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kidpongs
2022-08-19
Someone's gotta stop them from making moves like these. #buyandhodl?
Bed Bath & Beyond's stock price warrants an 80% drop: Analyst
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gotta stop them from making moves like these. #buyandhodl?","listText":"Someone's gotta stop them from making moves like these. #buyandhodl?","text":"Someone's gotta stop them from making moves like these. #buyandhodl?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991260838","repostId":"2260356274","repostType":2,"repost":{"id":"2260356274","pubTimestamp":1660842636,"share":"https://ttm.financial/m/news/2260356274?lang=&edition=fundamental","pubTime":"2022-08-19 01:10","market":"us","language":"en","title":"Bed Bath & Beyond's stock price warrants an 80% drop: Analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2260356274","media":"Yahoo Finance","summary":"Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock t","content":"<html><body><p>Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock trading and warrants a good ole fashioned slamming, according to UBS analyst Michael Lasser. </p>\n<p>On Thursday, Lasser reiterated a sell rating on Bed Bath & Beyond shares and slapped the stock with $3.50 price target, which assumed about 80% downside risk to the current BBBY stock price. </p>\n<p>\"I think that the company is still very challenged,\" Lasser said on Yahoo Finance Live. \"Sales have been under immense pressure. That is probably going to continue. This is even before we are in a real, true consumer recession. The stock has been disconnected from the fundamentals. It has been due to flows in the market and noise. As the stock becomes re-coupled with what's actually happening at the company, there is going to be significant downside.\"</p>\n<figure>\n<img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-09/bc0e1370-2206-11ec-be3b-2beba5cd9faf\"/>\n<figcaption>\n Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts, U.S. June 17, 2016. REUTERS/Brian Snyder\n </figcaption>\n<div>\n Brian Snyder / reuters\n </div>\n</figure>\n<p>Lasser's bearish call comes amid an otherwise bizarro few weeks for the badly struggling retailer.</p>\n<p>Shares of the retailer — which is on the brink of potential financial chaos —have exploded 260% so far in August as retail investors rally around the meme stock. Bed Bath & Beyond stock skyrocketed by nearly 70% in intraday trading on Tuesday as a result of a massive short squeeze.</p>\n<p>BBBY stock finished that session up 29% in a volatile.</p>\n<p>Since Tuesday, the stock has tacked on another 11% even after dropping more than 20% after news that GameStop Chairman Ryan Cohen filed to dump all of his shares.</p>\n<p>The insane trading activity for Bed Bath & Bath & Beyond appears to have been triggered by a few red meat items for the enthusiastic meme community, led by redditors on the r/wallstreetbets message board.</p>\n<p>First, Cohen purchased out of the money call options on 1.6 million shares of Bed bath with strike prices between $60 and $80, according to a regulatory filing released Monday. That sent shares rocketing higher the next day.</p>\n<p>Then, Cohen's RC Ventures issued a new filing late Wednesday flagging the intent to sell his 11.8% stake in the retailer. That sent the stock into a fresh tailspin, as mentioned above.</p>\n<p>\"We think the fact that RC Ventures plans to liquidate its entire stake in the stock is a telling sign that there is less and less support of key fundamentally driven names in this gave,\" Wedbush analyst Seth Basham, who also has a sell rating on Bed Bath & Beyond stock, said on Yahoo Finance Live. \"With that catalyst, we think the stock can reverse its course and start trading down.\"</p>\n<p>In the meantime, the meme community is once again rallying together to counter institutional forces that hold opposing views on the stock and the underlying business.</p>\n<p>On Monday, Yahoo Finance reported on signs of financial stress at Bed Bath & Beyond locations in New York — and received from feedback from BBBY fans. On Tuesday, B Riley slashed its rating to Sell on Bed Bath & Beyond, citing bewildering valuation on the stock in the same vein as UBS's Lasser.</p>\n<div></div>\n<p>To be sure, all is not well fundamentally at Bed Bath & Beyond as Wall Street correctly points out.</p>\n<p>After a failed push in 2021 and most of 2022 into stocking stores with private label goods no one had heard of while also closing stores and firing workers, Bed Bath & Beyond ended its most recent quarter with a little more than $100 million in cash, tanking sales, weak store traffic, and a badly damaged brand.</p>\n<p>There is currently an interim CEO running the business, which came about after the booting of former top Target exec Mark Tritton, and some observers are wondering whether vendors will continue to ship all of the merchandise that Bed Bath & Beyond needs for the holiday season amid the retailer's severely weakened financial state.</p>\n<p>Bed Bath & Beyond said late Wednesday in a filing of its own it may have an announcement on a capital raise by the end of August. </p>\n<p>\"The road ahead will be long and filled with a lot of challenges,\" Lasser said. \"If they do come out of this challenging situation, the business could look a lot different — probably would look smaller.\"</p>\n<p><em>Brian Sozzi</em><em> is an editor-at-large and </em><em>anchor at Yahoo Finance</em><em>. Follow Sozzi on Twitter </em><em>@BrianSozzi</em><em> and on </em><em>LinkedIn</em><em>.</em></p>\n<p><strong>Click here for the latest trending stock tickers of the Yahoo Finance platform</strong></p>\n<p><strong>Click here for the latest stock market news and in-depth analysis, including events that move stocks</strong></p>\n<p><strong>Read the latest financial and business news from Yahoo Finance</strong></p>\n<p><em>Download the Yahoo Finance app for </em><em>Apple</em><em> or </em><em>Android</em></p>\n<p><em>Follow Yahoo Finance on </em><em>Twitter</em><em>, </em><em>Facebook</em><em>, </em><em>Instagram</em><em>, </em><em>Flipboard</em><em>, </em><em>LinkedIn</em><em>, and</em><em> YouTube</em></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond's stock price warrants an 80% drop: Analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond's stock price warrants an 80% drop: Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-19 01:10 GMT+8 <a href=https://finance.yahoo.com/news/bed-bath-beyond-stock-analyst-171036665.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock trading and warrants a good ole fashioned slamming, according to UBS analyst Michael Lasser. \nOn ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bed-bath-beyond-stock-analyst-171036665.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/9gqpSWJxeHkx3t7jPZX73Q--~B/aD0zMjcwO3c9NDkwNTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2021-09/bc0e1370-2206-11ec-be3b-2beba5cd9faf","relate_stocks":{"BK4178":"家庭装饰零售","BBBY":"3B家居","BK4547":"WSB热门概念"},"source_url":"https://finance.yahoo.com/news/bed-bath-beyond-stock-analyst-171036665.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2260356274","content_text":"Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock trading and warrants a good ole fashioned slamming, according to UBS analyst Michael Lasser. \nOn Thursday, Lasser reiterated a sell rating on Bed Bath & Beyond shares and slapped the stock with $3.50 price target, which assumed about 80% downside risk to the current BBBY stock price. \n\"I think that the company is still very challenged,\" Lasser said on Yahoo Finance Live. \"Sales have been under immense pressure. That is probably going to continue. This is even before we are in a real, true consumer recession. The stock has been disconnected from the fundamentals. It has been due to flows in the market and noise. As the stock becomes re-coupled with what's actually happening at the company, there is going to be significant downside.\"\n\n\n\n Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts, U.S. June 17, 2016. REUTERS/Brian Snyder\n \n\n Brian Snyder / reuters\n \n\nLasser's bearish call comes amid an otherwise bizarro few weeks for the badly struggling retailer.\nShares of the retailer — which is on the brink of potential financial chaos —have exploded 260% so far in August as retail investors rally around the meme stock. Bed Bath & Beyond stock skyrocketed by nearly 70% in intraday trading on Tuesday as a result of a massive short squeeze.\nBBBY stock finished that session up 29% in a volatile.\nSince Tuesday, the stock has tacked on another 11% even after dropping more than 20% after news that GameStop Chairman Ryan Cohen filed to dump all of his shares.\nThe insane trading activity for Bed Bath & Bath & Beyond appears to have been triggered by a few red meat items for the enthusiastic meme community, led by redditors on the r/wallstreetbets message board.\nFirst, Cohen purchased out of the money call options on 1.6 million shares of Bed bath with strike prices between $60 and $80, according to a regulatory filing released Monday. That sent shares rocketing higher the next day.\nThen, Cohen's RC Ventures issued a new filing late Wednesday flagging the intent to sell his 11.8% stake in the retailer. That sent the stock into a fresh tailspin, as mentioned above.\n\"We think the fact that RC Ventures plans to liquidate its entire stake in the stock is a telling sign that there is less and less support of key fundamentally driven names in this gave,\" Wedbush analyst Seth Basham, who also has a sell rating on Bed Bath & Beyond stock, said on Yahoo Finance Live. \"With that catalyst, we think the stock can reverse its course and start trading down.\"\nIn the meantime, the meme community is once again rallying together to counter institutional forces that hold opposing views on the stock and the underlying business.