EXPR - Don't Believe the Hype | Benzinga
Another one of our Danger Zone picks is about to go to zero. This stock once traded as high as $511/share, and it stands as an excellent reminder of just how quickly and viciously the market can move on any given stock. And, I think there are more shoes to drop.
I think you'd be hard pressed to find a single investor who thinks the market is undervalued. Even harder to find someone who believes there are not terribly overvalued stocks.
We're not the only people raising red flags. CNBC warned in this recent article: "Retailers like Peloton and Saks keep paying vendors late, signaling possible ‘financial distress'". Uh, no duh. That's what happens when your business doesn't make any money for years on end.
Investors who held Express (OTC: EXPR) coming into 2024 got a big punch in the face this year. Express (EXPR) was one of the original meme stocks. As mentioned above, it once traded as high as $511/share. Now, it is below $1/share. The stock is down over 90% year-to-date.
Mike Tyson's famous quote "Everyone has a plan until they get punched in the face" is one of my favorites, and ...