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If he means the equity is worth 0, then the point still stands. The bond holders would get it.
by ghazak 9y ago
If he means the equity is worth 0, then the point still stands. The bond holders would get it.
- toomuchtodo 9y agoA broken clock is right twice a day.
- paulpauper 9y agoThis guy has been negative about tesla for years. he needs to be held accountable for being wrong.
- grzm 9y agoIs there a service out there that does rate market/tech prognosticators like this? I agree it'd be useful. There are similar ones for, say, politicians or media in general, but I'd like to see an industry-specific one.
- xkjkls 9y agoI think a service like that misunderstands investing. The old Druckenmiller quote goes, "it doesn't matter how often you are right or wrong; what matters is how much money you make when you're right, and how much money you make when you are wrong." Has Tesla's stock price defied gravity up until this point? Sure. But eventually it's going to need some real reason why it's the most valuable car company in America. And, as it's bond prices are showing, there are some serious existential risks to its business. A short still makes way much more sense here.
- grzm 9y agoI think it's fair to take that into account as well, but it's a different measure. One can be interested in accuracy independent of payoff (which of course would be important in investing). A key piece that's missing is the number of failures. People pay attention to the successes.
- xkjkls 9y agoTrue, but valuations and predictions don't always follow a simple "right vs wrong" paradigm.
- ethbro 9y agohttps://www.cxoadvisory.com/gurus/ https://www.cxoadvisory.com/gurus/ There are various services (e.g. StarMine) that seek to rate actual (e.g. professional) analyst firms. But generally speaking, nobody's abnormally right over the long term.
- grzm 9y agoThanks! Do you happen to know one related to tech predictions? I'm thinking of non-stock related predictions, like "X is working on Y feature to be released by Z".
- executive 9y agotipranks.com
- princeb 9y agoif he's wrong, he's going to lose a lot of money. i think that's about as accountable as it can get. at least this guy puts his money where his mouth is.
- lafar6502 9y agoWhy? Is being pessimistic a crime? Or just negative opinion about some companies should be forbidden?