ShmoopTube

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Finance a la shmoop what is bottom fishing?

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I like big bull markets and I cannot lie, all you other brokers can't deny that when a fun [People rapping]

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comes in with an itty bitty fee and dividends in your face you get sprung

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uh-huh but then it ends alright in stocks or at least a stock goes down

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down down down and you're doing the financial limbo asking how low can they [Stock performs limbo]

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go well anyway the stocks die or at least get close to death their stock

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prices fall fall fall and there's collection at the bottom of the sea [Stocks collect at the bottom of the sea]

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fallen angels formerly great companies gone bad tech stocks that are no longer

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high-tech what do they all have in common down here they're cheap they

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traded five times earnings eight times earnings three times ebitda.. nobody

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wants them nobody loves them they are literally eating worms well some [worms appear from sea bed]

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investors hunt for extreme bargains down here hoping to find names that will

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someday not be at the bottom of the sea maybe there's a shift in technology

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coming that will favor them maybe there's a sentiment change or maybe

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Sears starts a serving starburst flavored coffee and the throngs of [Sears advert for starburst coffee appears on TV]

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sticky-fingered kids come running back to malls leaving their videogame

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joysticks back home at least that's the hope of bottom fisher's like this type

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of investor who eventually wants to make the names down here float with the [Investor scubadiving at bottom of the sea]

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belief that something's coming just around the corner and it will make them

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not trade at a crazy low multiple otherwise the graveyard down here is

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just forever cheap [Seabed stamped forever cheap]

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