LogFAQs > #936660384

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red sox 777 04/02/20 3:34:36 PM #317:	CaptainOfCrush posted... Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books? It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now. My logic is that unless more bad news comes out by tomorrow it'll bounce from people seeing the 80% drop and rushing to buy. And if it goes under within a year, well I'm planning to sell tomorrow. As for their actual business, if their business is running coffeehouses in China their revenue for at least the first half of 2020 is going to be down like......90%. No one's going to a coffeehouse right now. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:936660384] in Stock Topi... [t:78520274]...</cite> <quote>CaptainOfCrush posted... </cite> <quote>Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books? It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now.</quote> My logic is that unless more bad news comes out by tomorrow it'll bounce from people seeing the 80% drop and rushing to buy. And if it goes under within a year, well I'm planning to sell tomorrow. As for their actual business, if their business is running coffeehouses in China their revenue for at least the first half of 2020 is going to be down like......90%. No one's going to a coffeehouse right now. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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