Casper the unfriendly IPO

[The beef 675] [I'm an image] "Bed in a box startups are about to go the way of the water bed." - Jason [Read The Beef Online - Click Here]( Hey there carnivores, Markets got pummelled on Monday as the coronavirus outbreak shows no signs of slowing down. Today we’re talking Casper’s IPO. Keep raging, Jeff & Jason [Image] [I'm an image] Casper the unfriendly IPO Imagine waking up soaked in sweat from a nightmare that your company lost 35% of its market value overnight. Welcome to Casper’s reality. Casper Sleep has plans of raising $159M via its IPO, which would put its valuation at $744M. Sounds good, right? Well, let’s look at the numbers, shall we? A deeper dive The online mattress retailer [plans to sell]( 8.35M shares in the $17 to $19 range. Excluding the over-allotment option, CSPR would raise $744M. This, of course, is just a smidge lower than its $1.1B private valuation from 2018. Why? Despite revenue rising 20% during the nine-month period ended in September (vs. the same period last year) every college kid's favorite mattress purveyor still [couldn't eke out]( a profit... something the company has yet to do in its six-year history. No to mention revenue growth might not keep pace with marketing costs and the cash needed to expand internationally. You think advertising on the Joe Rogan podcast is cheap? The bottom line... The company got its start pioneering the bed in a box premise, but other companies at home and abroad have adopted the technology… some of which have [actually turned a profit]( doing so. And following WeWork's implosion, Wall Street appears to have lost its appetite for fast-growing startups that burn through cash. [I'm an image] “‘You miss 100% of the shots you don’t take - Wayne Gretzky’ - Michael Scott” - Jeff Bishop When you’re ready to become an alpha male like the GOAT, Michael Scott, check out my Total Alpha service. You’ll get access to my live options trading account, trade updates, PLUS years of options trading know-how. [I’M READY TO BECOME AN ALPHA]( [I'm an image] ☑️ Violently ill. US (and international) markets are acting like hypochondriac that just turned on the news for the first time in a week (read: completely irrational). The Dow, S&P and Nasdaq [fell]( 1.6%, 1.6%, and 1.9%, respectively yesterday, after more cases of coronavirus were confirmed over the weekend. A laundry list of US companies got absolutely steamrolled thanks to the pneumonia-like disease. American Airlines dropped 5%, Wynn Resorts fell 8.1%, Cat fell 3.3% and Nvidia posted a 4% drop, just to name a few. The good news (from an economic perspective)? Enterprising young minds have taken to Etsy to [hawk]( "I Survived Coronavirus 2020" t-shirts. Too soon? And coincidentally Netflix is dropping a six-part series titled “Pandemic: How to Prevent an Outbreak”... which will undoubtedly be well received by the 50M plus Chinese citizens in quarantine (via VPN, of course). ☑️ Pharma bruh. Inmate 87850-053 (read: Martin Shkreli) will finally [face a judge]( for "the price hike heard round the world." Well, technically the suit is related to his company's monopoly on the drug. The most hated man in America who is currently serving a 7-year federal sentence for defrauding hedge fund investors earned his reputation by hiking the price of a $17.50 drug by 4,000% overnight... in 2015. And now Shkreli is being sued by the FTC and the State of New York for his role in the scandal which included creating contractual roadblocks for generic competition. Better late than never, I guess... ☑️ Cashing out. The world's 25th richest person just got a bit more liquid. MacKenzie Bezos has reportedly [sold]( $400M worth of Amazon shares, which represents just a small fraction of her divorce settlement with Jeffrey Commerce. MacKenzie ended up with a 4% stake in Amazon worth $37B following the 2019 split. There is no word on what the writer and philanthropist plans to do with the fat stacks of cash, but paying Mohammed bin Salman to troll her husband some more seems like a good place to start. ☑️ "You ever take it off any sweet jumps?" When e-scooter unicorn Bird isn't busy killing hapless millennials apparently it's out [hoovering up]( VC money. After raising $275M in October, the startup announced that it recently raised another $75M. But that's not all. Bird also acquired German rival Circ for an undisclosed sum (read: probably way too much). RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. 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