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re: Carvana stock
Posted on 7/19/23 at 11:12 am to hikingfan
Posted on 7/19/23 at 11:12 am to hikingfan
temporary reprieve - they are not going to make it in the long run.
Stupid business model with overly expensive "show rooms". They've never made a profit or turned positive cash flow - ever. Debt level is still too burdensome for them to survive.
Stupid business model with overly expensive "show rooms". They've never made a profit or turned positive cash flow - ever. Debt level is still too burdensome for them to survive.
1
Posted on 7/19/23 at 3:00 pm to MAROON
quote:
Stupid business model
This. I've said since day one that their business model makes no sense. 100% unsustainable.
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