“An absolutely awful business”: This company’s e-scooter went from $2B to bankruptcy in just two years. here are three slow-building firms that will not fail you
As far as feathered things in the world of finance it fell faster than a dodo flying on its own. With a value of more than $2 billion when it went public in it’s IPO, Bird fell to 70 million just 12 months after, and was removed by the New York Stock Exchange in September and went on to become in bankruptcy by the end of December 2023..
Oh The Bird droppings.
Bird was “too good to be true” written throughout the beginning. The CEO Travis VanderZanden was an exec at Uber famous for having one of the most disappointing IPOs of the time.
In May 2021, a couple of TechCrunch reporters reviewed Bird’s filings filed with the U.S. Securities and Exchange Commission and concluded: “Historically — and based on what we’re seeing in this fantastical filing — Bird proved to be a simply awful business… a company with a huge cost structure and unprofitable revenue.”
However, venture capitalists who are high-flying as well as common investors alike were involved in Bird fever, and lost a significant amount. If you’re looking to avoid this loss to your investment take a look at three companies which are able to fly higher (and more powerful) for a longer time.
1. Genuine Parts Co. (NYSE:GPC) is a dividend king is turning into an investment stock that is growing
As people have for food and water, people also require to ensure that their vehicles are running – in addition, GPC has been operating for more than a century, offering automobile parts under its NAPA trademark.
With the coming recession or rising inflation, and particularly in the wake of increasing prices for new cars GPC isn’t going to see the demand for its products diminish. In fact, for the past 67 time, GPC has increased its dividend, making its one of longest runs of dividend increases each year within the U.S. stock market.
Perhaps, GPC was penalized excessively for not meeting analyst expectations during the third quarter of 2013, as the stock fell nearly 13% the day of Oct. 18. But, Zacks Investment Research has declared GPC the top growth stock in the long-term based on projections that the company could have an increase in earnings of 11.3 percent in the fiscal year currently in.
2. Advanced Micro Devices (NASDAQ:AMD) Chips that won’t dip
People who were fortunate enough to invest on Advanced Micro Devices in 2023 have seen their stake in the chip maker rise around 140%, according to Google measures of its stock chart. Two news reports that this year covered the tale.
It was February when AMD shares surged by nearly seven percent after the company escaped the PC slump that hurt the rival Intel through gains in the booming marketplace for data centers. On December. 7 AMD shares jumped by nearly 10 percent following the launch of its brand-new MI300 AI chip, with Microsoft, Meta and OpenAI all set to utilize the chip, Investopedia reported.
This isn’t to say that AMD is coming in out of thin air. Since its inception in the year 1969 AMD is witnessing its share prices increase by 700% in the last five years, based on Google measures of the stock’s chart. With US President Biden taking the CHIPS and Science Act into law in August 2022, AMD and other semiconductor companies will benefit from the $39 billion in government subsidies set aside for chip manufacturing in the U.S. soil.
3. Tesla (NASDAQ:TSLA) Sparking an upswing
Confident, egocentric and likely opening his mouth in the exact moment to put his foot into his mouth Elon Musk’s not an person to admire as a businessman. However, people love electric vehicles Tesla makes and the company has found itself perfectly positioned to profit from the rapid growth in the sector during a time of carbon emissions and the fossil fuel transition.
With shares rising more than 130% by 2023 Tesla has been rated as an “buy” or “overweight” by the 20 analysts who were polled in The Wall Street Journal with only six of them recommending to be a sell. Tesla has had a few problems due to the company’s Autopilot software, which was involved with more than 700 crashes since the year 2019 as per an study by the National Highway Traffic Safety Administration information by The Washington Post.
However, where several highly overhyped EV manufacturers have seen their businesses fall -such as Nikola as well as Lordstown Motors among them -but Tesla is still asserting its supremacy in the field. Despite the hordes of competition from automotive manufacturers Tesla is still the dominant player with 50 percent from the U.S. electric vehicle market, according to Kelley Blue Book.
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