makes such a good move deserves to be rewarded.

 

[targus]

I might purchase Carbonite now, since they have broken ties with Limbaugh. Any company that makes such a good move deserves to be rewarded.

Your purchase decisions are made based on "rewarding" a company?

Not based on product need, quality, service, price, etc?

"A fool and his money..."

 

[Robert Snow]

Your purchase decisions are made based on "rewarding" a company?

Not based on product need, quality, service, price, etc?

"A fool and his money..."

I have had some computers crash in the past and it has never been an enjoyable experience. Therefore, a service like Carbonite seems like a good product, although I have not decided yet if I will use this company or one of their competitors. The fact that they have abandoned Rush is just the icing on the cake. Also, if I decide that Carbonite is a product I want, I will purchase it regardless of their involvement with Rush.

You talked about a fool, see how foolish you can look when you make assumptions without enough information. :laugh:

 

[Salty]

I might purchase Carbonite now, since they have broken ties with Limbaugh. Any company that makes such a good move deserves to be rewarded.

... The fact that they have abandoned Rush is just the icing on the cake. Also, if I decide that Carbonite is a product I want, I will purchase it regardless of their involvement with Rush.

So you were against Carbonite before you were for it?

I have found this video of Robert Snow aka......

 

[Crabtownboy]

I do not believe it had much to do with pulling their ads from Rush. If you check their stock has been falling since last fall. More likely it hit a sell point for many and they sold. There is a lot of technical trading these days and when certain points are hit automatic buy or sell orders are placed by computers.

Also your writer did not mention that stocks in general suffered their worst losses in 2012 ... not because of Rush but because of bad news from overseas. Also on Wednesday Caronite rose 4%.

In September Carbonite [CARB] was close to $20 a share. It has gradually dropped to about 8.5. Nothing to do with Rush during the preceding months. Little o nothing to do. The author of the piece you quoted either has an axe to grind, or just needed to write something that day. Don't put much faith in reports of why a stock moved as it did any one day.

Thanks for the heads up on Carbonite. I do not see it as a buy just now. But I will start following it and buy on a buy signal. It is quite cheap now. The risk reward ratio will be quite favorable.

As an aside, over 3 dozen companies have now pulled their ads from Rush. Their stock has not tanked.

 

[mandym]

I do not believe it had much to do with pulling their ads from Rush.

Of course not.