Mark Cuban Mouths Off Again

Mark Cuban Fined $100K (via FanIQ)

  Commissioner David Stern fined Mark Cuban $100,000 for approaching referees with inappropriate language after the Mavs blew a 17-point lead to the Clippers this past Wednesday with a loss of 129-127.   After Cuban was slapped with the fine,…

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BTW, of course Mark Cuban wins his insider trading case

Basketball team owner, (alleged) insider trader, entrepreneur and charmer of Texas juries with many women says after his aquital:
 
"I am glad this happened to me," Cuban told The Wall Street Journal. "I am glad I am wealthy enough to stand up to the SEC."

The insider-trading case against Mark Cuban goes to trial

The insider-trading case against Mark Cuban goes to trial


The billionaire owner of the Dallas Mavericks, Mark Cuban, goes to trial where he is accused of using insider information sell stock in an Internet company in 2004 before the shares fell dramatically. Cuban avoided $750,000 in losses to live the lifestyle he is accustomed to living in the Big D.

Billionaire Baller Goes Negative on Bracelets

Has Mark Cuban Hedged His Facebook Position?

Has Mark Cuban Hedged His Facebook Position?


There are five (correct) answers to this question. They are (in no particular order):

a. who knows?
b. he'd be stupid if he wasn't
c. Broadcast.com
d. Yep, he's gotta to be
e. Yes, his silence (no posts or tweets) on this means only one thing

First, let's take a look at Mark Cuban's current (disclosed) Facebook position---

(Long) 150,000 shares; average cost per share $32.49; total cost $4,873,500

Based on a 6/1/12 FB close at $27.72, Cuban looks like he is sitting on a net (paper) loss of $715,500.

Do we begin to worry and feel sorry for Mark Cuban and his Facebook trade? No, because we only can see his paper loss. No, because he already told us this is a trade, not a long term investment. No, because with an original FB position of nearly $5 million, he has a vested interest in monitoring trade. No, because Mark Cuban doesn't like to lose money. No, because Mark Cuban isn't stupid.

Back in 1995 Mark Cuban and partner created Broadcast.com, a multimedia company. Years later they sold the company to Yahoo! for $5.7 billion in 1999. But, Cuban then owned restricted Yahoo! stock that was locked up. Cuban was at risk owning (temporarily) illiquid Yahoo stock. Cuban was at substantial risk. Cuban didn't want to accept that risk. Mark Cuban wanted to transfer that risk to the options market. So, Cuban says he "hedged my stock with synthetic indexes, in case the market cratered in the six months before I could hedge my actual Yahoo shares. It cost me $20 million, but I protected what I had." (Fast Company, September 30, 2002).

In January 2000, Cuban bought the Dallas Mavericks, NBA franchise.

In May 2012, Cuban bought a little under $5 million of Facebook stock.

Mark Cuban is hedged.

Mark Cuban backs away from the Dodgers Roulette table

Yes, you heard correctly, Mark Cuban has done the smart thing.

Mark Cuban, the savvy basketball billionaire businessman that he is, has backed away from the insanity that is becoming the legalized gambling and bidding contest for the LosAngeles-DivorceCourt-ChavezRevene-MattKempGotScrewed-Dodgers.

This ownership battle is no longer about baseball or watching Clayton Kershaw pitch a 1-hitter. It is about who will be Baseball King of Los Angeles and enjoy the benefits of a huge cash flow cornucopia; aka the future re-negotiated TV rights to the Dodgers

Good luck Dodgers. You'll probably finish third or forth in the West again this season.

For now, Arte Moreno, owner of the LosAngeles-Anaheim-OrangeCounty-Angels-of-SealBeach, is King of baseball in the Southland.

As the song says: "Where have you gone Sandy Koufax?" or was that Joe DiMaggio??

Winning with Mark Cuban

Long-time readers of Think Billion$ will find it funny that we actually would like and would promote a book by Mark Cuban.

Even though we’ve been an occasional Cuban Critic over the years, we did find it in our hearts to congratulate the Dallas Mavericks on their NBA championship last year.

Mark Cuban has indeed done some crazy things over the years. However, he does provide us with some good business recommendations from time to time. And "How to Win" does provide us with solid suggestions and ideas. Plus, where can you find good quality business ideas and commentary these days for just $2.00+? Yes, two bucks! Amazing. Enjoy reading Mark Cuban.


How to Win at the Sport of Business: If I Can Do It, You Can Do It

Minority partners in the Mavericks basketball team sue Mark Cuban

Minority partners in the Dallas Mavericks basketball (Hillwood Investment Properties, Ross Perot Jr., etc) have sued majority owner Mark Cuban, alleging that he spent too much money on the team, among other items.

