March 29, 2019
For anyone who gets their kicks out of buying volatile and unpredictable shares of stock, today may be your day. Lyft, a company that lost over 900 million dollars last year on sales of 2.2 billion and self-admittedly may NEVER make any money, comes public today after pricing shares at 72 dollars apiece. Could be we’re looking at another Amazon, which had a similar profit story many years ago. Or, it could be another Snap, which has dipped to about 11 bucks, down from 27 after its IPO last year. Be careful out there, folks.
It’s the last trading day of the quarter, and we do have one earnings warning this morning. DowDupont, which is about to split into three separate companies, warned that the current quarter will be a little bumpy.
Blackberry reported 11 cents of adjusted profit this morning, which was almost double the expected...