Tampa-based UTEK Corp.’s stock has plunged after a report by Chris Carey at Sharesleuth.com this week. And Sharesleuth benefactor Mark Cuban stands to cash in big time, if he hasn’t already:
Disclosure: Mark Cuban … has sold short 75,000 shares of UTEK’s stock at an average price of around $20 a share.
If Mark happened to cash in when the stock hit its low of $11.30 after Chris’ post, his proceeds would be about $650,000, if we’re calculating correctly. Not a bad return.
As of this posting, the stock is trading at $12.65 per share.
(Via Romenesko)
Why We Still Love Mark Cuban
Lots of talk on the radio here in Big D and nationally about Mark Cuban’s mental health. Deadspin sums it up thusly: “Is Mark Cuban Going Insane?”
Cuban’s offenses:
1. Being rude to reporters
2. Cursing at officials
3. Making wild accusations (allegedly) that the NBA is rigged
Here’s why we love Cuban. After the game Sunday night, we
1. Were rude to our wife and dog (even though they were both wearing Jet Terry shirts)
2. Cursed at the television
3. Made wild accusations that the NBA is rigged
In short, Mark’s a true fan of the Mavs, heart and soul. And sometimes that isn’t pretty.
We’ll be there tonight. Section 108. Go Mavs.
Technorati tags: Cubes, Mavs, The Enemy