• 2 months ago
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Transcript
00:00So let's go Celsius here for a second and just talk about its disaster yesterday because this
00:05was an epic disaster. Spinner talking, CELH obviously, was saying, and Spinner,
00:13you said they had some conference or something, they were presenting at some conference or
00:17something yesterday. Anyways, obviously didn't go well. Stock fell another 10% yesterday,
00:22just another 10% just to continue punish everybody who's been trying to call a bottom on this
00:28forever. $98.84, the high in May. The stock is $32. Back in May, people were paying 90 times
00:39earnings, I think it was, 90 times earnings for a company that makes drinks. Not an AI company,
00:46a company that makes beverages. Never pay 90 times earnings for a company that makes beverages.
00:54This is why the stock has fallen off substantially because when that growth rate starts to slow,
01:00and it inevitably will, you get punished severely. So now we're 36 times earnings still. I looked at
01:06Celsius yesterday. Still trading, 36 times earnings. It's probably still your most expensive
01:14beverage maker out there, right near the top. What's the monster? What's the monster PE? Because
01:19that's your comp. Monster PE, MNST, best of breed, trades 24 times forward earnings. So it's
01:28still trading at a 50% premium to monster after falling 65%. This is where you got to have your
01:37fundamental hat on, combine the fundamentals with the technicals. Celsius, and we've been talking
01:42about this stock negatively all the way down. People asking me why, they were saying maybe it's
01:48a takeover candidate. It's not a takeover candidate. You know why? It's a trade 36 times
01:52earnings. At 15 times earnings, gets attractive. At 15 times earnings, the stock is 12 bucks.
01:59So I don't know if it's going straight there. There's still maybe some growth, maybe some story,
02:02and maybe at this point in time, you could probably take a flyer, but everybody's been
02:07trying to take flyers all the way down. Point is, you got to do the combo approach. You got to have,
02:13you know, and again, you got to have a hell of a story, but 32 times earnings for a beverage stock,
02:18not for me. You know what, Spinner just made a good point on the General Electric,
02:24because they had, if you had one share of GE, or let's see, each holder of GE common stock
02:32received one share of GE healthcare on the spinoff in December of 2022. There were some
02:39spinoffs in there, yes. There was some spinoffs,
02:42but you can add all that stuff up. I still don't think you'd get your money back.

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