Enron went bankrupt after their stadium naming rights deal. So did Adelphia, Worldcom, and Chesapeake Energy. This created the stadium indicator. Any company that does a stadium naming rights deal is going to go bankrupt and you should sell their stock.
Intuit just announced a stadium naming rights deal with the LA Clippers for their new stadium in Inglewood. It'll be called the Intuit Dome. Based on the stadium indicator it's time to sell Intuit, right?
It's more complicated than that. Glenn gets into why this simple heuristic-driven decision can get us into trouble and why Intuit might not be a sell after its stadium naming rights deal.
