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12-11

Can trust HC Wainwrigt & Co?

Vor Biopharma Price Target Maintained With a $17.50/Share by HC Wainwright & Co.

12-05

$SRIVARU Holding(SVMH)$ careful about this stock, better stay away...

11-24

Don't follow this guy's advise , last week he asked to buy, as usual after a week asking to sell. Ridiculous!

Super Micro Computer: Why I Am Downgrading To Sell

11-20

Totally opposite from previous analysis !

MicroStrategy Could Be A Multi-Trillion Dollar Company

11-19

$VivoPower(VVPR)$ Can survive???

11-16

Tomorrow you ask the shareholders to sell!

How Large Can Nvidia Realistically Grow

11-15

Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately, why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company must be responsible and accountable to their shareholders right? Because we trust and invest, in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors. I also noticed seeking alfa many times Confess "I was wrong" . Pushing others to a disaster!

Super Micro Computer: I Am Greedy While Others Are Fearful

11-14

$SRIVARU Holding(SVMH)$ Beware of this stock, try not to loose your hard earned money. Bad experience!

11-13

$MicroStrategy(MSTR)$ Share value go up with BTC

11-13

Those selling MSTR now may regret

MicroStrategy: Overvaluation Gets Dangerous (Rating Downgrade)

11-12

$MicroStrategy(MSTR)$ soon touch 1k[Miser]

11-12

$MicroStrategy(MSTR)$

11-11

Jump to where? Reverse split? OTC?

Top 2 Utilities Stocks That May Jump This Month

11-07

$Richtech Robotics(RR)$

11-02

$Richtech Robotics(RR)$ What is next? Reverse split? Need to maintain min bid price!

11-01

$Actelis Networks(ASNS)$

10-31

$Meihua International Medical Technologies(MHUA)$ Hopefully doesn't disappoint the share holders like other China companies [Miser]