\nOn Monday, Yahoo Finance reported on signs of financial stress at Bed Bath & Beyond locations in New York — and received from feedback from BBBY fans. On Tuesday, B Riley slashed its rating to Sell on Bed Bath & Beyond, citing bewildering valuation on the stock in the same vein as UBS's Lasser.\n\nTo be sure, all is not well fundamentally at Bed Bath & Beyond as Wall Street correctly points out.\nAfter a failed push in 2021 and most of 2022 into stocking stores with private label goods no one had heard of while also closing stores and firing workers, Bed Bath & Beyond ended its most recent quarter with a little more than $100 million in cash, tanking sales, weak store traffic, and a badly damaged brand.\nThere is currently an interim CEO running the business, which came about after the booting of former top Target exec Mark Tritton, and some observers are wondering whether vendors will continue to ship all of the merchandise that Bed Bath & Beyond needs for the holiday season amid the retailer's severely weakened financial state.\nBed Bath & Beyond said late Wednesday in a filing of its own it may have an announcement on a capital raise by the end of August. \n\"The road ahead will be long and filled with a lot of challenges,\" Lasser said. \"If they do come out of this challenging situation, the business could look a lot different — probably would look smaller.\"\nBrian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.\nClick here for the latest trending stock tickers of the Yahoo Finance platform\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance\nDownload the Yahoo Finance app for Apple or Android\nFollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461707,"gmtCreate":1628961108709,"gmtModify":1676529900420,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Covid","listText":"Covid","text":"Covid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897461707","repostId":"1167599158","repostType":4,"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461248,"gmtCreate":1628961069384,"gmtModify":1676529900412,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Rly?","listText":"Rly?","text":"Rly?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897461248","repostId":"1196685545","repostType":4,"repost":{"id":"1196685545","pubTimestamp":1628902806,"share":"https://ttm.financial/m/news/1196685545?lang=&edition=fundamental","pubTime":"2021-08-14 09:00","market":"us","language":"en","title":"Why Facebook Can More Than Triple From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1196685545","media":"seekingalpha","summary":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on funda","content":"<p><b>Summary</b></p>\n<ul>\n <li>Facebook is undervalued under current market conditions.</li>\n <li>Our projections are based on fundamental factors.</li>\n <li>Facebook is a top-quality tech stock.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a92bd1805e2e464efa5a04aa1ba20306\" tg-width=\"768\" tg-height=\"509\" width=\"100%\" height=\"auto\"><span>Urupong/iStock via Getty Images</span></p>\n<p><i>Note: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.</i></p>\n<p>Previously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.</p>\n<p><b>Valuation</b></p>\n<p>To value Facebook, we will first need to determine three things:</p>\n<ol>\n <li>Reinvestment rate</li>\n <li>Revenue-to-capital ratio</li>\n <li>Incremental revenue to capital</li>\n</ol>\n<p>For Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.</p>\n<p>Next, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c301a8c6593bdb466b41eeedad77431d\" tg-width=\"640\" tg-height=\"79\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>As you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).</p>\n<p>Our projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:</p>\n<p><img src=\"https://static.tigerbbs.com/68b34dd807013a1cdb07092d7820d86c\" tg-width=\"640\" tg-height=\"490\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9927f1942fffea9ca8efb85933816f54\" tg-width=\"640\" tg-height=\"171\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>Forecast Assumptions For Above Image</b></p>\n<ul>\n <li>Gross profit leverage averaged 0.93 in the past several years.</li>\n <li>For operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.</li>\n <li>Set all the margins under \"supporting calculations\" to their historical averages.</li>\n</ul>\n<p>Plugging these numbers into a discounted cash flow, we get the following result:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdec27cc8ad91c3458a79b6eebc1a3a0\" tg-width=\"640\" tg-height=\"302\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Since Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.</p>\n<p>Since discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.</p>\n<p><img src=\"https://static.tigerbbs.com/a5c7f7656217a04716ef93115a25cf78\" tg-width=\"534\" tg-height=\"269\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Therefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.</p>\n<p><b>Risks</b></p>\n<p>There are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.</p>\n<p>The second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.</p>\n<p><b>Final Thoughts</b></p>\n<p>Facebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Facebook Can More Than Triple From Here</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Facebook Can More Than Triple From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 09:00 GMT+8 <a href=https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196685545","content_text":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.\nPreviously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.\nValuation\nTo value Facebook, we will first need to determine three things:\n\nReinvestment rate\nRevenue-to-capital ratio\nIncremental revenue to capital\n\nFor Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.\nNext, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.\nSource: Author\nAs you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).\nOur projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:\n\nSource: Author\nForecast Assumptions For Above Image\n\nGross profit leverage averaged 0.93 in the past several years.\nFor operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.\nSet all the margins under \"supporting calculations\" to their historical averages.\n\nPlugging these numbers into a discounted cash flow, we get the following result:\nSource: Author\nSince Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.\nSince discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.\n\nTherefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.\nRisks\nThere are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.\nThe second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.\nFinal Thoughts\nFacebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461171,"gmtCreate":1628961015593,"gmtModify":1676529900403,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Nani","listText":"Nani","text":"Nani","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897461171","repostId":"1196685545","repostType":4,"repost":{"id":"1196685545","pubTimestamp":1628902806,"share":"https://ttm.financial/m/news/1196685545?lang=&edition=fundamental","pubTime":"2021-08-14 09:00","market":"us","language":"en","title":"Why Facebook Can More Than Triple From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1196685545","media":"seekingalpha","summary":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on funda","content":"<p><b>Summary</b></p>\n<ul>\n <li>Facebook is undervalued under current market conditions.</li>\n <li>Our projections are based on fundamental factors.</li>\n <li>Facebook is a top-quality tech stock.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a92bd1805e2e464efa5a04aa1ba20306\" tg-width=\"768\" tg-height=\"509\" width=\"100%\" height=\"auto\"><span>Urupong/iStock via Getty Images</span></p>\n<p><i>Note: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.</i></p>\n<p>Previously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.</p>\n<p><b>Valuation</b></p>\n<p>To value Facebook, we will first need to determine three things:</p>\n<ol>\n <li>Reinvestment rate</li>\n <li>Revenue-to-capital ratio</li>\n <li>Incremental revenue to capital</li>\n</ol>\n<p>For Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.</p>\n<p>Next, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c301a8c6593bdb466b41eeedad77431d\" tg-width=\"640\" tg-height=\"79\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>As you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).</p>\n<p>Our projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:</p>\n<p><img src=\"https://static.tigerbbs.com/68b34dd807013a1cdb07092d7820d86c\" tg-width=\"640\" tg-height=\"490\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9927f1942fffea9ca8efb85933816f54\" tg-width=\"640\" tg-height=\"171\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>Forecast Assumptions For Above Image</b></p>\n<ul>\n <li>Gross profit leverage averaged 0.93 in the past several years.</li>\n <li>For operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.</li>\n <li>Set all the margins under \"supporting calculations\" to their historical averages.</li>\n</ul>\n<p>Plugging these numbers into a discounted cash flow, we get the following result:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdec27cc8ad91c3458a79b6eebc1a3a0\" tg-width=\"640\" tg-height=\"302\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Since Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.</p>\n<p>Since discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.</p>\n<p><img src=\"https://static.tigerbbs.com/a5c7f7656217a04716ef93115a25cf78\" tg-width=\"534\" tg-height=\"269\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Therefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.</p>\n<p><b>Risks</b></p>\n<p>There are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.</p>\n<p>The second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.