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Newsmax Goes Public IPO

T

TheBigA

On Monday, conservative TV channel Newsmax raised $75 million in it's IPO. The next day, the stock shot up 180% pushing it's market cap to $20 Billion.


www.cbsnews.com

Conservative channel Newsmax surges more than 700% in stock market debut

Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
www.cbsnews.com www.cbsnews.com

 
How does Newsmax survive with a very niche audience? If Newsmax going to survive as a publicly traded company they would need to diversify the content in the same way Fox Inc has other divisions besides Fox News like Fox Sports, Fox Local and Fox Entertainment if they are to remain in good standing with the SEC to show that their business model is viable? Its all hype until proven otherwise.
 
Y2kTheNewOldies said:


Here is the current stock price for Newsmax and oddly enough it's more valuable than Fox Inc the parent company of Fox News. Then again we shall see how long is Newsmax Business model remains viable or not. $61 per share for Newsmax and $47 per share for Fox Inc. Then again Newsmax is in the novelty phase we shall see where this is going.
Click to expand...
As of today's (4/03) market close, Newsmax Inc. (NMAX) was $62.12, UP $9.60 (18.28%), while Fox Inc. (FOX) was $47.90, DOWN $5.10 (9.62%). On a day where there's blood all over Wall Street.

It's a meme stock at the moment, divorced from any intrinsic value, much less reality. Its market cap is $5.54Billion, whereas Fox's is $22.515B. Newsmax's earnings per share are Negative 62¢, whereas Fox's are Positive $4.66. Divorcing finance from politics, which would you rather have in your portfolio?
 
Weiserguy said:
As of today's (4/03) market close, Newsmax Inc. (NMAX) was $62.12, UP $9.60 (18.28%), while Fox Inc. (FOX) was $47.90, DOWN $5.10 (9.62%). On a day where there's blood all over Wall Street.

It's a meme stock at the moment, divorced from any intrinsic value, much less reality. Its market cap is $5.54Billion, whereas Fox's is $22.515B. Newsmax's earnings per share are Negative 62¢, whereas Fox's are Positive $4.66. Divorcing finance from politics, which would you rather have in your portfolio?
Click to expand...
I would rather have Fox in the portfolio given that they have a better track record outside of Fox News also Fox attracts other demos to their other outlets like Fox Sports, Fox Local and Fox Entertainment.

Newsmax on the other hand is too dependent on Trump that is not a viable strategy to run with. That is until Newsmax can show that they can attract non-Trump fans to their outlet it's a meme Stock with hype. Also how does Newsmax attract audiences outside of even number years like elections.
 
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