Is Artificial Intelligence the Biggest Bubble in History?
Is it any surprise 31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading their OWN stocks at record pace? They're getting OUT of AI (and Tech Stocks) before it's too late. But why? And WHERE are they moving their cash for the biggest profits, in 2024?
Shares Stats
| Shares Outstanding | 5,680,000 |
| Shares Float | 3,990,000 |
| Shares Short | 110,000 |
| Insider Holdings | 1818% |
| Institution Holdings | 9.86% |
About Eastside Distilling Inc
Eastside Distilling, Inc. acquires, manufactures, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand. It also offers canning and printing, digital can printing, and co-packing services to the craft beer, cider, kombucha, and other beverage sectors. The company sells its products on a wholesale basis to distributors in the United States. Eastside Distilling, Inc. is headquartered in Portland, Oregon.
General
| Name | Eastside Distilling Inc |
| Ticker | EAST |
| Exchange | NASDAQ |
| Sector | Consumer Defensive |
| Industry | Beverages - Wineries & Distilleries |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 49 |
Highlights
| Analyst Target | 3.50 |
| Market Cap | 3,900,000 |
| EBITDA | -3,775,929 |
Financials
| Profit Margin | -79.11% |
| Operating Margin | -56.57 |
| Return on Assets | -0.17 |
| Return on Equity | -2.60 |
| Revenue | 8.1M |
| Earnings Per Share | -4.35 |
| Revenue Per Share | 6.75 |
| Gross Profit | 2,910,000 |
| Quarterly Revenue Growth | 0.11 |
Valuation
| Forward PE | 5.50 |
| Price/Sales (Trailing 12 Mt.) | 0.30 |
| Price/Book (Most Recent Quarter) | 0.58 |
Earnings
Farmers are still reeling months after Hurricane Helene ravaged crops across the South
LYONS, Ga. (AP) — Twisted equipment and snapped tree limbs still litter Chris Hopkins’ Georgia farm more than two months after made its deadly march across the South.
Penny Stock Applied Therapeutics' FDA Troubles Trigger Investor Lawsuit, Shareholders Claim Deception Over Govorestat Clinical Data
Adrian Alexandru files a securities lawsuit against Applied Therapeutics, alleging the company misled investors about clinical trials for govorestat.
Trump's Shocking Plan to Go All-in on Radical New "Quantum Energy"? - Ad
It's 17,000 times more powerful than gas... 2.75 million times more powerful than coal... and a staggering... 3 million times more powerful than oil. It could also save the United States as much as $2.2 trillion every year in energy costs. It's no wonder this incredible new energy source is a major Trump priority.
Micron Earnings: Will AI Growth Outweigh 'Choppy' Memory Market?
Analysts optimistic but cautious about Micron Technology Inc's Q1 earnings, citing challenges in NAND market but potential boost from AI.
Bipartisan Lawmakers Aim To Break Up Health Care Giants With New Legislation
Pharmacy-benefit managers (PBMs) have been scrutinized for their role in drug distribution for years. Now a bipartisan group of lawmakers is threatening to break up the companies behind these so-called drug middlemen.
Tech Funds Are Hemorrhaging Cash: Sell This Stock Now - Ad
U.S. technology funds are HEMORRHAGING cash. It's the biggest selloff since the 2022 bear market. A 50-year Wall Street veteran just explained everything you need to know. For now, he's pounding the table on the No. 1 tech stock to BUY before 2024 comes to an end... And the No. 1 tech stock Wall Street says to sell NOW.
Biden calls for ban on congressional stock trading
WASHINGTON (AP) — President endorsed a ban on congressional stock trading in an interview that’s being released this week, belatedly weighing in on an issue that has been debated on Capitol Hill for years.
How to bridge a retirement shortfall
If you want to get yourself thoroughly depressed, spend a little time looking at statistics about Americans’ retirement preparedness.
Sell Nothing. Retire Early. Mission Complete. - Ad
What if you could retire in 3 years instead of 10-15? While everyone is trying to trade the market and gamble on poop coins and meme coins, some people are using a little known method to actually earn passive returns. We probably have 3 years to exploit this before the party is over. That's plenty of time to retire early in crypto.
Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE
Dogecoin (CRYPTO: DOGE) is hinting at a possible price surge in the wake of its remarkable rally.
Isak Andic, founder of Spanish fashion brand Mango, dies in accident, aged 71
BARCELONA, Spain (AP) — Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said on Saturday. He was 71.
Exposed: 3 Cent Crypto to Explode January 20th? - Ad
Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on January 20th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.
Bitcoin, Ethereum, Dogecoin Spike After Inflation Data Matches Expectations: Top Analyst Foresees New BTC ATH If It Stays Above This Level
Leading cryptocurrencies rallied Wednesday after in-line inflation data boosted expectations of monetary easing by the Federal Reserve.
US senator says mysterious drones spotted in New Jersey region should be 'shot down, if necessary'
A U.S. senator has called for spotted flying over sensitive areas in New Jersey and other parts of the Mid-Atlantic region to be “shot down, if necessary,” as it remains unclear who owns them.
Wall St Legend: Buy This Stock Before Inauguration - Ad
This is the best election year for stocks since 1936. But according to one 50-year insider, not everything is as rosy as it seems on Wall Street...
