Three weeks ago I noted that the stock of future President Trump’s company, which uses the stock symbol DJT, was selling for around $30/sh, and those members of his MAGA base who had bought shares were confident at making huge profits.
Has this happened?
Up around 11-12%, so the answer is No. On the other hand, for a company with very little going for it, its market cap of $7.5 billion remains amazing. Shareholders can take heart that it’s this ridiculously high, or their hearts can be in their mouths at the potentially imminent drop into the abyss as prospective shareholders look at the lack of prospects for this dubious investment, and walk away.
The future is tomorrow. Holding your breath may, or may not, be appropriate. I doubt the collapse of the al Assad regime in Syria will affect DJT, even though Trump’s preferences in government appears to lie with the autocrats.
