It was a good week in business, Google had what I believe was a terrific quarter with huge profits and its stock is closing in again on $400 per share.
Rosetta Stone, a local DC based company filed for an IPO and its share price soared at the end of the week to $28 plus from this week’s opening of $12. Congratulations to them! Way to go.
And Citibank had a profitable quarter. Big banks are slowly and surely reaping the benefits of all of that pruning and those big write-offs and the government’s intervention and cash to prop them up.
These are three tangible signs that a turnaround has really started. Don’t miss the signs.
Eric Eichmann is COO of Rosetta!
Hey, we got our statement from our investment account for last month and we actually did not lose any money last month. It actually went up a little bit!! I took it as a sign.