Crumbs bake shop: Bad investment?
So apparently Marcus Lemonis, host of the show "The Profit" Is looking into investing in Crumbs bake shop and pull it out of bankruptcy. If the name doesn't ring a bell, he is responsible for bringing dippin dots out of bankruptcy back in 2012. Since noon the stock price has shot up to $0.50, from the previous open price of $0.03.
I wanted to see what you guys thought of this from an investment standpoint. it seems like if lemonis takes over, he has a track record of bringing companies out of bankruptcy and into profit.
http://online.wsj.com/articles/investors-circle-shuttered-cupcake-chain…
From a value investing standpoint you should ignore this stock. I haven't looked at the financials but i'm guessing the current price is far overvalued because of this news.
So yes buying this is not an investment but a gamble.
Up 1300% today. Long 4 lyfe
long diabetes
delete
If you bought today you were taken to the wood shed
Mostly this kind of investment is very bad on comparing to other. As per Indian Stock Market there is some best investment area available now.
This thread has me craving a Crumbs cupcake...real talk
Unless you are a day trader, I wouldn't play with Crumbs anyway. It's delisted now and a OTC stock, volatile and who knows where this ends up long term.
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