It’s the Smart Money that Took a 77% Loss on Instacart, Not Retail Investors by Wolf Richter • Sep 25, 2023 • 115 Comments Instacart enters my pantheon of Imploded Stocks.
AMC Wipes Out its Meme Stock Groupies, Shares Plunge to New All-Time Low by Wolf Richter • Aug 28, 2023 • 89 Comments It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
Peloton Pukes, Stock Sallies to New Record Low, -97% from Peak by Wolf Richter • Aug 23, 2023 • 138 Comments Consensual Hallucination was so much fun while it lasted.
The Collapse of the EV SPACs: Another One Goes Bankrupt, Others on the Verge by Wolf Richter • Aug 9, 2023 • 146 Comments The SPAC boom will surely go down in history as one of the biggest stock-market heists ever, made possible by Consensual Hallucination.
Yellow Files for Bankruptcy and Liquidation. CEO Blames Teamsters in Stunning Detailed Announcement by Wolf Richter • Aug 7, 2023 • 178 Comments “All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
Third Wave of Hotel CRE Defaults Has Started, Triggered by CMBS Maturities and Variable-Rate Mortgages by Wolf Richter • Jul 11, 2023 • 121 Comments CMBS holders are on the hook, not banks. Investors in hotel REITs have gotten totally crushed.
How Can a Company Lose $3.3 Billion on $402 Million in Sales? Cannabis Companies Show How as Shares Get Wiped Out by Wolf Richter • Jun 22, 2023 • 131 Comments It just never ends with these hype-and-hoopla stocks. And when one wave finally dies, there’s something new. This stuff is just hilarious.
Commercial Real Estate Woes in the Stock Market: Office REITS by Wolf Richter • Jun 9, 2023 • 113 Comments But the dividends are so sweet – until they get cut or “suspended.”
Here’s the Great Deal JP Morgan Got on First Republic, according to JP Morgan’s Victory Lap in front of Investors by Wolf Richter • May 1, 2023 • 183 Comments A one-time “bargain purchase gain” of $2.6 billion, “over $500 million” in net income accretion, lots of other goodies amounting to an IRR of “over 20%.”
First Republic Zombie Bank Dismembered, Pieces Handed to JP Morgan, Uninsured Depositors Bailed Out. Stockholders, some Bondholders Bailed in. Cost to FDIC Fund: $13 Billion by Wolf Richter • May 1, 2023 • 135 Comments FDIC Board Member McKernan laments “our country’s bailout culture that privatizes gains while socializing losses.”
