Thursday, October 8, 2015 5:55 PM EDT
I’ve mentioned The Container Store (TCS) a number of times here as another flop of an IPO. As with GoPro, this stock seems superb at one thing: make regular lifetime lows. Amazing:
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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LOL that's what investors get for buying stocks with absurd multiples. I think it's called the greater fool theory and it looks like there were a lot of fools. Sadly, TCS is just the tip of the iceberg of greater fool priced stocks waiting to implode. That's what happens with a extended economic cycle with a stock market supported by zirp rates and very little economic growth.
I have been to a Container Store. It wasn't busy. Probably would do better if more houses were being built.