The (many) indictments of Donald Trump

#16,801
#16,801
Grand Vol said:
You probably should use an article that isn't so out of date. Especially when dealing with the stock market.

www.usatoday.com

DJT stock rebounds since hush money trial low. What to know about Truth Social trading

Trump Media is known by experts as a meme stock. During its six weeks on the stock market, shares have swung wildly. What to know about ticker DJT.
www.usatoday.com
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From your link
"Expect the unexpected," said Jay Ritter, a finance scholar at the University of Florida. Despite the recent upswing, the stock price is likely headed to $1-$2 a share, Ritter said. "Whether it takes six months to get there or three years to get there, nobody knows for sure."
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He speculated that the stock's recent rise may be due to the company's efforts to combat short selling
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#16,802
#16,802
SpaceCoastVol said:
He won't dump 100 million shares, it's his baby. Especially if Puddinhead or another Socialist gets elected because his tax bill would be enormous. Your second statement is true of any large corporation in general.
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He got it for free so he can likely afford to ride it out. He will just take everyone else with him
 
#16,803
#16,803
whodeycin85 said:
Fair enough..I think if Trump wins out in his cases, it might and I stress might drive Pete to a platform calles Truth owned by a man whom beat the Odds against thr US gov...hell his mug shot got him support just for selective prosecution..it'll be interesting..

On a side subject...you and I spoke about the wall being not being a viable solution...other then size did you know Poland had an immigration crisis on apr with the rest of EUROPE...they put up a wall and now that crisis is over in less then 2 years
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The border between Poland and Belarus is 206 km (128 miles.) Our border with Mexico is 3,154 km (1,954 miles) not including the maritime issues we have in the gulf and the pacific.

You're comparing apples and elephants.
 
#16,804
#16,804
SpaceCoastVol said:
OK explain this then. If DJT doesn't produce anything, why is Wall Street interested in it to the point that it is selling for over $48/share? I don't necessarily think it is worth that, but there isn't enough information on the company to make a true value judgement at this point. But do you really think there are enough 'rubes' out there buying it and artificially inflating the price to THIS degree? This is not a Gamestop situation. My point that even if it is only worth half or a quarter of what it currently sells for, Trump has made north of a billion. You contend he has somehow manipulated the market and millions of people in the process of building this and getting it in public. If he did that, November is a shoo in.
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This is absolutely a GameStop situation....

There is more than enough publicly traded information to put a valuation on the Company.....
 
#16,805
#16,805
BigOrangeMojo said:
It's overpriced by $40/share. Question is going to be whether the meme stock holders will continue buying enough to keep it propped through the end of September....

My guess is yes, to some extent...
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Do you know how much if any of his own money is invested in it?
 
#16,806
#16,806
Septic said:
The border there is 206km (128 miles.) Our border with Mexico is 3,154 (1,954 miles) not including the maritime issues we have in the gulf and the pacific.

You're comparing apples and elephants.
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I admitted the size is a difference but the principle remains the same, just the scale which shouldn't be an issue for a country with Trillions compared to Poland's billions...the maritime issues I agree as well, but maybe more focus on those along witb a wall anf policy enforcement will deter illegal immigration...
 
#16,809
#16,809
BigOrangeMojo said:
Truth has 1/1000th of the revenue of X and almost the same valuation....
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Isn't the point of a free market that the value is whatever someone is willing to pay for it?? So arguing whether you personally value something is irrelevant, cuz someone out there values it at the current rate and of course that will change
 
#16,812
#16,812
whodeycin85 said:
Isn't the point of a free market that the value is whatever someone is willing to pay for it?? So arguing whether you personally value something is irrelevant, cuz someone out there values it at the current rate and of course that will change
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Not when you evaluate the viability of a business

It's all there in the Sarasota, Florida-based company's 100-page financial report: A firehose of losses, $58 million last year, on minuscule revenue of $4 million from advertising and other sources.

The losses are so big, as Trump Media's auditor wrote in the report, they "raise substantial doubt about its ability to continue as a going concern."
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#16,815
#16,815
whodeycin85 said:
Isn't the point of a free market that the value is whatever someone is willing to pay for it?? So arguing whether you personally value something is irrelevant, cuz someone out there values it at the current rate and of course that will change
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Right now, this is a meme stock and people are willing to pay $40+ for it. Meme stock bubbles don't last forever and eventually it reverts back to value of business.

That may be in 4 months or 4 years....
 
#16,817
#16,817
hog88 said:
Then I don't get the ridicule. Anyone on this board would take a similar deal.
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I'm not ridiculing. Just making comments that Truth ain't worth 9 billion long term and that it will revert to a proper valuation long term valuation at some point in the near future (i.e. 4 months or 4 years)....
 
#16,823
#16,823
BigOrangeMojo said:
Given his ownership stake, there is a fiduciary duty to other shareholders.....

It's why he won't attempt to force the board to let him sell shares before 6 month lockup period is up
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And I'll bet you a thousand VN bucks he won't be dumping it like all you haters are intimating.
 
#16,825
#16,825
SpaceCoastVol said:
Yes I do. Bring it.
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iu
 
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