Okay, I said I was going to be done with OneSeason but they won’t give me my money back. So I made two very small investments that I plan to hold onto until the day I can get my money and then get out. Win or lose. I thought I was really clever doing this, by the way. The two stocks I bought were Carmelo Anthony and post-IPO Allen Iverson. The Melo stock, I just felt he was undervalued at the time. The Iverson stock I saw obvious growth in it. Here is where the two stand right now.
Carmelo Anthony Price: $2.40 SOIs: 34,688 Value: $83,251.19
Allen Iverson Price: $9.56 SOIs: 8414 Value: $80,437.84
There is obviously way too much supply on Melo, but they are both valued equally. Now look at Michael Jordan.
Michael Jordan Price: $2.19 SOIs: 126976 Value: $275,537.91
Lebron James and Kobe Bryant are also valued over $250k while Brett Favre, Reggie Bush, Kevin Garnett and others are well over $100k. What is so different about Melo and Iverson than these guys? I’d rank both of them far ahead of KG and Reggie Bush in popularity and slightly below LBJ and Kobe. It wasn’t that long ago that Allen Iverson was the most popular player in the world. They both sell shoes and merchandise like crazy, so why are they so underrated? They should both be at or around $100k in value, but they’re not. Does this make them a good buy? Or am I missing something? Why are they undervalued?
Oh, that’s right. This site makes no sense.
