This story was originally published here.
In the space race, Virgin Galactic (NYSE:SPCE) is a contender, but recent lethargy suggests the company is more of a pretender. SPCE stock is down 1.73% over the past month, a period in which broader benchmarks and smaller companies – a relevant mention because of Virgin’s $3.12 billion market capitalization – are soaring.
A year-to-date return of nearly 33% is nothing to scoff at. However, Virgin Galactic traded above $42 in February. It closed just over $15 on June 16. Those are the type of declines that foster jitters among investors, particularly when the company in question operates in a nascent, niche industry where the payoff could be years away.
An obvious near-term headwind for Virgin Galactic is the recent success of SpaceX getting into space. SpaceX comes with the cache of being Tesla (NASDAQ:TSLA) founder Elon Musk’s baby.
With SpaceX not yet public, Virgin Galactic has the allure of being perhaps the only publicly traded pure space play, but there’s a brewing rivalry between these two firms investors need to be cognizant of.
Another recent hurdle on Virgin Galactic, though that one will dissipate, Sir Richard Branson’s Virgin Group recently giving up majority control of the space exploration company because the bigger Virgin needs cash to keep more established business afloat. In this case, it’s just bad optics Branson is a billionaire and held in high esteem for his business acumen.
There’s Still a Story With SPCE Stock
An interesting factor to consider with Virgin Galactic is that the aforementioned selloff the stock endured during the Covid-19 swoon – one where the peak-to-trough decline was roughly 75% – was probably over-exaggerated.
Perhaps it sounds trite, but this company has barely anything in the way of sales. It has no leverage to areas of the economy that are most vulnerable to the novel coronavirus pandemic, such as airlines, casinos, cruise lines or retail sales. Heck, Virgin Galactic hasn’t even taken anyone to space yet, though it’s gotten crew members close.
Editor's Note: To read the full story, click here.
65 Unique Ways ANYONE Can Make Extra Cash (Without Getting a Second Job)
Dear Reader,
Are you looking for great sources of real income, without having to get a second job?
Then keep reading, because author Neil George wants to send you his new book that profiles 65 simple ways to earn large amounts of work-free income.
…extra cash that you can collect ON TOP of your Social Security check…
…without messing around with crappy jobs. (Pizza delivery driver? No way.)
These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.
And the best part…
Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today, ABSOLUTELY FREE (just pay shipping).
(Just 517 copies left, so click here to claim yours before it's ripped away.)
Here's just a sample of what you can find inside:
- Learn the secret of the $50,000 lump sum Social Security check. Seriously, it couldn’t be easier!
- Use what Neil calls the “F.H.A. Loophole” to get the government to pay your mortgage – PLUS receive hundreds in extra cash on top.(Page 217)
- Collect $100s for pictures in Old Family Photo Albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
- Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
- Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!
Needless to say, this book has become highly sought after.
So if you don't claim your free copy of Income for Life today, we'll send it to the person behind you in line…
Don't let that happen. Click here to claim your copy now!
Regards,
Brian Hunt
CEO, InvestorPlace
P.S. Click here to claim your copy right away. Just 517 left today.
