What we’re chatting about this week
Get Started Investinghas a break this week as we refresh the feed before launching into a new format from next Tuesday!
We can’t give too much away, but it’ll be Bryce and Alec hosting as usual, just with a different spin on things.
In the meantime, why not listen to our latest episode of The Dive. We spoke about cosmetics giant Revlon declaring bankruptcy, but then their stock price surged 600% !? Listen to the episode to find out why
Hey this got us thinking…
On Friday’s episode of The Dive, we chatted about Revlon, one of the world’s biggest cosmetics companies, recently declaring bankruptcy. Their heyday was back in the 80s and 90s, but they haven’t grown their earnings for 20 years and haven’t made a profit for 6. The writing was on the wall – but how’s this… Revlon’s stock (NYSE: REV), went up over 600% after they announced they’d file for bankruptcy…
Why? Well, it seems Revlon may have become the latest ‘meme stock’. So we wanted to find out more about what a meme stock actually is.
That got us reading…
You might have heard of GameStop, AMC Entertainment and Bed Bath & Beyond – these companies have all had periods of being called a ‘meme stock.’ It all started back in 2020 – during the early stages of the pandemic, there was an influx of retail investors (like us) into the stock market and people attached themselves to certain stocks, even if they didn’t seem like the best investment…
This article explains exactly how meme stocks work and a bit of the history behind some of those names we mentioned.
[Read the article here]
And we listened to…
To get the full picture on Revlon’s story and why they surged 600% after declaring bankruptcy, listen to the full episode. Darcy and Sascha give a rundown of the whole industry and find out what might be next for Revlon.
[Listen to the episode here]
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