WeWork to file for bankruptcy

[M.W.]

Banks? Are you kidding? The only ones getting fleeced are those with foreskin, not a single bankster amongst them of course. No, this time it hit Masayoshi

I wonder what this will do for the banks. As long as they could claim they were going to pay them back and/or occupy space the could keep the value on their real estate holdings up.

Now do they have write down the value of a bunch of loans that could crash more banks?

 

[semperfrosty]

Banks? Are you kidding? The only ones getting fleeced are those with foreskin, not a single bankster amongst them of course. No, this time it hit Masayoshi

M.W-not mucking around today.

Tread lightly everyone!

 

[newwurldmn]

Thank ZIRP and QE infinity from 2009-2021

I don’t think it’s zirp. There are publicly traded comps that traded at a fraction of these companies. For example Away luggage traded at 10x sales while tumi traded at like 2.

 

[newwurldmn]

because they are comped with high tech and e-commerce p/e, not manufacturing, and can take market shares away from the big boys.

i did make some money shorting peloton, too little to write home about.

Why should a razor blade company be comped against a hi tech PE company?

The original story was, “they don’t have stores so they are more efficient” but now they all do.

 

[newwurldmn]

i think i might get why the companies had such lofty valuations.

You have an industry not really growing with a bunch of incumbents that have 20% market share each and a total market cap of say 10Billion. Some overconfident millenial says, "I can start a company that attracts millienials and i can get 20% of this market (at the expense of the incumbents). The VC's immediately give credit to this douchebag and value his/her company at 1Bn even though it only has 2% share of the market at that time. The VC's must be doing it as a demographics play.

 

[mervyn]

Why should a razor blade company be comped against a hi tech PE company?

The original story was, “they don’t have stores so they are more efficient” but now they all do.

Or e-commerce p/e, aka amazon

I use safety razor at home, albeit a very fancy one from Muhler and Japanese feather blades. Otherwise a march 3 when travel.

Have you looked at how much Gillette 5 blade razor cost lately? Anything cheaper will have the market. But I don’t know if you want to buy some cheap Chinese razors on eBay.

 

[Cabin111]

Why use this Facebook thing when MySpace works just fine!!

That's what I say...

CAR Avis/Budget earning came out...It has a P/E under 4.

Go figure...

 

[gwb-trading]

Well... it's now official.

WeWork files for bankruptcy
https://thehill.com/business/4296814-wework-files-for-bankruptcy/