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SimBull MLB: SimYankees in Big Trouble
The New York Yankees just had one of the most catastrophic losses I have ever seen on a baseball field. After tagging Shohei Ohtani for seven runs in 2/3 of an inning, it looked like a sure victory over the Los Angeles Angels. Eight innings later, Aroldis Chapman surrendered a game-tying grand slam to Jared Walsh. The Yankees would go on to lose the game 11-8. With the loss, they fell to 41-39, nine games out of the AL East lead. That loss was a microcosm of what the Yankees have been all season – an underperforming team that has never capitalized on a big-name roster. They are flat-out bad. Of course, this has implications for the SimYankees share price on the SimBull MLB market.
Sell the SimYankees Right This Instant
As of now, the SimYankees are the second most expensive share on the SimBull MLB market at $40.39 a pop. A month ago, they hit their all-time high at $51.34 a share. Needless to say, they have not been worth that price at any point during this season. The Yankees have the second-highest share price and sit at No. 15 of all MLB teams in win percentage. When the cost of a share doesn’t reflect its intrinsic value, that’s called a bubble. And bubbles tend to burst. This price has to crash at some point.
People are starting to catch on that the Yankees are actually a pretty bad team. There’s a lot to be said for brand recognition, which is probably the only thing the Bronx Bombers have going for them at this point. The strength of the Yankee brand is the only explicable reason for why such a horrible on-field product would result in the second-highest share price. Like I said, people are starting to figure it out. That’s why the SimYankees price has dropped $10 in the last month.
I don’t own any SimYankees stock, but if I did, I would be selling it off as soon as possible and waiting to buy low again.
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Disclaimer: I want to clearly communicate that this is all my opinion and my individual assessment of value. I am not a financial advisor. Be smart with how you invest your money.
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