</p>\n<p><b>Final Thoughts</b></p>\n<p>Facebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Facebook Can More Than Triple From Here</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Facebook Can More Than Triple From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 09:00 GMT+8 <a href=https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196685545","content_text":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.\nPreviously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.\nValuation\nTo value Facebook, we will first need to determine three things:\n\nReinvestment rate\nRevenue-to-capital ratio\nIncremental revenue to capital\n\nFor Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.\nNext, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.\nSource: Author\nAs you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).\nOur projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:\n\nSource: Author\nForecast Assumptions For Above Image\n\nGross profit leverage averaged 0.93 in the past several years.\nFor operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.\nSet all the margins under \"supporting calculations\" to their historical averages.\n\nPlugging these numbers into a discounted cash flow, we get the following result:\nSource: Author\nSince Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.\nSince discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.\n\nTherefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.\nRisks\nThere are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.\nThe second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.\nFinal Thoughts\nFacebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461983,"gmtCreate":1628960957342,"gmtModify":1676529900395,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Kewl","listText":"Kewl","text":"Kewl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/897461983","repostId":"2159321505","repostType":4,"repost":{"id":"2159321505","pubTimestamp":1628911811,"share":"https://ttm.financial/m/news/2159321505?lang=&edition=fundamental","pubTime":"2021-08-14 11:30","market":"us","language":"en","title":"Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2159321505","media":"MarketWatch","summary":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. ","content":"<p>Board members would serve for two years rather than three</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p>\n<p>Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p>\n<p>One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.</p>\n<p>If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.</p>\n<p>The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p>\n<p>Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p>\n<p>Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p>\n<p>The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p>\n<p>Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla seeks to reduce board members’ terms, make other changes in October shareholder meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 11:30 GMT+8 <a href=https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., ...</p>\n\n<a href=\"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159321505","content_text":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.\nOne of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.\nIf the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.\nThe board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.\nTesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.\nTesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.\nThe two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.\nTesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897463779,"gmtCreate":1628960938291,"gmtModify":1676529900386,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Kewl","listText":"Kewl","text":"Kewl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897463779","repostId":"2159655218","repostType":4,"repost":{"id":"2159655218","pubTimestamp":1628908581,"share":"https://ttm.financial/m/news/2159655218?lang=&edition=fundamental","pubTime":"2021-08-14 10:36","market":"us","language":"en","title":"3 High-Risk Stocks to Add to Your Watch List","url":"https://stock-news.laohu8.com/highlight/detail?id=2159655218","media":"Motley Fool","summary":"All three have the potential to generate multibagger returns.","content":"<p>Identifying winning stocks in hindsight is a simple task. What's several times more difficult, though, is finding potential winners before they take off. Companies working on emerging technologies often face significant risks. At the same time, if successful, their stocks could generate windfall returns. Here are three such companies that are working on the technologies and infrastructure of the future.</p>\n<h2>QuantumScape</h2>\n<p>The number of electric vehicles in use worldwide is increasing with each passing day. The shift from internal combustion engine vehicles to EVs is unstoppable. <b>QuantumScape</b> (NYSE:QS) may play a critical role in this transition. The company believes that the solid-state batteries it is developing can provide greater range and quicker recharge times than the lithium-ion batteries currently in use. What's more, its batteries should, in theory, also cost less than lithium-ion batteries.</p>\n<p>If QuantumScape can deliver what it is promising, it would have a huge market for its batteries. The company estimates $450 billion of potential annual battery sales if all 90+ million vehicles produced annually shift to batteries.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0c508f83e640ee60358978783df1ecf\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<p>There are, however, several risks to consider. QuantumScape is still developing the technology and is several years away from commercial production. Its batteries have so far only been sample tested in labs. In its second-quarter results, the company announced that it is testing 10-layer cells and progressing according to its plans. Notably, batteries for use in EVs need several dozen of such layers, something the company expects to accomplish in 2022. At the same time, QuantumScape is slightly ahead of schedule for its pre-pilot manufacturing line. Overall, the company said it is progressing on time.</p>\n<p>QuantumScape doesn't expect to generate positive EBITDA before 2027. That's a long time from now, and many things can go wrong in the meantime. But this stock must be on your watch list, even if you decide not to buy it right now.</p>\n<h2>ChargePoint Holdings</h2>\n<p>Another stock to potentially benefit from the growth in EVs is electric charging company <b>ChargePoint</b> (NYSE:CHPT). With more than 112,000 charging points in North America and Europe, ChargePoint is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest EV charging companies in the world. The company claims to control 70% of the public level 2 charging market share in North America.</p>\n<p>Like other EV charging providers, ChargePoint isn't profitable right now. It hopes to generate positive EBITDA in 2024. Though a well-functioning public charging network is essential for the growth of EVs, the model for development of this infrastructure is still evolving. Some EV makers, such as <b>Tesla</b>, are developing their own charging networks. Others, such as <b>General Motors,</b> are partnering with several public EV charging companies, essentially suggesting that all chargers are basically the same.</p>\n<p>EV charging companies, in turn, are finding innovative ways to generate revenue while continuing to expand their infrastructure. This infrastructure, if properly developed and maintained, should surely be of value in the future. As a top player, ChargePoint could be better placed than others to benefit from the expected growth in EVs. You wouldn't want to miss watching how this company evolves over time.</p>\n<h2>Bloom Energy</h2>\n<p>Fuel cells have certainly attracted investors' attention lately. However, makers of proton-exchange membrane (PEM) fuel cells, such as <b>Plug Power</b>, remain the primary focus. That's because PEM fuel cells find applications in the transport segment due to their quick start and stop times, as well as their lighter weight.</p>\n<p>However, another key area for fuel cells that doesn't get so much interest but is of great significance is stationary baseload generation and back-up power. <b>Bloom Energy</b> (NYSE:BE) is primarily focused on this segment. It is also expanding into carbon capture technologies, marine transport, and hydrogen fuel cells and electrolyzers. Overall, the company pegs its total addressable market at over $2 trillion.</p>\n<p>Bloom Energy fares better on key financial metrics compared to other fuel cell makers. In the last three years, the company has grown its revenue, shrank losses, and improved margins. Bloom Energy expects that its cash from operations will move toward positive territory for full-year 2021. It also expects to achieve non-GAAP operating margin of around 3% for the year. This overlooked stock definitely needs to be on your watch list of growth stocks.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Risk Stocks to Add to Your Watch List</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-Risk Stocks to Add to Your Watch List\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 10:36 GMT+8 <a href=https://www.fool.com/investing/2021/08/13/3-high-risk-stocks-to-add-to-your-watchlist/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Identifying winning stocks in hindsight is a simple task. What's several times more difficult, though, is finding potential winners before they take off. Companies working on emerging technologies ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/13/3-high-risk-stocks-to-add-to-your-watchlist/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QS":"Quantumscape Corp.","CHPT":"ChargePoint Holdings Inc.","BE":"Bloom Energy Corp"},"source_url":"https://www.fool.com/investing/2021/08/13/3-high-risk-stocks-to-add-to-your-watchlist/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159655218","content_text":"Identifying winning stocks in hindsight is a simple task. What's several times more difficult, though, is finding potential winners before they take off. Companies working on emerging technologies often face significant risks. At the same time, if successful, their stocks could generate windfall returns. Here are three such companies that are working on the technologies and infrastructure of the future.