IB Net Payout Yields Model

Invest like me - only at Covestor.com

Trump Media: Brace For Lock-Up Expiration

By -

Update - Sept. 11, 2024

The debate was clearly rigged, not sure why Trump agreed to a debate with biased ABC media as the moderators. Again though, the stock isn't based on whether Trump becomes President or not. 

  • -Trump Media & Technology (NASDAQ:DJT) shares declined by as much as 11% after the U.S. presidential debate between Democratic nominee Kamala Harris and Republican Donald Trump. According to a CNN instant poll conducted by SSRS, 63% of viewers felt Harris won the debate, while 37% believed Trump was the winner.

  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
Finviz Chart

Original article posted on Sept. 2

  • Trump Media faces significant downside risk with the upcoming lock-up expiration, particularly with Donald Trump's large share position and funding needed for the election.
  • The company reported another weak quarter, with revenue below $1 million and rising expenses, highlighting a lack of business progress.
  • Despite launching new ventures like Truth+ and a CDN, Trump Media has not detailed plans for growth or secured new content partners.
  • The stock's valuation is unrealistic given the company's minimal revenue and lack of growth, making the current $4 billion market cap unsustainable.

Since the initial SPAC approval, the whole focus of Trump Media & Technology Group Corp. (NASDAQ:DJT) has been the expiration of the major share lockups from the going public process. The main focus is definitely former President Trump's shares, amounting to the majority of the company. My investment thesis remains ultra-Bearish on the stock following another weak quarter and the large share lock-up expiration in September.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Comments

Post a Comment

Popular posts from this blog

ChargePoint: Low Quality Beat

By -
Image
  ChargePoint beat FQ2'22 revenue estimates, but the losses are mounting. The company guided up FY22 numbers partly due to acquisitions. The stock still trades at an estimated 21x FY23 number leaving limited upside for the stock and reinforcing why venture funds sold 13.8 million shares. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » After  solid FQ2'22 earnings ,  ChargePoint Holdings  ( CHPT ) has seen a nice bump in the stock. Now investors have to confront the valuation divide and deal with the past insider sales likely leading to future sales on any stock rallies. My  investment thesis  remains very Bearish on the EV charging station stock on any rallies into the mid-$20s. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Sept. 8 Be cautious when analysts strugg...
Read more

Occidental: Still Producing Too Much Oil

By -
Image
Though oil continues plunging, the oil giants continue producing more. For Q4, Occidental Petroleum (OXY) had roughly flat production. The worst part is that OXY plans to grow production by 2% to 4% in 2016. The stock has held up somewhat strong, but the inability to turn off the spigot remains troubling. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 
Read more

Aurora Cannabis: Deal Or No Deal

By -
Aurora Cannabis was left out of the major deal making in 2018. The cannabis company updated FQ2 guidance to revenues of $50 to $55 million with a continued focus on pure production growth. The stock is down as the market is becoming less impressed with commodity farming operations due to the prime Oregon example. The stock is below key resistance at $5.40 as medical cannabis patient totals failed to impress. As the end of 2018 came and went,   Aurora Cannabis   ( ACB ) was a notable absentee from the deal making in the cannabis market. Just about all of the other major Canadian cannabis players got large investments or signed up powerful partnerships, but the related stocks didn't generally maintain rallies following the deals. Based on the early legalization data in Canada and Oregon, the best option for Aurora Cannabis might actually be selling production capacity while the Canadian market remains hot. Read the full article on Seeking Alpha.  Disc...
Read more