10-31

$Mira Pharma(MIRA)$ up up

10-30

$Trump Media & Technology(DJT)$

10-29

$Trump Media & Technology(DJT)$

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trust HC Wainwrigt &amp; Co?","listText":"Can trust HC Wainwrigt &amp; Co?","text":"Can trust HC Wainwrigt & Co?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380445964120624","repostId":"2490461440","repostType":2,"repost":{"id":"2490461440","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1733851260,"share":"https://ttm.financial/m/news/2490461440?lang=&edition=fundamental","pubTime":"2024-12-11 01:21","market":"fut","language":"en","title":"Vor Biopharma Price Target Maintained With a $17.50/Share by HC Wainwright & Co.","url":"https://stock-news.laohu8.com/highlight/detail?id=2490461440","media":"Dow Jones","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/VOR/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 10, 2024 12:21 ET (17:21 GMT)","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  Ratings actions from Benzinga: https://www.benzinga.com/quote/VOR/analyst-ratings \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 10, 2024 12:21 ET (17:21 GMT)\n</p>\n</font>","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>Vor Biopharma Price Target Maintained With a $17.50/Share by HC Wainwright & Co.</title>\n<style 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}\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\">\nVor Biopharma Price Target Maintained With a $17.50/Share by HC Wainwright & Co.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-11 01:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  Ratings actions from Benzinga: https://www.benzinga.com/quote/VOR/analyst-ratings \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 10, 2024 12:21 ET (17:21 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VOR":"Vor Biopharma Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2490461440","content_text":"Ratings actions from Benzinga: https://www.benzinga.com/quote/VOR/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 10, 2024 12:21 ET (17:21 GMT)","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378356414283776,"gmtCreate":1733399895250,"gmtModify":1733399898840,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SVMH\">$SRIVARU Holding(SVMH)$</a> careful about this stock, better stay away...","listText":"<a href=\"https://ttm.financial/S/SVMH\">$SRIVARU Holding(SVMH)$</a> careful about this stock, better stay away...","text":"$SRIVARU Holding(SVMH)$ careful about this stock, better stay away...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378356414283776","isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374308176482656,"gmtCreate":1732424333400,"gmtModify":1732424337810,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"Don't follow this guy's advise , last week he asked to buy, as usual after a week asking to sell. Ridiculous!","listText":"Don't follow this guy's advise , last week he asked to buy, as usual after a week asking to sell. Ridiculous!","text":"Don't follow this guy's advise , last week he asked to buy, as usual after a week asking to sell. Ridiculous!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374308176482656","repostId":"2485267486","repostType":2,"repost":{"id":"2485267486","kind":"highlight","pubTimestamp":1732345307,"share":"https://ttm.financial/m/news/2485267486?lang=&edition=fundamental","pubTime":"2024-11-23 15:01","market":"sh","language":"en","title":"Super Micro Computer: Why I Am Downgrading To Sell","url":"https://stock-news.laohu8.com/highlight/detail?id=2485267486","media":"seekingalpha","summary":"Super Micro Computer faces potential Nasdaq delisting due to financial disclosure issues, impacting investor confidence, and my stock classification is downgraded to 'Sell.'Preliminary 1Q25 earnings s","content":"<html><head></head><body><ul style=\"\"><li><p>Super Micro Computer faces potential Nasdaq delisting due to financial disclosure issues, impacting investor confidence, and my stock classification is downgraded to &#39;Sell.&#39;</p></li><li><p>Preliminary 1Q25 earnings showed disappointing net sales growth and missed forecasts, further eroding confidence in the company&#39;s financial health.</p></li><li><p>The loss of Big 4 auditor Ernst &amp; Young and failure to submit timely financial reports highlight potential compliance issues.</p></li><li><p>Despite a low valuation multiple, the elevated risks and lack of a clear recovery path make Super Micro Computer currently uninvestable in my opinion.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/46f34186bc2ebe01bf02e6f41bb9f7e0\" tg-width=\"750\" tg-height=\"492\"/></p><p></p><p> <a href=\"https://laohu8.com/S/SMCI\">SUPER MICRO COMPUTER INC</a><strong> </strong>is looking at a potential delisting from the Nasdaq if the company does not get approval from the stock exchange to keep its listing until it sorts out its financial disclosure mess. According to SMCI, the company filed its compliance plan on Monday.</p><p>However, even if the company were not to get delisted, I now have considerable reservations about SMCI. Super Micro Computer’s quarterly earnings, released in the first week of November, were neither particularly good nor bad, and the company’s stock is facing an uncertain future amid a considerable loss of confidence. Reports about a loss of sales could further be damaging to SMCI’s stock price.</p><p>In my view, the risk/reward relationship is murky at best and, at worst, the stock is uninvestable until Super Micro Computer fixes its financial disclosures.</p><h2 id=\"id_844530479\">My Rating History</h2><p>In my last piece on Super Micro Computer I modified my stock classification from ‘Buy’ to Hold. The downgrade followed news about Super Micro Computer losing its Big 4 auditor Ernst &amp; Young in light of the company’s accounting woes. Super Micro Computer is anticipated to file a plan with the stock exchange in order to prevent a delisting.</p><p>While I don’t think that the stock will be delisted, I think that Super Micro Computer is not investable right now which necessitates a change in my stock classification down to ‘Sell.’</p><h2 id=\"id_285666413\">Delisting Concerns Have Pushed Super Micro Computer’s Stock Price To New Lows</h2><p>When Super Micro Computer presented preliminary 1Q25 earnings on November 6, 2024, the IT solutions provider mentioned in its NT 10-Q filing that it did not know when it will present its quarterly report. This news followed prior disclosures that the company could not provide timely financial information for its 2024 financial year, which was due, in the form of an annual report, in August. On Monday, SMCI said that it appointed BDO as independent auditor.</p><p>Super Micro failed to submit its 10-K report in August and received a Non-Compliance letter from the stock exchange. The IT company received a Non-Compliance Letter from Nasdaq on September 17, 2024 which laid out two options for Super Micro Computer: It could file its 10-K report or submit a plan to regain compliance with Nasdaq’s listing rules within 60 days.</p><p>On Friday November 15th, Super Micro Computer’s stock skyrocketed more than 18% in extended trading on rumors that the company was anticipated to file a plan for its delayed annual report imminently. Doing so would probably avert a delisting and buy the company a bit more time to work through its accounting mess.</p><p>On Monday, Super Micro Computer’s stock skyrocketed 31% after the company confirmed that it presented Nasdaq with its compliance plan. Investors should understand that the submission of the compliance plan to Nasdaq does not mean that the risk of a delisting has been averted.</p><p>In my view, Super Micro Computer should be able to get Nasdaq’s approval to maintain its listing in the short-term which would avoid the worst case scenario.</p><p>However, with Super Micro Computer’s stock price plunging to just $17.36 last week, a new low, I think the market is sending a very clear message about Super Micro Computer, given its lack of timely financial disclosures.</p><h2 id=\"id_1897838244\">Net Sales Risks Are Rising</h2><p>Super Micro Computer presented first quarter earnings, but only on a preliminary basis, on November 6, 2024. According to this update, the IT solutions provider produced net sales of $5.9-6.0 billion in the quarter ending September 30, 2024, reflecting 12% QoQ growth.</p><p>In the prior quarter, Super Micro Computer’s QoQ growth was 38%, so the company is not only suffering a substantial drop in its net sales growth, but it also missed its forecast for 1Q25.</p><p>Super Micro Computer forecasted net sales between $6.0-7.0 billion for 1Q25, so the IT company missed even the low point of its first quarter guidance. Unfortunately, investors don’t know much more about Super Micro Computer’s first quarter performance other than a preliminary net sales and GAAP profit ranges which is not exactly a vote of confidence.</p><p>In terms of profits, Super Micro Computer earned somewhere between $0.68 and $0.70 per share which reconciles to SMCI’s forecast prior to 1Q25 of $0.60 to $0.77 per share.</p><p>What made me really uncomfortable was that SMCI missed its forecast substantially which could indicate that some customers are unexpectedly canceling or shifting orders to other suppliers. According to news reports, Elon Musk’s AI startup xAI is allegedly said to be pulling orders from Super Micro Computer, with Dell being a potential beneficiary, which could potentially pose another net sales challenge for the AI company.</p><p>Super Micro Computer has doubled down on selling liquid-cooled server racks, which are the kind of systems data centers need in order to deploy tens of thousands of GPUs. Servers make up 95% of sales for Super Micro Computer, so there is definitely a vulnerability here for the company should customers choose to seek out other server suppliers amid SMCI’s accounting issues. Obviously, companies pulling orders here from Super Micro would fundamentally hurt the remaining investment thesis and I would not be surprised to see other companies, like Nvidia contemplate the same action.</p><p>In my last piece on SMCI, I mentioned that I was following with interest SMCI’s margin development. Though Super Micro Computer has enjoyed a sales surge in recent quarters, the company has been unable to substantially improve on its gross and operating margins. In 4Q24, Super Micro Computer even experienced a 4.3 percentage point QoQ margin decrease to 11.3% amid strong competition in the market.</p><p>According to the preliminary earnings release, SMCI’s gross margins rose to 13.3% in the first quarter, up 2 percentage points, based on GAAP and non-GAAP. This development would be positive for Super Micro Computer, though I think that the company’s transparency issues are going to hold back the stock from any major re-rating moving forward.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/832c9a41d272aea808bc1675381627e5\" alt=\"SMCI QoQ Margin Development (Super Micro Computer Inc.)\" title=\"SMCI QoQ Margin Development (Super Micro Computer Inc.)\" tg-width=\"640\" tg-height=\"275\"/><span>SMCI QoQ Margin Development (Super Micro Computer Inc.)</span></p><p></p><h2 id=\"id_2680929279\">Improved Net Cash Position</h2><p>Though Super Micro Computer underperformed its net sales forecast, the company is seeing a positive change in terms of its net cash, which is the difference between cash and cash equivalents on one side of the equation, and the company’s debt on the other.</p><p>In 4Q24, Super Micro Computer had a net cash position of -$504 million which has narrowed, according to SMCI’s preliminary financials, to -$200 million. The higher net cash position could be the result of stronger cash collection in the first quarter of 2025, or it could be a negative sign that the company feels it has to boost its cash resources.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4aa390c5c6c6c2ec36b1feb609610a9a\" alt=\"Net Cash (Super Micro Computer Inc.)\" title=\"Net Cash (Super Micro Computer Inc.)\" tg-width=\"588\" tg-height=\"389\"/><span>Net Cash (Super Micro Computer Inc.)</span></p><p></p><h2 id=\"id_583012760\">Long-term AI Tailwinds</h2><p>Super Micro Computer is a server company that profits from long-term growth in the generative AI market. Specifically, the growth and diffusion of large-language models that are need to run chatbots are a key growth catalyst for SMCI.</p><p>The generative AI market is anticipated to grow to $1.3 trillion by 2032 reflecting potentially annual growth of 33 per annum (between 2024 and 2032). The long-term prospects are therefore in favor of large IT companies specializing on servers, including Super Micro Computer.</p><p>While the trends are favorable, I think that the current delisting risk, potential for a net sales contraction and unattractive margin picture presently speak against an investment in SMCI.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a24e02c2af174dc1e8c16ebb84f9db36\" alt=\"Generative AI Revenue Growth (Bloomberg)\" title=\"Generative AI Revenue Growth (Bloomberg)\" tg-width=\"640\" tg-height=\"363\"/><span>Generative AI Revenue Growth (Bloomberg)</span></p><p></p><h2 id=\"id_3710367423\">Super Micro Computer Is Now Cheap For A Reason</h2><p>Profit estimates for Super Micro Computer have fallen substantially and may continue to do so. Since my last piece on SMCI at the beginning of November, profit estimates for the IT solutions provider have decreased 12.5%.</p><p>As of November 17, 2024, the market models $3.78 per share in profits for Super Micro Computer, reflecting back to us anticipated profit growth of 30% YoY. This year, the market anticipates $2.90 per share in profits, down from $3.34 per share at the end of October. The leading profit multiple for SMCI is thus 7.5x. Under normal conditions, this profit multiple would be highly enticing and probably reflect a margin of safety as well.</p><p>With that said, with both the 10-K and the 10-Q outstanding, the auditor replaced and considerable uncertainty about the state of Super Micro Computer’s net sales growth, I think that even at such a low valuation multiple, SMCI’s stock is presently not investible.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ee77936719361fd14c3adc5eea5f4562\" alt=\"Earnings Estimate (Yahoo Finance)\" title=\"Earnings Estimate (Yahoo Finance)\" tg-width=\"640\" tg-height=\"191\"/><span>Earnings Estimate (Yahoo Finance)</span></p><p></p><h2 id=\"id_2501370069\">Why The Investment Thesis Will Remain Challenged</h2><p>The most obvious near-term challenge to the investment thesis is the listing status of Super Micro Computer. If the IT company fails to secure a positive decision from Nasdaq to keep its listing, Super Micro Computer could be in for real pain. A de-listing would most likely cause severe selling pressure and further taint the Super Micro Computer name.</p><p>While I do think that SMCI will be allowed to keep its listing in the short-term in order to gets its financial disclosures up-to-date, I fail to see a clear path forward for Super Micro Computer that would allow the IT company to restore investor confidence.</p><p>With that being said, in case SMCI secures an extended listing and submits properly audited financials, there might be a path for a re-rating. The outlook for the AI server market is also quite positive so if Super Micro Computer can gravitate away from its accounting mess and refocus on its actual growth in the industry then investors may slowly regain confidence in SMCI. In addition, higher margins would go a long way in smoothing things over with investors, in my view.</p><p>Given the elevated risks that come with an investment in SMCI at this point, however, I don’t see a particularly appealing risk/reward relationship and I am not going to take my chances.</p><h2 id=\"id_2019262048\">My Conclusion</h2><p>Super Micro Computer neared its moment of truth this week as the IT company filed its plan with the SEC in order to regain compliance with stock exchange listing requirements. If approved, Super Micro Computer could keep its exchange listing while the company wins more time to sort out its financial disclosures, which, I think, is the much bigger issue.</p><p>Should xAI (or other companies) pull orders from Super Micro Computer, the company could see a sales contraction that would create a new headache for the AI company and probably exert more margin pressure. While the long-term demand forecast implies a steady rise in AI-associated revenues (including from servers), I think that the risks widely outweigh the potential reward for SMCI investors.</p><p>Taking into account its disappointing 1Q25 preliminary earnings and missing up-to-date disclosures, I believe Super Micro Computer is uninvestable at this time.</p><p>Supplier issues could be the next red flag as far as the investment thesis is concerned, and a net sales contraction here would be the worst outcome. Given the increased risk, I am modifying my stock classification for Super Micro Computer to ‘Sell.’</p></body></html>","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>Super Micro Computer: Why I Am Downgrading To Sell</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\">\nSuper Micro Computer: Why I Am Downgrading To Sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4739634-super-micro-computer-why-i-am-downgrading-to-sell><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Super Micro Computer faces potential Nasdaq delisting due to financial disclosure issues, impacting investor confidence, and my stock classification is downgraded to 'Sell.'Preliminary 1Q25 earnings ...</p>\n\n<a href=\"https://seekingalpha.com/article/4739634-super-micro-computer-why-i-am-downgrading-to-sell\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4170":"电脑硬件、储存设备及电脑周边","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4585":"ETF&股票定投概念","MSTR":"MicroStrategy","BK4588":"碎股"},"source_url":"https://seekingalpha.com/article/4739634-super-micro-computer-why-i-am-downgrading-to-sell","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2485267486","content_text":"Super Micro Computer faces potential Nasdaq delisting due to financial disclosure issues, impacting investor confidence, and my stock classification is downgraded to 'Sell.'Preliminary 1Q25 earnings showed disappointing net sales growth and missed forecasts, further eroding confidence in the company's financial health.The loss of Big 4 auditor Ernst & Young and failure to submit timely financial reports highlight potential compliance issues.Despite a low valuation multiple, the elevated risks and lack of a clear recovery path make Super Micro Computer currently uninvestable in my opinion. SUPER MICRO COMPUTER INC is looking at a potential delisting from the Nasdaq if the company does not get approval from the stock exchange to keep its listing until it sorts out its financial disclosure mess. According to SMCI, the company filed its compliance plan on Monday.However, even if the company were not to get delisted, I now have considerable reservations about SMCI. Super Micro Computer’s quarterly earnings, released in the first week of November, were neither particularly good nor bad, and the company’s stock is facing an uncertain future amid a considerable loss of confidence. Reports about a loss of sales could further be damaging to SMCI’s stock price.In my view, the risk/reward relationship is murky at best and, at worst, the stock is uninvestable until Super Micro Computer fixes its financial disclosures.My Rating HistoryIn my last piece on Super Micro Computer I modified my stock classification from ‘Buy’ to Hold. The downgrade followed news about Super Micro Computer losing its Big 4 auditor Ernst & Young in light of the company’s accounting woes. Super Micro Computer is anticipated to file a plan with the stock exchange in order to prevent a delisting.While I don’t think that the stock will be delisted, I think that Super Micro Computer is not investable right now which necessitates a change in my stock classification down to ‘Sell.’Delisting Concerns Have Pushed Super Micro Computer’s Stock Price To New LowsWhen Super Micro Computer presented preliminary 1Q25 earnings on November 6, 2024, the IT solutions provider mentioned in its NT 10-Q filing that it did not know when it will present its quarterly report. This news followed prior disclosures that the company could not provide timely financial information for its 2024 financial year, which was due, in the form of an annual report, in August. On Monday, SMCI said that it appointed BDO as independent auditor.Super Micro failed to submit its 10-K report in August and received a Non-Compliance letter from the stock exchange. The IT company received a Non-Compliance Letter from Nasdaq on September 17, 2024 which laid out two options for Super Micro Computer: It could file its 10-K report or submit a plan to regain compliance with Nasdaq’s listing rules within 60 days.On Friday November 15th, Super Micro Computer’s stock skyrocketed more than 18% in extended trading on rumors that the company was anticipated to file a plan for its delayed annual report imminently. Doing so would probably avert a delisting and buy the company a bit more time to work through its accounting mess.On Monday, Super Micro Computer’s stock skyrocketed 31% after the company confirmed that it presented Nasdaq with its compliance plan. Investors should understand that the submission of the compliance plan to Nasdaq does not mean that the risk of a delisting has been averted.In my view, Super Micro Computer should be able to get Nasdaq’s approval to maintain its listing in the short-term which would avoid the worst case scenario.However, with Super Micro Computer’s stock price plunging to just $17.36 last week, a new low, I think the market is sending a very clear message about Super Micro Computer, given its lack of timely financial disclosures.Net Sales Risks Are RisingSuper Micro Computer presented first quarter earnings, but only on a preliminary basis, on November 6, 