\nQuantumScape\nThe number of electric vehicles in use worldwide is increasing with each passing day. The shift from internal combustion engine vehicles to EVs is unstoppable. QuantumScape (NYSE:QS) may play a critical role in this transition. The company believes that the solid-state batteries it is developing can provide greater range and quicker recharge times than the lithium-ion batteries currently in use. What's more, its batteries should, in theory, also cost less than lithium-ion batteries.\nIf QuantumScape can deliver what it is promising, it would have a huge market for its batteries. The company estimates $450 billion of potential annual battery sales if all 90+ million vehicles produced annually shift to batteries.\nImage source: Getty Images.\nThere are, however, several risks to consider. QuantumScape is still developing the technology and is several years away from commercial production. Its batteries have so far only been sample tested in labs. In its second-quarter results, the company announced that it is testing 10-layer cells and progressing according to its plans. Notably, batteries for use in EVs need several dozen of such layers, something the company expects to accomplish in 2022. At the same time, QuantumScape is slightly ahead of schedule for its pre-pilot manufacturing line. Overall, the company said it is progressing on time.\nQuantumScape doesn't expect to generate positive EBITDA before 2027. That's a long time from now, and many things can go wrong in the meantime. But this stock must be on your watch list, even if you decide not to buy it right now.\nChargePoint Holdings\nAnother stock to potentially benefit from the growth in EVs is electric charging company ChargePoint (NYSE:CHPT). With more than 112,000 charging points in North America and Europe, ChargePoint is one of the biggest EV charging companies in the world. The company claims to control 70% of the public level 2 charging market share in North America.\nLike other EV charging providers, ChargePoint isn't profitable right now. It hopes to generate positive EBITDA in 2024. Though a well-functioning public charging network is essential for the growth of EVs, the model for development of this infrastructure is still evolving. Some EV makers, such as Tesla, are developing their own charging networks. Others, such as General Motors, are partnering with several public EV charging companies, essentially suggesting that all chargers are basically the same.\nEV charging companies, in turn, are finding innovative ways to generate revenue while continuing to expand their infrastructure. This infrastructure, if properly developed and maintained, should surely be of value in the future. As a top player, ChargePoint could be better placed than others to benefit from the expected growth in EVs. You wouldn't want to miss watching how this company evolves over time.\nBloom Energy\nFuel cells have certainly attracted investors' attention lately. However, makers of proton-exchange membrane (PEM) fuel cells, such as Plug Power, remain the primary focus. That's because PEM fuel cells find applications in the transport segment due to their quick start and stop times, as well as their lighter weight.\nHowever, another key area for fuel cells that doesn't get so much interest but is of great significance is stationary baseload generation and back-up power. Bloom Energy (NYSE:BE) is primarily focused on this segment. It is also expanding into carbon capture technologies, marine transport, and hydrogen fuel cells and electrolyzers. Overall, the company pegs its total addressable market at over $2 trillion.\nBloom Energy fares better on key financial metrics compared to other fuel cell makers. In the last three years, the company has grown its revenue, shrank losses, and improved margins. Bloom Energy expects that its cash from operations will move toward positive territory for full-year 2021. It also expects to achieve non-GAAP operating margin of around 3% for the year. This overlooked stock definitely needs to be on your watch list of growth stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897463445,"gmtCreate":1628960902987,"gmtModify":1676529900395,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Look at amd","listText":"Look at amd","text":"Look at amd","images":[{"img":"https://static.tigerbbs.com/8fb5ae02a314a24458260f4b3c7d8471","width":"1440","height":"4117"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897463445","isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":345092729,"gmtCreate":1618253800261,"gmtModify":1704708190654,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579250436901881","authorIdStr":"3579250436901881"},"themes":[],"htmlText":"Meh","listText":"Meh","text":"Meh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/345092729","repostId":"1194635432","repostType":4,"repost":{"id":"1194635432","pubTimestamp":1618236146,"share":"https://ttm.financial/m/news/1194635432?lang=&edition=fundamental","pubTime":"2021-04-12 22:02","market":"us","language":"en","title":"Can You Make Coin Investing In Coinbase?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194635432","media":"seekingalpha","summary":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the ","content":"<p><b>Summary</b></p><ul><li>Coinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.</li><li>With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.</li><li>Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.</li><li>Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.</li></ul><p>I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?</p><p>At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.</p><p><b>Fundamental Risks 1: The US Regulatory Landscape</b></p><p>The US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.</p><p>Coinbase has the 2nd smallest coin listings</p><p>Coin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.</p><p>Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.</p><p>SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)</p><p>In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.</p><p>XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.</p><p>Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.</p><p>Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.</p><p><img src=\"https://static.tigerbbs.com/5bf68da62452a794c5daaa60ac989840\" tg-width=\"554\" tg-height=\"576\" referrerpolicy=\"no-referrer\">Source: Table created by Author fromCoinMarketCap</p><p><b>Other Regulatory Risks</b></p><p>Regulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.</p><p>Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.</p><p>Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.</p><p><b>Fundamental Risk 2: Losing a Winner-Takes-All Market</b></p><p>There are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.</p><p>Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.</p><p>On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.</p><p>In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).</p><p>Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.</p><p>In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.</p><p><img src=\"https://static.tigerbbs.com/01ca6dafd2b567bd920c5e9f8edc8fbb\" tg-width=\"640\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Valuation</b></p><p>The tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.</p><p>Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.</p><p>Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.</p><p>Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.</p><p>Table 3:Coinbase's Revenue from 2016-2020<img src=\"https://static.tigerbbs.com/de8396c363230e04130e43f63d653956\" tg-width=\"640\" tg-height=\"231\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 4:Coinbase's Profit from 2016-2020<img src=\"https://static.tigerbbs.com/be2327ad800bd3524a3aaa57e3a0b17f\" tg-width=\"640\" tg-height=\"208\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 5:Coinbase's Historical Valuations<img src=\"https://static.tigerbbs.com/4b1fd86395ee1b0e38f1f6fd472f84bd\" tg-width=\"640\" tg-height=\"159\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Verdict</b></p><p>In my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.</p><p>The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can You Make Coin Investing In Coinbase?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan You Make Coin Investing In Coinbase?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 22:02 GMT+8 <a href=https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194635432","content_text":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.Fundamental Risks 1: The US Regulatory LandscapeThe US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.Coinbase has the 2nd smallest coin listingsCoin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.Source: Table created by Author fromCoinMarketCapOther Regulatory RisksRegulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.Fundamental Risk 2: Losing a Winner-Takes-All MarketThere are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.Source:BusinessofAppsValuationThe tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.Table 3:Coinbase's Revenue from 2016-2020Source:BusinessofAppsTable 4:Coinbase's Profit from 2016-2020Source:BusinessofAppsTable 5:Coinbase's Historical ValuationsSource:BusinessofAppsVerdictIn my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":345092729,"gmtCreate":1618253800261,"gmtModify":1704708190654,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Meh","listText":"Meh","text":"Meh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/345092729","repostId":"1194635432","repostType":4,"repost":{"id":"1194635432","pubTimestamp":1618236146,"share":"https://ttm.financial/m/news/1194635432?lang=&edition=fundamental","pubTime":"2021-04-12 22:02","market":"us","language":"en","title":"Can You Make Coin Investing In Coinbase?