2 ms·

The narrative is hard to buy into when they've lost >50% of their value since IPO so far. I can buy they are doing awesome in the abstract sense, but ...

• metadat 4y ago
  Not $600B. Yeah.
• jen20 4y ago
  > The narrative is hard to buy into when they've lost >50% of their value since IPO so far. Many companies on NASDAQ have lost 50% of their value in that time window. It just happened to co-incide with a global downturn.
  • DannyBee 4y ago
    Sure, but that's also kind of the point - they aren't special in any meaningful way. If you look at their reports - they are going to have to massively cut costs somehow.
• Koffiepoeder 4y ago
  If you look at their EBITDA and EPS and compare with their growth, future is not looking all to bright. They either are going to have to massively cut expenses (thereby potentially losing their R&D advantage), increase their conversions/sales or greatly raise their prices. Not saying that it's not possible, but it's a high risk bet to be fair. Nevertheless, a stock with a great upwards potential if they execute rightly. But that's a big if.