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Yeah, but look at their cash positions. I posted an analysis [1] based on their published financials in another thread; basically their revenue could go to zer
by nostrademons 7y ago
Yeah, but look at their cash positions. I posted an analysis [1] based on their published financials in another thread; basically their revenue could go to zero and they'd be fine for a year and a half. With a more realistic 75% drop in revenues they'd be fine for about 5 years; with a 50% drop in revenues they'd still be profitable.
[1] https://news.ycombinator.com/item?id=22884042 https://news.ycombinator.com/item?id=22884042
- amylene 7y agoIsn’t this a result of good governance, ie no stock buybacks?
- nostrademons 7y agoThat's one factor. Also great margins, a disciplined acquisition strategy, monopoly position, an inherently labor-efficient business model, and a shrewd prop-trading desk.
- tr33house 7y agoFYI they've been heavily buying back stock