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194635432","media":"seekingalpha","summary":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the ","content":"<p><b>Summary</b></p><ul><li>Coinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.</li><li>With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.</li><li>Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.</li><li>Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.</li></ul><p>I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?</p><p>At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.</p><p><b>Fundamental Risks 1: The US Regulatory Landscape</b></p><p>The US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.</p><p>Coinbase has the 2nd smallest coin listings</p><p>Coin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.</p><p>Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.</p><p>SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)</p><p>In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.</p><p>XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.</p><p>Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.</p><p>Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.</p><p><img src=\"https://static.tigerbbs.com/5bf68da62452a794c5daaa60ac989840\" tg-width=\"554\" tg-height=\"576\" referrerpolicy=\"no-referrer\">Source: Table created by Author fromCoinMarketCap</p><p><b>Other Regulatory Risks</b></p><p>Regulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.</p><p>Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.</p><p>Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.</p><p><b>Fundamental Risk 2: Losing a Winner-Takes-All Market</b></p><p>There are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.</p><p>Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.</p><p>On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.</p><p>In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).</p><p>Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.</p><p>In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.</p><p><img src=\"https://static.tigerbbs.com/01ca6dafd2b567bd920c5e9f8edc8fbb\" tg-width=\"640\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Valuation</b></p><p>The tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.</p><p>Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.</p><p>Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.</p><p>Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.</p><p>Table 3:Coinbase's Revenue from 2016-2020<img src=\"https://static.tigerbbs.com/de8396c363230e04130e43f63d653956\" tg-width=\"640\" tg-height=\"231\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 4:Coinbase's Profit from 2016-2020<img src=\"https://static.tigerbbs.com/be2327ad800bd3524a3aaa57e3a0b17f\" tg-width=\"640\" tg-height=\"208\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 5:Coinbase's Historical Valuations<img src=\"https://static.tigerbbs.com/4b1fd86395ee1b0e38f1f6fd472f84bd\" tg-width=\"640\" tg-height=\"159\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Verdict</b></p><p>In my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.</p><p>The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can You Make Coin Investing In Coinbase?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan You Make Coin Investing In Coinbase?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 22:02 GMT+8 <a href=https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194635432","content_text":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.Fundamental Risks 1: The US Regulatory LandscapeThe US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.Coinbase has the 2nd smallest coin listingsCoin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.Source: Table created by Author fromCoinMarketCapOther Regulatory RisksRegulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.Fundamental Risk 2: Losing a Winner-Takes-All MarketThere are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.Source:BusinessofAppsValuationThe tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.Table 3:Coinbase's Revenue from 2016-2020Source:BusinessofAppsTable 4:Coinbase's Profit from 2016-2020Source:BusinessofAppsTable 5:Coinbase's Historical ValuationsSource:BusinessofAppsVerdictIn my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461983,"gmtCreate":1628960957342,"gmtModify":1676529900395,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Kewl","listText":"Kewl","text":"Kewl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/897461983","repostId":"2159321505","repostType":4,"repost":{"id":"2159321505","pubTimestamp":1628911811,"share":"https://ttm.financial/m/news/2159321505?lang=&edition=fundamental","pubTime":"2021-08-14 11:30","market":"us","language":"en","title":"Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2159321505","media":"MarketWatch","summary":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. ","content":"<p>Board members would serve for two years rather than three</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p>\n<p>Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p>\n<p>One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.</p>\n<p>If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.</p>\n<p>The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p>\n<p>Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p>\n<p>Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p>\n<p>The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p>\n<p>Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla seeks to reduce board members’ terms, make other changes in October shareholder meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 11:30 GMT+8 <a href=https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., ...</p>\n\n<a href=\"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159321505","content_text":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.\nOne of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.\nIf the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.\nThe board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.\nTesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.\nTesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.\nThe two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.\nTesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461707,"gmtCreate":1628961108709,"gmtModify":1676529900420,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Covid","listText":"Covid","text":"Covid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897461707","repostId":"1167599158","repostType":4,"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897463779,"gmtCreate":1628960938291,"gmtModify":1676529900386,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Kewl","listText":"Kewl","text":"Kewl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897463779","repostId":"2159655218","repostType":4,"repost":{"id":"2159655218","pubTimestamp":1628908581,"share":"https://ttm.financial/m/news/2159655218?lang=&edition=fundamental","pubTime":"2021-08-14 10:36","market":"us","language":"en","title":"3 High-Risk Stocks to Add to Your Watch List","url":"https://stock-news.laohu8.com/highlight/detail?id=2159655218","media":"Motley Fool","summary":"All three have the potential to generate multibagger returns.","content":"<p>Identifying winning stocks in hindsight is a simple task. What's several times more difficult, though, is finding potential winners before they take off. Companies working on emerging technologies often face significant risks. At the same time, if successful, their stocks could generate windfall returns. Here are three such companies that are working on the technologies and infrastructure of the future.</p>\n<h2>QuantumScape</h2>\n<p>The number of electric vehicles in use worldwide is increasing with each passing day. The shift from internal combustion engine vehicles to EVs is unstoppable. <b>QuantumScape</b> (NYSE:QS) may play a critical role in this transition. The company believes that the solid-state batteries it is developing can provide greater range and quicker recharge times than the lithium-ion batteries currently in use. What's more, its batteries should, in theory, also cost less than lithium-ion batteries.</p>\n<p>If QuantumScape can deliver what it is promising, it would have a huge market for its batteries. The company estimates $450 billion of potential annual battery sales if all 90+ million vehicles produced annually shift to batteries.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0c508f83e640ee60358978783df1ecf\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<p>There are, however, several risks to consider. QuantumScape is still developing the technology and is several years away from commercial production. Its batteries have so far only been sample tested in labs. In its second-quarter results, the company announced that it is testing 10-layer cells and progressing according to its plans. Notably, batteries for use in EVs need several dozen of such layers, something the company expects to accomplish in 2022. At the same time, QuantumScape is slightly ahead of schedule for its pre-pilot manufacturing line. Overall, the company said it is progressing on time.</p>\n<p>QuantumScape doesn't expect to generate positive EBITDA before 2027. That's a long time from now, and many things can go wrong in the meantime. But this stock must be on your watch list, even if you decide not to buy it right now.