Since I started writing in this blog again, I started reviewing old posts and one of the things I was curious about was how jaded is Wall Street.
One of the first players I identified in the Kiddie Porn Industry was Level 3 Communications with the following post. At the time the stock price was $6.26 and it’s easy enough to check both the blog date and stock price. Level 3 was identified as a key player in delivering kiddie porn including the establishment of direct cable to the Host and corporate acquisitions which facilitated Kiddie porn delivery.
April 6, 2007
About six weeks later, I did a post on the government protection of and subsidies for Kiddie porn and once again identified Level 3 as a beneficiary of these subsidies. The stock price was $5.36 per share.
May 15, 2007
On Septemnber 11, 2007, when the price had declined to $4.72, I clearly identified Level 3 as a direct investment in Kiddie porn.
September 11, 2007 4.72
Since that time the stock has declined to $3.11 or less than half when first identified as a kiddie porn supplier or a drop of over 50%. As a benchmark, the Dow industrials have dropped less than half suffering about a 20% loss.
Now before Wall Street gets too smug and starts basking in moral superiority, I might point out that 94% of all their stock is still institutional holdings and still in your pension fund.
So who’s profiting from Kiddie Porn?
You probably are!