I 100% agree (reached the same conclusion). Adding to your points, I find it ridiculous that the market is paying a 560x multiple (FY2024) on a company's earnings (non-adjusted), especially when 42% of those earnings come from interest income ...
I bought it at 7Bucks and sold one month ago,the business is interesting and scalable but the valuetion is crazy.it rember me sea,it went from 10 to 400 bucksin 2021,to implode after..the story rhymes..
Do you even think it will get to $44 again?
For now, it seems impossible, much like when PayPal reaching $70 felt unrealistic while trading around $200. Let's see how the stock evolves
I 100% agree (reached the same conclusion). Adding to your points, I find it ridiculous that the market is paying a 560x multiple (FY2024) on a company's earnings (non-adjusted), especially when 42% of those earnings come from interest income ...
btw love your content!
Thanks for your comment and the feedback! Appreciate it!
*Interest income is ~20% of adjusted net income (adjusted mainly by $692m of SBC in 2024)
down 10 pts today. sensitive to defense budget!!!!!!
Anf way too expensive!
I bought it at 7Bucks and sold one month ago,the business is interesting and scalable but the valuetion is crazy.it rember me sea,it went from 10 to 400 bucksin 2021,to implode after..the story rhymes..
Well played! I agree that the business is very interesting!