</p>\n<h2>ChargePoint Holdings</h2>\n<p>Another stock to potentially benefit from the growth in EVs is electric charging company <b>ChargePoint</b> (NYSE:CHPT). With more than 112,000 charging points in North America and Europe, ChargePoint is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest EV charging companies in the world. The company claims to control 70% of the public level 2 charging market share in North America.</p>\n<p>Like other EV charging providers, ChargePoint isn't profitable right now. It hopes to generate positive EBITDA in 2024. Though a well-functioning public charging network is essential for the growth of EVs, the model for development of this infrastructure is still evolving. Some EV makers, such as <b>Tesla</b>, are developing their own charging networks. Others, such as <b>General Motors,</b> are partnering with several public EV charging companies, essentially suggesting that all chargers are basically the same.</p>\n<p>EV charging companies, in turn, are finding innovative ways to generate revenue while continuing to expand their infrastructure. This infrastructure, if properly developed and maintained, should surely be of value in the future. As a top player, ChargePoint could be better placed than others to benefit from the expected growth in EVs. You wouldn't want to miss watching how this company evolves over time.</p>\n<h2>Bloom Energy</h2>\n<p>Fuel cells have certainly attracted investors' attention lately. However, makers of proton-exchange membrane (PEM) fuel cells, such as <b>Plug Power</b>, remain the primary focus. That's because PEM fuel cells find applications in the transport segment due to their quick start and stop times, as well as their lighter weight.</p>\n<p>However, another key area for fuel cells that doesn't get so much interest but is of great significance is stationary baseload generation and back-up power. <b>Bloom Energy</b> (NYSE:BE) is primarily focused on this segment. It is also expanding into carbon capture technologies, marine transport, and hydrogen fuel cells and electrolyzers. Overall, the company pegs its total addressable market at over $2 trillion.</p>\n<p>Bloom Energy fares better on key financial metrics compared to other fuel cell makers. In the last three years, the company has grown its revenue, shrank losses, and improved margins. Bloom Energy expects that its cash from operations will move toward positive territory for full-year 2021. It also expects to achieve non-GAAP operating margin of around 3% for the year. This overlooked stock definitely needs to be on your watch list of growth stocks.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Risk Stocks to Add to Your Watch List</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-Risk Stocks to Add to Your Watch List\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 10:36 GMT+8 <a href=https://www.fool.com/investing/2021/08/13/3-high-risk-stocks-to-add-to-your-watchlist/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Identifying winning stocks in hindsight is a simple task. What's several times more difficult, though, is finding potential winners before they take off. Companies working on emerging technologies ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/13/3-high-risk-stocks-to-add-to-your-watchlist/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QS":"Quantumscape Corp.","CHPT":"ChargePoint Holdings Inc.","BE":"Bloom Energy Corp"},"source_url":"https://www.fool.com/investing/2021/08/13/3-high-risk-stocks-to-add-to-your-watchlist/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159655218","content_text":"Identifying winning stocks in hindsight is a simple task. What's several times more difficult, though, is finding potential winners before they take off. Companies working on emerging technologies often face significant risks. At the same time, if successful, their stocks could generate windfall returns. Here are three such companies that are working on the technologies and infrastructure of the future.\nQuantumScape\nThe number of electric vehicles in use worldwide is increasing with each passing day. The shift from internal combustion engine vehicles to EVs is unstoppable. QuantumScape (NYSE:QS) may play a critical role in this transition. The company believes that the solid-state batteries it is developing can provide greater range and quicker recharge times than the lithium-ion batteries currently in use. What's more, its batteries should, in theory, also cost less than lithium-ion batteries.\nIf QuantumScape can deliver what it is promising, it would have a huge market for its batteries. The company estimates $450 billion of potential annual battery sales if all 90+ million vehicles produced annually shift to batteries.\nImage source: Getty Images.\nThere are, however, several risks to consider. QuantumScape is still developing the technology and is several years away from commercial production. Its batteries have so far only been sample tested in labs. In its second-quarter results, the company announced that it is testing 10-layer cells and progressing according to its plans. Notably, batteries for use in EVs need several dozen of such layers, something the company expects to accomplish in 2022. At the same time, QuantumScape is slightly ahead of schedule for its pre-pilot manufacturing line. Overall, the company said it is progressing on time.\nQuantumScape doesn't expect to generate positive EBITDA before 2027. That's a long time from now, and many things can go wrong in the meantime. But this stock must be on your watch list, even if you decide not to buy it right now.\nChargePoint Holdings\nAnother stock to potentially benefit from the growth in EVs is electric charging company ChargePoint (NYSE:CHPT). With more than 112,000 charging points in North America and Europe, ChargePoint is one of the biggest EV charging companies in the world. The company claims to control 70% of the public level 2 charging market share in North America.\nLike other EV charging providers, ChargePoint isn't profitable right now. It hopes to generate positive EBITDA in 2024. Though a well-functioning public charging network is essential for the growth of EVs, the model for development of this infrastructure is still evolving. Some EV makers, such as Tesla, are developing their own charging networks. Others, such as General Motors, are partnering with several public EV charging companies, essentially suggesting that all chargers are basically the same.\nEV charging companies, in turn, are finding innovative ways to generate revenue while continuing to expand their infrastructure. This infrastructure, if properly developed and maintained, should surely be of value in the future. As a top player, ChargePoint could be better placed than others to benefit from the expected growth in EVs. You wouldn't want to miss watching how this company evolves over time.\nBloom Energy\nFuel cells have certainly attracted investors' attention lately. However, makers of proton-exchange membrane (PEM) fuel cells, such as Plug Power, remain the primary focus. That's because PEM fuel cells find applications in the transport segment due to their quick start and stop times, as well as their lighter weight.\nHowever, another key area for fuel cells that doesn't get so much interest but is of great significance is stationary baseload generation and back-up power. Bloom Energy (NYSE:BE) is primarily focused on this segment. It is also expanding into carbon capture technologies, marine transport, and hydrogen fuel cells and electrolyzers. Overall, the company pegs its total addressable market at over $2 trillion.\nBloom Energy fares better on key financial metrics compared to other fuel cell makers. In the last three years, the company has grown its revenue, shrank losses, and improved margins. Bloom Energy expects that its cash from operations will move toward positive territory for full-year 2021. It also expects to achieve non-GAAP operating margin of around 3% for the year. This overlooked stock definitely needs to be on your watch list of growth stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461248,"gmtCreate":1628961069384,"gmtModify":1676529900412,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Rly?","listText":"Rly?","text":"Rly?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897461248","repostId":"1196685545","repostType":4,"repost":{"id":"1196685545","pubTimestamp":1628902806,"share":"https://ttm.financial/m/news/1196685545?lang=&edition=fundamental","pubTime":"2021-08-14 09:00","market":"us","language":"en","title":"Why Facebook Can More Than Triple From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1196685545","media":"seekingalpha","summary":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on funda","content":"<p><b>Summary</b></p>\n<ul>\n <li>Facebook is undervalued under current market conditions.</li>\n <li>Our projections are based on fundamental factors.</li>\n <li>Facebook is a top-quality tech stock.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a92bd1805e2e464efa5a04aa1ba20306\" tg-width=\"768\" tg-height=\"509\" width=\"100%\" height=\"auto\"><span>Urupong/iStock via Getty Images</span></p>\n<p><i>Note: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.</i></p>\n<p>Previously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.</p>\n<p><b>Valuation</b></p>\n<p>To value Facebook, we will first need to determine three things:</p>\n<ol>\n <li>Reinvestment rate</li>\n <li>Revenue-to-capital ratio</li>\n <li>Incremental revenue to capital</li>\n</ol>\n<p>For Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.</p>\n<p>Next, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c301a8c6593bdb466b41eeedad77431d\" tg-width=\"640\" tg-height=\"79\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>As you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).