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Is Newsmax Stock (NMAX) a Buy?
Buffett wrote to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders in 2014 that he and his late business partner, Charlie Munger, had a two-step test to decide whether or not they should buy ...
Newsmax sued its larger news rival Fox Corp in federal court in Florida on Wednesday, accusing the media giant of suppressing ...
Following new waves of sell-offs, Newsmax stock is down roughly 95% from its all-time high.
Since then, the stock has gradually faded, and it now trades just above $12 a share, hovering near its all-time low. Now that the initial euphoria from its debut has passed, is Newsmax a buy?
Newsmax (NYSE: NMAX) stock got hit with a double-digit sell-off last month despite a bullish backdrop for the broader market trading. The company's share price fell 12.2% across July's trading.
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Is Newsmax Stock a Buy Now?
Newsmax's financials After pulling back, Newsmax stock is trading at a more reasonable valuation, but the company is still unprofitable and has a price-to-sales ratio of 9.
Newsmax has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation suit over false claims of rigging 2020 election.
Newsmax shares are trading higher Monday after the company announced it had settled its lawsuit with Dominion Voting Systems.
Newsmax's growth is limited by its niche audience and heavy association with Trump. Click here to see why NMAX stock is a Sell.
WILMINGTON, DEL. >> Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the ...
In an unusual statement, Newsmax said it chose to settle because the Delaware judge handling the case was prejudiced against the company, and it stood by its coverage as fair and balanced.
Dominion had accused Newsmax of broadcasting "verifiably false lies" following President Joe Biden's victory in 2020.
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