You adjust to +4?$30,000 Millionaire said:
you guys know what happens next.
You adjust to +4?$30,000 Millionaire said:
you guys know what happens next.
Brian Earl Spilner said:
Well glad I finally pulled the trigger on MSFT, even if way later than I should've. Got in at $357.
$30,000 Millionaire said:
I brought ENVX, DATS, and CEI to this board. All of which at least doubled from the point I mentioned.
Today's mid-day massive rip was due to news that MSFT is raising prices on AI products. Nasdaq was struggling this morning before the news, due to the tech names lagging the rest of the market.10thYrSr said:Brian Earl Spilner said:
Well glad I finally pulled the trigger on MSFT, even if way later than I should've. Got in at $357.
MSFT I think just cleared the hurdle to acquire Blizzard. Maybe that is the bump?
10thYrSr said:
With my last post in mind, anyone have 10 dollar or less stocks they are looking at for quick 20 percent growth?
BaylorSpineGuy said:Boat Shoes said:
I would have assumed we'd see something on financing out of WWR by now...
"A mine is a hole in the ground owned by a liar." - Mark Twain
Lol OA and a few others have killed it in this stock, but it's a dog to be sure.
10thYrSr said:
With my last post in mind, anyone have 10 dollar or less stocks they are looking at for quick 20 percent growth?
ryanhnc10 said:10thYrSr said:
With my last post in mind, anyone have 10 dollar or less stocks they are looking at for quick 20 percent growth?
What's the significance of it being $10 or less?
sts7049 said:10thYrSr said:
With my last post in mind, anyone have 10 dollar or less stocks they are looking at for quick 20 percent growth?
lol. go hang out on WSB for that kind of advice
BT1395 said:
Not sure if serious?
10thYrSr said:BT1395 said:
Not sure if serious?
At the risk of exposing myself to derision, please tell me more.
We should have bought shares when we bought the calls in $16's. They made us 200%+ but good grief CVNA!AgShaun00 said:
damn cnva up 18 PM. i was tempted to get back in but was hoping for more of a
shorts are gonna feel some pain this morning
insulator_king said:
TOST down ~10% this morning. Wonder why?
Quote:
Toast stock gets burned as company reverses course on controversial fee
9:40 am ET July 19, 2023 (MarketWatch)
By Emily Bary
'We made the wrong decision,' CEO says as Toast removes 99-cent fee that angered some customers
Shares of Toast Inc. were tumbling nearly 10% in morning trading Wednesday after the restaurant-technology company said it was doing away with a 99-cent order-processing fee that drew pushback from customers.
"We made the wrong decision and following a careful review, including the additional feedback we received, the fee will be removed from our Toast digital ordering channels," Chief Executive Chris Comparato said in a letter to customers that it also filed with the Securities and Exchange Commission.
Read: Here's how much to tip everyone -- and a list of people you should never tip
Toast (TOST) shared in the filing that it "does not expect this decision to have any material impact to its previously announced guidance" for the second quarter or the full year.
Wall Street, however, found the update disappointing, judging by the stock's sharp move lower.
"The financial impact (of the fee sustaining) would have been sizable and some buy-side numbers likely already reflected a potential 7-10% run-rate impact (some were even higher) on gross profit," Bernstein analyst Har****a Rawat wrote in a note to clients. And Toast likely would have seen a "much higher impact" on earnings before interest, taxes, depreciation and amortization (Ebitda) had it kept the fee, given a "100% margin."
From the Moneyist: If a restaurant adds a 20% tip, am I obliged to pay? Should tipping not be optional?
She added that sell-side analysts probably wouldn't have to tweak their estimates as a result of the reversal, but buy-siders might.
"We believe it is still early to assess any long-term reputational damage from the controversial decision (and subsequent withdrawal) to implement the 99-cent fee," she continued. "Toast is often positioned as a champion for restaurants especially in an environment where restaurants often grapple with fees from other third-party platforms."
Shares of Toast have gained 32% so far this year as the S&P 500 has risen 19%.
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-Emily Bary