NotSoBigShaq
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$Rivian Automotive(RIVN.US$ I think I'll wait till it drops.
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Kobe Bryant, the late NBA legend, was not just a basketball player.
One of his big investments paid off big time. In 2014, Bryant purchased 10% of BodyArmor, a Gatorade competitor, for $6 million.
Last week, $Coca-Cola(KO.US$ announced it acquired full ownership of BodyArmor, paying $5.6 billion in cash, valuing BodyArmor around $8 billion. The company had purchased a minority stake in 2018.
With that valuation, Bryant's 10% investment is estimated to be worth around $800 million today. That puts his returns from $6 million to $800 million around a 13,222% gain in less than eight years.
He still amazed us after he left.
Mamba Forever!
One of his big investments paid off big time. In 2014, Bryant purchased 10% of BodyArmor, a Gatorade competitor, for $6 million.
Last week, $Coca-Cola(KO.US$ announced it acquired full ownership of BodyArmor, paying $5.6 billion in cash, valuing BodyArmor around $8 billion. The company had purchased a minority stake in 2018.
With that valuation, Bryant's 10% investment is estimated to be worth around $800 million today. That puts his returns from $6 million to $800 million around a 13,222% gain in less than eight years.
He still amazed us after he left.
Mamba Forever!
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NotSoBigShaq
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NotSoBigShaq
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$Navitas Semiconductor(NVTS.US$ CEO is ringing the opening bell to start the trading today. That’s good publicity! Looks like opening bid will be 13.45.
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NotSoBigShaq
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$LIVE OAK ACQUISITION CORP II(LOKB.US$ sees its highest 1 day volume since debut. Looks like its under 10.00 days are over as it prepares for merger with Navitas,which will take place before August 20.
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NotSoBigShaq : hmm so we wait now...?