Jack's at least a 2-hit wonder. Maybe 3 if you count Block's new direction.
I also don't care about the stock price
What is the credit rating of Block, Twitter and Square? D- ? DD- ?
Square changed the game on merchant accounts with Point of Sale systems.
It's the only market where you can make a direct comparison between company X or Y and the most solid entity in the world which is the US Federal Govt. for you cannot buy stocks in Uncle Sam, only bonds.
> Square changed the game on merchant accounts with Point of Sale systems.
Business isn't politics, you have to show profits or at least huge FCF to claim that you've made it. Xerox was the game changer with GUI , BlackBerry/PocketPC with smartphones, Myspace with social media etc...yet only historians of business remember such details. Changing the game isn't the name of the game. Signing off incredible amounts of quality of life for the American consumer, that's what it's all about.
So what are you talking about?
GM has a debt ratio of 1.7 compared with Tesla (the high growth new comer) of 0.9.
You put ANY metric between Tesla and GM that could justify GM having a higher credit rating. It’s ridiculous.
If you think you have found an error in bond rating procedures then put your money where your mouth is. Go long Tesla bonds and short GM bonds, and make a fortune. Be sure to lever up to maximize your returns.
Easy to call someone ignorant, but how about you show it.
Twitter: Ba2
Telsa: A-AAA depending on the debt type
However, Telsa and Twitter are likely to have credit impacts if Musk acquires Twitter because of the structure of the deal. Musk is using $62 BN of Tesla stock to finance the Twitter buyout, which increases Telsa's debt leverage, and will introduce $13 BN of new debt for Twitter. Both companies could see a drop in credit ratings, at least temporarily.
But the market is fickle, and Musk is unpredictable, so...
Sources:
https://www.fitchratings.com/entity/square-inc-97197931
https://www.marketwatch.com/story/twitter-credit-faces-a-mul...