Newsmax's (NMAX) IPO: A spectacular phenomenon with questionable valuation, but a clear MAGA top trade!
The Newsmax stock is a fascinating speculation that currently benefits from the Trump euphoria, but completely defies fundamental valuation criteria!
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I am astonished by the historic IPO of the Donald Trump-friendly TV network Newsmax. What we are witnessing here is a valuation explosion beyond all reason. From the issue price of 10 USD to over 233 USD in just two trading days – that’s an increase of 2,230%! CEO Christopher Ruddy now holds shares worth 9 billion USD, while the right-wing TV network has a market capitalization of 32 billion USD, making it more valuable than Fox . However, this valuation is not in line with the fundamentals: with an annual revenue of only 156 million USD, Newsmax...
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