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Pandora is not looking so “charming” to investors

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Pandora is not looking so “charming” to investors

When you think of Pandora… you probably think of the bracelets because that is just about the only thing the company is known for. However, what was once a blessing is now a curse for Pandora. The stock is down over 50% this year, and that is mainly due to changing fads and the declining popularity of the famed charm bracelet. Charm sales were down 7% in the first quarter.

 

People want simple… and ‘minimalist’ looks – and Pandora charm bracelets are anything but that. Well, the bracelets are, but the charms are not. At least that is the theory of CEO Anders Colding Friis. However, others believe that the bracelets are out-of-style entirely. As if to say, “We aren’t worried about the charm business; we are worried about your charm business.”

 

We are not a fad… is what Pandora wants you to know, but of course that’s what they want you to know. At any rate, the company will continue to grow the business by moving into other segments of the jewelry market. You know, the rings, earrings, necklaces, etc., are all opportunities for the company. What do you think – is Pandora done for?

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Will people begin to pass on MoviePass for Movie Club?

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Will people begin to pass on MoviePass for Movie Club?

One movie, one low price per month… is what Cinemark’s Movie Club offers to their subscribers. The service costs $8.99 and excludes 3D and IMAX movies. If you don’t use your ticket, it can be rolled over to the following months and does not expire. So, during times when there seems to be nothing in theaters, you can hold out until there is.

 

Let’s be real… you don’t want to see four or five movies per month in theaters. If you’re a casual moviegoer, one or two films per month will probably do it. You can also purchase non-member tickets for $8.99 and get 20% off at the concession stand (or continue to sneak your own candy in). In short, Movie Club is making going to the movies more affordable.

 

Unlike MoviePass… Movie Club looks to be much more sustainable. The service has 350,000 members and is expecting to reach over half a million in the next few months. However, the company still should worry about AMC theaters and their Stubs A-List service which has 175,000 members and growing. But with the box office performing exceedingly well lately, there should be no shortage of opportunities to “wow” the moviegoers this year and next.

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Casper is coming to a store near you

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Casper is coming to a store near you

But not the friendly ghost… rather the people that deliver your mattress in a box. The mattress company Casper is planning to open 200 stores in the United States over the next three years (they currently don’t have any). This move is an interesting one because there are so many people that believe brick-and-mortar is dead and online is the way to go.

 

Having physical stores… can boost offline sales, but that presence can increase online sales, as well. That makes for a good point because if you aren’t shopping for a mattress, it’s possible you have never heard of this company. However, most people have heard of either Mattress Firm or Sleepys who have plenty of stores across the country.

 

Casper in, Mattress Firm out… because while Casper plans to open stores, Mattress Firm has closed 200 stores in 2018. Casper began by thriving online and is now using brick-and-mortar to achieve scale advantages. On the other hand, the brick-and-mortar stores are closing up and trying to figure out the online side of things. So, don’t get too comfortable because the mattress market is heating up…

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Elon Musk tweets his way to another lawsuit

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Elon Musk tweets his way to another lawsuit

Remember when… we mentioned that Elon Musk claimed to have secured funding from a mystery company to take Tesla private? Well, some people are calling BS on his claim – in federal court. And upon the announcement, Tesla’s share price soared because that announcement was good news (for some).

The motive… was to harm short-seller with false information. According to the complaint, Elon Musk tweeted news that was materially false and misleading to get revenge on those short-selling doubters. Short-sellers make money when the shorted company’s stock price goes down, so you can see why Musk has a bit of disdain for those people.

Here’s how Tesla loses… the company could lose if they did not seek or secure funding. Elon Musk must prove that his tweets about the funding were made in good faith – in other words, was he being honest? He can seek to hurt short-sellers (actually, he should always be doing that), but only with claims that are true. But we’ve been saying it for weeks – the Tesla CEO needs to stay far, far away from Twitter.

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