![]() ![]() On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. When it comes to Weber, prospective investors can conduct their due diligence on the company but then choose to stay out of the trade altogether. It’s more sensible to learn about a company’s fundamentals and then make an informed decision. ![]() Hopefully, they won’t lose too much money before they learn a valuable lesson about trading volatile meme stocks. Some amateur traders might buy the stock anyway, and that’s unfortunate. What You Can Do NowĪs an investment, WEBR stock isn’t justifiable because Weber isn’t succeeding as a business. CEO Alan Matula can boast that Weber is “the #1 brand and the global category leader in outdoor cooking,” but if you invest in the company now, you’re only likely to get burned. Furthermore, the company is cutting its workforce.ĭividend suspensions and workforce reductions aren’t typically signs of a thriving business. In case that’s not enough to scare you away, Weber expressed plans to suspend its quarterly cash dividend. This net loss translates to 41 cents per share, which is much worse than the net loss of 7 cents per share that analysts had anticipated.Īlso, Weber’s revenue declined from $668.9 million in the year-earlier quarter, to $527.9 million in Q2 2022. Weber swung from a $17.8 million net profit in the year-earlier quarter, to a $7.5 million net earnings loss in 2022’s second quarter. The heading of this section pretty much says it all. Weber Swung to a Net Loss and Suspended Its Dividend Just a little bit of due diligence could save you from a whole lot of financial problems. Moreover, be sure to investigate Weber’s fundamentals before taking a position. If you’re considering jumping into the meme trade and grabbing some Weber shares, just think about the volatility risk. So, the meme stock trade doesn’t always have a happy ending. However, Bed Bath & Beyond shares lost over half of their value on Aug. You may have read in the Wall Street Journal and Financial Times that a college student made around $110 million trading Bed Bath & Beyond (NASDAQ: BBBY) stock. It’s tempting to get caught up in meme stock mania. Therefore, it’s wise to refrain from investing in Weber now. ![]() More likely, this is all just part of the current meme stock craze. Is this due to company-specific news, such as a terrific earnings report? Not at all, as Weber has actually swung from a profit to a net earnings loss. In case the studio logo of a frowning crab holding a knife left anything to the imagination, they closed with “I f-ing hate it here.With hardly any warning, Weber (NASDAQ: WEBR) stock garnered attention among traders recently and catapulted higher. They pledged to sever the studio’s relationship with the publisher, Team17 Group Plc, unless Team17 abandoned its planned tokens, a collection of cutesy cartoon invertebrates called MetaWorms, based on a long-running series about annelids with heavy artillery. So, for example, when frying the chicken for Meme's Fried Chicken and Gravy, boneless, skinless chicken breasts. “We believe NFTs cannot be environmentally friendly, or useful, and really are just an overall f-ing grift,” Kaman and his co-founder, Caelan Pollock, said hours later in a joint statement condemning the decision. The NFTs would cost players real money and, he said, cost him both customers and his self-respect. (Upon his defeat, a message flashes across the screen: ASSET LIQUIDATED.) So Kaman was alarmed earlier this year when he learned from Twitter that Aggro Crab’s publisher, the equivalent of a record label in the games industry, had become the latest to try selling nonfungible tokens. “That was the whole joke.” One level requires players to traverse a dungeon where workers physically mine a substance called Styxcoin for their boss, the ferryman Hu$tlebone$. “A third of the game is us just attacking crypto,” he says. Its first major game, Going Under, is a broad satire of capitalism and startup culture, full of gags about the gig economy, data mining, and the blockchain. Nick Kaman’s video game development studio, Aggro Crab, has tied its image closely to making fun of cryptocurrency.
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