Most Over-Valued Company is History

The frustrating thing about pets.com is that it was so close to greatness. We order a lot of our pet supplies from chewy.com, which is the exact same business proposition, just ten years later.
 
Puppycow said:
I wouldn't short something even if I'm certain that it's grossly overvalued, because shorts can get squeezed anyway. There's a saying I heard: The market can stay irrational longer than you can stay solvent. That seems to go double when there are "true believers" in something who are buying it for ideological reasons and not simply for investment purposes.
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According to this article on CNBC, Trump's stock is the single-most expensive stock to short. Essentially because everybody wants to do it (supply and demand) but at the same time there is a lot of perceived risk (from Trumpkins keeping the price high).
 
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Brainster said:
According to this article on CNBC, Trump's stock is the single-most expensive stock to short. Essentially because everybody wants to do it (supply and demand) but at the same time there is a lot of perceived risk (from Trumpkins keeping the price high).
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That's the danger - they're not investors, they're morons. Sentiment will beat PE ratios every time.
 
Brainster said:
According to Devin Nunes (CEO), they have $200 million in cash and no debt as a result of the "merger", so they should have some equity at this point.



I know, I know, Nunes, but at this point he's gotta be careful because of the SEC. That said, yeah, this is a ridiculous valuation--something like 1200 price to (trailing) sales, which would have to be the all-time record for a company that didn't just discover their first gold mine. It will be interesting to see how hard it will get shorted.
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That's what trump is suing for.
 
lobosrul5 said:
I mean if you just want to go with ~2000 dot-com busts, pets.com comes to mind as vaaaaaaaaastly more inflated than AAPL ever was. It IPO'd at $11 and about 9 months later shares were liquidated at about 11 cents.
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I made quite a lot of money out of the Palm bubble back in the day.

The current Apple 'adjustment' over their perceived AI failings has possibilities.
 
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dirtywick said:
https://www.bbc.com/news/business-68725771

looks like he's trying to pin it all on his business partners
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Trying to say THEY mismanaged the company? They have been out of the picture for years, apparently - he chased them out. And Trump has been boasting what a success HE made of it. So is he suing HIMSELF now?*

*Would be about the only person left in the world he hasn't sued so far...
 
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Brainster said:
According to this article on CNBC, Trump's stock is the single-most expensive stock to short. Essentially because everybody wants to do it (supply and demand) but at the same time there is a lot of perceived risk (from Trumpkins keeping the price high).
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Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay financing costs of between 750% and 900% of the price of the stock annually, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
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I almost feel like it makes it objectively a good investment. If you then lend out your shares to shorts.
 
Don't forget that Game Stop moment. I had a coworker claim he put his entire savings into game stop based on his information that they were going to move into the on-line space big.......


Where they would be competing with a half dozen already established providers? I've been afraid to ask how that went.
 
Stylesjl said:
I suppose a case could be made that Truth Social will become more valuable if Trump gets re-elected. But if he loses then it will probably become almost completely worthless. So this is indirectly a kind of bet on the election outcome.
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It'll be worthless even if T****y is installed in the White House. Nobody uses it and there's no incentive for anybody to do so. And when T****y's exclusivity deal with the platform expires, there'll be no reason for anybody to even visit the website.
 
Down another 10% today to about 37. In the last 9 days the valuation has dropped in half.
 
Brainster said:
Down another 10% today to about 37. In the last 9 days the valuation has dropped in half.
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Half?!
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month.
Trump media stock erases all gains (MSNBC on YouTube, April 9, 2024)
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Stylesjl said:
I suppose a case could be made that Truth Social will become more valuable if Trump gets re-elected. But if he loses then it will probably become almost completely worthless. So this is indirectly a kind of bet on the election outcome.
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I think Trump would have to give up running Truth SOcial if he were elected. he can still own it, but he cannot run it.
 
ahhell said:
Don't forget that Game Stop moment. I had a coworker claim he put his entire savings into game stop based on his information that they were going to move into the on-line space big.......


Where they would be competing with a half dozen already established providers? I've been afraid to ask how that went.
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I hate the crappy movie they made about the Game Stop brouhaha, because they tried to portray the idiots who invested in it as some kind of bold , brave rebels against the Wall Street Man,instead of a bunch of fools who threw htie money down the drain.
Hollywood has a real problem in that they try often try to show some relaly stupid stuff as being some brave rebellion against authority.
 
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