</p>\n<p>Our projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:</p>\n<p><img src=\"https://static.tigerbbs.com/68b34dd807013a1cdb07092d7820d86c\" tg-width=\"640\" tg-height=\"490\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9927f1942fffea9ca8efb85933816f54\" tg-width=\"640\" tg-height=\"171\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>Forecast Assumptions For Above Image</b></p>\n<ul>\n <li>Gross profit leverage averaged 0.93 in the past several years.</li>\n <li>For operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.</li>\n <li>Set all the margins under \"supporting calculations\" to their historical averages.</li>\n</ul>\n<p>Plugging these numbers into a discounted cash flow, we get the following result:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdec27cc8ad91c3458a79b6eebc1a3a0\" tg-width=\"640\" tg-height=\"302\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Since Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.</p>\n<p>Since discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.</p>\n<p><img src=\"https://static.tigerbbs.com/a5c7f7656217a04716ef93115a25cf78\" tg-width=\"534\" tg-height=\"269\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Therefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.</p>\n<p><b>Risks</b></p>\n<p>There are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.</p>\n<p>The second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.</p>\n<p><b>Final Thoughts</b></p>\n<p>Facebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Facebook Can More Than Triple From Here</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Facebook Can More Than Triple From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 09:00 GMT+8 <a href=https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196685545","content_text":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.\nPreviously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.\nValuation\nTo value Facebook, we will first need to determine three things:\n\nReinvestment rate\nRevenue-to-capital ratio\nIncremental revenue to capital\n\nFor Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.\nNext, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.\nSource: Author\nAs you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).\nOur projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:\n\nSource: Author\nForecast Assumptions For Above Image\n\nGross profit leverage averaged 0.93 in the past several years.\nFor operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.\nSet all the margins under \"supporting calculations\" to their historical averages.\n\nPlugging these numbers into a discounted cash flow, we get the following result:\nSource: Author\nSince Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.\nSince discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.\n\nTherefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.\nRisks\nThere are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.\nThe second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.\nFinal Thoughts\nFacebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897461171,"gmtCreate":1628961015593,"gmtModify":1676529900403,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Nani","listText":"Nani","text":"Nani","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897461171","repostId":"1196685545","repostType":4,"repost":{"id":"1196685545","pubTimestamp":1628902806,"share":"https://ttm.financial/m/news/1196685545?lang=&edition=fundamental","pubTime":"2021-08-14 09:00","market":"us","language":"en","title":"Why Facebook Can More Than Triple From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1196685545","media":"seekingalpha","summary":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on funda","content":"<p><b>Summary</b></p>\n<ul>\n <li>Facebook is undervalued under current market conditions.</li>\n <li>Our projections are based on fundamental factors.</li>\n <li>Facebook is a top-quality tech stock.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a92bd1805e2e464efa5a04aa1ba20306\" tg-width=\"768\" tg-height=\"509\" width=\"100%\" height=\"auto\"><span>Urupong/iStock via Getty Images</span></p>\n<p><i>Note: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.</i></p>\n<p>Previously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.</p>\n<p><b>Valuation</b></p>\n<p>To value Facebook, we will first need to determine three things:</p>\n<ol>\n <li>Reinvestment rate</li>\n <li>Revenue-to-capital ratio</li>\n <li>Incremental revenue to capital</li>\n</ol>\n<p>For Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.</p>\n<p>Next, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c301a8c6593bdb466b41eeedad77431d\" tg-width=\"640\" tg-height=\"79\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>As you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).</p>\n<p>Our projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:</p>\n<p><img src=\"https://static.tigerbbs.com/68b34dd807013a1cdb07092d7820d86c\" tg-width=\"640\" tg-height=\"490\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9927f1942fffea9ca8efb85933816f54\" tg-width=\"640\" tg-height=\"171\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>Forecast Assumptions For Above Image</b></p>\n<ul>\n <li>Gross profit leverage averaged 0.93 in the past several years.</li>\n <li>For operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.</li>\n <li>Set all the margins under \"supporting calculations\" to their historical averages.</li>\n</ul>\n<p>Plugging these numbers into a discounted cash flow, we get the following result:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdec27cc8ad91c3458a79b6eebc1a3a0\" tg-width=\"640\" tg-height=\"302\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Since Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.</p>\n<p>Since discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.</p>\n<p><img src=\"https://static.tigerbbs.com/a5c7f7656217a04716ef93115a25cf78\" tg-width=\"534\" tg-height=\"269\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Therefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.</p>\n<p><b>Risks</b></p>\n<p>There are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.</p>\n<p>The second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.</p>\n<p><b>Final Thoughts</b></p>\n<p>Facebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Facebook Can More Than Triple From Here</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Facebook Can More Than Triple From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 09:00 GMT+8 <a href=https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196685545","content_text":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.\nPreviously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.\nValuation\nTo value Facebook, we will first need to determine three things:\n\nReinvestment rate\nRevenue-to-capital ratio\nIncremental revenue to capital\n\nFor Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.\nNext, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.\nSource: Author\nAs you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).\nOur projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:\n\nSource: Author\nForecast Assumptions For Above Image\n\nGross profit leverage averaged 0.93 in the past several years.\nFor operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.\nSet all the margins under \"supporting calculations\" to their historical averages.\n\nPlugging these numbers into a discounted cash flow, we get the following result:\nSource: Author\nSince Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.\nSince discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.\n\nTherefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.\nRisks\nThere are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.\nThe second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.\nFinal Thoughts\nFacebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991260838,"gmtCreate":1660844306528,"gmtModify":1676536409179,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Someone's gotta stop them from making moves like these. #buyandhodl?","listText":"Someone's gotta stop them from making moves like these. #buyandhodl?","text":"Someone's gotta stop them from making moves like these. #buyandhodl?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991260838","repostId":"2260356274","repostType":2,"repost":{"id":"2260356274","pubTimestamp":1660842636,"share":"https://ttm.financial/m/news/2260356274?lang=&edition=fundamental","pubTime":"2022-08-19 01:10","market":"us","language":"en","title":"Bed Bath & Beyond's stock price warrants an 80% drop: Analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2260356274","media":"Yahoo Finance","summary":"Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock t","content":"<html><body><p>Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock trading and warrants a good ole fashioned slamming, according to UBS analyst Michael Lasser. </p>\n<p>On Thursday, Lasser reiterated a sell rating on Bed Bath & Beyond shares and slapped the stock with $3.50 price target, which assumed about 80% downside risk to the current BBBY stock price. </p>\n<p>\"I think that the company is still very challenged,\" Lasser said on Yahoo Finance Live. \"Sales have been under immense pressure. That is probably going to continue. This is even before we are in a real, true consumer recession. The stock has been disconnected from the fundamentals. It has been due to flows in the market and noise. As the stock becomes re-coupled with what's actually happening at the company, there is going to be significant downside.\"</p>\n<figure>\n<img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-09/bc0e1370-2206-11ec-be3b-2beba5cd9faf\"/>\n<figcaption>\n Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts, U.S. June 17, 2016. REUTERS/Brian Snyder\n </figcaption>\n<div>\n Brian Snyder / reuters\n </div>\n</figure>\n<p>Lasser's bearish call comes amid an otherwise bizarro few weeks for the badly struggling retailer.