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Grab the Porpoise by the Horns! SeaWorld’s Sinking! (SEAS)

Posted on March 15, 2021

Hard to get excited about flying sea creatures and paying hard-earned cash to get yourself drenched.

But SeaWorld Entertainment (NASDAQ:SEAS) makes a business of exactly that.

If you can call it a business…

Truth is, SEAS has run into some rough waters of late, as we expected they would.  So you can imagine our salty cravings just eyeballing an opportunity to sail a windy profit from her soon-to-be capsized wreck.

Now, hold on to your jibs, gentlemen, as we walk you through the fundamentals here.

Or, in this case, what you might call a fundamental lack.

Get a load –

  • The stock has no P/E,
  • No P/B, and
  • No dividend.

But that never hurt anyone in today’s heady investment climate.

Nor did –

  • A decline of 461.80% in earnings this year, and
  • Quarter over quarter declines in Sales and Earnings of 48.30% and 88.10%.

Unhand me, brute!  You smell like a squid!

The big splash seen on the chart of roughly a month back – when the stock spouted higher by better than 50% – was a result of an announcement that several SeaWorld locations would soon be opening.

That’s all.

Opening.

Not advance killer-whale ticket sales.

Just reopening.

Hmph.

Here’s the daily chart – 

With kind regards, and Chodesh Tov!

Hugh L. O’Haynew

 

2 responses to “Grab the Porpoise by the Horns! SeaWorld’s Sinking! (SEAS)”

  1. M T says:

    Thematic Investing: Shoot the Wounded!
    Love everything about this.

    MT

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