2024. According to this update, the IT solutions provider produced net sales of $5.9-6.0 billion in the quarter ending September 30, 2024, reflecting 12% QoQ growth.In the prior quarter, Super Micro Computer’s QoQ growth was 38%, so the company is not only suffering a substantial drop in its net sales growth, but it also missed its forecast for 1Q25.Super Micro Computer forecasted net sales between $6.0-7.0 billion for 1Q25, so the IT company missed even the low point of its first quarter guidance. Unfortunately, investors don’t know much more about Super Micro Computer’s first quarter performance other than a preliminary net sales and GAAP profit ranges which is not exactly a vote of confidence.In terms of profits, Super Micro Computer earned somewhere between $0.68 and $0.70 per share which reconciles to SMCI’s forecast prior to 1Q25 of $0.60 to $0.77 per share.What made me really uncomfortable was that SMCI missed its forecast substantially which could indicate that some customers are unexpectedly canceling or shifting orders to other suppliers. According to news reports, Elon Musk’s AI startup xAI is allegedly said to be pulling orders from Super Micro Computer, with Dell being a potential beneficiary, which could potentially pose another net sales challenge for the AI company.Super Micro Computer has doubled down on selling liquid-cooled server racks, which are the kind of systems data centers need in order to deploy tens of thousands of GPUs. Servers make up 95% of sales for Super Micro Computer, so there is definitely a vulnerability here for the company should customers choose to seek out other server suppliers amid SMCI’s accounting issues. Obviously, companies pulling orders here from Super Micro would fundamentally hurt the remaining investment thesis and I would not be surprised to see other companies, like Nvidia contemplate the same action.In my last piece on SMCI, I mentioned that I was following with interest SMCI’s margin development. Though Super Micro Computer has enjoyed a sales surge in recent quarters, the company has been unable to substantially improve on its gross and operating margins. In 4Q24, Super Micro Computer even experienced a 4.3 percentage point QoQ margin decrease to 11.3% amid strong competition in the market.According to the preliminary earnings release, SMCI’s gross margins rose to 13.3% in the first quarter, up 2 percentage points, based on GAAP and non-GAAP. This development would be positive for Super Micro Computer, though I think that the company’s transparency issues are going to hold back the stock from any major re-rating moving forward.SMCI QoQ Margin Development (Super Micro Computer Inc.)Improved Net Cash PositionThough Super Micro Computer underperformed its net sales forecast, the company is seeing a positive change in terms of its net cash, which is the difference between cash and cash equivalents on one side of the equation, and the company’s debt on the other.In 4Q24, Super Micro Computer had a net cash position of -$504 million which has narrowed, according to SMCI’s preliminary financials, to -$200 million. The higher net cash position could be the result of stronger cash collection in the first quarter of 2025, or it could be a negative sign that the company feels it has to boost its cash resources.Net Cash (Super Micro Computer Inc.)Long-term AI TailwindsSuper Micro Computer is a server company that profits from long-term growth in the generative AI market. Specifically, the growth and diffusion of large-language models that are need to run chatbots are a key growth catalyst for SMCI.The generative AI market is anticipated to grow to $1.3 trillion by 2032 reflecting potentially annual growth of 33 per annum (between 2024 and 2032). The long-term prospects are therefore in favor of large IT companies specializing on servers, including Super Micro Computer.While the trends are favorable, I think that the current delisting risk, potential for a net sales contraction and unattractive margin picture presently speak against an investment in SMCI.Generative AI Revenue Growth (Bloomberg)Super Micro Computer Is Now Cheap For A ReasonProfit estimates for Super Micro Computer have fallen substantially and may continue to do so. Since my last piece on SMCI at the beginning of November, profit estimates for the IT solutions provider have decreased 12.5%.As of November 17, 2024, the market models $3.78 per share in profits for Super Micro Computer, reflecting back to us anticipated profit growth of 30% YoY. This year, the market anticipates $2.90 per share in profits, down from $3.34 per share at the end of October. The leading profit multiple for SMCI is thus 7.5x. Under normal conditions, this profit multiple would be highly enticing and probably reflect a margin of safety as well.With that said, with both the 10-K and the 10-Q outstanding, the auditor replaced and considerable uncertainty about the state of Super Micro Computer’s net sales growth, I think that even at such a low valuation multiple, SMCI’s stock is presently not investible.Earnings Estimate (Yahoo Finance)Why The Investment Thesis Will Remain ChallengedThe most obvious near-term challenge to the investment thesis is the listing status of Super Micro Computer. If the IT company fails to secure a positive decision from Nasdaq to keep its listing, Super Micro Computer could be in for real pain. A de-listing would most likely cause severe selling pressure and further taint the Super Micro Computer name.While I do think that SMCI will be allowed to keep its listing in the short-term in order to gets its financial disclosures up-to-date, I fail to see a clear path forward for Super Micro Computer that would allow the IT company to restore investor confidence.With that being said, in case SMCI secures an extended listing and submits properly audited financials, there might be a path for a re-rating. The outlook for the AI server market is also quite positive so if Super Micro Computer can gravitate away from its accounting mess and refocus on its actual growth in the industry then investors may slowly regain confidence in SMCI. In addition, higher margins would go a long way in smoothing things over with investors, in my view.Given the elevated risks that come with an investment in SMCI at this point, however, I don’t see a particularly appealing risk/reward relationship and I am not going to take my chances.My ConclusionSuper Micro Computer neared its moment of truth this week as the IT company filed its plan with the SEC in order to regain compliance with stock exchange listing requirements. If approved, Super Micro Computer could keep its exchange listing while the company wins more time to sort out its financial disclosures, which, I think, is the much bigger issue.Should xAI (or other companies) pull orders from Super Micro Computer, the company could see a sales contraction that would create a new headache for the AI company and probably exert more margin pressure. While the long-term demand forecast implies a steady rise in AI-associated revenues (including from servers), I think that the risks widely outweigh the potential reward for SMCI investors.Taking into account its disappointing 1Q25 preliminary earnings and missing up-to-date disclosures, I believe Super Micro Computer is uninvestable at this time.Supplier issues could be the next red flag as far as the investment thesis is concerned, and a net sales contraction here would be the worst outcome. Given the increased risk, I am modifying my stock classification for Super Micro Computer to ‘Sell.’","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373016969507000,"gmtCreate":1732097975317,"gmtModify":1732097979285,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"Totally opposite from previous analysis !","listText":"Totally opposite from previous analysis !","text":"Totally opposite from previous analysis !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373016969507000","repostId":"2484399099","repostType":2,"repost":{"id":"2484399099","kind":"highlight","pubTimestamp":1732080557,"share":"https://ttm.financial/m/news/2484399099?lang=&edition=fundamental","pubTime":"2024-11-20 13:29","market":"sh","language":"en","title":"MicroStrategy Could Be A Multi-Trillion Dollar Company","url":"https://stock-news.laohu8.com/highlight/detail?id=2484399099","media":"seekingalpha","summary":"MicroStrategy is effectively Bitcoin's only investment bank.MSTR's unique strategy involves issuing securities backed by BTC, creating significant value through a spread between BTC's CAGR and fiat cost of capital.Its BTC purchases are best thought of as revenue, and its rock bottom costs of capital are best thought of as costs of revenue.MSTR's market cap could potentially reach $690 billion to $3 trillion, driven by its unparalleled role in the BTC ecosystem and virtually impregnable moat of owning 1.3% of all BTC.Joe Raedle  Frankly, I got MicroStrategy  wrong. I've been heavily long and consistently bullish on MSTR in my Seeking Alpha articles, but I didn't fully grasp the enormity of what they were doing. There haven't been many bullish","content":"<html><head></head><body><h2 id=\"id_1276998721\">Summary</h2><ul style=\"\"><li><p>MicroStrategy is effectively Bitcoin&#39;s only investment bank.</p></li><li><p>MSTR&#39;s unique strategy involves issuing securities backed by BTC, creating significant value through a spread between BTC&#39;s CAGR and fiat cost of capital.</p></li><li><p>Its BTC purchases are best thought of as revenue, and its rock bottom costs of capital are best thought of as costs of revenue.</p></li><li><p>MSTR&#39;s market cap could potentially reach $690 billion to $3 trillion, driven by its unparalleled role in the BTC ecosystem and virtually impregnable moat of owning 1.3% of all BTC.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4f23ab0b9020157aa16640d81e82097d\" alt=\"Bitcoin Conference Draws Cryptocurrency Fans To Miami\" title=\"Bitcoin Conference Draws Cryptocurrency Fans To Miami\" tg-width=\"750\" tg-height=\"500\"/><span>Bitcoin Conference Draws Cryptocurrency Fans To Miami</span></p><p>Frankly, I got <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> wrong. I&#39;ve been heavily long and consistently bullish on MSTR in my Seeking Alpha articles, but I didn&#39;t fully grasp the enormity of what they were doing. There haven&#39;t been many bullish voices for MSTR. Most people focus on the market cap&#39;s premium over the company&#39;s BTC holdings and scream &#34;overvalued&#34; and &#34;strong sell.&#34; This was the mistake of Kerrisdale Capital, which would be seriously underwater on their trade if they had kept it open. Last time, I warned against long BTC, short MSTR pair trades.</p><p>In the past, I have focused on the fact that BTC per share was growing, which justifies a premium. After all, most stocks trade at over 1X their book value because they are expected to grow their book value per share over time. I also focused on MSTR&#39;s use of intelligent leverage, where they sold their implied volatility in the form of convertible debt. This allows them to leverage BTC with near 0 interest rates, increase their volatility, and do more convertible issuances at better terms.</p><p>MSTR&#39;s convertible bonds have outperformed BTC and the S&amp;P 500. And its common stock has outperformed every single company in the index, since it started buying BTC in 2021.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cb24afb9043d95f9480a92a728ccda8f\" alt=\"MSTR Has Outperformed Every Stock In the SPX (MSTR)\" title=\"MSTR Has Outperformed Every Stock In the SPX (MSTR)\" tg-width=\"1132\" tg-height=\"628\"/><span>MSTR Has Outperformed Every Stock In the SPX (MSTR)</span></p><p style=\"text-align: left;\"></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d602bf0160eab348a9c760002140cbed\" alt=\"MSTR Convertibles Have Outperformed (MSTR)\" title=\"MSTR Convertibles Have Outperformed (MSTR)\" tg-width=\"1177\" tg-height=\"652\"/><span>MSTR Convertibles Have Outperformed (MSTR)</span></p><p>For a long time, this was my perspective of MSTR.</p><p>It was far more correct than those who said MSTR was a leveraged BTC fund which must trade at the NAV. But it was far off from what MSTR actually is, which is what I&#39;m writing this article about.</p><p>To set the stage: MSTR is a &#34;meta&#34; bet on BTC. By this, I mean it is more of a pure play on BTC than BTC itself. This was shocking to me because I thought nothing could be more of a financial bet on an asset than owning the asset itself.</p><p>Now for the practical revelation: MSTR is the only Bitcoin investment bank and will, in the future, be the most well-capitalized Bitcoin investment bank ever.</p><p>Let&#39;s see why.</p><h2 id=\"id_3221466396\">Bitcoin&#39;s Only Investment Bank</h2><p>MicroStrategy is like Bitcoin&#39;s investment bank because all MicroStrategy securities (convertible bonds and common stock for now, but the issuance of other securities is also on the table) are backed ultimately by BTC. Technically, there is also MicroStrategy&#39;s software business, but for simplicity we can omit this from the conversation. Note that I&#39;m using &#34;MicroStrategy&#34; and not &#34;MSTR&#34; on purpose to distinguish the company from the common stock security—I will do this throughout the article and only use &#34;MSTR&#34; when specifically talking about the common stock.</p><p>MicroStrategy is an operation that buys BTC by raising money from capital markets. But another way to understand this flow of cash is to think of Bitcoin itself as the only client of MicroStrategy, the investment bank.</p><p>A traditional investment bank securitizes the commitments of their client. It gives these securities to the capital markets in return for cash. It then passes the cash off to its client and takes a cut for the work. The client uses the cash to increase its value via business operations and pay off commitments: dividends and interest for equity and debt, respectively. Investment banking is a central component of any advanced, modern economy because it helps link savers and borrowers, enabling the intertemporal exchange of money. This is the function of all capital markets.</p><p>This is basically what MicroStrategy does. MicroStrategy securitizes BTC by issuing MicroStrategy securities. These are like Bitcoin securities because it&#39;s all backed by the BTC held by MicroStrategy. MicroStrategy then sells the securities to the capital markets and gives all the cash to its client, Bitcoin. Now, the only main difference is that rather than taking a cut in cash, MicroStrategy&#39;s cut is owning BTC. This would be like a traditional investment bank taking a cut by keeping some of the equity or debt of its client. Remember this point.</p><p>A good investment bank is able to square the needs of its client and the capital markets. Imagine if the markets really wanted bonds and a client wanted to raise money. A good investment bank provides the research and consulting services which informs the client, &#34;Hey! Don&#39;t do an equity raise, these people love debt right now, and you&#39;d get a better deal.&#34; It is a win-win. The market gets what it wants, and the client raises more money at favorable terms.</p><p>This is also what MicroStrategy does for Bitcoin. I&#39;ve listened to the last three MicroStrategy earnings calls live (because MSTR is a huge chunk of my portfolio) and they always mention that they are looking for &#34;favorable&#34; terms from the market.</p><p>If the appetite for convertibles is good, then they issue convertibles. An example of this was the week before 20 September, where they got $1.01 billion from convertibles.</p><p>If the appetite for MSTR shares is strong, then they do at-the-market (ATM) offerings. An example of this was the week before 11 November, where they got $2.03 billion from ATM offerings.</p><p>MicroStrategy is that good investment bank which maximizes the money raised for its client, Bitcoin.</p><p>Another thing a good investment bank does for clients is help market the clients&#39; security offerings. Traditionally, this looks like publishing sell-side research reports which explain the investment merits. The most important result is that the price of the client&#39;s stock goes up because the buy-side becomes aware of the facts, and they start taking positions.</p><p>This is also precisely what MicroStrategy does for Bitcoin. MicroStrategy considers itself the world&#39;s first &#34;Bitcoin Development Company.&#34; The Executive Chairman, Michael Saylor, has spent hundreds of hours on podcasts talking about Bitcoin. MicroStrategy hosts events like Bitcoin For Corporations, in which they are open-source their playbook for generating excess returns via a Bitcoin treasury strategy. Like the role of traditional investment banks, all of this action serves to increase the knowledge and awareness of BTC among the global investing and finance community.</p><p>There are many more examples of how MicroStrategy behaves like an investment bank with Bitcoin as its only client. But I&#39;ll mention only one more because this one is particularly important, and it is also a distinction from traditional investment banks. MicroStrategy&#39;s BTC purchases are effectively cornering the BTC market by removing supply from the market. Saylor has been adamant that he will never sell the BTC. The force of raising billions of dollars and piling everything into BTC is a major factor which has and will continue to increase BTC&#39;s price. The other force is BTC&#39;s absolute scarcity—when supply is removed from the market, there will never be more supply to replace it.</p><p>MSTR&#39;s meteoric rise is itself an ongoing marketing campaign for a Bitcoin acquisition strategy. I think every single CFO, public or private, must contend with the fact that they might be giving their shareholders suboptimal stock performance by ignoring BTC. Every single informed investor, I believe, must contend with the fact that if they don&#39;t own something that is acquiring BTC, they are possibly depriving themselves to suboptimal performance (and thus far those equities without BTC have demonstrably underperformed—this is just the objective fact).</p><p>But the result of more companies doing this is that the cornering of the BTC market will become much stronger. MicroStrategy is one public company. If 10 public companies start doing this, there is going to be much more demand pressure on BTC.</p><h2 id=\"id_1769003978\">How Does This Impact MSTR Value?</h2><p>MSTR is the equity position in this investment bank. Value accrues to equity holders of financial institutions from a spread. Banks lend at one rate and borrow at another. Investment banks sell securities at one price and take a cut, which means they effectively &#34;bought&#34; the securities at a lower price.</p><p>MSTR&#39;s spread is between the fiat cost of capital and BTC&#39;s fiat CAGR. BTC&#39;s CAGR is well over 50% on most multi-year windows. The fiat cost of capital with convertible bonds is extremely low. Bonds are a bit higher. The equity cost of capital is even higher—think S&amp;P 500 with a higher beta. But none of this is remotely close to BTC&#39;s CAGR. Thus, there is a substantial spread which accrues to shareholders.</p><p>I think this is how one should see MSTR. When you take on this perspective, the premium over the BTC holdings becomes a much more remote aspect of the valuation picture. People are tunnel visioned on the premium, but they really shouldn&#39;t be.</p><p>Here&#39;s where the premium is important. Remember how I said that the core divergence from traditional investment banks is that MicroStrategy holds the BTC, which is like a traditional investment bank holding onto a bunch of shares from the deal they do with their clients?</p><p>A normal investment bank would get the cash and distribute it to shareholders in a dividend or buyback. MSTR takes the cash and distributes it to shareholders in the form of a higher BTC per assumed diluted share. They call this BTC Yield.</p><p>Now it should all come together. You don&#39;t have to think of the premium as a function of BTC Yield. This was my mistake before: I thought that the premium was justified because BTC Yield was positive.</p><p>You do have to think of the premium as the investment bank business, which captures a gigantic spread between BTC&#39;s fiat CAGR and the fiat cost of capital that the investment bank is accessing for its only client.</p><p>Put differently, MSTR is best regarded as three components, not two. The classical, and mistaken, two components are: BTC holdings and software business. The actual three components are: BTC holdings, software business, Bitcoin&#39;s investment bank. And &#34;Bitcoin&#39;s investment bank&#34; is a tremendous profit machine (as long as BTC maintains its CAGR). It just never crosses the income statement as actual earnings, and that has confused everyone. It has a huge amount of &#34;accrued revenue&#34; because over the long run this value accrues to the equity in the form of unrealized capital gains on BTC.</p><p>MicroStrategy is misunderstood because it is straddling two different monetary standards. Fiat accounting forces the treatment of BTC as a balance sheet item. The economic reality is that the BTC purchased is actually a revenue to MSTR, just as the revenue for a bank is the interest received on loans.</p><p>Here&#39;s another way to see the reality. What I am calling the &#34;Bitcoin&#39;s investment bank&#34; business segment must have costs which are reflected in the financials of the business. There are already revenues: I am arguing that revenues are the BTC that MicroStrategy purchases. The costs are interest payments on convertible debt and dilutions on the equity as a result of convertibles and ATM offerings.</p><p>To tie it back to the bank example: BTC is revenue to MSTR, while interest expenses and dilution are the costs. Interest on loans is revenue to a bank while interest paid to depositors are the costs.