I see a lot of hatred out there for 3 specific stocks, one primarily because Pizzagaters suspect some form of human trafficking is taking place there, via over priced items on their site. But we will not delve into that now.
What’s important to note is the behavioral shift in consumers, a seemingly CASH LESS society. It has gotten so bad, Sec. Mnuchin is asking Americans to hand in their coins in exchange for bills. We have a coin shortage.
If you have extra coins at home, please use them to make purchases— or deposit them at the bank or exchange them for cash. Help get coins moving! ??
— Steven Mnuchin (@stevenmnuchin1) August 11, 2020
Shares of OSTK are +1,563% YTD
W +243%
ETSY +196%
and SQ +143%
Before you throw your hotdog at the screen, take a look at their revenue spikes.
Cash flow rich.
Former CEO of OSTK sold last year — fucked.
He cleared $100m last year. Had he held, it’d be worth ~$681m
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One solution to the coin shortage would be for the FED to open their own Coinstar type machines all over the place and their would be no fee for exchanging the coins for bills.
A sure winner.
Yes, I am a true American.
ALL COINS BESIDES QUARTERS WILL NO LONGER BE LEGAL TENDER BY 1/1/21.
Problem solved.
OSTKO (OSTK preferreds) is the play. Same rights as OSTK common shares, but comes with a dividend. Only issue is liquidity and not available for trading at all the brokerages. OSTKO is trading at a 38% discount to OSTK common, but gap should narrow over time. You’re welcome.