Just goes to show how stocks can fly on the hype. It's a quiet board so I thought I would post this.
Airbnb Initial Public Offering was today and it opened about halfway into the trading day with the first trade at $146.00. It went as high as $165.00 and closed at 144.71 USD. (So some people actually lost money).The initial price that was somewhere around $80 never saw the light of day. The only ones who made real money were the ones holding shares before the stock opened. That means the creators and insiders of Airbnb are millionaires or billionaires tonight.
The vast amounts of money people are willing to invest at astronomical prices goes to show that there are many people out there ready to invest in a superior product.
So realistically, looking at a price of a few dollars for RMHB is not really that much of a stretch. If people like a product they will buy it and the company will prosper as well as it's shareholders.
Personally, I believe we will be selling a lot more product when this Covid-19 thing is finally put to rest. Then more people will be out shopping and taking their time. Right now, shoppers are walking into and out of a store a lot faster than normal.
Hence the big increase in online sales for just about every company in the world. When we finally get to see our quarterly reports it will be interesting to see online sales figures as opposed to brick and mortar sales. (if they break it down that way).
We might not be an Airbnb, but we are setting the groundwork for a company that has all the tools to stand out in the beverage industry and the people with real money will come.
I have never been able to shake the idea that one day when RMHB is more established they will be pursued by one of the major beverage companies.
Unless I miss my guess many of the supposed longs right now will be LONG GONE before we even get to 50 cents.
Coca-Cola bought into monster energy for 2.15 billion dollars in 2015(17%) and today Monster closed at $88.03, so having a major world player as a partner is not necessarily a bad thing.
Conventional wisdom says that no matter when you decide to sell, it would be smart to always keep some stock in a dark corner somewhere for the long game. What a great gift idea for your kids or grandkids to pay for their education 10 or 15 years from now.
If you think RMHB can't hit the big time, look at this. It was written in April of 2019.
Monster, which changed its name from Hansen's Natural in 2012, sells various drinks under brands such as Monster Energy, Java Monster, Muscle Monster, NOS, Burn and Full Throttle. Its share price has surged from below $0.10 in January 2003 to more than $54, lifting its market value from less than $1 million to more than $29 billion.
Ten cents?? We've been higher than that, so don't lose hope. The best is yet to come.
Airbnb Initial Public Offering was today and it opened about halfway into the trading day with the first trade at $146.00. It went as high as $165.00 and closed at 144.71 USD. (So some people actually lost money).The initial price that was somewhere around $80 never saw the light of day. The only ones who made real money were the ones holding shares before the stock opened. That means the creators and insiders of Airbnb are millionaires or billionaires tonight.
The vast amounts of money people are willing to invest at astronomical prices goes to show that there are many people out there ready to invest in a superior product.
So realistically, looking at a price of a few dollars for RMHB is not really that much of a stretch. If people like a product they will buy it and the company will prosper as well as it's shareholders.
Personally, I believe we will be selling a lot more product when this Covid-19 thing is finally put to rest. Then more people will be out shopping and taking their time. Right now, shoppers are walking into and out of a store a lot faster than normal.
Hence the big increase in online sales for just about every company in the world. When we finally get to see our quarterly reports it will be interesting to see online sales figures as opposed to brick and mortar sales. (if they break it down that way).
We might not be an Airbnb, but we are setting the groundwork for a company that has all the tools to stand out in the beverage industry and the people with real money will come.
I have never been able to shake the idea that one day when RMHB is more established they will be pursued by one of the major beverage companies.
Unless I miss my guess many of the supposed longs right now will be LONG GONE before we even get to 50 cents.
Coca-Cola bought into monster energy for 2.15 billion dollars in 2015(17%) and today Monster closed at $88.03, so having a major world player as a partner is not necessarily a bad thing.
Conventional wisdom says that no matter when you decide to sell, it would be smart to always keep some stock in a dark corner somewhere for the long game. What a great gift idea for your kids or grandkids to pay for their education 10 or 15 years from now.
If you think RMHB can't hit the big time, look at this. It was written in April of 2019.
Monster, which changed its name from Hansen's Natural in 2012, sells various drinks under brands such as Monster Energy, Java Monster, Muscle Monster, NOS, Burn and Full Throttle. Its share price has surged from below $0.10 in January 2003 to more than $54, lifting its market value from less than $1 million to more than $29 billion.
Ten cents?? We've been higher than that, so don't lose hope. The best is yet to come.
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