</p><h2 id=\"id_685512451\">Addressing One Rebuttal</h2><p>Now, you might be thinking: &#34;But an actual investment bank has to give the money it raises to its client. You can&#39;t just treat the money MicroStrategy raises as revenues which flow to MSTR! If you claim Bitcoin is the client, then Bitcoin needs to be taking that money to do something with it to make BTC more successful! And if Bitcoin is taking that money, then how can you say that it is a revenue to MSTR, which is a separate entity?&#34;</p><p>If this is your rebuke, then it means you deeply understand the financial sector. If you didn&#39;t think about this, you are likely in good company. The critique is saying that there are some awkward situations when you take the &#34;Bitcoin as a client&#34; observation to its logical conclusion because Bitcoin is an inanimate thing, and it isn&#39;t a group of people working towards the human endeavor of value creation.</p><p>Here&#39;s why I think we can look past this rebuke, and effectively sidestep it.</p><p>Again, MicroStrategy&#39;s underwriting fee is a stake in the client. It is not dollars. An underwriting fee is revenue investment banks receive from clients.</p><p>When MicroStrategy buys BTC, it is literally giving the money to Bitcoin. Bitcoin immediately takes that money and &#34;creates&#34; value because the capital injection increases the market cap of the absolutely scarce BTC, all else equal. Bitcoin then gives the BTC—the underwriting fee—back to MicroStrategy.</p><p>The dollars MicroStrategy raised go to Bitcoin, and then higher-valued BTC (due to the capital injection) immediately comes back to MicroStrategy. The money indeed went to the client and went back to MicroStrategy as revenue, just in the form of BTC. This happened at the same moment in time.</p><p>And what do I mean by &#34;Bitcoin&#34; as an entity? It really is the collective of everything and everyone involved with Bitcoin. If you hold BTC, run a node, are a miner, use BTC for payments, you are part of Bitcoin. It is the network. Networks have value because people use them. So when &#34;Bitcoin&#34; gives MicroStrategy some BTC as a revenue, what&#39;s happening is some holder of BTC paid MicroStrategy the investment bank for raising money for the network. The holder got some dollars and MicroStrategy got its BTC. Hence, Bitcoin got the money and paid the revenue right back.</p><h2 id=\"id_1813224027\">What Else Can The Investment Bank Do?</h2><p>Once you internalize that MicroStrategy is Bitcoin&#39;s investment bank, you should see that MSTR can chop up the risk profile of its issued BTC securities by designing the covenants in creative ways.</p><p>So far, they&#39;ve only dealt with common stock issuance, a bit of secured debt, and convertibles. But they can also issue preferred shares, mezz debt, warrants, and structured products. These can all be adjusted to whatever risk and return profile the market wants. The only rule is that the cost of capital (which means the commitments within these securities) is lower than the expected CAGR of BTC.</p><h4 id=\"id_1905907306\">Everything else is absorbed by MSTR common stock</h4><p>And this is an extremely profound feature. Many investors desire lower volatility, lower returns. Any volatility or returns from BTC which is in excess of what these investors desire accrues to the common stock. This is how MSTR has 120 IV and meteoric growth. MSTR is the volatility and return dampener for the securities issuances of MicroStrategy.</p><p>Think of conservation of energy and mass as a metaphor for what is happening. BTC&#39;s returns and volatility comes into the system, but many investors don&#39;t want something that volatile, even if the returns are great. So MSTR takes in the BTC and absorbs a chunk of the returns and a chunk of the volatility into itself, while giving these other investors the precise return and risk profile they desire. Total volatility and returns across the system remains the same: it all comes from BTC, and there is a conservation of volatility and returns within the system. The financial engineering of MSTR comes from chopping up and distributing the desired quantity of returns and volatility to each class of investor.</p><p>As I&#39;ve covered many times before, this creates immense volatility in MSTR, which allows MicroStrategy to issue convertible debt at near 0% interest rates because they are effectively selling the volatility and monetizing the second moment of the distribution. But MicroStrategy getting more BTC translates to the investment bank segment absorbing more BTC to chop up into risk and return profiles.</p><p>As Saylor says in the Q3 earnings call:</p><blockquote><p>We think ultimately it&#39;s going to be good for investors. It&#39;s going to be good for our common stock shareholders. There&#39;s really nobody&#39;s really losing because as I&#39;ve said before, it&#39;s like bitcoin is giving us 50 vol, 50 ARR. And the world&#39;s full of people that would be delighted to take 20 vol, 20 ARR. And if we gave it to them over a long enough timeframe, it looks like—it&#39;s like a 60% BTC spread product where $100 million of capital results in $60 million of BTC gains for our shareholders. And it still results in a very compelling instrument that&#39;s very easy to understand for a new class of investors.</p></blockquote><p><em>What other risk and return profiles are there?</em></p><p>Preferred stock can be structured to give the investor some number of returns via dividends. This gives them some upside and little downside. And generally stable cash flows.</p><p>There are also convertibles on preferred stock. This would give the investor the option to acquire the above risk and return profile.</p><p>There are warrants, which are effectively pure long-term call options on MSTR. I have stated in the past that MicroStrategy can issue warrants to buy BTC calls. After all, MSTR has a significantly higher IV than BTC, so this could be a very natural arbitrage.</p><p>There are different classes of debt with various covenants which might be useful to investors.</p><p>And of course there are structured products for ISDA-holders. These can literally be designed to fit any risk/ return profile.</p><p>The point is that convertibles are the tip of the iceberg for all the different securities markets which MicroStrategy the investment bank can do business in. With every issuance, its client, Bitcoin, gets a few more billion dollars in capital, which pushes up the BTC market cap by a lot more than a few billion dollars.</p><h2 id=\"id_2646134015\">Investment Bank Valuation</h2><p>So if the BTC purchases are revenues and the interest rate and dilution are the cost of revenues, then we can redo MSTR&#39;s financials to reflect this view of economic reality. You can see the entire history of MicroStrategy BTC purchases on Michael Saylor (MicroStrategy) Portfolio Tracker. I simply took those entries and aggregated them by quarter starting from Q1 of 2021.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0c2d5b585a36d828f56a9943c969903b\" tg-width=\"577\" tg-height=\"504\"/></p><p>This reflects (in order from left to right): the total cost of all BTC purchased in the quarter, the total value of that BTC on 16 November 2024, and the total unrealized capital gain thus far from that purchase.</p><p style=\"text-align: left;\">Since the BTC purchased is &#34;revenue&#34; to MSTR the investment bank, the cost of the BTC purchased column will be the quarterly &#34;revenue&#34; in our new model. A combination of MSTR&#39;s interest rate on debt and dilution is the cost of that revenue. I assume the cost of capital to be 15%, it&#39;s just under 2X the average annual return of the S&amp;P 500, which is the equity cost of capital. I multiply the &#34;revenue&#34; by 0.85 to get the gross profit. Another way to say this is that 15% of the BTC MSTR purchases is actually lost on a per share basis due to a combination of interest expenses and dilution.</p><p style=\"text-align: left;\">And the column of P/L is best understood as each quarter&#39;s contribution to current accrued revenues. If you add up the entire column, then that is the total unrealized capital gains of MSTR&#39;s BTC holdings. This changes with the price of BTC. The restated columns look like this:</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f44529b1a000f6bc070cb06932c54a35\" tg-width=\"604\" tg-height=\"493\"/></p><p>So really, the investment bank was responsible for over $5 billion in gross profits this year alone. And it has grown tremendously year after year from 2023 and 2022. All of this is before we look at the accrued revenues. When you add all the accrued revenues together, you get $6.7 billion. I hope MSTR&#39;s $69 billion market cap is making more sense now. Even with just the $5 billion gross, we&#39;re looking at an adjusted TTM PE ratio of 14 (69 billion / 5 billion = 14).</p><p style=\"text-align: left;\">Here are the PE&#39;s for the five bulge bracket US investment banks:</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b8a901c6e3f83ede835f2dafeb427161\" alt=\"IB Multiples (Seeking Alpha)\" title=\"IB Multiples (Seeking Alpha)\" tg-width=\"1269\" tg-height=\"387\"/><span>IB Multiples (Seeking Alpha)</span></p><p style=\"text-align: left;\">Pretty close. In fact, MSTR looks to be on the lower end of this list.</p><p style=\"text-align: left;\">You could say that the earnings on these multiples are net and not gross profits, but then I would counter by saying that $6.7 billion in accrued revenues with 100% profit margins (this is what unrealized capital gains are) were not included in my MSTR adjusted PE multiple. I could also counter by saying that I used the entire MSTR market cap (a third of which is unencumbered BTC) to divide by the investment bank earnings, thus using a much bigger numerator and inflating the end multiple. A third possible counter would be that I used a pretty enormous 15% cost of capital assumption. Nearly all of MSTR&#39;s debt has been under 1% interest rate.</p><p style=\"text-align: left;\">These are napkin math, so I want to make the margin of safety abundantly clear. These are three layers of significant margin of safety.</p><p style=\"text-align: left;\">Now we move to forward earnings. MicroStrategy announced a $42 billion capital raise to be carried out over the next 3 years. Nearly all proceeds will go to buying a stake in the client: Bitcoin. That is an average of $14 billion per year. Even if we assumed a 30% cost of capital, the gross profit from this would be $10 billion per year, which is 2X what MSTR did this year. So if the business has 100% growth and a 14 PE, that puts its PEG ratio at 0.14, again with all that margin of safety baked in.</p><p style=\"text-align: left;\">The bulge bracket numbers above indicate forward PEG non-GAAP ratios of 5–12X MSTR&#39;s 0.14 (I&#39;m dropping C and JPM). This tells me that, conservatively, we have another 5X from the current market cap of $69 billion.</p><p style=\"text-align: left;\">Now we have to consider that MSTR has no competition as an investment bank for Bitcoin. It currently is the only one because no one else is issuing securities like MicroStrategy is. Also, MicroStrategy will always be the most well capitalized Bitcoin investment bank because no one else will have 1.3% of the BTC supply. Finally, it is only MSTR which has enough volatility to support such a convertible bonds strategy. If anyone else tried to add BTC to its balance sheet, its equity still wouldn&#39;t be as volatile as MSTR. This is effectively a permanent moat.</p><p style=\"text-align: left;\">So there probably should be a &#34;monopoly&#34; premium attached to MSTR too. An investor who wants traditional investment bank exposure can pick any of the several investment banks. An investor who wants a Bitcoin investment bank is left with only one option. If you are unconvinced about a monopoly premium, I urge you to take a look at how NVDA is priced relative to other chipmakers.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/30de4a69a7fdf2793378ba232c13baeb\" alt=\"Chips Multiples (Seeking Alpha)\" title=\"Chips Multiples (Seeking Alpha)\" tg-width=\"1258\" tg-height=\"531\"/><span>Chips Multiples (Seeking Alpha)</span></p><p style=\"text-align: left;\">Market leaders always get a premium. And chips aren&#39;t even close to a monopoly. It would be much more extreme in a real monopoly. I will put this premium at 2–4X a traditional investment bank&#39;s multiples (which exist in a much more competitive market).</p><p style=\"text-align: left;\">If we apply the monopoly premium of 2X and then apply the PEG ratios, the investment bank&#39;s equity value alone is probably worth 10–24X what the current market cap is now, with all three layers of margin of safety still intact. If we remove those margins of safety, this makes MSTR a potentially multi-trillion dollar business. <strong>So, my official MSTR market cap target: somewhere between $690 billion and $3 trillion</strong>.</p><p style=\"text-align: left;\">Lastly, this analysis derives equity value based on the investment bank &#34;earnings&#34;. We haven&#39;t yet covered the 279,420 BTC on the balance sheet. That is another $25 billion. MSTR also retains the option to deploy the BTC to earn additional income, which should, of course, increase the value of the raw holdings.</p><p style=\"text-align: left;\">One final quirk. Notice how the premium to BTC NAV completely disappears as a consideration after you see things this way?</p><h2 id=\"id_3042884024\" style=\"text-align: left;\">Risks And Caveats</h2><p style=\"text-align: left;\">MSTR would fail if Bitcoin fails. The whole investment thesis is predicated upon accepting Bitcoin risk. But if BTC crashes, I&#39;m not sure that would mean MSTR would crash harder. Positive BTC Yield should be regarded as an alpha on top of BTC performance, and I&#39;ve argued this in the past too. I think it really comes down to the duration of a BTC drawdown. If the drawdown is extended and MSTR&#39;s price is below the conversion price on its convertibles, then convertible bonds investors might choose not to convert. This could force MSTR to issue more debt to pay off these demands, or even to sell BTC. That could be catastrophic for sentiment.</p><p style=\"text-align: left;\">I think it is also possible that MSTR could fail if regulators step in to squash the business. Maybe a law can be passed that securities issuances cannot be used to buy BTC, or something to that effect. This would certainly be a remote, tail risk. The incoming Trump administration is definitely more politically aligned with crypto than the outgoing administration. I think it is extremely unlikely for MSTR to get regulated away.</p><p style=\"text-align: left;\"><strong>One important caveat to the analysis and napkin math I did here is that I&#39;m not saying the share price will 10–24X. I am saying the market cap will.</strong> MSTR does a ton of dilutions, so share price growth will always be less than market cap growth. I&#39;m not sure how much dilution will occur, but personally, I think that the upside is too massive to be concerned about this.</p><p style=\"text-align: left;\">The last caveat is that most people may not see it this way for a while. I anticipate a lot of pushback against this thesis because it is very unique compared to what is normally said about MSTR, or anything in securities analysis for that matter. The lack of recognition of this economic reality could take a long time to correct. While there is opportunity in that, there are also significant risks. Being early and being wrong is often the same thing in markets.</p><h2 id=\"id_648834402\" style=\"text-align: left;\">Conclusion</h2><p style=\"text-align: left;\">I think MSTR is more of a Bitcoin bet than BTC itself. It capitalizes on aspects of Bitcoin that a simple BTC investment cannot do so efficiently. With BTC becoming more mainstream, you will certainly see BTC backed securities, of which MSTR is the core beneficiary. MSTR is monetizing BTC&#39;s volatility and its network effect growth.</p></body></html>","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>MicroStrategy Could Be A Multi-Trillion Dollar Company</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\">\nMicroStrategy Could Be A Multi-Trillion Dollar Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 13:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4738579-microstrategy-could-be-a-multi-trillion-dollar-company><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicroStrategy is effectively Bitcoin's only investment bank.MSTR's unique strategy involves issuing securities backed by BTC, creating significant value through a spread between BTC's CAGR and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4738579-microstrategy-could-be-a-multi-trillion-dollar-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4023":"应用软件","MSTR":"MicroStrategy","BK4585":"ETF&股票定投概念","BK4516":"特朗普概念","BK4595":"比特币概念","BK4588":"碎股","BK4596":"哈里斯概念"},"source_url":"https://seekingalpha.com/article/4738579-microstrategy-could-be-a-multi-trillion-dollar-company","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2484399099","content_text":"SummaryMicroStrategy is effectively Bitcoin's only investment bank.MSTR's unique strategy involves issuing securities backed by BTC, creating significant value through a spread between BTC's CAGR and fiat cost of capital.Its BTC purchases are best thought of as revenue, and its rock bottom costs of capital are best thought of as costs of revenue.MSTR's market cap could potentially reach $690 billion to $3 trillion, driven by its unparalleled role in the BTC ecosystem and virtually impregnable moat of owning 1.3% of all BTC.Bitcoin Conference Draws Cryptocurrency Fans To MiamiFrankly, I got MicroStrategy wrong. I've been heavily long and consistently bullish on MSTR in my Seeking Alpha articles, but I didn't fully grasp the enormity of what they were doing. There haven't been many bullish voices for MSTR. Most people focus on the market cap's premium over the company's BTC holdings and scream \"overvalued\" and \"strong sell.\" This was the mistake of Kerrisdale Capital, which would be seriously underwater on their trade if they had kept it open. Last time, I warned against long BTC, short MSTR pair trades.In the past, I have focused on the fact that BTC per share was growing, which justifies a premium. After all, most stocks trade at over 1X their book value because they are expected to grow their book value per share over time. I also focused on MSTR's use of intelligent leverage, where they sold their implied volatility in the form of convertible debt. This allows them to leverage BTC with near 0 interest rates, increase their volatility, and do more convertible issuances at better terms.MSTR's convertible bonds have outperformed BTC and the S&P 500. And its common stock has outperformed every single company in the index, since it started buying BTC in 2021.MSTR Has Outperformed Every Stock In the SPX (MSTR)MSTR Convertibles Have Outperformed (MSTR)For a long time, this was my perspective of MSTR.It was far more correct than those who said MSTR was a leveraged BTC fund which must trade at the NAV. But it was far off from what MSTR actually is, which is what I'm writing this article about.To set the stage: MSTR is a \"meta\" bet on BTC. By this, I mean it is more of a pure play on BTC than BTC itself. This was shocking to me because I thought nothing could be more of a financial bet on an asset than owning the asset itself.Now for the practical revelation: MSTR is the only Bitcoin investment bank and will, in the future, be the most well-capitalized Bitcoin investment bank ever.Let's see why.Bitcoin's Only Investment BankMicroStrategy is like Bitcoin's investment bank because all MicroStrategy securities (convertible bonds and common stock for now, but the issuance of other securities is also on the table) are backed ultimately by BTC. Technically, there is also MicroStrategy's software business, but for simplicity we can omit this from the conversation. Note that I'm using \"MicroStrategy\" and not \"MSTR\" on purpose to distinguish the company from the common stock security—I will do this throughout the article and only use \"MSTR\" when specifically talking about the common stock.MicroStrategy is an operation that buys BTC by raising money from capital markets. But another way to understand this flow of cash is to think of Bitcoin itself as the only client of MicroStrategy, the investment bank.A traditional investment bank securitizes the commitments of their client. It gives these securities to the capital markets in return for cash. It then passes the cash off to its client and takes a cut for the work. The client uses the cash to increase its value via business operations and pay off commitments: dividends and interest for equity and debt, respectively. Investment banking is a central component of any advanced, modern economy because it helps link savers and borrowers, enabling the intertemporal exchange of money. This is the function of all capital markets.This is basically what MicroStrategy does. MicroStrategy securitizes BTC by issuing MicroStrategy securities. These are like Bitcoin securities because it's all backed by the BTC held by MicroStrategy. MicroStrategy then sells the securities to the capital markets and gives all the cash to its client, Bitcoin. Now, the only main difference is that rather than taking a cut in cash, MicroStrategy's cut is owning BTC. This would be like a traditional investment bank taking a cut by keeping some of the equity or debt of its client. Remember this point.A good investment bank is able to square the needs of its client and the capital markets. Imagine if the markets really wanted bonds and a client wanted to raise money. A good investment bank provides the research and consulting services which informs the client, \"Hey! Don't do an equity raise, these people love debt right now, and you'd get a better deal.