When a single Tweet can sway millions of hearts (and billions of dollars), it’s the social media savvy management teams that will ultimately succeed. These star CEOs have turned ordinary ventures into extraordinarily well-funded tech startups.Īs 2022 rolls around, investors should expect the pattern to continue. Meanwhile, organizations like GameStop (Ryan Cohen), Tesla (Elon Musk), AMC (Adam Aron) and the Ethereum Foundation (Vitalik Buterin) continue to shine. Their management has also largely avoided raising extra capital to fund growth. Ask the average investment Joe/Jane to name any of their CEOs, and you can expect a blank stare. In every case, management has failed to grasp the importance of meme investors. It’s as if the meme stock revolution never happened for BBBY.Ĭontext Logic (NASDAQ: WISH). Its $1.5 billion market capitalization now makes it comparable to non-meme rival Williams-Sonoma (NYSE: WSM) on a forward price-to-earnings basis. Last week, shares in Bed Bath & Beyond (NASDAQ: BBBY) sank to their pre-pandemic (i.e., pre-meme) levels. On the flip side, companies without marketable CEOs have seen share prices fall straight back to earth. Source: Catalyst Labs / Meme Stocks Without Meme CEOs Aron will have a few more tricks up his sleeve to help prices recover.īottom line: AABB is a meme stock ready to pop investors should wait for the $10 to $20 range to start speculating in AMC.Īn illustration of a cat with an upset facial expression in a bathtub labeled "BBBY". And should AMC’s share price falls into the teens, you can bet that Mr. Spider-Man’s success will be followed by other safe-bet sequels like Top Gun and Black Panther. Yet 2022 looks set to become a box-office stunner.
And even now, AMC’s current $27 price tag still represents a 70x multiple over its estimated free cash flow. Those who bought in over the summer would have seen a 62% loss. Of course, not every investor has won the AMC stock game. Who would have imagined a firm on the brink of bankruptcy in 2019 could make such a stunning financial comeback? The company has used its absurdly high share prices to raise $2 billion in fresh capital, pay down debts and beat out GameStop (NYSE: GME) to become the best-performing large stock of 2021. Pandering to the masses has been a game-changer for AMC (NYSE: AMC). Incredibly, they already account for 14% of our total online transactions!” Mr. “We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. And at 67 years old, “Silverback” (as he’s known among retail investors) is exactly the kind of CEO squarely in the crosshairs for RadioShack’s pivot to blockchain. Theater chain CEO Adam Aron has proved himself an expert at playing the meme crowd. The company’s management has played investors before they will likely do so again. At least we’re still up 45%.Īs Reddit investors continue hunting for “the next big thing,” don’t be surprised if AABB makes a second push for $1. Prices peaked at 33 cents over the holidays (a 200% gain!) before pulling back to 16 cents. And AABB’s past “pivots” highlight a management team willing to do - or say - anything that works.ĪABB has since been picked up by users on Stocktwits, a popular investing forum. The reason was simple: some CEOs are consistently able to drum up investor excitement. When other unknown firms like Hello Pal International (OTCMKTS: HLLPF) can rise 4,500% after announcing cryptocurrency dreams, why wouldn’t companies like AABB do the same?” “For Reddit investors seeking a thrill ride, the long-term truth might not matter. The firm, of course, had more red flags than a slalom skiing course: The Las Vegas-based gold mining company had largely given up on its supposed Mexican gold mining operations and was moving into gold-backed cryptocurrency instead. I first picked out Asia Broadband when prices were at 11 cents. That’s the main reason I introduced Asia Broadband (OTCMKTS: AABB) as a crypto play to buy last September amidst an OTC shakeout. Social media savvy CEOs are steering their followers to big gains. Palihapitiya’s health insurance company).ħ Cheapened Stocks to Buy As We Ride Into 2022 Don’t have enough for a $94,990 car? How about buying $500 worth of fractional shares instead? (The logic also sadly applies to Mr. CEOs from Social Capital’s Chamath Palihapitiya to Tesla’s (NASDAQ: TSLA) Elon Musk have dazzled a whole new generation of people looking to get rich. Radioshack isn’t the only company trying to court millennial investors for money. An illustration of an astronaut holding a boombox and making a peace sign.