Recent comments in /f/wallstreetbets

mazarax t1_jeh2tpm wrote

Reply to Beyond Meat? by ScummyCivicOwner

First: Revenue stopped growing:

'22: 418,933

'21: 464,700

'20: 406,785

'19: 297,897

Second: They have never made a profit

Depending on what you have paid for it, I would exit. If you paid $100+, it is too late, you may as well hold it to zero. If you recently bought it, I would sell immediately, before it goes down further.

My simple rule of investing: a corp needs to be either growing, or be profitable. If it is neither, it is dead.

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tjonesmachine93 t1_jeh225l wrote

Reply to comment by Celtic_Legend in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover

Because banking is sticky. People are more reluctant to change banks than cell phone providers. Consider a big bank like BofA with $2T in deposits. Let’s assume 1/3 is just going to be your average Joe or Joe’s plumbing with 10-20k in checking accounts and another 20k in an emergency savings account. Those accounts are yielding 0.02% currently and have been (or less) for a while. So the price to service these accounts is 130M annually. If they were to just automatically pay a competitive 3-4%, that 130M goes to $20B. They know they are too big to fail and if they experience a run the fed will are in, which they have already. Large banks have literally no reason to pass along a good interest rate to customers bc, frankly, they don’t want their deposits.

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