\" It is a win-win. The market gets what it wants, and the client raises more money at favorable terms.This is also what MicroStrategy does for Bitcoin. I've listened to the last three MicroStrategy earnings calls live (because MSTR is a huge chunk of my portfolio) and they always mention that they are looking for \"favorable\" terms from the market.If the appetite for convertibles is good, then they issue convertibles. An example of this was the week before 20 September, where they got $1.01 billion from convertibles.If the appetite for MSTR shares is strong, then they do at-the-market (ATM) offerings. An example of this was the week before 11 November, where they got $2.03 billion from ATM offerings.MicroStrategy is that good investment bank which maximizes the money raised for its client, Bitcoin.Another thing a good investment bank does for clients is help market the clients' security offerings. Traditionally, this looks like publishing sell-side research reports which explain the investment merits. The most important result is that the price of the client's stock goes up because the buy-side becomes aware of the facts, and they start taking positions.This is also precisely what MicroStrategy does for Bitcoin. MicroStrategy considers itself the world's first \"Bitcoin Development Company.\" The Executive Chairman, Michael Saylor, has spent hundreds of hours on podcasts talking about Bitcoin. MicroStrategy hosts events like Bitcoin For Corporations, in which they are open-source their playbook for generating excess returns via a Bitcoin treasury strategy. Like the role of traditional investment banks, all of this action serves to increase the knowledge and awareness of BTC among the global investing and finance community.There are many more examples of how MicroStrategy behaves like an investment bank with Bitcoin as its only client. But I'll mention only one more because this one is particularly important, and it is also a distinction from traditional investment banks. MicroStrategy's BTC purchases are effectively cornering the BTC market by removing supply from the market. Saylor has been adamant that he will never sell the BTC. The force of raising billions of dollars and piling everything into BTC is a major factor which has and will continue to increase BTC's price. The other force is BTC's absolute scarcity—when supply is removed from the market, there will never be more supply to replace it.MSTR's meteoric rise is itself an ongoing marketing campaign for a Bitcoin acquisition strategy. I think every single CFO, public or private, must contend with the fact that they might be giving their shareholders suboptimal stock performance by ignoring BTC. Every single informed investor, I believe, must contend with the fact that if they don't own something that is acquiring BTC, they are possibly depriving themselves to suboptimal performance (and thus far those equities without BTC have demonstrably underperformed—this is just the objective fact).But the result of more companies doing this is that the cornering of the BTC market will become much stronger. MicroStrategy is one public company. If 10 public companies start doing this, there is going to be much more demand pressure on BTC.How Does This Impact MSTR Value?MSTR is the equity position in this investment bank. Value accrues to equity holders of financial institutions from a spread. Banks lend at one rate and borrow at another. Investment banks sell securities at one price and take a cut, which means they effectively \"bought\" the securities at a lower price.MSTR's spread is between the fiat cost of capital and BTC's fiat CAGR. BTC's CAGR is well over 50% on most multi-year windows. The fiat cost of capital with convertible bonds is extremely low. Bonds are a bit higher. The equity cost of capital is even higher—think S&P 500 with a higher beta. But none of this is remotely close to BTC's CAGR. Thus, there is a substantial spread which accrues to shareholders.I think this is how one should see MSTR. When you take on this perspective, the premium over the BTC holdings becomes a much more remote aspect of the valuation picture. People are tunnel visioned on the premium, but they really shouldn't be.Here's where the premium is important. Remember how I said that the core divergence from traditional investment banks is that MicroStrategy holds the BTC, which is like a traditional investment bank holding onto a bunch of shares from the deal they do with their clients?A normal investment bank would get the cash and distribute it to shareholders in a dividend or buyback. MSTR takes the cash and distributes it to shareholders in the form of a higher BTC per assumed diluted share. They call this BTC Yield.Now it should all come together. You don't have to think of the premium as a function of BTC Yield. This was my mistake before: I thought that the premium was justified because BTC Yield was positive.You do have to think of the premium as the investment bank business, which captures a gigantic spread between BTC's fiat CAGR and the fiat cost of capital that the investment bank is accessing for its only client.Put differently, MSTR is best regarded as three components, not two. The classical, and mistaken, two components are: BTC holdings and software business. The actual three components are: BTC holdings, software business, Bitcoin's investment bank. And \"Bitcoin's investment bank\" is a tremendous profit machine (as long as BTC maintains its CAGR). It just never crosses the income statement as actual earnings, and that has confused everyone. It has a huge amount of \"accrued revenue\" because over the long run this value accrues to the equity in the form of unrealized capital gains on BTC.MicroStrategy is misunderstood because it is straddling two different monetary standards. Fiat accounting forces the treatment of BTC as a balance sheet item. The economic reality is that the BTC purchased is actually a revenue to MSTR, just as the revenue for a bank is the interest received on loans.Here's another way to see the reality. What I am calling the \"Bitcoin's investment bank\" business segment must have costs which are reflected in the financials of the business. There are already revenues: I am arguing that revenues are the BTC that MicroStrategy purchases. The costs are interest payments on convertible debt and dilutions on the equity as a result of convertibles and ATM offerings.To tie it back to the bank example: BTC is revenue to MSTR, while interest expenses and dilution are the costs. Interest on loans is revenue to a bank while interest paid to depositors are the costs.Addressing One RebuttalNow, you might be thinking: \"But an actual investment bank has to give the money it raises to its client. You can't just treat the money MicroStrategy raises as revenues which flow to MSTR! If you claim Bitcoin is the client, then Bitcoin needs to be taking that money to do something with it to make BTC more successful! And if Bitcoin is taking that money, then how can you say that it is a revenue to MSTR, which is a separate entity?\"If this is your rebuke, then it means you deeply understand the financial sector. If you didn't think about this, you are likely in good company. The critique is saying that there are some awkward situations when you take the \"Bitcoin as a client\" observation to its logical conclusion because Bitcoin is an inanimate thing, and it isn't a group of people working towards the human endeavor of value creation.Here's why I think we can look past this rebuke, and effectively sidestep it.Again, MicroStrategy's underwriting fee is a stake in the client. It is not dollars. An underwriting fee is revenue investment banks receive from clients.When MicroStrategy buys BTC, it is literally giving the money to Bitcoin. Bitcoin immediately takes that money and \"creates\" value because the capital injection increases the market cap of the absolutely scarce BTC, all else equal. Bitcoin then gives the BTC—the underwriting fee—back to MicroStrategy.The dollars MicroStrategy raised go to Bitcoin, and then higher-valued BTC (due to the capital injection) immediately comes back to MicroStrategy. The money indeed went to the client and went back to MicroStrategy as revenue, just in the form of BTC. This happened at the same moment in time.And what do I mean by \"Bitcoin\" as an entity? It really is the collective of everything and everyone involved with Bitcoin. If you hold BTC, run a node, are a miner, use BTC for payments, you are part of Bitcoin. It is the network. Networks have value because people use them. So when \"Bitcoin\" gives MicroStrategy some BTC as a revenue, what's happening is some holder of BTC paid MicroStrategy the investment bank for raising money for the network. The holder got some dollars and MicroStrategy got its BTC. Hence, Bitcoin got the money and paid the revenue right back.What Else Can The Investment Bank Do?Once you internalize that MicroStrategy is Bitcoin's investment bank, you should see that MSTR can chop up the risk profile of its issued BTC securities by designing the covenants in creative ways.So far, they've only dealt with common stock issuance, a bit of secured debt, and convertibles. But they can also issue preferred shares, mezz debt, warrants, and structured products. These can all be adjusted to whatever risk and return profile the market wants. The only rule is that the cost of capital (which means the commitments within these securities) is lower than the expected CAGR of BTC.Everything else is absorbed by MSTR common stockAnd this is an extremely profound feature. Many investors desire lower volatility, lower returns. Any volatility or returns from BTC which is in excess of what these investors desire accrues to the common stock. This is how MSTR has 120 IV and meteoric growth. MSTR is the volatility and return dampener for the securities issuances of MicroStrategy.Think of conservation of energy and mass as a metaphor for what is happening. BTC's returns and volatility comes into the system, but many investors don't want something that volatile, even if the returns are great. So MSTR takes in the BTC and absorbs a chunk of the returns and a chunk of the volatility into itself, while giving these other investors the precise return and risk profile they desire. Total volatility and returns across the system remains the same: it all comes from BTC, and there is a conservation of volatility and returns within the system. The financial engineering of MSTR comes from chopping up and distributing the desired quantity of returns and volatility to each class of investor.As I've covered many times before, this creates immense volatility in MSTR, which allows MicroStrategy to issue convertible debt at near 0% interest rates because they are effectively selling the volatility and monetizing the second moment of the distribution. But MicroStrategy getting more BTC translates to the investment bank segment absorbing more BTC to chop up into risk and return profiles.As Saylor says in the Q3 earnings call:We think ultimately it's going to be good for investors. It's going to be good for our common stock shareholders. There's really nobody's really losing because as I've said before, it's like bitcoin is giving us 50 vol, 50 ARR. And the world's full of people that would be delighted to take 20 vol, 20 ARR. And if we gave it to them over a long enough timeframe, it looks like—it's like a 60% BTC spread product where $100 million of capital results in $60 million of BTC gains for our shareholders. And it still results in a very compelling instrument that's very easy to understand for a new class of investors.What other risk and return profiles are there?Preferred stock can be structured to give the investor some number of returns via dividends. This gives them some upside and little downside. And generally stable cash flows.There are also convertibles on preferred stock. This would give the investor the option to acquire the above risk and return profile.There are warrants, which are effectively pure long-term call options on MSTR. I have stated in the past that MicroStrategy can issue warrants to buy BTC calls. After all, MSTR has a significantly higher IV than BTC, so this could be a very natural arbitrage.There are different classes of debt with various covenants which might be useful to investors.And of course there are structured products for ISDA-holders. These can literally be designed to fit any risk/ return profile.The point is that convertibles are the tip of the iceberg for all the different securities markets which MicroStrategy the investment bank can do business in. With every issuance, its client, Bitcoin, gets a few more billion dollars in capital, which pushes up the BTC market cap by a lot more than a few billion dollars.Investment Bank ValuationSo if the BTC purchases are revenues and the interest rate and dilution are the cost of revenues, then we can redo MSTR's financials to reflect this view of economic reality. You can see the entire history of MicroStrategy BTC purchases on Michael Saylor (MicroStrategy) Portfolio Tracker. I simply took those entries and aggregated them by quarter starting from Q1 of 2021.This reflects (in order from left to right): the total cost of all BTC purchased in the quarter, the total value of that BTC on 16 November 2024, and the total unrealized capital gain thus far from that purchase.Since the BTC purchased is \"revenue\" to MSTR the investment bank, the cost of the BTC purchased column will be the quarterly \"revenue\" in our new model. A combination of MSTR's interest rate on debt and dilution is the cost of that revenue. I assume the cost of capital to be 15%, it's just under 2X the average annual return of the S&P 500, which is the equity cost of capital. I multiply the \"revenue\" by 0.85 to get the gross profit. Another way to say this is that 15% of the BTC MSTR purchases is actually lost on a per share basis due to a combination of interest expenses and dilution.And the column of P/L is best understood as each quarter's contribution to current accrued revenues. If you add up the entire column, then that is the total unrealized capital gains of MSTR's BTC holdings. This changes with the price of BTC. The restated columns look like this:So really, the investment bank was responsible for over $5 billion in gross profits this year alone. And it has grown tremendously year after year from 2023 and 2022. All of this is before we look at the accrued revenues. When you add all the accrued revenues together, you get $6.7 billion. I hope MSTR's $69 billion market cap is making more sense now. Even with just the $5 billion gross, we're looking at an adjusted TTM PE ratio of 14 (69 billion / 5 billion = 14).Here are the PE's for the five bulge bracket US investment banks:IB Multiples (Seeking Alpha)Pretty close. In fact, MSTR looks to be on the lower end of this list.You could say that the earnings on these multiples are net and not gross profits, but then I would counter by saying that $6.7 billion in accrued revenues with 100% profit margins (this is what unrealized capital gains are) were not included in my MSTR adjusted PE multiple. I could also counter by saying that I used the entire MSTR market cap (a third of which is unencumbered BTC) to divide by the investment bank earnings, thus using a much bigger numerator and inflating the end multiple. A third possible counter would be that I used a pretty enormous 15% cost of capital assumption. Nearly all of MSTR's debt has been under 1% interest rate.These are napkin math, so I want to make the margin of safety abundantly clear. These are three layers of significant margin of safety.Now we move to forward earnings. MicroStrategy announced a $42 billion capital raise to be carried out over the next 3 years. Nearly all proceeds will go to buying a stake in the client: Bitcoin. That is an average of $14 billion per year. Even if we assumed a 30% cost of capital, the gross profit from this would be $10 billion per year, which is 2X what MSTR did this year. So if the business has 100% growth and a 14 PE, that puts its PEG ratio at 0.14, again with all that margin of safety baked in.The bulge bracket numbers above indicate forward PEG non-GAAP ratios of 5–12X MSTR's 0.14 (I'm dropping C and JPM). This tells me that, conservatively, we have another 5X from the current market cap of $69 billion.Now we have to consider that MSTR has no competition as an investment bank for Bitcoin. It currently is the only one because no one else is issuing securities like MicroStrategy is. Also, MicroStrategy will always be the most well capitalized Bitcoin investment bank because no one else will have 1.3% of the BTC supply. Finally, it is only MSTR which has enough volatility to support such a convertible bonds strategy. If anyone else tried to add BTC to its balance sheet, its equity still wouldn't be as volatile as MSTR. This is effectively a permanent moat.So there probably should be a \"monopoly\" premium attached to MSTR too. An investor who wants traditional investment bank exposure can pick any of the several investment banks. An investor who wants a Bitcoin investment bank is left with only one option. If you are unconvinced about a monopoly premium, I urge you to take a look at how NVDA is priced relative to other chipmakers.Chips Multiples (Seeking Alpha)Market leaders always get a premium. And chips aren't even close to a monopoly. It would be much more extreme in a real monopoly. I will put this premium at 2–4X a traditional investment bank's multiples (which exist in a much more competitive market).If we apply the monopoly premium of 2X and then apply the PEG ratios, the investment bank's equity value alone is probably worth 10–24X what the current market cap is now, with all three layers of margin of safety still intact. If we remove those margins of safety, this makes MSTR a potentially multi-trillion dollar business. So, my official MSTR market cap target: somewhere between $690 billion and $3 trillion.Lastly, this analysis derives equity value based on the investment bank \"earnings\". We haven't yet covered the 279,420 BTC on the balance sheet. That is another $25 billion. MSTR also retains the option to deploy the BTC to earn additional income, which should, of course, increase the value of the raw holdings.One final quirk. Notice how the premium to BTC NAV completely disappears as a consideration after you see things this way?Risks And CaveatsMSTR would fail if Bitcoin fails. The whole investment thesis is predicated upon accepting Bitcoin risk. But if BTC crashes, I'm not sure that would mean MSTR would crash harder. Positive BTC Yield should be regarded as an alpha on top of BTC performance, and I've argued this in the past too. I think it really comes down to the duration of a BTC drawdown. If the drawdown is extended and MSTR's price is below the conversion price on its convertibles, then convertible bonds investors might choose not to convert. This could force MSTR to issue more debt to pay off these demands, or even to sell BTC. That could be catastrophic for sentiment.I think it is also possible that MSTR could fail if regulators step in to squash the business. Maybe a law can be passed that securities issuances cannot be used to buy BTC, or something to that effect. This would certainly be a remote, tail risk. The incoming Trump administration is definitely more politically aligned with crypto than the outgoing administration. I think it is extremely unlikely for MSTR to get regulated away.One important caveat to the analysis and napkin math I did here is that I'm not saying the share price will 10–24X. I am saying the market cap will. MSTR does a ton of dilutions, so share price growth will always be less than market cap growth. I'm not sure how much dilution will occur, but personally, I think that the upside is too massive to be concerned about this.The last caveat is that most people may not see it this way for a while. I anticipate a lot of pushback against this thesis because it is very unique compared to what is normally said about MSTR, or anything in securities analysis for that matter. The lack of recognition of this economic reality could take a long time to correct. While there is opportunity in that, there are also significant risks. Being early and being wrong is often the same thing in markets.ConclusionI think MSTR is more of a Bitcoin bet than BTC itself. It capitalizes on aspects of Bitcoin that a simple BTC investment cannot do so efficiently. With BTC becoming more mainstream, you will certainly see BTC backed securities, of which MSTR is the core beneficiary. MSTR is monetizing BTC's volatility and its network effect growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372559980507144,"gmtCreate":1731966238247,"gmtModify":1731966243189,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VVPR\">$VivoPower(VVPR)$ </a> Can survive???","listText":"<a href=\"https://ttm.financial/S/VVPR\">$VivoPower(VVPR)$ </a> Can survive???","text":"$VivoPower(VVPR)$ Can survive???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372559980507144","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371567591841928,"gmtCreate":1731754461847,"gmtModify":1731754466442,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"Tomorrow you ask the shareholders to sell!","listText":"Tomorrow you ask the shareholders to sell!","text":"Tomorrow you ask the shareholders to sell!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371567591841928","repostId":"1162498604","repostType":2,"repost":{"id":"1162498604","kind":"news","pubTimestamp":1731721233,"share":"https://ttm.financial/m/news/1162498604?lang=&edition=fundamental","pubTime":"2024-11-16 09:40","market":"us","language":"en","title":"How Large Can Nvidia Realistically Grow","url":"https://stock-news.laohu8.com/highlight/detail?id=1162498604","media":"seekingalpha","summary":"SummaryNvidia Corporation's AI-driven growth has been exceptional, with data centers now comprising 88% of revenue, leading to a 38% stock increase since my last upgrade.Nvidia's market cap is $3.6T, ","content":"<html><head></head><body><h2><strong>Summary</strong></h2><ul><li><p>Nvidia Corporation&#39;s AI-driven growth has been exceptional, with data centers now comprising 88% of revenue, leading to a 38% stock increase since my last upgrade.