“Listening is the foundation, not just of negotiation, but of everything worthwhile in life.”
—Alex B Carter
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Taken in St. Anthony, Newfoundland, Canada.
Aerial view of a small town on a rocky Atlantic Ocean Coast during a cloudy day.
August 16, 2019
We’re always cautious on any company going public. IPOs are an opportunity for a company to raise capital before it has a trading history, and usually before it’s even profitable. If a company has a great story, it may have a huge rally from its IPO, but reality will eventually set in.
Beyond Meat, one of the hot IPOs of the year, saw this recently. Shares are down over 29% from their all-time high following an earning report where it quadrupled sales — but the company also announced it was issuing more shares. Even a fast growing company won’t always grow fast enough to keep the market happy. We suspect other recent IPOs will see similar drops as earnings season unwinds.
Motivational Quote of the Week
“It’s not always that we need to do more but rather we need to focus on less.” — Nathan W. Morris