Every business has a price at which you should buy it. For some that price is negative.
Joined June 2018
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21 Sep 2023
The Vinfast deSPAC seems like one of the boldest schemes to dumb worthless securities on retail I have seen in a long time (ever?).
The company has a float of <<1% and is releasing shares from lock-up a month after the deSPAC and already plans to sell new equity.
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21 Sep 2023
*"dump worthless securities" obviously, but not going to pay Elon for that
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21 Sep 2023
For those that don't know the company:
- 99% owned by vietnamese communist party connected tycoon
- Negative $2.6b of equity for an auto OEM
- Run-rate losses of $1.5-2b
- $67m cash (06/30) before SPAC money
- Incredible amount of related party transactions
- Faulty products
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21 Sep 2023
I really do hope the SEC does not approve their new F-1, because ever additional $ that goes into this is just gone
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24 Jul 2023
"My grandfather rode a camel, my father rode a camel, I ride a Mercedes, my son rides a Land Rover, and my grandson is going to ride a Land Rover…but my great-grandson is going to have to ride a camel again."-ex. Emir of Dubai
MBS working hard to make it a reality for the Saudis
24 Jul 2023
Al Hilal offering €300m transfer fee to PSG. In addition to this they are prepared to offer Mbappe a salary package of €700m over one year, after which he would be free to depart for Real Madrid should he so wish.
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6 Oct 2022
I remember fintwit telling me that Bytedance was a 60% EBITDA business at the core and had better margins than $META, but even gross margins are not 60% and Q1 2022 was the first quarter with positive EBIT.
wsj.com/articles/tiktok-pare…
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16 Jun 2022
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Frazier retweeted
26 Oct 2021
$FB
Guided Incremental Margins
vs.
Realized Incremental Margins
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Frazier retweeted
18 Apr 2022
Freedom isn't free. Neither is stock based comp.
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16 Feb 2022
The $ANGI numbers are atrocious any way I look at them. Most of the revenue growth is coming from accounting games and the total home roofing acquisition. Even the rebranding doesn't seem to go well.
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16 Feb 2022
Assumption are 25% gross vs net for services, total roofing 100% gross vs net with half of Q3 services growth from acquistion (Q3 call) and some roofing seasonality in Q4.
Also the January numbers published with the results are even worse.
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9 Nov 2021
Why is everyone acting like $PYPL is screaming cheap here? Stop adjusting for SBC and apply a normal tax rate and it is trading at ~45x 2022 EPS even if you assume 20% growth some operating leverage.
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9 Nov 2021
And yes, SBC is a real expense just like it is not
appropriate to model a low tax rate based on current financials if >90% of the value is in the out years.
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5 Nov 2021
5 Nov 2021
6/ Analyst asked point blank whether SQ will allow other crypto trading or dabble into NFTs?
The answer is no.
"Our focus is on helping Bitcoin to become the native currency for the Internet."
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2 Nov 2021
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Frazier retweeted
25 Oct 2021
"We expect our investment in Facebook Reality Labs to reduce our overall operating profit in 2021 by approximately $10 billion."
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