</p></li><li><p>Nvidia&#39;s market cap is $3.6T, with a Blended P/E of 58.5x; future growth depends on maintaining its competitive edge in AI and data centers.</p></li><li><p>I project Nvidia&#39;s revenue to grow at a 24% CAGR until 2029, potentially reaching a market cap of $5.69T to $6.32T, offering attractive returns.</p></li><li><p>Nvidia&#39;s future opportunities include AI, gaming, automotive, and industrial applications, with innovations like the Blackwell GPU architecture driving growth.</p></li></ul><p></p><p class=\"t-img-caption\"><img alt=\"Nvidia headquarters in Santa Clara, California, USA\" src=\"https://community-static.tradeup.com/news/f8271f5218e30171f478337709702edd\" data-align=\"center\" tg-width=\"750\" tg-height=\"500\"/><span></span></p><p></p><p><strong>JHVEPhoto</strong></p><p></p><p>I last wrote coverage about <strong>NVIDIA</strong> <strong>Corporation</strong> (<span>NASDAQ:</span><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/NVDA#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"NVIDIA Corporation\"><span>NVDA</span></a>) back in September, upgrading the stock to a buy in the <a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/article/4719953-nvidias-stock-is-a-gift-at-105-rating-upgrade#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"\">article</a> “<em>Nvidia&#39;s Stock Is A Gift At $105.</em>” My upgrade followed the broader market<span> weakness in late summer, particularly in the high-flying semis. Despite the downturn, which seemed like a healthy correction, mega-cap companies are not yet showing signs of exhaustion, and their CAPEX spending continues to balloon to record levels, fueling Nvidia&#39;s growth. At the same time, Nvidia&#39;s data center market share remains relatively stable despite increased competition, and the gross margins are continuously healthy, above 75%.</span></p><p>Since my rating upgrade, the stock <span>has been up 38%, compared to a roughly 9% gain in the broader market (</span><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/SP500#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"\"><span>SP500</span></a><span>), proving my call was accurate. However, I won&#39;t be patting myself on the shoulder just yet, as in the bull market,</span> buying quality almost always means positive returns.</p><p>Below, you can see my previous Nvidia calls and the performance that followed:</p><p></p><p class=\"t-img-caption\"><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://static.seekingalpha.com/uploads/2024/11/15/48899823-17316678764572036_origin.png\" title=\"\"><img alt=\"Previous Coverage\" src=\"https://community-static.tradeup.com/news/538d1a14a6c8d2ebb6085e632e9c44b5\" data-align=\"center\" tg-width=\"640\" tg-height=\"554\"/></a><span></span></p><p><strong>Previous Coverage </strong><span><strong>(Seeking Alpha)</strong></span></p><p></p><p>Now, Nvidia is valued at $3.6T, making it the most valuable company of them all. It trades at a Blended P/E of 58.5x. The fair question to ask ourselves is how large Nvidia can realistically grow, and whether it still presents a good investment opportunity.</p><p>I previously purchased shares of Nvidia myself at around $400/share pre-split, and now I am sitting on major gains.</p><h2><strong>Nvidia&#39;s Previous Growth</strong></h2><p>Before looking into the future, let&#39;s first look at Nvidia&#39;s success in the past few years and what has fueled its growth.</p><p>The adoption of AI has been Nvidia&#39;s primary growth driver, as the company&#39;s innovation has led to being at the right time, at the right place, with the right product. The GPUs using the Hopper Infrastructure, such as the A100 and H100 series, were so far the backbone of AI training and inference, powering generative AI models, such as the widely used ChatGPT, Perplexity, Copilot, etc. The AI “revolution,” a term tossed around a lot, has led to increased demand for Nvidia&#39;s products for cloud computing and enterprise applications without signs of exhaustion, particularly as Nvidia is starting to sell new, more advanced Blackwell architecture.</p><p>That&#39;s mainly why Nvidia&#39;s data center segment <span>has experienced exponential growth. It is fueled by the “so-called” cloud hyperscalers such as <strong>Microsoft Corporation</strong> (</span><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/MSFT#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"Microsoft Corporation\"><span>MSFT</span></a><span>) with Azure, <strong>Alphabet Inc. </strong>(</span><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/GOOG#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"Alphabet Inc.\"><span>GOOG</span></a><span>), (</span><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/GOOGL#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"Alphabet Inc.\"><span>GOOGL</span></a><span>) with Cloud, and<strong> Amazon.com, Inc.</strong> (</span><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/AMZN#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"Amazon.com, Inc.\"><span>AMZN</span></a><span>) with AWS, as the CAPEX spend ballooned in the race for the </span>most advanced AI infrastructure.</p><p></p><p class=\"t-img-caption\"><img alt=\"CAPEX Spending\" src=\"https://community-static.tradeup.com/news/dbfc43252fc36f9c7bb4da2ab167a6fa\" data-align=\"center\" tg-width=\"1280\" tg-height=\"1055\"/><span></span></p><p><strong>CAPEX Spending </strong><span><strong>(Sherwood)</strong></span></p><p></p><p>But that wasn&#39;t always the case. Previously, Nvidia&#39;s business has centered around GPUs powering gaming. Still, this narrative is long gone, with the business innovating and ultimately reinventing itself to become the fundamental brick in the new computing era. Data centers now make up around 88% of its total revenue, compared to less than 50% just 2 years ago.</p><p></p><p class=\"t-img-caption\"><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://static.seekingalpha.com/uploads/2024/11/15/saupload_87541ba43b848974db24c71459813a34.png\" title=\"\"><img alt=\"Nvidia Revenue Breakdown\" src=\"https://community-static.tradeup.com/news/98cc9eccd312b3ef53618f803e5a7cef\" data-align=\"center\" tg-width=\"1280\" tg-height=\"718\"/></a><span></span></p><p><strong>Nvidia Revenue Breakdown </strong><span><strong>(App Economy Insights)</strong></span></p><p></p><p>The graphs above very well depict Nvidia&#39;s stellar growth quarter over quarter, but let&#39;s look at annual revenue growth:</p><ul><li><p><strong>FY22:</strong> $26.91B, YoY 61% growth.</p></li><li><p><strong>FY23:</strong> $26.97B, YoY 0% growth.</p></li><li><p><strong>FY24:</strong> $60.92B, YoY 226% growth.</p></li><li><p><strong>FY25:</strong> (Actual YTD $56.08B + Estimate YTG $69.51B) = $125.59B, YoY 206% growth.</p></li></ul><p>These are stellar growth numbers and perhaps the most significant success story I have seen during my investment career. Nonetheless, the law of large numbers is clear: the larger the company gets, the more difficult it becomes to grow its top line, and moving forward, it will become increasingly difficult for Nvidia to grow at such unprecedented rates.</p><h2><strong>Nvidia&#39;s Future Opportunity</strong></h2><p>Nvidia&#39;s AI GPU first-mover advantage has given the company a competitive advantage in establishing its market share before any other company could, with <strong>Advanced Micro Devices, Inc.</strong> (<a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/AMD#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"Advanced Micro Devices, Inc.\">AMD</a>) and <strong>Intel Corporation</strong> (<a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/INTC#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"Intel Corporation\">INTC</a>) now playing catch-up.</p><p><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://wccftech.com/nvidia-dominated-aib-gpu-market-q1-2024-88-percent-market-share-amd-12-intelt-0/#:~:text=Overall%20Q1%20AIB%20GPU%20Shipments,%25%2C%20AMD%20%26%20Intel%20Nowhere%20Close\" title=\"\">According to TechSpot</a>, Nvidia&#39;s GPU market share was 88% in Q1 2024, an increase from 80% in the prior year. That&#39;s particularly important because we see the competition intensify, both from other semi-companies and the already mentioned cloud hyperscalers. They are developing their in-house chips to address their custom needs, but so far, Nvidia&#39;s position remains unchallenged, perhaps due to their engineering superiority. However, as time passes and the generational leaps in technology become less pronounced, I expect Nvidia&#39;s market share to fall, and its gross margin will eventually decline.</p><p>Let&#39;s now look at how large the AI chip market is and how fast it&#39;s expected to grow.</p><p>If we assume Nvidia&#39;s trailing twelve-month data center revenue of $81.75B and their market share of 88%, we can conclude that the current overall market size is around $92.9B.</p><p>If we look at the forecast from MarketsandMarkets, <a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://www.marketsandmarkets.com/PressReleases/ai-chipset.asp\" title=\"\">they are estimating</a> the market size to reach $311B by 2029, which would represent a 19% CAGR from today.</p><p>However, for instance, <a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://www.asiafinancial.com/chipmaker-amd-forecasts-400bn-data-centre-ai-chip-market#:~:text=Chipmaker%20AMD%20says%20it%20expects,of%20AI%20chips%20on%20Wednesday.\" title=\"\">AMD is expecting</a> the market to grow to as large as $400B by the end of 2027, which would be a 34% CAGR, which is quite optimistic, in my opinion.</p><p>Nonetheless, this shows us that the market size forecasts are all over the place. However, Nvidia is still positioned as the key beneficiary in capturing a significant portion of this opportunity.</p><p>If we assume Nvidia&#39;s data center revenue grows in line with the market, Nvidia&#39;s data center revenue could reach anywhere between $138B — $197B by the end of 2027 and $195B by the end of 2029, depending on the growth estimate we use in our calculation, as per below, if we assume no market share loss over the following years:</p><table><colgroup><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Data Center Revenue Growth</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2024</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2025</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2026</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2027</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2028</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2029</strong></span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>19% CAGR (MarketsandMarkets)</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$82</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$97</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$116</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$138</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$164</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$195</span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>34% CAGR (AMD)</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$82</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$110</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$147</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$197</span></p></td><td colspan=\"1\" rowspan=\"1\"><p></p></td><td colspan=\"1\" rowspan=\"1\"><p></p></td></tr></tbody></table><p>Several market trends and innovations, such as the new Blackwell GPU Architecture, should unlock this growth for Nvidia. Production is on track to ramp up in H2 2024, and sales will follow suit as soon as Q1 2025. This new architecture promises 25x more cost-effective and energy-efficient GPUs for training LLM, with energy being one of the main hurdles for AI data centers.</p><p>Following the successful implementation of generative AI into services such as ChatGPT, Microsoft&#39;s Copilot, and cloud-based offerings, governments around the world are expected to start investing in AI systems tailored to their custom needs. This untapped opportunity could become a significant revenue stream in the future.</p><p>But that&#39;s not all. We should not forget other Nvidia business segments, which are poised to contribute meaningfully to revenue growth in the future as well.</p><p><strong>Gaming</strong> has historically been the core revenue driver. While now the segment makes up around 10% of the overall revenue on a trailing twelve-month basis, the synergies between AI and gaming with enhancements in computer graphics and game dynamics could drive stronger sales in this segment. I am assuming a relatively modest 4-6% CAGR growth.</p><p>Likewise, Nvidia&#39;s DRIVE platform has the potential to drive more revenue in the future, particularly as the autonomous vehicle market grows. In fact, the <strong>automotive</strong> AI chip market is projected to grow 31% CAGR, reaching $109B by 2030. If Nvidia captures 20-25% of this market, it could add $20-30B annually in automotive revenue. Meanwhile, Nvidia&#39;s Omniverse platform and digital-twin technology have broad applications in industrial simulation, robotics, and generative AI, potentially adding $10-$15B in revenue by 2029.</p><table><colgroup><col/><col/><col/><col/><col/><col/><col/></colgroup><tbody><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Segment Revenue</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2024</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2025</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2026</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2027</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2028</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span><strong>2029</strong></span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Data Centers</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$82</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$103</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$131</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$165</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$209</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$265</span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Gaming</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$11</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$12</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$12</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$13</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$14</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$14</span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Automotive</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$3</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$5</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$7</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$11</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$17</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$25</span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Other</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$-</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$2</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$3</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$5</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$7</span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$12</span></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><span><strong>Total</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$<strong>96</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$<strong>122</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$<strong>154</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$<strong>194</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$<strong>247</strong></span></p></td><td colspan=\"1\" rowspan=\"1\"><p><span>$<strong>316</strong></span></p></td></tr></tbody></table><p>Combining all the segments, supported by strong AI growth but taking an average 26.5% CAGR growth in the data center segment, Nvidia&#39;s revenue could reach around $320B annually by the end of 2029, supporting further market cap expansion.</p><p>Now, the semiconductor business is inherently cyclical, driven by the swings in demand influenced by the underlying economy, and that has had an impact on Nvidia&#39;s net profit <a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/NVDA/profitability#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"\">margins</a> in the past:</p><ul><li><p><strong>FY 2020:</strong> 25.61%.</p></li><li><p><strong>FY 2021:</strong> 25.98%.</p></li><li><p><strong>FY 2022:</strong> 36.23%.</p></li><li><p><strong>FY 2023:</strong> 16.19%.</p></li><li><p><strong>FY 2024:</strong> 48.85%.</p></li></ul><p>… and likely will have an impact in the future. Nvidia&#39;s net profit margin over the past 5 years has been 30.5%, but we see a significant divergence from the mean in FY24 thanks to the AI segment, which has fundamentally shifted Nvidia&#39;s business towards a higher margin segment. For the sake of this valuation exercise, I would feel comfortable using a future net margin of around 40%.</p><p>A $320B annual run rate revenue and 40% net margin result in a net income of $126.4B by the end of 2029. For the past 15 years, Nvidia&#39;s <a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https://seekingalpha.com/symbol/NVDA/valuation/metrics#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link\" title=\"\">stock traded</a> on average at a P/E multiple of 36x, but again, the business has accelerated growth and improved margins. Hence, a higher multiple of 45-50x is realistic, thanks to the improved fundamentals.</p><p>At a P/E multiple of 45x (bear case), Nvidia would be valued at $5.69T at the end of 2029, and at a P/E multiple of 50x (bull case), it would be valued at $6.32T.</p><p>Compared to today&#39;s market cap of $3.6T, this would represent a growth of 58% to 76% in the next 5 years, which I consider relatively attractive.</p><h2><strong>Investor&#39;s Takeaway</strong></h2><p>Nvidia has been the key beneficiary of the AI investment narrative, with CAPEX spending ballooning in the race to build “state-of-the-art” AI data centers by the hyperscalers.</p><p>As a result, the company has become the most valuable of them all, with a current market cap of $3.6T. It&#39;s valid to ask how far Nvidia can grow as the law of large numbers starts dragging on its growth rates.</p><p>In this article, I tried to demonstrate the expected growth rates of data centers, gaming, automotive, and other segments, which will drive Nvidia&#39;s revenue for the remainder of the decade.</p><p>Overall, I expect Nvidia&#39;s revenue to grow at 24% CAGR until the end of 2029. If the company manages to retain its net margins at the higher end of the historical range, it could reach a market cap of around $5.69T in the bear case and $6.32T in the bull case, with relatively attractive returns moving forward.