And it's Monday...
Should You Be Worried About Suboptimal IPO's?
Cramer wrote about IPO's in his Real Money column Monday morning.
Here's what he's thinking.
"The valuations are fanciful: whatever the last round of investors claim it to be. Was WeWork ever really valued at $47 billion? It doesn't matter because we heard that the so-called ultimate arbiter, Masa Son and the Softbank Vision Fund, put in multiple billions at that level. The snarky, on-point Business Insider last week penned a brilliant piece about a fellow by the name of Ron Fisher who may be the most powerful investor on earth because, as head of investment at SoftBank group, he's been dictating pricing. BI credited Softbank (SFTBY) and Fisher by extension with "overinflating WeWork's valuation in late state-private funding," said Cramer.
So, how do you spot a sub-optimal IPO?
Netflix and the Emmy's
In case you missed it, Real Money Stock of the Day Netflix came up a little short of wins at the Emmy awards.
Amazon (AMZN - Get Report) took home seven top prizes, including Best Comedy Series for 'Fleabag', while Netflix got four major wins, highlighted by its TV movie 'Black Mirror - Bandersnatch.' Overall, Netflix gathered 27 Emmy Award, just behind HBO's 34 but ahead of Amazon's 15.
Should investors be worried about Netflix's mere 27 awards?
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