Posted on 05/31/2023 4:03:10 AM PDT by cotton1706
There is more trouble for Target shareholders who continue to bear the brunt of the Pride merchandising controversy, and other efforts, which erupted earlier this month.
Shares fell another 3.66% on Tuesday, marketing the eighth straight decline and lopping off another $2.4 billion in market cap, as tracked by Dow Jones Market Data Group.
Since the backlash, the market value has fallen over $12 billion to $61.77 billion as of Tuesday's closing price. Mid-month the market value was over $74 billion.
The hammering has also put the stock on the longest losing streak since November 2018, leaving shares at a fresh 52-week low of $133.88 per share.
snip
Separately, the retailer's Gay Pride collection has been linked to controversial designer Abprallen's Erik Carnell, who is an outspoken Satanist whose brand features occult imagery and messages like "Satan respects pronouns" on brand apparel, Fox News Digital reported.
He is also known for aggressive messaging and phrases, including "Burn down the cis-tem," which have been featured on the website along with one that says "homophobe headrest" with an image of a guillotine.
More recently, Fox News reported Target partners with a K-12 education group which focuses on getting districts to adopt policies that will keep parents in the dark on their child's in-school gender transition, providing sexually explicit books to schools for free, and integrating gender ideology at all levels of curriculum in public schools.
(Excerpt) Read more at msn.com ...
Wondering if this will spill over to T.J Max, Home Goods and Marshalls. They are all business under the same Target ‘umbrella’.
Ouch!
Talk about painting a Target on your own back.
A stock market savvy short seller might make a good living by trading on the latest corporate ‘woke’ celebrations.
Good to hear!!!!!!!
Woke is costly. The folks are tired of this stuff being thrown at them. I’m all for Heterosexual Pride.
Liberal ideology is vomit
People are sick of the month of Father’s Day being converted to the month of shiving perversion into everyone’s faces. If I see a pride sign on your store, I’m not going in at all. If I see pride promotion in your store, I’ll leave immediately. Then I’ll spend my money at a humble store.
C’mon gays, trannies, groomers and pedos, go spend money at Target and save your beloved company.
Now we know the “Target” is a giant anus.
There is a heterosexual pride flag, I have one and it’s going up today. It’s black and white stripes only.
[Target losses swell to $12.4 billion, shares hit lowest since 2020]
Excellent news.
[(America Owes Anita Bryant An Enormous Apology)]
A couple of weeks ago I ran across the Sean Penn film. He’s portraying HM. I had no idea that HM had targeted Anita that much.
I’m sure she’s just fine these days.
They still have a ways to go. I hope they go bankrupt.
Target is a French company, and I’m sure their social causes are more important to them than their US business.
$34 is peanuts. The company’s revenues are not tied to stock price, typically only executive retirement plans are affected some by the price.
Just say No To TAR-GAY!
And BTW, stock prices don't fall in a vacuum. They fall because investors expect a future decline in earnings/revenues/performance.
If you think that then you do not understand the stock market. The market is not a result of performance but on Market Makers that move the market, and a little of a popularity contest.
No one makes money back from stocks, only on the baseball trading card philosophy of hoping someone buys your shares for more than you paid, or in the case of shorting the idea a stock may fall. Stocks are not investments, they are gambling. Fundamentals of revenue and performance mean nothing; hence the insane PE ratios.
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