</p></body></html>","source":"lsy1642056764450","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>How Large Can Nvidia Realistically Grow</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\">\nHow Large Can Nvidia Realistically Grow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-16 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4737876-how-large-can-nvidia-realistically-grow><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia Corporation's AI-driven growth has been exceptional, with data centers now comprising 88% of revenue, leading to a 38% stock increase since my last upgrade.Nvidia's market cap is $3.6T, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4737876-how-large-can-nvidia-realistically-grow\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4737876-how-large-can-nvidia-realistically-grow","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162498604","content_text":"SummaryNvidia Corporation's AI-driven growth has been exceptional, with data centers now comprising 88% of revenue, leading to a 38% stock increase since my last upgrade.Nvidia's market cap is $3.6T, with a Blended P/E of 58.5x; future growth depends on maintaining its competitive edge in AI and data centers.I project Nvidia's revenue to grow at a 24% CAGR until 2029, potentially reaching a market cap of $5.69T to $6.32T, offering attractive returns.Nvidia's future opportunities include AI, gaming, automotive, and industrial applications, with innovations like the Blackwell GPU architecture driving growth.JHVEPhotoI last wrote coverage about NVIDIA Corporation (NASDAQ:NVDA) back in September, upgrading the stock to a buy in the article “Nvidia's Stock Is A Gift At $105.” My upgrade followed the broader market weakness in late summer, particularly in the high-flying semis. Despite the downturn, which seemed like a healthy correction, mega-cap companies are not yet showing signs of exhaustion, and their CAPEX spending continues to balloon to record levels, fueling Nvidia's growth. At the same time, Nvidia's data center market share remains relatively stable despite increased competition, and the gross margins are continuously healthy, above 75%.Since my rating upgrade, the stock has been up 38%, compared to a roughly 9% gain in the broader market (SP500), proving my call was accurate. However, I won't be patting myself on the shoulder just yet, as in the bull market, buying quality almost always means positive returns.Below, you can see my previous Nvidia calls and the performance that followed:Previous Coverage (Seeking Alpha)Now, Nvidia is valued at $3.6T, making it the most valuable company of them all. It trades at a Blended P/E of 58.5x. The fair question to ask ourselves is how large Nvidia can realistically grow, and whether it still presents a good investment opportunity.I previously purchased shares of Nvidia myself at around $400/share pre-split, and now I am sitting on major gains.Nvidia's Previous GrowthBefore looking into the future, let's first look at Nvidia's success in the past few years and what has fueled its growth.The adoption of AI has been Nvidia's primary growth driver, as the company's innovation has led to being at the right time, at the right place, with the right product. The GPUs using the Hopper Infrastructure, such as the A100 and H100 series, were so far the backbone of AI training and inference, powering generative AI models, such as the widely used ChatGPT, Perplexity, Copilot, etc. The AI “revolution,” a term tossed around a lot, has led to increased demand for Nvidia's products for cloud computing and enterprise applications without signs of exhaustion, particularly as Nvidia is starting to sell new, more advanced Blackwell architecture.That's mainly why Nvidia's data center segment has experienced exponential growth. It is fueled by the “so-called” cloud hyperscalers such as Microsoft Corporation (MSFT) with Azure, Alphabet Inc. (GOOG), (GOOGL) with Cloud, and Amazon.com, Inc. (AMZN) with AWS, as the CAPEX spend ballooned in the race for the most advanced AI infrastructure.CAPEX Spending (Sherwood)But that wasn't always the case. Previously, Nvidia's business has centered around GPUs powering gaming. Still, this narrative is long gone, with the business innovating and ultimately reinventing itself to become the fundamental brick in the new computing era. Data centers now make up around 88% of its total revenue, compared to less than 50% just 2 years ago.Nvidia Revenue Breakdown (App Economy Insights)The graphs above very well depict Nvidia's stellar growth quarter over quarter, but let's look at annual revenue growth:FY22: $26.91B, YoY 61% growth.FY23: $26.97B, YoY 0% growth.FY24: $60.92B, YoY 226% growth.FY25: (Actual YTD $56.08B + Estimate YTG $69.51B) = $125.59B, YoY 206% growth.These are stellar growth numbers and perhaps the most significant success story I have seen during my investment career. Nonetheless, the law of large numbers is clear: the larger the company gets, the more difficult it becomes to grow its top line, and moving forward, it will become increasingly difficult for Nvidia to grow at such unprecedented rates.Nvidia's Future OpportunityNvidia's AI GPU first-mover advantage has given the company a competitive advantage in establishing its market share before any other company could, with Advanced Micro Devices, Inc. (AMD) and Intel Corporation (INTC) now playing catch-up.According to TechSpot, Nvidia's GPU market share was 88% in Q1 2024, an increase from 80% in the prior year. That's particularly important because we see the competition intensify, both from other semi-companies and the already mentioned cloud hyperscalers. They are developing their in-house chips to address their custom needs, but so far, Nvidia's position remains unchallenged, perhaps due to their engineering superiority. However, as time passes and the generational leaps in technology become less pronounced, I expect Nvidia's market share to fall, and its gross margin will eventually decline.Let's now look at how large the AI chip market is and how fast it's expected to grow.If we assume Nvidia's trailing twelve-month data center revenue of $81.75B and their market share of 88%, we can conclude that the current overall market size is around $92.9B.If we look at the forecast from MarketsandMarkets, they are estimating the market size to reach $311B by 2029, which would represent a 19% CAGR from today.However, for instance, AMD is expecting the market to grow to as large as $400B by the end of 2027, which would be a 34% CAGR, which is quite optimistic, in my opinion.Nonetheless, this shows us that the market size forecasts are all over the place. However, Nvidia is still positioned as the key beneficiary in capturing a significant portion of this opportunity.If we assume Nvidia's data center revenue grows in line with the market, Nvidia's data center revenue could reach anywhere between $138B — $197B by the end of 2027 and $195B by the end of 2029, depending on the growth estimate we use in our calculation, as per below, if we assume no market share loss over the following years:Data Center Revenue Growth20242025202620272028202919% CAGR (MarketsandMarkets)$82$97$116$138$164$19534% CAGR (AMD)$82$110$147$197Several market trends and innovations, such as the new Blackwell GPU Architecture, should unlock this growth for Nvidia. Production is on track to ramp up in H2 2024, and sales will follow suit as soon as Q1 2025. This new architecture promises 25x more cost-effective and energy-efficient GPUs for training LLM, with energy being one of the main hurdles for AI data centers.Following the successful implementation of generative AI into services such as ChatGPT, Microsoft's Copilot, and cloud-based offerings, governments around the world are expected to start investing in AI systems tailored to their custom needs. This untapped opportunity could become a significant revenue stream in the future.But that's not all. We should not forget other Nvidia business segments, which are poised to contribute meaningfully to revenue growth in the future as well.Gaming has historically been the core revenue driver. While now the segment makes up around 10% of the overall revenue on a trailing twelve-month basis, the synergies between AI and gaming with enhancements in computer graphics and game dynamics could drive stronger sales in this segment. I am assuming a relatively modest 4-6% CAGR growth.Likewise, Nvidia's DRIVE platform has the potential to drive more revenue in the future, particularly as the autonomous vehicle market grows. In fact, the automotive AI chip market is projected to grow 31% CAGR, reaching $109B by 2030. If Nvidia captures 20-25% of this market, it could add $20-30B annually in automotive revenue. Meanwhile, Nvidia's Omniverse platform and digital-twin technology have broad applications in industrial simulation, robotics, and generative AI, potentially adding $10-$15B in revenue by 2029.Segment Revenue202420252026202720282029Data Centers$82$103$131$165$209$265Gaming$11$12$12$13$14$14Automotive$3$5$7$11$17$25Other$-$2$3$5$7$12Total$96$122$154$194$247$316Combining all the segments, supported by strong AI growth but taking an average 26.5% CAGR growth in the data center segment, Nvidia's revenue could reach around $320B annually by the end of 2029, supporting further market cap expansion.Now, the semiconductor business is inherently cyclical, driven by the swings in demand influenced by the underlying economy, and that has had an impact on Nvidia's net profit margins in the past:FY 2020: 25.61%.FY 2021: 25.98%.FY 2022: 36.23%.FY 2023: 16.19%.FY 2024: 48.85%.… and likely will have an impact in the future. Nvidia's net profit margin over the past 5 years has been 30.5%, but we see a significant divergence from the mean in FY24 thanks to the AI segment, which has fundamentally shifted Nvidia's business towards a higher margin segment. For the sake of this valuation exercise, I would feel comfortable using a future net margin of around 40%.A $320B annual run rate revenue and 40% net margin result in a net income of $126.4B by the end of 2029. For the past 15 years, Nvidia's stock traded on average at a P/E multiple of 36x, but again, the business has accelerated growth and improved margins. Hence, a higher multiple of 45-50x is realistic, thanks to the improved fundamentals.At a P/E multiple of 45x (bear case), Nvidia would be valued at $5.69T at the end of 2029, and at a P/E multiple of 50x (bull case), it would be valued at $6.32T.Compared to today's market cap of $3.6T, this would represent a growth of 58% to 76% in the next 5 years, which I consider relatively attractive.Investor's TakeawayNvidia has been the key beneficiary of the AI investment narrative, with CAPEX spending ballooning in the race to build “state-of-the-art” AI data centers by the hyperscalers.As a result, the company has become the most valuable of them all, with a current market cap of $3.6T. It's valid to ask how far Nvidia can grow as the law of large numbers starts dragging on its growth rates.In this article, I tried to demonstrate the expected growth rates of data centers, gaming, automotive, and other segments, which will drive Nvidia's revenue for the remainder of the decade.Overall, I expect Nvidia's revenue to grow at 24% CAGR until the end of 2029. If the company manages to retain its net margins at the higher end of the historical range, it could reach a market cap of around $5.69T in the bear case and $6.32T in the bull case, with relatively attractive returns moving forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371096645234888,"gmtCreate":1731638893156,"gmtModify":1731664515309,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately,&nbsp; why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company&nbsp; must be responsible and accountable to their shareholders right? Because we trust and invest,&nbsp; in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors.&nbsp; I also noticed seeking alfa many times Confess \"I was wrong\" . Pushing others to a disaster!","listText":"Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately,&nbsp; why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company&nbsp; must be responsible and accountable to their shareholders right? Because we trust and invest,&nbsp; in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors.&nbsp; I also noticed seeking alfa many times Confess \"I was wrong\" . Pushing others to a disaster!","text":"Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately, why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company must be responsible and accountable to their shareholders right? Because we trust and invest, in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors. I also noticed seeking alfa many times Confess \"I was wrong\" . Pushing others to a disaster!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371096645234888","repostId":"1165124291","repostType":2,"repost":{"id":"1165124291","kind":"news","pubTimestamp":1731599503,"share":"https://ttm.financial/m/news/1165124291?lang=&edition=fundamental","pubTime":"2024-11-14 23:51","market":"us","language":"en","title":"Super Micro Computer: I Am Greedy While Others Are Fearful","url":"https://stock-news.laohu8.com/highlight/detail?id=1165124291","media":"Seeking Alpha","summary":"SummarySuper Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity.D","content":"<html><head></head><body><h2 id=\"id_1975904538\">Summary</h2><ul style=\"\"><li><p>Super Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity.</p></li><li><p>Despite reputational challenges, SMCI&#39;s partnerships with NVIDIA and AMD affirm its credibility and operational integrity, bolstering confidence in its financial reports.</p></li><li><p>Preliminary FQ1 2025 results show robust revenue growth and improved margins, driven by strong AI GPU platform demand, indicating solid business fundamentals.</p></li><li><p>Valuation analysis suggests a fair share price of $90, highlighting substantial upside potential from current levels, making SMCI a compelling opportunity.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e678235f3d3a4c30f6900e649543eed9\" alt=\"Supermicro headquarters in San Jose, California, USA\" title=\"Supermicro headquarters in San Jose, California, USA\" tg-width=\"750\" tg-height=\"500\"/><span>Supermicro headquarters in San Jose, California, USA</span></p><h2 id=\"id_392237773\">Introduction</h2><p>Super Micro Computer (NASDAQ:SMCI) is still dropping, and is five times cheaper than its March 2024 peak. The company is still generating exponential revenue growth and increasing EPS. However, the stock price suggests that concerns about SMCI&#39;s accounting inaccuracy overshadow robust business expansion.</p><p>I am not happy that the stock plunged by 63% since my August bullish call, as I have skin in the game. I have been buying aggressively since the stock started tanking in late August, meaning that I have a substantial SMCI position. I also worry about the recent auditor resignation and there is a lot of uncertainty in the FY2024 10-K report release timing. Yet, the stock is so cheap that it provides an excellent opportunity to double down. The preliminary earnings for the latest quarter were released a week ago. It is very hard to imagine that the management would risk presenting an unfair view of SMCI&#39;s financial performance, given the panic around the stock and the reported DOJ investigation.</p><p>The deeply low 14-day RSI reading shows how very spooked the market is over SMCI. This makes me greedy. I tend to believe that allegations of accounting manipulations are exaggerated. Therefore, I still consider SMCI a &#39;Strong Buy&#39;.</p><h2 id=\"id_3077953962\">Fundamental analysis</h2><p>SMCI has recently encountered several significant reputational challenges. This began with a late-August opinions from some analysts that questioned the trustworthiness of SMCI&#39;s financial statements and the management&#39;s integrity. The company then failed to file its 10-K report on time, and there are reports of a DOJ investigation regarding allegations around accounting manipulations. As a result of all these adverse events, the stock price decreased by more than 60% since late August.</p><p>The company has recently released its FQ1 2025 preliminary results and FQ2 2025 guidance, with robust revenue and EPS growth. I tend to trust in the accuracy of this release, despite the aforementioned allegations. There are two big reasons for such confidence.</p><p>The first is that it is hard to imagine that a company under public pressure and scrutiny would manipulate its financials. Second, no major semiconductor companies have separated from SMCI and continue to call SMCI their partner. It has been rumored that Nvidia is taking orders away from SMCI, but I tend to go with what the companies say on their website.</p><p>On October 15, Nvidia announced a new partnership with SMCI. The expanded collaboration highlights the integration of Nvidia&#39;s BlueField data processing unit (&#39;DPU&#39;) into SMCI&#39;s storage solutions. This factor highlights Nvidia&#39;s confidence in SMCI&#39;s trustworthiness. Furthermore, a presentation endorsing SMCI is still available on AMD&#39;s official website. I might be missing something, but Nvidia and AMD appear to be companies with flawless reputations. Thus, it is highly unlikely that Jensen Huang or Lisa Su would risk their reputations by supporting collaboration with a company with questionable integrity or operational practices. There is also a separate page on Intel&#39;s website dedicated to endorse SMCI&#39;s offerings.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e915ca85bac0b07cb94d9f717e09bebb\" alt=\"SA\" title=\"SA\" tg-width=\"617\" tg-height=\"311\"/><span>SA</span></p><p></p><p>Therefore, I consider the preliminary earnings announcement as trustworthy. According to preliminary results, revenue for FQ1 ranged from $5.9 billion to $6 billion, representing an 181% year-over-year increase. The growth was primarily driven by strong demand for AI GPU platforms. SMCI&#39;s non-GAAP gross margin has improved quarter-over-quarter from 11.3% to 13.3%. The profitability expansion was powered by favorable shifts in the product and customer mix.</p><p>The FQ2 guidance also looks robust, with the projected range from $5.5 billion to $6.1 billion. The $5.8 billion midpoint level is 58% higher compared to the same quarter of FY2024. The guidance fell short of Wall Street expectations, but this looks explainable, as the management cites low Blackwell GPU availability due to high demand. So, the problem looks temporary.</p><p>Secular trends are still strong as cloud giants look unwilling to cool down their data center spending spree. Amazon plans to invest another billion+ in Italian data centers and has recently bought 350 acres for data center in Becker. Google&#39;s plans to invest much more in data centers over the long term are apparent after the company announced that it is buying nuclear reactors to meet the energy demand of its current and future data centers. Microsoft also recognizes the potential for data center expansion and is already incorporating sustainable solutions to minimize its environmental footprint. Thus, the industry is thriving and evolving rapidly, providing a strong tailwind for SMCI.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c88485771692e0f540617907c77cd416\" alt=\"\" title=\"\" tg-width=\"635\" tg-height=\"424\"/></p><p></p><p>The stock is significantly oversold, with its 14-day RSI indicator at a historically low level of 27. While the market seems extremely fearful about SMCI, I prefer to set emotions aside. The world&#39;s largest semiconductor companies, which undoubtedly value their reputations, continue to work closely with SMCI, suggesting that the allegations are likely overestimated. Furthermore, the company is already under significant public pressure and scrutiny, making accounting manipulations around the latest preliminary quarterly earnings release extremely unlikely.</p><h2 id=\"id_1000083254\">Valuation analysis</h2><p>As I mentioned, the stock is now significantly cheaper than it was in late August, and such a plunge is explained by fears of the market regarding accounting manipulation allegations. However, since I outlined why I believe that these fears are highly likely exaggerated, I plan to rely on long-term consensus revenue projections to build my DCF model. The zero FCF margin for the base year reflects the company&#39;s aggressive CapEx spending to address soaring demand. For the years after FY2025, I reiterate the same trajectory of the metric expanding by 200 basis points yearly. To balance out an aggressive FCF margin assumption, I use a very conservative 2% constant growth rate to calculate terminal value (&#39;TV&#39;). I use an 8% WACC to discount future cash flows.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ad7a5df190b39226ec84be40cfeb92e3\" alt=\"Calculated by the author\" title=\"Calculated by the author\" tg-width=\"640\" tg-height=\"296\"/><span>Calculated by the author</span></p><p></p><p>The first simulation indicates a fair share price of approximately $90, which is almost four times higher compared to the current share price. Thus, fears around the stock made it extremely cheap.</p><p>The fair value estimation approaches the current share price only if unrealistically pessimistic assumptions are incorporated. The fair share price is around $23 when I apply a 1% constant growth rate and a very low 3% revenue CAGR for the next five years, with the FCF margin expanding by only 100 basis points annually.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/eac69b7345c3cdf59226b894d21ac6c7\" alt=\"Calculated by the author\" title=\"Calculated by the author\" tg-width=\"640\" tg-height=\"294\"/><span>Calculated by the author</span></p><p></p><p>With that said, I believe SMCI is very attractively valued. My target price is $90 per share, which is close to mid-summer 2024 levels, making such upside potential realistic.</p><h2 id=\"id_1906077690\">Mitigating factors</h2><p>Official communication is crucial in emergency cases threatening the image of a business, such as those experienced by SMCI over the last few months. In my opinion, the management could have handled the situation in a smoother way. As a result, it seems that the stock crash would not have been as bad. There is still no indication of when the company’s FY2024 10-K report will be published, which creates room for possible new bad-looking headlines. This might just set off another bearish market wave if the communication approach between the management and investors remains the same.</p><p>Additionally, the past precedent of delisting in 2019 due to accounting issues remains a concern. According to the official information from SMCI, the management is still unable to share the expected date of the 10-K filing, which increases risks of failing to comply with Nasdaq listing rules. However, I believe that the company&#39;s efforts to engage a new auditor will mitigate the risk. The completion of the Special Committee&#39;s investigation, which found no evidence of fraud or misconduct, is a positive step towards resolving this adverse situation.</p><h2 id=\"id_3728447271\">Conclusion</h2><p>As an investor, I prefer to set emotions aside and focus on the facts. A company that has faces intense public scrutiny is almost certainly not going to play along with its accounting books. This factor makes the recent preliminary FQ1 2025 earnings release is a reliable informational tool. I am also extremely skeptical that Nvidia, AMD, or Intel would continue supporting SMCI as a crucial technological partner if there was really something wrong with it.</p></body></html>","source":"seekingalpha_fund","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>Super Micro Computer: I Am Greedy While Others Are Fearful</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\">\nSuper Micro Computer: I Am Greedy While Others Are Fearful\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 23:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4736805-super-micro-computer-stock-substantial-upside-potential-compelling-opportunity><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySuper Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity....