NEW YORK ( TheStreet) -- There's been a hint of IPO mania happening during the past year, and while it's nice to see new companies coming to the market, there have not been many names that have captured the interest of this value investor.
What has been interesting is the proliferation of companies coming to market that offer free services and generate revenue through advertising. These businesses often ask consumers to pay up for a premium version of their services. I use many of these services personally -- the free versions, that is. I won't pay up for bells and whistles.
It's a classic case of "use the products, but don't buy the stock." Some of these initial public offerings have come amid much fanfare, with the granddaddy of them all happening Friday, when Facebook (FB) begins trading. Let's first look at the stocks of other recent IPOs.
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