Cuban responded to this idiocy and lawsuit by using a photo of the team winning the 2011 NBA Championship (see above).

Congratulations Dallas Mavericks!

Congratulations Dallas Mavericks on winning the 2011 NBA World Championship!


As readers of the Think Billions blog know, we have been frequent critics over the years of Dallas owner Mark Cuban. But because we feel that he did a great job of keeping this team together and keeping them focused, we can easily say.......


Congratulations Dallas Mavericks!!!

Mark Cuban's Stupid College Football Playoff Idea

As you already know, the billionaire owner of the Dallas Mavericks (Mark Cuban), is always talking and thinking. Typically at the same time.

This week, our favorite sports owner told ESPNDallas.com that he was “actively interested but in the exploratory stage” of trying to bankroll a 12 or 16 team playoff to replace the controversial BCS (Bowl Championship Series).

What a humanitarian. Just when we need it the most.

BCS executive director Bill Hancock commented today, as expected:

“Given how much support our current system has among university presidents, athletics directors, coaches and athletes, I don’t think any amount of financial inducement will make people abandon” the BCS.

Mark Cuban to LeBron James: I told you, and you didn't listen

Mark Cuban, billionaire owner of the Dallas Mavericks, regarding LeBron James:

“When he was making his decision, what I told him, and I told Maverick, was that no team had ever blown up a team of all their core, then added a couple of free agents and won,” Cuban said. “It’s always taken someone to come into a good team to make it better and put them over the top. That’s what I told him.”

Saturday Nov. 27, 2010:


Miami 95
Dallas 106

Of Texas billionaires, basketball and such

I've got the ball, says Mark Cuban

We don't write about Ross Perot, Jr. here too much. But as readers know, we do post often about that crazy-guy-owner of the one-and-out Dallas Mavericks, Mark Cuban.

Well know it seems as if Ross Perot's previous ownership of the Mavs (pre-Cuban) entitles him to throw spitballs at Mark Cuban. (Mr. Perot has retained a small minority ownership in the Dallas basketball team through his Hillwood Investment Properties III Ltd. company).

Ross is claiming the Dallas NBA team is close to financial insolvency. Cuban is quoted as saying the "Mavs are just fine."

We know the NBA has not been doing well financially as a league in recent years, however we doubt the Dallas Mavericks are on the brink of financial ruin.

We also doubt we will be following this Texas billionaire shoot-out in the near future. But, you can.

Mark Cuban: I'm not so against steroids

Dallas Mavericks billionaire owner Mark Cuban on the NBA's steroid policy:

"I'm not so against steroids," Cuban said, pausing to a roomful of laughter, "if it's administered under the proper supervision."


article

Mark, Dinos and the Dallas Mavericks

Separated at birth? Mark Cuban and Dinos Trigonis

see article and pictures

Mark Cuban to Feds: Pay MY Damn Legal Fees

Dallas Mavericks owner Mark Cuban wants the Securities and Exchange Commission to pay his legal fees stemming from the agency’s insider trading case against him.

In recent court filings, Mr. Cuban cites alleged misconduct by the governmental agency and requests that it be sanctioned for its “bad faith.”

The SEC will appeal the original case.

Mark Cuban, insider trading?

The SEC has charged Dallas Mavericks owner Mark Cuban with insider trading.

According to the WSJ:

The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that Mamma.com was raising money through a private investment in a public entity, or PIPE. The next day, on June 29, the company announced the PIPE financing and shares of the company dropped by more than 10%. By selling his stake, the SEC alleges, Mr. Cuban avoided more than $750,000 in losses.

WSJ article



related:

mamma.com - the mother of all search engines

Billionaires have holiday wish lists, too

The Wall Street Journal reported yesterday ("Seven Yachts A-Sailing, Six..., p. W2) that yes, billionaires have holiday wish lists and needs like the rest of us.

For instance, Mark Cuban wants: an NBA trophy, a 32-gigabyte flash drive and new dancing shoes.

Sam Wyly wants books, such as: "Flying Tigers: Claire Chennault and His American Volunteers, 1941-1942."

Please let us know if you know of an billionaires that have updated wish lists.

Merry Christmas to all billionaires and non-billionaires alike!!!

The 100 Most "Influential" People in Sports: Mark Cuban (#5)

Billionaire Mark Cuban at Dirk Nowitzki's MVP presser





A Price Above Bip Roberts