Thinking abt who would/could finance trump- If you look at fundamentals- How's it gonna be worth $4bil- the best media cos like Disney trade at 10-15x ebitda. trump’s would have to earn (or forecast plans to) $300-400mm cash flow, which implies high margin revenue of $1-2bn
Here's what else I don't get - wouldn't a true margin loan for such a stock with concentrated ownership require 2-3x coverage at least (i think Elon’s twitter loan required him to post 4 shares of an established company like tesla for every share credited for his loan.)
@SRuhle The valuation is the result of a very limited float, up till now. $DWAC
@SRuhle The whole company is a sham. It's either not been funded, or it's been funded by super shady, likely non-US sources. Just read the wikipedia article on it. The DOJ should be all over this. en.wikipedia.org/wiki/Trump_Med…
@SRuhle RED FLAG LAWS, GOV COLLUSION! 👀🚨👇🚩 x.com/realpatrickweb…
@SRuhle RED FLAG LAWS, GOV COLLUSION! 👀🚨👇🚩 x.com/realpatrickweb…
@SRuhle Steph, what would happen if all Democrats and some independent voters canceled their account on truth social? Would that dump Don Poorleone’s value down even more if he tries to sell it? #DonPoorleone
@SRuhle Stock will tank to zero when Trump,is given access to sell shares..
@SRuhle Come on Steph, it’s not so complicated- just contrived. TS has absolutely no value, period. It generates no discernible profit and won’t increase after listing on NASDAQ. NO future. DOA. If Yass puts $$ into this or Trump’s hands directly, there needs to be investigation.