It went over 100 and now its down to 57. Its worth somewhere in the 10 area. So don’t think its worth 5 times its value. And if you buy it here you are not getting in on the ground floor. You are getting in near the top floor and the elevator is going down.
If trump does run for office he will need to sell any shares he owns. So it will go down again. If it does get down below 20 you may give it a shot. But now its worth about 6 times its value.
Book value is $10 per share. But media companies go for several times book value. DIS 3.68x book. If you exclude intangibles, DIS book value is $13.3 billion - in the red. NFLX - 18.84x book, tangible book $13.7 billion - in the red. Other media companies same. TWTR - 5.93x book - net tangible book $5.8 billion black. Market value - $42.5 billion.
DWAC - market value $2.03 billion - tangible book N/A. Was trading at $10 per share before hoopla, but no indication how much was raised for the company in the private and public offerings.
“If [T]rump does run for office he will need to sell any shares he owns.”
Barron’s reports, “In its merger agreement with a special purpose acquisition company, Trump’s media venture agreed to structure his role so that operations won’t get disrupted if the former president were to run for office...”
As I read that, a Trump run won’t mean a stock dump, because such a sell off would be disruptive. There’s another dimension to this, and it strongly hints that the structure will be held in some sort of an arm’s length manner that leaves Trump free and clear.
P