Genius Brands Isn't as Smart as It Thinks It Is
When you take on the role of being your own hype machine, no one should be surprised when reality falls short of the promise. Shares of Genius Brands (NASDAQ: GNUS) plummeted 25% on Monday and opened another 17% lower on Tuesday after failing to wow investors with a new content announcement that it had been touting since late last week.
The slide undoes the stock's 54% surge on Thursday (the final trading day of last week) that came after Genius scheduled a conference call for Monday morning this week to discuss what it pitched as an "exciting business development." It turned out to be "business development," but the market is arguing that the choice of "exciting" as an adjective wasn't exactly warranted.
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Source Fool.com
