The latest sign that a bubblegeddon might be upon our markets: The Segway IPO:
And Segway Inc. President and Chief Executive James Norrod, hoping to parlay the growth into a payday for the original investors in the scooter, has made grooming the company for an initial public offering in the next few years a top priority.
Gauging Segway’s prospects in an IPO is difficult, as the company will not reveal its yearly revenue or whether it is profitable. Norrod will only say that “tens of thousands” of Segways have been sold around the world, and that the company’s revenue has been growing by at least 50 percent over each of the last few years.
Time to adjust the portfolio away from equities and back into guns and liquor.