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+--- Thread: DJT was also his casino stock ticker (/showthread.php?tid=286083)
Re: DJT was also his casino stock ticker - Ted King - 04-02-2024
pdq wrote:
Just closed out my put position, this time for only one more dinner out. DJT is up today, which is either a dead-cat bounce, or one of Trump's rich buddies bidding it up.
If it goes up further, I'll take out a new put. Longer term, it has nowhere to go but down.
https://www.cnn.com/2024/04/02/business/trump-media-stock-djt-nightcap/index.html
Trump Media, aka TMTG, generated just $4.1 million in revenue last year. That means the stock is trading at about 1,500 times its annual revenue. Not even the frothiest of AI stocks come close to that level of disconnect.
And AI stocks have at least some hope they may pay off big in the future.
Re: DJT was also his casino stock ticker - Mr645 - 04-02-2024
Up 6% today, Market cap of $5.86 billion.
But what's a few hundred million dollars between friends
Re: DJT was also his casino stock ticker - Speedy - 04-03-2024
Mr645 wrote:
Up 6% today, Market cap of $5.86 billion.
But what's a few hundred million dollars between friends
This^. Trump’s rich pals are helping him out.
Re: DJT was also his casino stock ticker - RgrF - 04-03-2024
The trail of "iou"s Trump is leaving in his wake is mind boggling. Should he manage to win, the next 4 years will be spent liquidating every federal asset he can get his vulgar short fingers on.