$STIC SPAC is taking over BarkBox. The valuation seems a bit rich at at $1.6B off $375MM revenue but I feel like they're in a good spot to capitalize off the pandemic pet boom. I have a limit order at $10.75 for tmrw's open. https://www.wsj.com/articles/barkbox-to-be-acquired-in-1-6-billion-deal-11608174012
thanks, wow unit hasn't even split and they already have a deal. no warrants maybe i'm desensitized from paying 40-60x p/s for cloud stocks, valuation looks good if they are really selling $375mil worth of pet food lol, that's a lot of doggy treats.
Speaking of SPACs ... I casually saw this article about AST merging with NPA. Have any of you been following it or know anything about it?
Yeah who knows how much it will pop tmrw? I'd put in a more aggressive opening bid if i wasn't short on liquidity (damn you AAPL and BABA!). I couldn't find any sort of investor deck and my fear is their margins are crap and they're just subsidizing topline growth using VC money. Also I'm skeptical of most subscription box models in terms of long-term growth (I feel they're more of a temporary novelty) but I have been looking for a pandemic pet play that hasn't taken off already.
You need to get out of that stuff that makes money and buy stocks that run on hopium. BTW, I'm getting even more worried if this is true : https://in.reuters.com/article/alibaba-surveillance-idINKBN28R0KP
Not to condone such actions but it seems like the author behind the research has been publishing articles critical of the CCP and Chinese companies for years so it doesn't seem like any groundbreaking news to me and I'm sure the US govt does similar stuff behind closed doors. https://muckrack.com/charles-rollet/articles I went big on Apple last fall because I was betting on them to maybe announce a new ad network but their plans ended up getting delayed till probably March 2021 at the earliest. If you've been following tech news, this related to FB calling them out.
Yeah, but I'm looking at it from whether or not BABA the stock/company will get slapped by the US government (since I own the stock). I was only joking about getting out of the stocks. I've been in Apple since probably 2007 (not counting my early foray into it back around 2000). I don't plan to let go of it anytime soon. I think the latest news I heard about them was rumors of stronger-than-expected iPhone sales and they're expected to give Peleton competition with their Fitness+ app. They seem to come up with new revenue streams or keep existing ones going somehow. The only concern I ever had with them were China clamping down on them in retaliation or the EU going "anti-Big Tech" on them, but that doesn't seem to be happening.
Like a dumbass, I piled into MP (We’ll see...) Looking to finally take a position in weed, any suggestions?
The things MARA is doing for me right now, oh lawd, never made this much off anything so fast and it keeps on going. I keep putting more in too, I'm gonna fall so hard. And when I do I wont post about it either. Yall are only getting the highs. I cried over UPS enough. This must be what the Tesla people felt like. 20% every day.
Gone up like 5% since this post. Every post I make it goes up 2.5%. Pure blood sugar sex magik adrenaline rush for me the past 3 days.
I don't even need coffee in the morning any more, I just look at MARA pre-market and get hyped. But now I cant take a piss at night without looking at Bitcoin's price like a crack addict.
Been holding 25k shares of MVIS since March and boy am I happy as hell. Thinking a buyout may be coming soon, that's what they have been waiting for all year during their earning calls. Will be interesting to see what happens.
