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It’s an intriguing idea. Whether the product will work as expected as a mass market offering remains to be seen. To that point, last quarter, Safety Shot generated just $484,000 in revenues while losing more than $7 million overall.
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In any case, after rallying more than 90% over the past 12 months, CCJ stock is selling for a stunning 70 times forward earnings. Buying mining companies at a 70 price-to-earnings ratio (P/E) almost never works out well in the long run.
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And Royal Caribbean itself suffers from rising interest rates, given its $18 billion in long-term debt and more than $28 billion in total liabilities. This makes RCL stock an awfully dangerous one to hold going into a potential recession.
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AMC’s recent quarterly earnings were better than usual, with the company generating a small profit for once. But movie attendance remains down 16% compared to 2019 levels. That’s even with several hit movies over the past quarter.
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Draftkings is making progress, to be sure. But the firm lost a stunning $1.0 billion over the past 12 months.
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Though Kinder Morgan has sold some assets and paid down a bit of its debt, it still has $31 billion of debt on the balance sheet. A sizable chunk of that comes due over the next year.
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The fast casual market dining market is far more competitive than it used to be. And inflation and economic strain are putting pressure on consumers. Given Cava’s sky-high valuation ratios, it seems likely that CAVA stock will flounder in coming years.