He Predicted Fall Of WeWork And Rivian, Now This Analyst Warns These 3 Stocks Are Set To Implode
While there's no shortage of
The Man With The Vision: David Trainer, the founder and CEO of research firm New Constructs, is a
As reported by Fortune, Trainer is best known for anticipating the demise of WeWork NYSE:WE, which was set to go public in 2019. At the time, New Constructs called it the "most dangerous" IPO of the year. The WeWork IPO was ultimately cancelled and the company's valuation cratered by 70%.
He also foresaw the decline in Rivian Automotive Inc's NASDAQ:RIVN stock, which blasted off to a
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The Three Stocks Set To Drop: Online used car retailer Carvana Co NYSE:CVNA has long been on Trainer's radar as a stock that was likely to fall. Shares peaked at
New Constructs' analysis now anticipates that Carvana may go bankrupt and the stock could lose all of its value. Trainer notes that the company's "dwindling cash supply, intense competition, and elevated valuation puts the stock in danger of declining to
Exercise equipment company Peloton Interactive NASDAQ:PTON has seen its stock price crash from a high of
Pet food company Freshpet Inc NASDAQ:FRPT is also in New Constructs' "
Freshpet reached an all-time-high of