I saw that too. Apparently wall st is more worried about immediate profits rattan improving balance sheet.
They are 18 months behind on drone technology. They are not a drone maker but a camera maker. With new drones coming out every 3 months and the price points coming down I dont see how they can make a sizeable jump in profits even with Karma.
Maybe he will trade with the slumping tsla stock shares that are not profitable yet either
Because there are already hundreds of companies making them from the low end of $30 to the high end $3000 and up. They are probably wondering what their strategy is to make a profit?
I think they already had their 20% pop from 16 to 19 when they pre announced 3 weeks ago
Debt doesnt mean anything. Easily offset by income and/or assets . Apple has 53 Billion long term debt, so what
People are worried about the debt because half of the profits are used to just pay the interest on it. If sales dropped 40-50% this would be a huge problem with questionable asset values. And if they sold some assets to pay down some of the debt that would probably mean less profit, so its a dog chasing its tail now. So fat the dog is fast enough to catch it.