Top 5 Stupidest Publicly Traded Companies

George Kush
Rank: King Kong | banana points 1,077

I was screening for new l/s ideas yesterday and forgot to filter market cap. Some hilarity ensued, and having a minute this morning, I figured I would share this collection of monkey shit. Yes, these are/were real companies and you can look them up on Cap IQ if you want.

5. Reality Racing (OTCPK: RRGI)
RR

Would love to know the story behind this one...

4. MarilynJean Interactive (OTCPK: MJMI)
MJMI

Sounds fishy to me.....

3. Professional Diversity Network (NasdaqCM: IPDN)
IPDN

If you weren't sick to the back teeth about being brow beaten constantly about diversity, you can now invest in it...

2. H3Enterprises (OTCPK: HTRE)
3ent

This link says it all:

  1. Bigfoot Project Investments, Inc. (OTCBB: BGFT)
    BFT

Yeah yeah before you start getting off in the comments about how only 8% floats... the market cap is still as stupid as the pursuit

PS efficient markets my ass... and before you start stroking yourself to how well you did on your last finance exam and start lecturing me about market cap & liquidity vs. efficiency go to your local grocery store, buy some Freshpet (NasdaqGM: FRPT) dog food for $80, eat it, and then you go put your money in a company that sells human grade dog food at 50x TEV/EBITDA

Have nice day.

Comments (55)

Best Response
Mar 14, 2017

When they discover Bigfoot you will be jealous that you missed out on this opportunity. My understanding is that the squatch shits gold and pisses light sweet crude.

Only two sources I trust, Glenn Beck and singing woodland creatures.

    • 19
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Mar 15, 2017

Boys, we are officially dealing with . . . a fucking samsquanch. Looks like a ten footer by the looks of that stuff. Boy I hate those smelly bastards . . .

"The problem with Socialism is that eventually you run out of other peoples money"

  • Margaret Thatcher
    • 3
Mar 15, 2017

"Oh it's just a big stoned kitty."

Only two sources I trust, Glenn Beck and singing woodland creatures.

    • 2
Mar 17, 2017

@Jim_Lahey Curious to hear your thoughts on the samsquanch

Mar 17, 2017

The samsquanch is nocturnal by nature, so logically there would be relatively few sightings. Yet there have been literally hundreds of sightings all across North America for generations now. I hate those fucking hairy bastards.

I AM THE LIQUOR

    • 1
Mar 17, 2017

Frig off Mr. Lahey!

"The problem with Socialism is that eventually you run out of other peoples money"

  • Margaret Thatcher
    • 1
Mar 17, 2017

Guys! I was looking for a good Ricky quote to reply and I found this

http://trailerpark.wikia.com/wiki/Rickyisms
jesus christ this shit is funny, i cant breath

Mar 17, 2017

Those guys must have a blast coming up with this shit, probably just sit around a table blazing.

I remember when I first watched this episode I fucking died laughing when Bubbles mouths "OH MY FUCK"

"The problem with Socialism is that eventually you run out of other peoples money"

  • Margaret Thatcher
    • 2
Mar 17, 2017
whitecollarandsuspenders:

Those guys must have a blast coming up with this shit, probably just sit around a table blazing.

I remember when I first watched this episode I fucking died laughing when Bubbles mouths "OH MY FUCK"

Samsquanch - Trailer Park Boys

I love it ! I did however cut back on watching it as I felt my brain cells decaying.

What comes around is all around.

    • 1
Mar 17, 2017

I'm not the kind of person to say a-toad-a-so, but you know what? A-toad-a-so! A fuckin' toad-a-so!

I AM THE LIQUOR

    • 1
Mar 14, 2017

I wonder why Aerotyne didn't come up? It's awaiting imminent patent approval on next-generation radar detectors that have both huge military and civilian applications.

    • 9
Mar 15, 2017

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

    • 2
Mar 17, 2017

Two brothers?

Mar 14, 2017

SB's to anyone who shorts any of these and reports the results.

    • 1
Mar 14, 2017

Bought 1,000 shares of IPDN to diversify my portfolio...ha, get it?

    • 3
Mar 14, 2017

Anything based out of Florida is a scam. Nearly every investment fraud story starts with some location in Florida.

26 Broadway
where's your sense of humor?

    • 15
Mar 14, 2017

And serial killer too LoL

Mar 14, 2017
TippyTop11:

Anything based out of Florida is a scam. Nearly every investment fraud story starts with some location in Florida.

A sunny place for shady people

Overwhelming grasp of the obvious.

    • 3
Mar 15, 2017

Nice. Seriously though, I was watching some CNBC show called: "Scams, Scoundrels, and Suckers," every plot began in Florida (mostly Miami and Boca Raton).

26 Broadway
where's your sense of humor?

    • 1
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Mar 14, 2017

Take a look at TLLT. Someone sent them to me recently because they are, in theory, a competitor. Had never heard of them. I was surprised when I noticed their $90M market cap...curious, I pulled up their latest 10q. Revenue = $0, cash = $6k and current payables = $200k. Seems legit, where do I invest?

    • 3
Mar 14, 2017

LMAO! Just one big bear flag since IPO. When's delisting? What a joke.

    • 2
Mar 14, 2017
PointPleasant:

LMAO! Just one big bear flag since IPO. When's delisting? What a joke.

The funniest part is that it's somehow run up on no real news! They claim to have signed their first commercial contract, and in reading an article on it...they are making $175 per month (not thousands or millions, $175). That's a sick revenue multiple.

    • 1
Mar 14, 2017

Wow, $175 a month, steady, stable, and gdammmm sexy! LoL ... No wonder half these companies enlist in the services of paid pumpers

    • 1
Mar 14, 2017

TONS of stupid publicly traded companies. Check out a delisted sucker called Motivating the Masses MNMT. Dafuqqqq? I'm frankly rather embarrassed for them.

