BITCOIN NEW TARGET TO "$86 K" : Who is buying Mullen stock

 BITCOIN NEW TARGET TO "$86 K" : Who is buying Mullen stock

  • These three dying stocks have too much trouble for investors to assume rate cuts will matter.
  • AMC (AMC): AMC is dying no matter how you look at it. 
  • Mullen Automotive (MULN): Mullen is driving into a wall, and no amount of cheap capital will save it from disaster.
  • Vornado Realty (VNO): Vornado Realty is at real risk of bankruptcy.

Best A.I. Stocks to Buy Before They Skyrocket

These stocks that are vulnerable to rate cuts won’t be saved by a potential interest rate cut. Readers can take that statement one of two ways. It’s either a reflection that rate cuts are now expected to occur later than previously expected, and that the firms will run out of time. Or, it implies that even if rate cuts are quickly enacted that it won’t be enough to save these firms. 

I’d suggest that in either case the firms discussed are not worthy of investment. Each stock has suffered in the face of continued quantitative tightening. However, each firm also has a unique variety of other factors which conspire to weaken their respective stocks.

Investors should not be lured in by suggestions of outsized gains on implied rebounds. Instead avoid these stocks that are vulnerable to rate cuts at all costs.


AMC (NYSE:AMC) was one of the primary names during the Reddit meme stock era. That era is essentially over and what remains is the naked truth of its business.

AMC operates movie theaters that are struggling to find their niche in the new digital era. people simply are not going out to the movies as often as they did in the past. The long-term trends continue to point to the continued emergence of other modes of watching movies.

The problem won’t get any better for AMC in the immediate future. AMC posted $4.81 billion in sales during all of 2023. That figure is expected to shrink to $4.55 billion in 2024. Bullish investors could argue that AMC’s EPS losses are narrowing over the same period in order to make an argument in favor of investing. However, AMC is expected to continue producing losses through at least 2026. It’s all part and parcel of a larger narrative in which the movie theater industry continues to contract. That has been and will continue to be the primary reason to avoid AMC which is the largest theater chain in the U.S.

7 Once-In-a-Decade Buying Opportunities

Legendary investor Eric Fry has been right about a lot of stock picks. 41 recommendations that increased over 1,000%. Another 20 that went up more than 500%.

He’s good.

So if he releases a surprise list of 7 companies he expects to win big in 2024, you can’t afford to miss it.

Mullen Automotive (MULN)

Mullen Automotive (NASDAQ:MULN) continues to use naive investors to enrich its ownership. Those investors have become blind to the fact that the company has enacted three reverse stock splits over the last 12 months. They somehow continue to believe that the company will emerge as a legitimate EV truck and van manufacturer in the future.

Mullen shares themselves currently trade for approximately $4. However, that is simply a function of the arithmetic that governs stock splits. Most of the time investors understand that reverse stock splits are a desperate hail Mary to increase the value of share prices. The common result is that firms enacting reverse stock splits are usually punished. Yet, that doesn’t seem to be the case with Mullen Automotive which should trade for mere pennies by now.

Several of my colleagues have noted that the company continues to enrich its ownership. This is happening despite the horrendous underlying business. Do not reward Mullen Automotive’s ownership with your capital. It will not be utilized to enact a turnaround. Instead it will line the pockets of a CEO steering the company into oblivion. 
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