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BigP commented on
SOME GREAT POINTS !..... Fin..
1560 Days ago
BigP commented on
SOME GREAT POINTS !..... Fin..
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MUST READ !.......Running Ho..
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1777 Days

https://www.bnnbloomberg.ca/eisman-s-conviction-on-canadian-bank-short-a-nine-out-of-10-1.1267973

Eisman's conviction on Canadian bank short a nine out of 10 - BNN Bloomberg
https://www.bnnbloomberg.ca/eisman-s-conviction-on-canadian-bank-short-a-nine-out-of-10-1.1267973

Speaking to BNN Bloomberg on Monday, the portfolio manager made famous for his billion-dollar bets in The Big Short, said the Canadian banks’ second-quarter earnings have prompted him to add to his short positions on some of the nation’s financials.



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Latest Posts

1681 Days

https://www.zerohedge.com/news/2019-09-03/drone-bubble-implodes-wipes-out-startups-and-hammers-vc-firms

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BigP  1681 Days
In particular, Bloomberg mentions how French manufacturer Parrot SA halted most of its drone production in July. Software startup Airware Inc. raised $118 million from private investors before closing its doors and laying off 140 employees last year. GoPro's Karma drone was one of the biggest flops in the hobby drone space

1699 Days

https://www.zerohedge.com/news/2019-08-19/latest-sign-absolutely-nothing-makes-sense

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BigP  1699 Days
WeWork consistently burns cash and has no expectation of making money “in the foreseeable future” according to its own SEC filing.
In fact, WeWork lost almost $1 billion in the first six months of 2019, putting it on pace to lose even more money than the $1.9 billion it lost in 2018. WeWork is going public at a valuation of nearly $50 billion !.
Much of this excess is due to WeWork’s legendary silver-tongued and messianic co-founder/CEO, Adam Neumann.
Neumann has actually been able to convince people that WeWork is a technology company, as a way to justify its absurdly high valuations.

There’s also not a SINGLE line item in WeWork’s financial statements that shows ANY research and development.
 For technology companies, this is ALWAYS an important item in their financials.
Google spent $16 BILLION on research & development last year, amounting to roughly 14% of its revenue. Amazon spent $22 billion, 12% of its revenue. Facebook spent $7.8 billion, nearly 20% of its revenue.
And even stodgy old Johnson & Johnson, which doesn’t even pretend to be a tech company, spent more than $10 billion (13.8% of revenue) on research & development in 2018.