Another Victim of the Watchdog Deadpool

Chris delivers a no-holds-barred rant on Nikola’s Chapter 11 bankruptcy filing—calling it the “Deadpool” of failed disruptor companies. Markowski explains how Nikola’s business plan, once valued higher than Ford, is a classic example of overhyped, unsustainable ventures destined to crash. He shares his proven track record of picking losers and warns investors about the dangers of inflated valuations and reckless hype. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Oh, we got another victim of The Watchdog on Wall
Street Deadpool.

Speaker 1 (00:21):
Yep, another one that we.

Speaker 2 (00:23):
Called bites the dust Nicola files for Chapter eleven bankruptcy production.
If you're not familiar with a dead Pool, okay again
you got that Marvel character and again pretty funny movies
that had actually kind of started based in the movie
was they were trying to guess who was going to die.

(00:43):
Howard Stern used to do that morbid thing on his
program predicting people were going to die. The Markowski Deadpool,
The Watchdog on Wall Street dead pools. We just tell
you what. Companies aren't going to make it. They're going
to go out of business. Now I get criticized for this, Yeah,
why why are you doing that?

Speaker 1 (01:04):
Why are you doing that?

Speaker 2 (01:04):
It's not right, it's terrible, gonna make the company go
out of business. Face plan, yeah, yeah, by me saying
that a company and their business plan is a steaming
pile of dog Duty and it's going to go under.
I didn't make up the business plan. I'm not running

(01:29):
the company. I'm just giving you the reality. And over
the years, yeah, we've been pretty damn good at picking losers,
telling you which companies to avoid. And man and oh man,
was there a whole bunch of them there during COVID
disruptor companies. I remember this, Okay. I was living living

(01:53):
on Long Island at the time, and uh, thank god,
thank god. I built a gym in my house prior
to COVID. Thank And you know, I'd have the you know,
TV on and I'd be working out and they're touting
all of these rumped our companies. Beyond me, there was

(02:14):
I mean, how many, just again steaming pile of dog
duty companies? And uh Nicola was one of those companies.
Oh it was a favorite. Yeah, they loved it on CNBC.
Wall Street analysts love the company, retail investors, the greater

(02:34):
fools that you are? You a greater fool? Did did
you like this too? Are you upset with me that
I told you what was going to happen and knew no, no, no, no, no.
I don't have any magical powers I don't have a
flux capacitor that can take me into the future. No,

(02:56):
I just know steaming piles of dog duty when I
see them. Anyway. Anyway, Yeah, and this is this again,
this is funny this Nicola. They still have forty seven
million dollars in cash on hand and it's going to
be used, they say, to fund their bankruptcy activities. That's

(03:18):
that's rich. Okay. What that forty seven million dollars is
going to be used for is to enrich the executives
and the lawyers that are going to move forward with
the bankruptcy proceedings. That's all. That's what it is. It's
a big racket. Yeah, Nicola had this semi truck. Their

(03:42):
former CEO got in trouble with pushing all sorts of
bs out there. But I think they were the one
that had the They actually were showing their truck moving,
but the truck moving was actually was moving based upon gravity,
wasn't based upon the technology. Again, this is par for
the course. You can decide to be a greater fool

(04:06):
and you want to get rich quick, have at it.
Go ahead, Best of luck to you, okay, best of luck,
have a great time doing it. You're gonna lose. You're
gonna lose. Do you understand that the valuation of this
Nicola at one point in time was greater than Ford.

(04:32):
It was greater than Ford Motor Company, and Wall Street
analysts had to buy on it. Stupid is as stupid does,
watch Dog on Wall street dot Com