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Originally Posted by Dirty Lord
counting the days
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Sounds like the Wall Street Journal is ready to count FFN out:
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A name change, not making any money, a lot of debt: If that description sounds like a recipe for a dicey online date, then investors might want to apply the same principles to the coming week's IPO of Web-site operator FriendFinder Networks Inc.
FriendFinder, which operates more than a dozen Web sites aimed primarily at people looking for relationships or flings, changed its name 18 months ago from Penthouse Media Group. It isn't profitable, and until recently was in default on its debt covenants.
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