#20

Tuesday, March 8, 2022

**NOTHING HERE SHOULD BE CONSIDERED INVESTMENT ADVICE!!**

Are you looking for the next big meme stock? Billionaire Chewy founder, Ryan Cohen (and current Chairmen of GameStop), announced a 10% stake in Bed, Bath and Beyond and says he wants changes made asap (….as covered yesterday, this is another example of an activist investor). And as of yesterday morning BBB was up 40%.....much thanks to Cohen’s follower base/retail investors.

Is this another meme stock that’s about to shoot to the moon? Hard to say. On one side, I can appreciate the lovely warm caramel vanilla sugar cookie hand lotion that they’re likely selling. And for the record, I support the rights of all middle school aged girls to make a statement by purchasing these awful smelling lotions.

As mentioned prior, I do believe in the need to ‘risk it for the biscuit’, but perhaps more of a balanced risk approach. This just isn’t something I’m interested in dabbling in from a stock perspective……yet! As we’ve learned with a few of the other meme stocks…..high risk, high rewards…..potentially. AMC | GameStop | Bed Bath and Beyond

So, what will inevitably happen with BBB’s stock price? As always…..time will tell.

The Rise and Fall of.....pandemic stocks. Over the last year and a half there are several other stocks that were once thought of as the most beautiful things we had ever seen. But now some of these same stocks are facing an unfortunate identity crisis. They climbed to unforeseen highs……and now experiencing painful lows. Here are a few tasty examples of companies who have experienced both boom and bust….

• Stitch Fix: experienced a boom of roughly $113/share in Jan 2021, now down 90% since and now floating around $11/share. Ouch.
• Fiverr: while still up from it’s pre-pandemic highs, it’s currently off around 80% from the peak in February 2021…now at around $68/share.
• Then there’s Zoom. The company who became so popular during the pandemic it quickly transitioned to a verb! They shot up 440% at their peak and are now also basically flat to pre-pandemic level.
• And lastly, there’s Peloton…..who when compared to their pre-pandemic price soared up to around 650%. If you widened that view through today…..they are basically flat to pre-pandemic levels. Wow.

So what other companies should we be considering in this environment? Well, we recently touched on some good energy companies to be consider (e.g. Chevron and Occidental). But beyond that, cyber security companies are worth a look!

These companies are super-hot right now. Simply put, they can prevent cyber-attacks as well as act immediately should an attack be encountered. These stocks are like the Brittney Spears and Jennifer Love Hewitt’s of the late 90’s and early 2000’s……commanding our love and attention!

If interested to know which companies are the best to invest in CLICK HERE. 😊

And like Brittney and Jennifer, I’m definitely not saying these companies are not still beautiful….you could argue most of them still are (given they’re mostly bigger than they were two years ago.) They’re just not experiencing the same level of fame and fortune they once did!

Even though we’re Boneless Wings, today we are spotlighting the Queen of Thighs. That’s right, Suzanne Somers and her ThighMaster exercise thingy launched in 1991. And recently she revealed that it wasn’t just a gimmicky product. In fact, much more lucrative than most people would think! They apparently sold 6 million units within the first 18 months of launching. Ms. Somers went on to say….

"It’s $19.95 x 10 million [products sold], so you kind of do the math, and we’re probably at 15 million now," on Dax Holt and Adam Glyn’s podcast.

$300M.....come again?? $300M for the ThighMaster thingy? Holy schnikes!! And she and her husband apparently own 100% of the company. Good for her!

Lastly, I’m heading out of town with the family for some Spring Break R&R. There’s good news and bad news here.

Per usual, bad news first……likely no more Boneless Wings this week. Just assume, like the rest of your life right now, there’s a boneless wing shortage associated with the current global supply chain issues.

Good news, I’ve joined bar owners across the world and will be enjoying some Kyiv Mules while I’m away!

Cheers my people!!

Deuces. ✌️