Great sports franchise, bad investment… It costs $250 a share, pays no dividends, benefits from no earnings, isn’t tradeable and has no securities-law protection. Although the offering document calls the shares “common stock,” they confer almost none of the advantages of a traditional stock. The document warns that buyers “should not purchase common stock with the purpose of making a profit.” via Are the Green Bay Packers the Worst Stock in America? – Total Return – WSJ
The Wall Street Journal has an interesting article today regarding MLB.com and how they outsource their streaming video technology and expertise. I watched some of the NCAA tournament games in the first round via CBS Sportsline which was powered by MLB.com. This is a great example of turning your leadership in a market niche into a nice burgeoning revenue stream.
Not sure why I’m on a baseball tangent today. It’s not like my team (the Pittsburgh Pirates) is doing very well this year. I just read an intriguing post though at Om Malik’s site theorizing that Six Apart and Major League Baseball have a baseball blog project in the works called mlblogs.com. Very interesting and nice sleuthing Om!
Rob Pegoraro of the Washington Post lists the best places on the web to follow baseball games. As MLB charges for live video feeds (that aren’t great quality anyway), monitoring games on the web is the next best thing for fans.
With the NHL hockey season officially lost, some fans are taking matters into their own hands. An article in today's WSJ discusses how some fans are coming to grips without NHL. Taking fantasy sports one step further, WhatIfSports.com allows users to simulate entire seasons using any combinations of past or present players. WhatIfSports says the participation in their hockey sports simulation games have increased 40-50%. With links from the NHL site, their traffic has been spiking. Raised outside of Pittsburgh …
After a few big wins by my alma mater, I was curious to see if our pathetic RPI ranking had moved up a bit. For those uninitiated in this arcane metric for college basketball, the Ratings Percentage Index (RPI) is the formula used by the NCAA to rate both men's and women's college basketball teams. The RPI is then used by the NCAA selection committee for picking teams for the tournament and establishing the brackets. The Rating Percentage Index (RPI) …
Steelersâ?? nation is in mourning today. A magical season was slammed shut and given a depressing ending yesterday evening. Deep down though, I thought this loss to the New England Patriots may happen, but I think I was in denial. Itâ??s more fun that way. Why screw up ignorant bliss? I guess there really is a reason why no rookie NFL quarterback has started in a Super Bowl.