Have you heard about the IPO of Canada Goose and Snap (parent company of Snapchat)?
Both are coming, with crazy valuation and questionable products.
Snapchat : An app with which you apply a filter on your face to look retard, recording a short message to send to your contacts. I know that nobody reads blogs anymore. And nobody sends personal messages via Hotmail anymore. Everybody's looking for something quicker and quicker. Like a texto. So, a quick video fits with that era in which we live. But stupid things without any meaning serve which purpose? Entertainment? Yeah, right, but I can't believe that anybody could use that app for 5 years and still be excited about it, even with 2 billion new filters. I may be wrong, but I'd rather stay with retail or healthcare business that exist to make money.
Anyway, if you're a big fan of that app and you think about investing a few thousand dollars with that stock, please read the following line:
Like many burgeoning tech startups, Snap warned that it “may never achieve or maintain profitability.”
LOL. What a FUCKING joke. Who would invest in that stock after reading that fucking line?
And now, Canada Goose : 550$ coats with fur from coyotes or some vanished species (dodo, mammoth, whatever). I thought all they sold was these expensive coats but it looks like their catalog has increased lately. But, their most popular stuff remains those coats.
Who will fucking buy these in California or in the United Kingdom? Only people living in a polar climate, like us, fucking canadians, have some interest in buying expensive coats. Well, for myself, I can’t buy something more expensive than 150-200$. It’s absolutely crazy to pay something like 550$ for a fucking coat.
Some would say : « But it’s the warmest coat on the market! ». I’d answer that, with a regular coat, I’ve never shivered. I only shiver when I don’t wear gloves and a hat and it’s fucking minus 30 degrees celcius. My belly button never shivers. Anyway, if you like to invest in luxury brands, just take a look at what happened with Coach and Michael Kors. They always go out of fashion, sooner or later. So, why would you pay something like 60 times actual earnings for something that will inevitabely fade away?
Even with great products or great companies, IPO's are usually something to avoid. Except for very few exceptions like Mastercard, Visa and Dollarama, it's usually a very very bad idea to buy something at 40-50 times earnings.