Stinky Stonk

Anatomy of a nightmare investment that's poised to get worse

“I just try and avoid being stupid.” – Charlie Munger

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You could tell by the smell that this stock would go to hell.

The roughly 600,000 investors who piled into this money-losing debacle should have learned upfront that the company:

• Loses millions of dollars each quarter.

• Went public through a reverse merger with a shell corporation.

• Does not have a long history of providing audited financials because it did not go through the rigors of an initial public stock offering.

• Would be driven by enthusiasts rather than fundamentals.

• Involves a businessman who ran six other companies into bankruptcy and was under investigation for falsifying business records.

• Uses the losing ticker symbol DJT.

The last company that used DJT as a ticker symbol was Trump Hotels & Casino Resorts, which plunged into penny stock territory and left investors and creditors with mountains of defaulted debts.

The latest DJT is already down more than 77% since hitting its blustering heights shortly after it began trading publicly on March 26.

Take a tip from “The Halfwit’s Guide to Stock Market Investing.” If a businessman has a long history of filing corporate bankruptcies, don’t buy his stock. Just don’t.

The numbers don’t lie about Trump Media stock, and if you bought it, you know it. (Illustration: AI generated.)

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