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TuMaRu

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TuMaRu

Re: Seminole Red post# 50

Friday, 06/10/2022 11:13:32 PM

Friday, June 10, 2022 11:13:32 PM

Post# of 108
Vroom's business model is broken. They are losing money on each sale no matter what the purchase price for a vehicle. New CEO has his job cut out for him but Vroom is a used car seller after all - reconditioning and transport costs are very high followed by inventory - competing not only against Carvana, Auto Nation, Karmax, and 1000s of regular brick-mortar dealers nationwide, can't see how they'll ever succeed.

CVNA is just a zombie stock at this point with those hideous multi storey buildings that resemble vending machines for cars - gotta be the dumbest idea in the entire history of mankind. For that , their stock will be amply punished with near certain Ch.11 bankruptcy in the future.
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