Tuesday, December 09, 2008

Investments Gone South?

Now they can do so literally.
I read about it in the NYTimes and now I'm giving them a bit of free advertising here. Why not? Their plan is cutely creative.
The idea is this. Elite Island Resorts is taking the German saying "lieber nichts als gar nichts" to heart. (It means, "better nothing than nothing at all.") And, as a result, they are taking stocks as payment for rooms. The kicker is this: they're taking stocks at the rate they were trading on July 1, 2008 (up to $5,000 per room).
The trade is empty rooms for worthless stocks. Everyone wins.
But don't order room service. Who's to guarantee you don't get the food from July 1?

No comments: