Given the stock cratering (-19%+ in the last 30 days, 7%+ yesterday alone) I expect this will reverse in short order....but we’ll see.
I looked at the 5 year stock chart for CB. In the first four years it was a steady rise from $130 to $270, just over 100%. In the last year it has been up and down and almost flat for the year.
“Given the stock cratering (-19%+ in the last 30 days, 7%+ yesterday alone) I expect this will reverse in short order....but we’ll see.”
I LOVE IT. Target went for years insulting their customer base and nothing happened to their stock - now stock holders know that they’re ONE TWEET (Trump Tweet) away from taking a bath if they don’t get out quickly, so they did.
The question now is whether they can recover. Us conservatives are a forgiving bunch, so if they fire the right people, apologize, and try to reconstruct their restaurants (at least go back to the old logo), they might survive this. Otherwise, they’ll be like Bud Lite, with conservatives looking funny at them every time we see them.
I went there...... once.