Originally written by Ari Kuchinsky Ari Kuchinsky and posted at TheReformedBroker
What if Tim Tebow was a stock? Most importantly, Tebow would bring pride to the
ticker $TBOW. It has been hijacked by Trunkbow International ($TBOW) (a Chinese
IPO from February 2011 and down 61% YTD). The Chinese stole his ticker and he
should be pissed.
How would it have played out so far? Tebow would have started trading on April 23,
2010—the day after the 2010 NFL Draft. Most draft gurus projected Tebow as a mid-
round draft choice. The valuation of $TBOW would have been more polarizing than
the valuation of Apple. We’ve seen Apple fanboys. Imagine $TBOW disciples flooding
Twitter, Stocktwits and the blogosphere.
We learned it only took one buyer to set the value of $TBOW. The Broncos valued
Tebow at $9.7 million. In a thin market with only 32 franchises, valuation can be volatile.
It doesn’t matter if some franchises thought $TBOW had no value—the highest bidder
sets the price. Similarly, Groupon (
