Word: peakes
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This IPO, by the way, may be an early indicator of just such a turn. Look at the Boston Celtics, which went public in 1986. It was the very peak of a hoops dynasty that included NBA championships in 1981, '84 and '86. They made it to the finals in '85 and again in '87. But their great players started leaving soon after, and the team has been "rebuilding" for nearly a decade. Oh, yeah, Celtics stock has been anything but a slam-dunk, soaring from $18 1/2 to just over $20--in 12 years. Even if you count dividends...
...thrill. But the Indians illustrate a problem with all IPOs: they are timed for sale, not purchase. They come to market when everything is clicking, when the main risks are that the good times, which you are paying for, won't last. Companies, after all, can peak just like sports teams...
Gertrude ("Ma") Rainey, known as the mother of the blues, stands at the juncture of rural country blues and a more urban form that reached its peak with the popularity of her protege, Bessie Smith. As the first broadly known traveling blues woman, Rainey represented for many women in her audiences a tangible incarnation of freedom. A pioneer on the black entertainment circuit, she shaped women's blues for many generations. As blues singer Koko Taylor said, women like "Ma" Rainey were the foundation of the blues...
...show biz, her crazy schemes that always backfired, the constant fights with the Mertzes--became as particularized and familiar as the face across the dinner table. For four out of its six seasons (only six!), I Love Lucy was the No. 1-rated show on television; at its peak, in 1952-53, it averaged an incredible 67.3 rating, meaning that on a typical Monday night, more than two-thirds of all homes with TV sets were tuned to Lucy...
...show of his own. It was a British producer, Lew Grade, who finally offered Henson the financing that enabled him to mount The Muppet Show. The program ran in syndication from 1976 until 1981, when Henson decided to end it lest its quality begin to decline. At its peak it was watched each week by 235 million viewers around the world. Stars from Steve Martin to Rudolf Nureyev appeared as guest hosts, and the show launched the career of Miss Piggy, the vain, tres sophistiquee female who was besotted with Kermit...