I’m taking a couple of MBA classes this semester to finish out my masters degree. (The journalism program requires two classes outside of your field of study.) A few weeks ago, the CEO of Atlanta-based Internap came to speak to my business plans class. He told us all about his fancy company and how it routes all the really important Internet traffic.
He made the future sound pretty bright for Internap, so I talked my wife into allowing us to buy 750 shares of the company. At 48 cents a share, we could just afford it.
Last week, I read this news on the wire. Yep, the board of Internap fired their CEO.
That’s a good representation of most of my stock market savvy.