Newsmax is an American conservative news media company operating a cable TV channel and digital outlets.Yahoo Finance ↗newsmax.com ↗
1 take · first discussed Apr 5, 2025
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The sole view presented comes from guest Shapiro, who is bearish on Newsmax at medium conviction. He argues that the stock's dramatic IPO pop was not driven by fundamentals but by retail investor enthusiasm akin to the GameStop short squeeze, making current valuation multiples unjustifiable. Shapiro expects the stock to revert to a more rational market cap in the $2–4B range as price discovery reasserts itself. No other hosts weighed in, so there is no agreement or disagreement to note within the panel.
Shapiro argues Newsmax's IPO pop was a GameStop-style retail squeeze driven by fan enthusiasm rather than fundamentals, and that the stock will revert to a $2–4B market cap as the weighing machine takes over from the voting machine.
I think the PE ratios on the Newsmax trade are, are, you know, ridiculous in the sense that it's going to revert back to something closer to normalcy... it's more like GameStop than anything else.”1:51:44