Would you invest in Ashley Madison?
Sin stocks and the business of naughty
Bad boys, trashy magazines, junk food. Why is it that the things we know are so wrong for us are still so damn appealing? Whatever your shrink might tell you, the world knows that there is money to be made on our collective human weaknesses. The Toronto-based online adultery site AshleyMadison.com was recently featured as a cover story in Business Week magazine. One year ago, the company attempted an IPO in Canada and failed when the investment bankers got cold feet. Yet the company is earning profits hand over garter belt, has an aggressive growth plan and sees a future possibility of going public in the US. read more »
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