Pennsylvania McDonald's Where UnitedHealthcare CEO Murder Suspect Arrested Gets Review Bombed: 'More Like Narc-Donalds'
Google and Yelp have increased negative reviews for a Pennsylvania McDonald's where Luigi Mangione was arrested.
Miami judge approves bail for wealthy Alexander twins in state rape case
WEST PALM BEACH, Fla. (AP) — A judge in Miami granted bail Friday to a prominent real estate broker and his twin brother, who are facing . However, they won't be released from custody while facing a separate federal sex trafficking case with another brother.
Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up - Ad
1:59 P.M. on January 31st. Set an alarm for that. Because you need to be prepared for an event that will send a certain group of stocks rocketing upward.
Charlie Munger Identified This Stock 30 Years Ago After Warren Buffett Passed On It: Here's How It Is Doing Now
Costco's first-quarter revenue and EPS beat analyst estimates. The management highlighted four new milestones during the first quarter.
Peter Thiel Believes Elon Musk's DOGE Initiative Is The Answer To Avoiding Massive Tax Hikes: Tesla CEO Says He Is 'Right On All Counts'
Peter Thiel supports Elon Musk's DOGE initiative to prevent tax increases. DOGE aims to streamline federal spending and reduce budget by $2 trillion.
Man Who Called Nvidia Says "Buy These Five AI Stocks." - Ad
In 2016, Jeff Brown called Nvidia at a split-adjusted 66 cents. The company just became the world's third $3 trillion company...And the stock is up massively since Jeff's recommendation. Now, Jeff has found five under-the-radar stocks which could power your retirement. And it's in large part because these companies are connected to Elon Musk and Nvidia.
Robinhood Markets Grows Into 'Best-In-Class' Brokerage, Analyst Says
Analysts have updated coverage and raised price targets on Robinhood Markets after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes.
EPA awards $144 million to California to phase out big diesel trucks
SAN FRANCISCO (AP) — The Environmental Protection Agency is awarding $144 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.
Is a Starlink IPO Coming in 2024? - Ad
Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.
Companies tighten security after a health care CEO's killing leads to a surge of threats
“Wanted” posters with the names and faces of health care executives have been popping up on the streets of New York. Hit lists with images of bullets are circulating online with warnings that industry leaders should be afraid.
Shiba Inu Burn Rate Skyrockets 515.33% - Will The Price Increase?
The burn rate of the meme cryptocurrency, Shiba Inu (CRYPTO: SHIB), has surged by a whopping 515.33%. This data comes from the widely used transaction tracker Shibburn.
Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad
It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.
Mesoblast's Cell Therapy Treatment For Graft Versus Host Disease Gets FDA Approval, Stock Surges
Mesoblast's Ryoncil is now FDA-approved for pediatric SR-aGvHD, marking a milestone in mesenchymal stromal cell therapies in the U.S.
Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.
Elon Musk: "The Government Is Out of Control." - Ad
Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.
2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks
HARRISBURG, Pa. (AP) — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it.
FDA says knockoff versions of Lilly obesity drug must come off the market
WASHINGTON (AP) — Specialty pharmacies and online companies that have been selling off-brand copies of two blockbuster drugs for obesity and diabetes will need to phase out their versions next year under a federal decision issued Thursday.
This Is CRAP (Beat the Banks) - Ad
Can you believe this crap? 0.06% APY. THAT'S IT That's all you earn on average right now in 2022 according to the FDIC, in most USA savings accounts. In this video, you will see EXACTLY how you can participate in one of the biggest financial opportunities of our lifetime.
Trump on Assad's Fall: Putin 'Was Not Interested In Protecting Him Any Longer'
President-elect Trump weighed in on the fall of Bashar Assad after a rebel group seized control of Damascus, ending five decades of Assad family rule.
Wall Street Veteran Slams Fed's Rate Cut Plans: 'Wake Up To Economic Realities'
Ed Yardeni warns Fed against further rate cuts due to risks of overheating economy and stock market euphoria, while data shows high inflation and strong labor market.
A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming... - Ad
If you have any money in AI stocks right now, or if you're even thinking about it, you need to see what's going on. The truth is, the moves we've seen in tech and AI stocks over the last couple of months could be the start of something much bigger. That's why I've put together this special presentation with Wall Street legend, Charles Mizrahi.
Bitcoin, Ethereum, Dogecoin Settle Down Amid Growing Talks Of A Strategic BTC Reserve: Top Analyst Sees Prospect Of Apex Crypto Hitting $110K This Week
Leading cryptocurrencies simmered down Monday after a smashing rally even as speculations around a U.S. strategic Bitcoin reserve gathered steam.
Group says New Jersey toxic waste dumping caused $1B in harm, calls settlement inadequate
TOMS RIVER, N.J. (AP) — Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the corporate successor to the firm that did the polluting.
"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad
According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.
Investment Guru Peter Lynch: 'If You Can't Explain To An 11-Year-Old In 2 Minutes Or Less Why You Own The Stock, You Shouldn't Own It'
Highly esteemed investor Peter Lynch once revealed his "10 Commandments" for prosperous investing.
Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.