"The stock price for my cream was here..."
"The stock price for my cream was here..."

As stock prices for Laird Hamilton’s eponymous Superfood dip near junk territory, surfers and radical investors wonder if it might be the next GameStonk!

Get rich or die trying.

Years ago, or maybe it was just months as time is moving very quickly, Laird Hamilton took his eponymous Superfood public and the stock price soared making him a multi-multi millionaire overnight. The coffee creamer, plant-based, was meant to fill a morning ritual with health and vitality. Good fats, I’d imagine, and THC or rather MCT or whatever that nice oil that comes from coconut is called.

A captivated public, wanting to drink from Hamilton’s fountain of youth, snatched the product right up, the company went public and prices floated near $60 a share.

Riches.

But something happened on the way to the ice bath and, over the past months or weeks (who really knows anything anymore) Laird Superfood value has tanked near junk level.

Basically worthless.

Market watchers are wondering, though, if the time is right for another GameStonk. You certainly remember when the beloved video game retailer GameStop was set to go under and loving fans, disruptors and radical investors, went all in, spiking share price and roiling the market.

While, at the time, stalwarts in the investment game found the whole episode crazy Forbes, as august as any, declared:

The GameStop (GME) eruption has been portrayed as the product of wildly irrational investor behavior – a “frenzy,” a “speculative orgy” (Charlie Munger’s phrase), a “game played by losers who don’t have any idea what they’re doing” – a classic case of the Madness of Crowds.

This view is incorrect. Observers are misled by the fact that the market is obviously not “rational” in the finance-theoretic sense of the term. Share prices no longer reflect the underlying asset-value. GameStop’s mediocre, money-losing business is certainly not 4000% more valuable than it was at this time last year.

But this does not mean that the decisions of the GME traders are irrational.

The GME event is in fact the result of a process that is hyper-rational. It is based on highly accurate calculations of specific outcomes which possess a much higher degree of certainty than is the case for normal investment decisions. There is no “madness of crowds” here. It is a premeditated, predatory take-down of a cornered and defenseless counterparty.

Uhhhhhh.

So should we GameStonk Laird or what?

I’m in if you are.

Us, potentially.
Us, Potentially.

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Limp Hick
Limp Hick
4 years ago

This article posts and then the stock bounces 12% on next trading day. Stocktwits bros maybe taking Beachgrit serious and see it as a way to better understand LSF stocks’s target market: cranky, washed up surfers who need more MCT oil in their life to reclaim past glories. I might need some collagen too. https://stocktwits.com/symb…

Jumpofftheroof
Jumpofftheroof
4 years ago
Reply to  Limp Hick

I could use some extra cash. Who on here has a reddit account and can help us get some traction with day traders.

Limp Hick
Limp Hick
4 years ago
Reply to  Jumpofftheroof

I’m way down with some stock manipulation.

Rick Siegrist
Rick Siegrist
4 years ago

Hmmm…and it’s up 20% today. That’s all they needed was the Beach Grit nod.

Jumpofftheroof
Jumpofftheroof
4 years ago
Reply to  Rick Siegrist

Let’s pump this thing!

postmeta
postmeta
4 years ago
Daniel G
Daniel G
4 years ago

Good Laird is a douche

Nads On Yer Madre
Nads On Yer Madre
4 years ago

Commendable rabble rousing chazburger. Yet a critical mass of buyers could also be egged on to leverage their voice and demands in return for the re-float. Like subtle phallic shaped swirls prominent on all packaging and such like

Keith Grace
Keith Grace
4 years ago

safe to say the collapse began long before this, right?…

Professor Ski Lodge
Professor Ski Lodge
4 years ago

The cheesecake enthusiast probably found an awesome Brazzo bakery and can’t drag herself away.

Capt Sensible
Capt Sensible
4 years ago

What a shame , he was such a nice young man.

Gino
Gino
4 years ago

Seem to remember him telling us he drinks two bottles of wine a night
So a little MCT gets you over the line?

tim_nelsen
tim_nelsen
4 years ago
Reply to  Gino

deep wallet cutback!

channelbottom
channelbottom
4 years ago

AFAIK coconut oil is not actually good for you. But I’m willing to be paid to say otherwise.

No Feelings
No Feelings
4 years ago
Reply to  channelbottom

How is it bad for you? This isn’t the 1980s.

channelbottom
channelbottom
4 years ago
Reply to  No Feelings
No Feelings
No Feelings
4 years ago
Reply to  channelbottom

Assumes saturated fat causes heart disease, an outdated belief never backed with evidence.

Note the lack of any citation for this “fact.”

disqus_00d1gIXedO
disqus_00d1gIXedO
4 years ago

Be a bitch and try lying: the Laird story

mike m
mike m
4 years ago

With 75% of American adults being overweight, maybe there simply isn’t a market for Superfoods.
Also, doesn’t look like Laird has sold any of his stock, credit him for the macho pose, but his bank account isn’t impressed with his behavior.

Tomas' silky smooth arms
Tomas' silky smooth arms
4 years ago

It’s probably too late for Laird to be a gay porn star.

J H
J H
4 years ago

The WSL would kill for a stock price above $2 bucks.

Beef & Beer
Beef & Beer
4 years ago

But did he personally get burned ?
Surely he got a huge cash payout at the start when he took his company to a public share offering.
Then it’d be those subsequent investors who’ve lost out.
And that’s not a good impression to make for other future business prospects…

(If he didn’t cashout at least some of his shares at the start he’s a clown)

tim_nelsen
tim_nelsen
4 years ago
Reply to  Beef & Beer

“where does he eat brekkie? let’s storm it!”

reporting live from the Congressanal Hearing Room…

‘am Chas Smith…back to sinatra.’

Com Turren
Com Turren
4 years ago

Laird should seek the advice of Musk, Bezos, and Zuckerberg on how to continue to be the face of a brand when no one actually likes you.

Derek Hynd's Missing Fins
Derek Hynd's Missing Fins
4 years ago

He’s about to be eliminated.

Preston
Preston
4 years ago

Is Laird going ‘switch on the packaging photo?

Chas Smith
Chas Smith
4 years ago
Reply to  Preston

Many surf-based websites declare that Kelly Slater is the GOAT but switch barrel SUP is the true standard.

disqus_00d1gIXedO
disqus_00d1gIXedO
4 years ago
Reply to  Chas Smith

switch barrel SUP is too tawdry to imagine, even for a website co-owner by DR

astro
astro
4 years ago

Tip. Luxuries are out.
Cept if you’re filthy rich, a trustafarian or the like.
Spare a thought for the plight of the poor and homeless as you pass on your way to Surf Ranch.

tim_nelsen
tim_nelsen
4 years ago
Reply to  astro

“deep wallet cutbacks, floaters, and airs are out!”

judges: “WE DEMAND BARRELS…”

Brendan M. Wood
Brendan M. Wood
4 years ago
Reply to  astro

You sound miserable.


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