We divorced Netflix in my home after scamdemic. I don't need 2 dudes kissing beamed into my house on a television.....fuck that. Worst part is they aren't even gay.....they're doing it for money. This is influencing millions of young impressionable kids without a strong household at home. Shit keeps going the way it's been going and there wont be a TV in my house at all.
Majority of its drop was after hours. Opening that low tripped a LOT of stop losses which brought the price lower. Sentiment? By who? The entire fucking market is algo trading back and fourth. To bring that price back up during trading hours would take a LOT of money. Money is being pulled out of the stock market. Volume means nothing. 133 millions shares was all front running and scalping by Algos who are there for the volatility. They’re not there to rise or lower price, they’re there to make $$ on the volatility.
I thought I read they've taken on a lot of debt for the last few years. There may not be a move for the retail investor other than bet on the decline.
If interest rates rise.... Im not sure how the industry financials work, but rising rates could mean bankruptcy pretty quickly?
I stand behind my assertion that asset investment of money borrowed during the past several years of historically cheap money will, over the next several years, have been among the best possible financial choices of a lifetime for individuals and corporations to have made. The 2.25 mortgage on my house is costing me less than I'd be losing in purchasing power of cash under the mattress. Plus, I'll be able to sell this house for inflation-adjusted future dollars. Having either of those advantages is awesome. Having both is chef's kiss.
A co worker took some equity form his house in a refi...did some reno work and put the rest in the market. I think he is at 2.5% and has 5 figures in I-bonds which are set to pay north of 7% now.
Your assumption is that their repayment of debt is variable, depending on the current rate. While that is a possibility, a majority of corporate debt (again, depending on the structure) is usually at fixed rates over a time period. With the low money costs until recently, depending on when they secured the debt, the current changes of interest would not impact their particular loans/bonds.