> It’s a milestone for Tempe, Arizona-based Carvana, which has jumped to around $400 per share currently from a 2022 low of less than $4 — a 10,000% gain — as its efforts to cut costs and restructure debt have helped boost earnings.
That restructuring of debt means punting it off to shell corporations, literally a key part of what Enron was doing.
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Definitely not the next Enron.
> It’s a milestone for Tempe, Arizona-based Carvana, which has jumped to around $400 per share currently from a 2022 low of less than $4 — a 10,000% gain — as its efforts to cut costs and restructure debt have helped boost earnings.
That restructuring of debt means punting it off to shell corporations, literally a key part of what Enron was doing.
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share reportThe entire crop of companies being added to the S&P index are a joke.
- APP: should be investigated by the SEC for scamming customers (nothing they do is artificial intelligence, they outsource to India)
- COIN: income is from crypto holdings
- DASH: how are people still paying for burrito taxis when they can't afford rent
- HOOD: has become a gambling app
- TTD: down to $40 from $150 a year ago, how does this even qualify?
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