    • 2
Mar 14, 2017

Someone is dumb/gullible enough to invest in anything. Especially when you got the Jordan Belforts of the world out there peddling these.

Mar 15, 2017

Look at CSLGBT, it measures the performance of US companies recognized for supporting and promoting equality for members of the Lesbian, Gay, Bisexual, and Transgender community.

    • 1
Mar 15, 2017

So I looked this up. It's basically an index of LGBT friendly companies and when you google it you get wall to wall spin stories like this one: http://www.hrc.org/blog/credit-suisse-index-streng...
Yeah... Underperformed the S&P 500 on a 10 year horizon by about 220 basis points....

Overwhelming grasp of the obvious.

Mar 15, 2017

$NDLS Noodle & Co.
It's hilarious. These guys just punch out noodles in retail shops with 800 square feet or maybe 1,000 square feet. They sell basically, my words -- not theirs, high sodium noodles. People are addicted to it. stock is down over 90 percent and lost a billion dollars in market cap. $100m current valuation

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

Mar 15, 2017

Did all the work on it already. Totally stupid and near restructuring if I recall correctly. But we couldn't get a borrow... -_(tu)_/-

Overwhelming grasp of the obvious.

Mar 15, 2017

$NDLS Noodle & Co.
It's hilarious. These guys just punch out noodles in retail shops with 800 square feet or maybe 1,000 square feet. They sell basically, my words -- not theirs, high sodium noodles. People are addicted to it. stock is down over 90 percent and lost a billion dollars in market cap. $100m current valuation

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

    • 1
Mar 16, 2017

Noodles and co makes 400 million dollars more in profit than Snapchat on the same revenues

    • 2
Mar 16, 2017
Pio nono:

Noodles and co makes 400 million dollars more in profit than Snapchat on the same revenues

Lol this has got to be one of the stupidest comments I have ever read on WSO. Snap also has close to $1B in cash and little debt. Noodles doesn't make enough CFO to cover it's capex, even when you adjust out for lower capex in the future. Snap reaches an elusive demographic.... Noodles serves... noodles in a bowl.. It also has over $400M in contractual obligations on a company that is just a $115M market cap and makes just $25M in cash from operations.

Really they are both stupid but apples & oranges... I'd stick to commercial banking tho

Overwhelming grasp of the obvious.

    • 2
    • 3
Mar 16, 2017

SNAP is an awful investment at its current pricing. I really wanted to short it after the first day but didn't want to get caught up in the markets love for a new tech company.

Do they have a good product? Maybe. Is any company worth 20x+ revenue? Not in my opinion.

    • 1
Mar 16, 2017

Same problem with shake shack

Overwhelming grasp of the obvious.

Mar 20, 2017

I'd say he mentioned a pretty good metric, not the end-all-be-all on why you should put your life savings into NDLS. No need to go turbodouche and knock a guy's career.

    • 1
Mar 16, 2017

My toddlers LOVE Noodles & Co. Granted when I take them there they rarely even get a noodle on their plate - only get Chicken breast or sometimes mac & cheese with broccoli and apples, but they're insane over that place.

twitter: @CorpFin_Guy

Mar 16, 2017
accountingbyday:

My toddlers LOVE Noodles & Co. Granted when I take them there they rarely even get a noodle on their plate - only get Chicken breast or sometimes mac & cheese with broccoli and apples, but they're insane over that place.

Funny you're not even in their target demographic. But I'd take them there while you can because I wouldn't be surprised if it goes belly up or is in restructuring in 24 months.

Overwhelming grasp of the obvious.

Mar 16, 2017

I know. We probably go once a month. When my kids beg for a chicken breat, broccoli and apples they'll get a yes from me every time.

Its funny, I primarily go to 2 different locations - one is always PACKED and the other is completely dead.

twitter: @CorpFin_Guy

Mar 21, 2017

What blows my mind about this story is that NDLS was backed by Catterton Partners (basically LVMH group) and PSP Investments.

Mar 15, 2017

Bigfoot is exactly the type of investment I've been looking for to diversify my shipwreck-salvage portfolio

    • 4
Mar 15, 2017

Oh yeah forgot to mention Odyssey Marine.. They ain't gonna be around much longer

Overwhelming grasp of the obvious.

Mar 15, 2017

nah dude Don Diego is gonna come through. i'm staying long

Mar 15, 2017

I'd like to know which bank took these guys public? What was the road show like? What poor schmuck has these IPOs as deal experience on their resume?

So many questions...

Mar 15, 2017

I believe it was @vik2000

Overwhelming grasp of the obvious.

Mar 15, 2017

Probably a Reg A/Reg A+. Getting listed on the OTC/BB markets isn't tough..

    • 1
Mar 21, 2017

Most of the shady public companies I have seen went public through a RTO (reverse takeover aka reverse merger).

It happens often in Canada/Toronto and most RTOs of this caliber have a hilarious ending.
The popular scams are the ones that revolve around "gold/platinum exploration".

Mar 15, 2017

@AndyLouis any thoughts on taking WSO public? Hell if the above examples could at least you guys have a steady income stream!

    • 1
Mar 15, 2017

Never seen JAMN?

Mar 15, 2017

I'd say TSLA raising $1Bn today and investors buying it up to $260+ from $252 is one of the stupidest things ive seen.

    • 1
Mar 15, 2017

So Bigfoot DOES EXIST!!

"There's nothing you can do if you're too scared to try." - Nickel Creek

Mar 16, 2017

Twitter!

Mar 17, 2017

What's DCF though? Please advise

Need to make an informed decision on these names

Thx

Mar 19, 2017

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Mar 21, 2017

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

Sep 22, 2017