</p>\n<p>Shares of the retailer — which is on the brink of potential financial chaos —have exploded 260% so far in August as retail investors rally around the meme stock. Bed Bath & Beyond stock skyrocketed by nearly 70% in intraday trading on Tuesday as a result of a massive short squeeze.</p>\n<p>BBBY stock finished that session up 29% in a volatile.</p>\n<p>Since Tuesday, the stock has tacked on another 11% even after dropping more than 20% after news that GameStop Chairman Ryan Cohen filed to dump all of his shares.</p>\n<p>The insane trading activity for Bed Bath & Bath & Beyond appears to have been triggered by a few red meat items for the enthusiastic meme community, led by redditors on the r/wallstreetbets message board.</p>\n<p>First, Cohen purchased out of the money call options on 1.6 million shares of Bed bath with strike prices between $60 and $80, according to a regulatory filing released Monday. That sent shares rocketing higher the next day.</p>\n<p>Then, Cohen's RC Ventures issued a new filing late Wednesday flagging the intent to sell his 11.8% stake in the retailer. That sent the stock into a fresh tailspin, as mentioned above.</p>\n<p>\"We think the fact that RC Ventures plans to liquidate its entire stake in the stock is a telling sign that there is less and less support of key fundamentally driven names in this gave,\" Wedbush analyst Seth Basham, who also has a sell rating on Bed Bath & Beyond stock, said on Yahoo Finance Live. \"With that catalyst, we think the stock can reverse its course and start trading down.\"</p>\n<p>In the meantime, the meme community is once again rallying together to counter institutional forces that hold opposing views on the stock and the underlying business.</p>\n<p>On Monday, Yahoo Finance reported on signs of financial stress at Bed Bath & Beyond locations in New York — and received from feedback from BBBY fans. On Tuesday, B Riley slashed its rating to Sell on Bed Bath & Beyond, citing bewildering valuation on the stock in the same vein as UBS's Lasser.</p>\n<div></div>\n<p>To be sure, all is not well fundamentally at Bed Bath & Beyond as Wall Street correctly points out.</p>\n<p>After a failed push in 2021 and most of 2022 into stocking stores with private label goods no one had heard of while also closing stores and firing workers, Bed Bath & Beyond ended its most recent quarter with a little more than $100 million in cash, tanking sales, weak store traffic, and a badly damaged brand.</p>\n<p>There is currently an interim CEO running the business, which came about after the booting of former top Target exec Mark Tritton, and some observers are wondering whether vendors will continue to ship all of the merchandise that Bed Bath & Beyond needs for the holiday season amid the retailer's severely weakened financial state.</p>\n<p>Bed Bath & Beyond said late Wednesday in a filing of its own it may have an announcement on a capital raise by the end of August. </p>\n<p>\"The road ahead will be long and filled with a lot of challenges,\" Lasser said. \"If they do come out of this challenging situation, the business could look a lot different — probably would look smaller.\"</p>\n<p><em>Brian Sozzi</em><em> is an editor-at-large and </em><em>anchor at Yahoo Finance</em><em>. Follow Sozzi on Twitter </em><em>@BrianSozzi</em><em> and on </em><em>LinkedIn</em><em>.</em></p>\n<p><strong>Click here for the latest trending stock tickers of the Yahoo Finance platform</strong></p>\n<p><strong>Click here for the latest stock market news and in-depth analysis, including events that move stocks</strong></p>\n<p><strong>Read the latest financial and business news from Yahoo Finance</strong></p>\n<p><em>Download the Yahoo Finance app for </em><em>Apple</em><em> or </em><em>Android</em></p>\n<p><em>Follow Yahoo Finance on </em><em>Twitter</em><em>, </em><em>Facebook</em><em>, </em><em>Instagram</em><em>, </em><em>Flipboard</em><em>, </em><em>LinkedIn</em><em>, and</em><em> YouTube</em></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond's stock price warrants an 80% drop: Analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond's stock price warrants an 80% drop: Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-19 01:10 GMT+8 <a href=https://finance.yahoo.com/news/bed-bath-beyond-stock-analyst-171036665.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock trading and warrants a good ole fashioned slamming, according to UBS analyst Michael Lasser. \nOn ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bed-bath-beyond-stock-analyst-171036665.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/9gqpSWJxeHkx3t7jPZX73Q--~B/aD0zMjcwO3c9NDkwNTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2021-09/bc0e1370-2206-11ec-be3b-2beba5cd9faf","relate_stocks":{"BK4178":"家庭装饰零售","BBBY":"3B家居","BK4547":"WSB热门概念"},"source_url":"https://finance.yahoo.com/news/bed-bath-beyond-stock-analyst-171036665.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2260356274","content_text":"Bed Bath & Beyond's stock has gotten too big for its britches after a frenzied month of meme stock trading and warrants a good ole fashioned slamming, according to UBS analyst Michael Lasser. \nOn Thursday, Lasser reiterated a sell rating on Bed Bath & Beyond shares and slapped the stock with $3.50 price target, which assumed about 80% downside risk to the current BBBY stock price. \n\"I think that the company is still very challenged,\" Lasser said on Yahoo Finance Live. \"Sales have been under immense pressure. That is probably going to continue. This is even before we are in a real, true consumer recession. The stock has been disconnected from the fundamentals. It has been due to flows in the market and noise. As the stock becomes re-coupled with what's actually happening at the company, there is going to be significant downside.\"\n\n\n\n Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts, U.S. June 17, 2016. REUTERS/Brian Snyder\n \n\n Brian Snyder / reuters\n \n\nLasser's bearish call comes amid an otherwise bizarro few weeks for the badly struggling retailer.\nShares of the retailer — which is on the brink of potential financial chaos —have exploded 260% so far in August as retail investors rally around the meme stock. Bed Bath & Beyond stock skyrocketed by nearly 70% in intraday trading on Tuesday as a result of a massive short squeeze.\nBBBY stock finished that session up 29% in a volatile.\nSince Tuesday, the stock has tacked on another 11% even after dropping more than 20% after news that GameStop Chairman Ryan Cohen filed to dump all of his shares.\nThe insane trading activity for Bed Bath & Bath & Beyond appears to have been triggered by a few red meat items for the enthusiastic meme community, led by redditors on the r/wallstreetbets message board.\nFirst, Cohen purchased out of the money call options on 1.6 million shares of Bed bath with strike prices between $60 and $80, according to a regulatory filing released Monday. That sent shares rocketing higher the next day.\nThen, Cohen's RC Ventures issued a new filing late Wednesday flagging the intent to sell his 11.8% stake in the retailer. That sent the stock into a fresh tailspin, as mentioned above.\n\"We think the fact that RC Ventures plans to liquidate its entire stake in the stock is a telling sign that there is less and less support of key fundamentally driven names in this gave,\" Wedbush analyst Seth Basham, who also has a sell rating on Bed Bath & Beyond stock, said on Yahoo Finance Live. \"With that catalyst, we think the stock can reverse its course and start trading down.\"\nIn the meantime, the meme community is once again rallying together to counter institutional forces that hold opposing views on the stock and the underlying business.\nOn Monday, Yahoo Finance reported on signs of financial stress at Bed Bath & Beyond locations in New York — and received from feedback from BBBY fans. On Tuesday, B Riley slashed its rating to Sell on Bed Bath & Beyond, citing bewildering valuation on the stock in the same vein as UBS's Lasser.\n\nTo be sure, all is not well fundamentally at Bed Bath & Beyond as Wall Street correctly points out.\nAfter a failed push in 2021 and most of 2022 into stocking stores with private label goods no one had heard of while also closing stores and firing workers, Bed Bath & Beyond ended its most recent quarter with a little more than $100 million in cash, tanking sales, weak store traffic, and a badly damaged brand.\nThere is currently an interim CEO running the business, which came about after the booting of former top Target exec Mark Tritton, and some observers are wondering whether vendors will continue to ship all of the merchandise that Bed Bath & Beyond needs for the holiday season amid the retailer's severely weakened financial state.\nBed Bath & Beyond said late Wednesday in a filing of its own it may have an announcement on a capital raise by the end of August. \n\"The road ahead will be long and filled with a lot of challenges,\" Lasser said. \"If they do come out of this challenging situation, the business could look a lot different — probably would look smaller.\"\nBrian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.\nClick here for the latest trending stock tickers of the Yahoo Finance platform\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance\nDownload the Yahoo Finance app for Apple or Android\nFollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897463445,"gmtCreate":1628960902987,"gmtModify":1676529900395,"author":{"id":"3579250436901881","authorId":"3579250436901881","name":"kidpongs","avatar":"https://static.tigerbbs.com/4f5c7be70ba5507a099c2e35b6e808cc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579250436901881","idStr":"3579250436901881"},"themes":[],"htmlText":"Look at amd","listText":"Look at amd","text":"Look at amd","images":[{"img":"https://static.tigerbbs.com/8fb5ae02a314a24458260f4b3c7d8471","width":"1440","height":"4117"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897463445","isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}