Herb Greenberg is the editor of Herb Greenberg's Reality Check, a subscription newsletter designed to help investors better manage risk. He writes a daily blog for TheStreet's main free website and contributes to its Real Money's "Columnist Conversation" column as well as being a regular contributor for CNBC.
Greenberg has been a financial journalist for more than 30 years, working most recently as a senior stocks commentator on CNBC's Business Day programming and on CNBC.com. He was also co-president of Greenberg Meritz Research & Analytics. He is a former weekend investor columnist for The Wall Street Journal and a former senior columnist for MartketWatch.
Prior to joining MarketWatch, Greenberg was senior columnist for TheStreet.com. He previously spent 10 years as the "Business Insider" columnist for the San Francisco Chronicle and nearly seven years as Fortune magazine's monthly "Against the Grain" columnist.
He also was the New York financial correspondent for the Chicago Tribune and a financial reporter in its Chicago newsroom. Greenberg has held various positions at other media outlets including Crain's Chicago Business and the St. Paul Pioneer Press.
Greenberg holds a bachelor's degree in journalism from the University of Miami.
Follow Herb Greenberg on Twitter @herbgreenberg.
Salesforce.com, a leader in customer-relationship software, is a poster child of positioning itself as a non-GAAP company. Wall Street obliges by valuing the stock on earnings excluding options and such things as the accretion of debt. These are, after all, non-cash expenses—as if they just vanish into thin air. (Sarcasm, intended.)
One-day drops of 10 percent, 20 percent—even 50 percent—aren’t uncommon in these (I like to call) high-wire-act names. If you were ever looking for proof of a momentum-driven market, otherwise known as a lack of conviction in weak hands, these drops prove it.
There has already been a ton written about Demand Media, next week’s big IPO. It’s likely to get a lot of attention if for no other reason: At its expected price range of $14 to $16 valuation of around $1 billion—the highest Internet/media company valuation since Google, according to Paul Bard of Renaissance Capital.
With the post-IPO quiet period over for Youku and E-Commerce China Dangdang , two of the hottest Chinese deals in years, analyst from their investment bankers are out with a dash of reality: Unless you’re a long-term investor, these things are expensive.
After fading from the limelight since their public offerings last month, expect to see YouKu (China’s YouTube) and E-Commerce China DangDang (China’s Amazon.com) back in the news next week.
Chinese reverse mergers continue to be in the headlines as of late, causing investors to take notice and, as a result, these special types of mergers have come under increased scrutiny.
Strayer Education and other for-profit education companies are taking a big hit on Monday. On late Friday, after the market’s close, Strayer had announced worse-than-expected enrollment results.
As Chinese reverse mergers and IPOs in the U.S. come under increased scrutiny, here's something to ponder: Any kind of listing on an exchange is not the equivalent of the Good Housekeeping Seal of Approval.