Motley Fool Money IPO Dramas and Apple's Big Surprise
Sep 13, 2019
Tim Beyers, a media and entertainment analyst, shares insights on Apple's latest product launches, including the iPhone 11 and the company's strategic shift towards a burgeoning services sector. The conversation highlights how Apple's pricing strategies target various markets and its growing competitiveness in streaming. Amid discussions on the IPO struggles of companies like Smile Direct and WeWork, the analysts also touch on the implications of these trends for shareholders and the tech industry at large.
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SmileDirectClub's IPO Stumbles
- SmileDirectClub's IPO saw a 28% drop on its first day, raising concerns about mispricing.
- Despite the rough start, the company's online dentistry model and teledentistry approach present an interesting value proposition.
WeWork's IPO Woes
- WeWork's attempts to salvage its IPO involve improving corporate governance and lowering its valuation.
- Concerns remain about the company's business model, lack of proprietary technology, and significant losses.
Dave & Buster's: Mixed Results
- Dave & Buster's saw higher-than-expected profits and revenue but cut guidance, leading to an initial stock drop.
- Investors are focused on negative comparable store sales, but the company's initiatives and low valuation make it potentially attractive.