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Michael Burry is extremely bearish on their business model and has written excellent pieces on why he is shorting Palantir.
by estetlinus 8mo ago
Michael Burry is extremely bearish on their business model and has written excellent pieces on why he is shorting Palantir.
- asdff 8mo agoBurry is probably right, but he forgets that Thiel is friends with Trump, so the merits of business don't matter for Palantir to secure lucrative government contracts.
- impossiblefork 8mo agoBut is Trump really going to give Palantir a contract allowing Palantir to make 10-15 billion per annum and hand that out to shareholders? That's what's required to get the P/E ratio to 15.
- asdff 8mo agoHaving things make sense with PE ratios is no longer a requirement. What is Tesla's again?
- impossiblefork 8mo agoThat's true for a while, but never for ever. But the market is unlikely to be irrational forever.
- impossiblefork 8mo agoThe valuation is obviously insane. You can't have that kind of P/E ratios. Same thing with Tesla.
- caminante 8mo agoI don't get it either man. Still have >$300 billion market cap on <$5 billion annual revenues. This is AFTER falling 30% since December.