</p>\n\n<a href=\"https://seekingalpha.com/article/4736805-super-micro-computer-stock-substantial-upside-potential-compelling-opportunity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"https://seekingalpha.com/article/4736805-super-micro-computer-stock-substantial-upside-potential-compelling-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165124291","content_text":"SummarySuper Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity.Despite reputational challenges, SMCI's partnerships with NVIDIA and AMD affirm its credibility and operational integrity, bolstering confidence in its financial reports.Preliminary FQ1 2025 results show robust revenue growth and improved margins, driven by strong AI GPU platform demand, indicating solid business fundamentals.Valuation analysis suggests a fair share price of $90, highlighting substantial upside potential from current levels, making SMCI a compelling opportunity.Supermicro headquarters in San Jose, California, USAIntroductionSuper Micro Computer (NASDAQ:SMCI) is still dropping, and is five times cheaper than its March 2024 peak. The company is still generating exponential revenue growth and increasing EPS. However, the stock price suggests that concerns about SMCI's accounting inaccuracy overshadow robust business expansion.I am not happy that the stock plunged by 63% since my August bullish call, as I have skin in the game. I have been buying aggressively since the stock started tanking in late August, meaning that I have a substantial SMCI position. I also worry about the recent auditor resignation and there is a lot of uncertainty in the FY2024 10-K report release timing. Yet, the stock is so cheap that it provides an excellent opportunity to double down. The preliminary earnings for the latest quarter were released a week ago. It is very hard to imagine that the management would risk presenting an unfair view of SMCI's financial performance, given the panic around the stock and the reported DOJ investigation.The deeply low 14-day RSI reading shows how very spooked the market is over SMCI. This makes me greedy. I tend to believe that allegations of accounting manipulations are exaggerated. Therefore, I still consider SMCI a 'Strong Buy'.Fundamental analysisSMCI has recently encountered several significant reputational challenges. This began with a late-August opinions from some analysts that questioned the trustworthiness of SMCI's financial statements and the management's integrity. The company then failed to file its 10-K report on time, and there are reports of a DOJ investigation regarding allegations around accounting manipulations. As a result of all these adverse events, the stock price decreased by more than 60% since late August.The company has recently released its FQ1 2025 preliminary results and FQ2 2025 guidance, with robust revenue and EPS growth. I tend to trust in the accuracy of this release, despite the aforementioned allegations. There are two big reasons for such confidence.The first is that it is hard to imagine that a company under public pressure and scrutiny would manipulate its financials. Second, no major semiconductor companies have separated from SMCI and continue to call SMCI their partner. It has been rumored that Nvidia is taking orders away from SMCI, but I tend to go with what the companies say on their website.On October 15, Nvidia announced a new partnership with SMCI. The expanded collaboration highlights the integration of Nvidia's BlueField data processing unit ('DPU') into SMCI's storage solutions. This factor highlights Nvidia's confidence in SMCI's trustworthiness. Furthermore, a presentation endorsing SMCI is still available on AMD's official website. I might be missing something, but Nvidia and AMD appear to be companies with flawless reputations. Thus, it is highly unlikely that Jensen Huang or Lisa Su would risk their reputations by supporting collaboration with a company with questionable integrity or operational practices. There is also a separate page on Intel's website dedicated to endorse SMCI's offerings.SATherefore, I consider the preliminary earnings announcement as trustworthy. According to preliminary results, revenue for FQ1 ranged from $5.9 billion to $6 billion, representing an 181% year-over-year increase. The growth was primarily driven by strong demand for AI GPU platforms. SMCI's non-GAAP gross margin has improved quarter-over-quarter from 11.3% to 13.3%. The profitability expansion was powered by favorable shifts in the product and customer mix.The FQ2 guidance also looks robust, with the projected range from $5.5 billion to $6.1 billion. The $5.8 billion midpoint level is 58% higher compared to the same quarter of FY2024. The guidance fell short of Wall Street expectations, but this looks explainable, as the management cites low Blackwell GPU availability due to high demand. So, the problem looks temporary.Secular trends are still strong as cloud giants look unwilling to cool down their data center spending spree. Amazon plans to invest another billion+ in Italian data centers and has recently bought 350 acres for data center in Becker. Google's plans to invest much more in data centers over the long term are apparent after the company announced that it is buying nuclear reactors to meet the energy demand of its current and future data centers. Microsoft also recognizes the potential for data center expansion and is already incorporating sustainable solutions to minimize its environmental footprint. Thus, the industry is thriving and evolving rapidly, providing a strong tailwind for SMCI.The stock is significantly oversold, with its 14-day RSI indicator at a historically low level of 27. While the market seems extremely fearful about SMCI, I prefer to set emotions aside. The world's largest semiconductor companies, which undoubtedly value their reputations, continue to work closely with SMCI, suggesting that the allegations are likely overestimated. Furthermore, the company is already under significant public pressure and scrutiny, making accounting manipulations around the latest preliminary quarterly earnings release extremely unlikely.Valuation analysisAs I mentioned, the stock is now significantly cheaper than it was in late August, and such a plunge is explained by fears of the market regarding accounting manipulation allegations. However, since I outlined why I believe that these fears are highly likely exaggerated, I plan to rely on long-term consensus revenue projections to build my DCF model. The zero FCF margin for the base year reflects the company's aggressive CapEx spending to address soaring demand. For the years after FY2025, I reiterate the same trajectory of the metric expanding by 200 basis points yearly. To balance out an aggressive FCF margin assumption, I use a very conservative 2% constant growth rate to calculate terminal value ('TV'). I use an 8% WACC to discount future cash flows.Calculated by the authorThe first simulation indicates a fair share price of approximately $90, which is almost four times higher compared to the current share price. Thus, fears around the stock made it extremely cheap.The fair value estimation approaches the current share price only if unrealistically pessimistic assumptions are incorporated. The fair share price is around $23 when I apply a 1% constant growth rate and a very low 3% revenue CAGR for the next five years, with the FCF margin expanding by only 100 basis points annually.Calculated by the authorWith that said, I believe SMCI is very attractively valued. My target price is $90 per share, which is close to mid-summer 2024 levels, making such upside potential realistic.Mitigating factorsOfficial communication is crucial in emergency cases threatening the image of a business, such as those experienced by SMCI over the last few months. In my opinion, the management could have handled the situation in a smoother way. As a result, it seems that the stock crash would not have been as bad. There is still no indication of when the company’s FY2024 10-K report will be published, which creates room for possible new bad-looking headlines. This might just set off another bearish market wave if the communication approach between the management and investors remains the same.Additionally, the past precedent of delisting in 2019 due to accounting issues remains a concern. According to the official information from SMCI, the management is still unable to share the expected date of the 10-K filing, which increases risks of failing to comply with Nasdaq listing rules. However, I believe that the company's efforts to engage a new auditor will mitigate the risk. The completion of the Special Committee's investigation, which found no evidence of fraud or misconduct, is a positive step towards resolving this adverse situation.ConclusionAs an investor, I prefer to set emotions aside and focus on the facts. A company that has faces intense public scrutiny is almost certainly not going to play along with its accounting books. This factor makes the recent preliminary FQ1 2025 earnings release is a reliable informational tool. I am also extremely skeptical that Nvidia, AMD, or Intel would continue supporting SMCI as a crucial technological partner if there was really something wrong with it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370935099945216,"gmtCreate":1731578486246,"gmtModify":1733399841708,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SVMH\">$SRIVARU Holding(SVMH)$ </a> Beware of this stock, try not to loose your hard&nbsp;earned money. Bad experience!","listText":"<a href=\"https://ttm.financial/S/SVMH\">$SRIVARU Holding(SVMH)$ </a> Beware of this stock, try not to loose your hard&nbsp;earned money. Bad experience!","text":"$SRIVARU Holding(SVMH)$ Beware of this stock, try not to loose your hard earned money. Bad experience!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370935099945216","isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370546724884728,"gmtCreate":1731483580983,"gmtModify":1731483585051,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Share value go up with BTC","listText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Share value go up with BTC","text":"$MicroStrategy(MSTR)$ Share value go up with BTC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370546724884728","isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370546367791392,"gmtCreate":1731483493836,"gmtModify":1731483497768,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"Those selling MSTR&nbsp; now&nbsp;may regret&nbsp;","listText":"Those selling MSTR&nbsp; now&nbsp;may regret&nbsp;","text":"Those selling MSTR now may regret","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370546367791392","repostId":"1179955772","repostType":2,"repost":{"id":"1179955772","kind":"news","pubTimestamp":1731476025,"share":"https://ttm.financial/m/news/1179955772?lang=&edition=fundamental","pubTime":"2024-11-13 13:33","market":"us","language":"en","title":"MicroStrategy: Overvaluation Gets Dangerous (Rating Downgrade)","url":"https://stock-news.laohu8.com/highlight/detail?id=1179955772","media":"Seeking Alpha","summary":"SummaryFollowing my prior \"strong buy\" article rating, MicroStrategy's stock surged 86.59% to $351.73 due to strong growth in bitcoin holdings, but I am now downgrading the stock to \"hold.\"Despite pos","content":"<html><head></head><body><h2 id=\"id_2209458438\">Summary</h2><ul style=\"\"><li><p>Following my prior &#34;strong buy&#34; article rating, MicroStrategy&#39;s stock surged 86.59% to $351.73 due to strong growth in bitcoin holdings, but I am now downgrading the stock to &#34;hold.&#34;</p></li><li><p>Despite positive subscription revenue growth, MicroStrategy faces significant headwinds with -$340.2 million in net losses and declining software segment revenues.</p></li><li><p>MSTR&#39;s market cap is significantly overvalued compared to its bitcoin holdings, with a premium near 3x, raising concerns about sustainability.</p></li><li><p>Elevated price-book valuation and deviation from historical averages suggest potential downside, prompting a cautious &#34;hold&#34; rating amidst possible profit-taking in cryptocurrency-exposed stocks.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4acba813b972d5e58d58c540b8447610\" alt=\"Digital wallets and crypto currency concept. Digital money and blockchain technology. Golden bitcoin icon on dark background. Minimalistic setup with copy space\" title=\"Digital wallets and crypto currency concept. Digital money and blockchain technology. Golden bitcoin icon on dark background. Minimalistic setup with copy space\" tg-width=\"750\" tg-height=\"500\"/><span>Digital wallets and crypto currency concept. Digital money and blockchain technology. Golden bitcoin icon on dark background. Minimalistic setup with copy space</span></p><p>When I last covered MicroStrategy Incorporated on October 11th, 2024 with my article &#34;MicroStrategy: Major Breakout Ahead&#34;, I argued that strong growth rates in subscription revenues and widespread gains in global cryptocurrency asset trends suggested that MSTR might be on the verge of a monumental breakout in share prices before the end of the year. In the periods that followed, we have seen major updates with the company reporting quarterly earnings figures that revealed substantial growth in MicroStrategy&#39;s underlying bitcoin holdings and this has helped the stock rally by more than 86.59% to new all-time highs of $351.73 during the November 11th, 2024 trading session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9f0b5da914db3df99291163257b34c58\" alt=\"MSTR: Massive Gains Follow Previous\" title=\"MSTR: Massive Gains Follow Previous\" tg-width=\"1280\" tg-height=\"568\"/><span>MSTR: Massive Gains Follow Previous</span></p><p>As we can see, these monstrous gains have occurred over what amounts to just a one-month trading period. Unfortunately, when we see these types of gains in such a short period of time, it becomes much more common for investors to begin wondering whether or not major rallies have become over-extended. As widespread profit-taking becomes more and more likely at these elevated levels, I will be reducing by two levels my outlook for this stock (to a &#34;hold&#34; rating from my prior &#34;strong buy&#34; rating).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/412464a22a1c4bb53471f59dd3207370\" alt=\"MicroStrategy: Q3 2024 Earnings Figures\" title=\"MicroStrategy: Q3 2024 Earnings Figures\" tg-width=\"1280\" tg-height=\"421\"/><span>MicroStrategy: Q3 2024 Earnings Figures</span></p><p>Of course, we must look at some of the factors that led up to these incredible rallies in the first place. During the third-quarter period, MicroStrategy reported YTD cryptocurrency yields of 17.8% and an 11% increase in bitcoin while unveiling what they refer to as the 21-21 Plan, which is a $42 billion strategic capital outline that aims to use equity offerings to raise $21 billion and fixed income assets to raise an additional $21 billion. However, even with this forward-looking planning attempt, MicroStrategy is still facing significant headwinds in its operations, and -$340.2 million in net losses were reported for the period.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/123340f4f33cb95f71c3c4d4b19087fd\" alt=\"MicroStrategy: Q3 2024 Earnings Figures\" title=\"MicroStrategy: Q3 2024 Earnings Figures\" tg-width=\"640\" tg-height=\"325\"/><span>MicroStrategy: Q3 2024 Earnings Figures</span></p><p>One aspect of the business that is often overlooked is MicroStrategy&#39;s software segment, which recorded annualized revenue declines of -10.3% (at $116.1 million). One factor that was positive within this segment was subscription services, which actually saw revenue gains of 32.5% for the quarter. Unfortunately, these conflicting results have made it very clear that MicroStrategy has faced continued obstacles in terms of the company&#39;s ability to navigate between the legacy software business and newer operational directions in the accumulation of cryptocurrencies. Impairment losses tied to cryptocurrency holdings had a significant dragging effect on MicroStrategy&#39;s third-quarter operating expenses, and the company weathered a -$432.6 million operations loss during the period.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d7bcc9f0f297f3b3ed33ad33b86455d6\" alt=\"MicroStrategy: Q3 2024 Earnings Figures\" title=\"MicroStrategy: Q3 2024 Earnings Figures\" tg-width=\"1280\" tg-height=\"688\"/><span>MicroStrategy: Q3 2024 Earnings Figures</span></p><p>However, I believe that these quarterly figures largely miss the more important issue that currently faces MSTR shareholders. Specifically, long positions in MicroStrategy stock have become an incredibly expensive way of gaining exposure to the underlying Bitcoin assets. Toward the end of 2023, MSTR stock valuations were trading much closer to parity when compared to the company&#39;s total cryptocurrency holdings. More recently, MSTR valuations have risen to such extremes that the premium is hovering near record levels (at close to 3x the valuation of the underlying bitcoin holdings). MicroStrategy recently raised $2.03 billion to buy another 27,200 bitcoins, bringing their total holdings to 279,420 total bitcoins. Based on cryptocurrency prices from November 11th, 2024, this brings the value of MicroStrategy&#39;s total bitcoin horde to just over $24.72 billion. Based on market closing prices from the same trading period, the company&#39;s market cap currently stands at $68.9 billion. When we consider the fact that MicroStrategy&#39;s software business is worth roughly $1 billion and the company is currently holding debt levels greater than $4 billion, the prospects for overvaluation start to become glaringly clear.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f30c81d63bf7548fb3aaaa66a4d83e33\" alt=\"MSTR: Comparative Forward Price to Earnings Valuations\" title=\"MSTR: Comparative Forward Price to Earnings Valuations\" tg-width=\"635\" tg-height=\"473\"/><span>MSTR: Comparative Forward Price to Earnings Valuations</span></p><p>In most cases, when I see share price rallies that are as substantial as MicroStrategy&#39;s YTD performance (396.21%), I will do my best to avoid being greedy and simply sell the position. Of course, we can all remember the classic stock market phrase about how &#34;bulls make money, bears make money, and pigs get slaughtered.&#34; However, one factor that has kept me from completely closing my current long position in MSTR is the stock&#39;s relatively attractive forward price-earnings valuation (which currently stands at 23.58x). Interestingly, if we compare this forward price-earnings ratio to other stocks with heavy exposure to the underlying valuations of cryptocurrency assets, we can see that only one stock in this industry grouping has a lower valuation. Specifically, this would be MARA Holdings, Inc. (MARA) at 20.93x. In the other direction, we can see that Riot Platforms, Inc. (RIOT) is currently trading with a forward price-earnings valuation of 47.54x and Coinbase Global, Inc. (COIN) is trading at much more expensive levels (at 61.26x).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a08c31c074927a37575817bcb7f97db\" alt=\"MSTR: Comparative Forward Price to Book Valuations\" title=\"MSTR: Comparative Forward Price to Book Valuations\" tg-width=\"635\" tg-height=\"490\"/><span>MSTR: Comparative Forward Price to Book Valuations</span></p><p>Unfortunately, when we shift the perspective a bit, MicroStrategy&#39;s valuation metrics start to look much less favorable. Specifically, MicroStrategy is currently trading with an elevated price-book valuation of 18.25x, which is nearly double the figure that we see with Coinbase (at 9.294x). Other stocks within this peer grouping are trading at much lower valuations. For example, Mara Holdings now has a price-book valuation of 2.788x, while Riot Platforms is trading at even lower levels (at just 1.81x). Additionally, we can also add Bitfarms Ltd. (BITF) for some further context and we can see that this stock is also trading at much less expensive levels (at 2.554x). Given the conflicting signals that are sent by these competing valuation metrics, I think the most reasonable course of action at this stage is to downgrade the stock to a &#34;hold&#34; rating.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/53401563f87e4aa8a0c801f5ce0cfee0\" alt=\"MSTR: Further Evidence of Severe Overvaluation\" title=\"MSTR: Further Evidence of Severe Overvaluation\" tg-width=\"1280\" tg-height=\"569\"/><span>MSTR: Further Evidence of Severe Overvaluation</span></p><p>Looking at the stock from a slightly different perspective, we can also see that MSTR has now deviated quite sharply away from its own historical averages. Specifically, in the daily price chart above, we can see that the stock is currently trading well above the upper Bollinger Band and the entire standard deviation channel on this time frame. Of course, this type of activity in share prices is highly significant because we are not looking at a short-term time frame (such as an hourly price chart). Viewing the stock in terms of simple statistical probabilities, mean reversion strategies would suggest that this type of outlier price action is unlikely to sustain itself for an extended period of time. Overall, this implies that downside pullbacks are becoming increasingly likely, and this is another reason I cannot maintain a &#34;buy&#34; rating for this stock at this moment in time.</p><p>Ultimately, recent rallies in cryptocurrency assets appear to have been propelled in large part by the recent election of Donald Trump as the 47th President of the United States. However, now that the election results have already been tabulated, it seems to me that a sizable portion of this optimism is likely to start dying down relatively soon. If this assertion turns out to be true, I think we could start to see a significant amount of profit-taking activities in stocks with substantial exposure to cryptocurrency assets. In my view, a downside break of support at $262.62 (price lows from November 8th, 2024) might signal an end to MicroStrategy&#39;s recent bullish rally. If we see this occur, I will revisit my current outlook and consider downgrading the stock even further with a &#34;sell&#34; rating.</p></body></html>","source":"seekingalpha_fund","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>MicroStrategy: Overvaluation Gets Dangerous (Rating Downgrade)</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\">\nMicroStrategy: Overvaluation Gets Dangerous (Rating Downgrade)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 13:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4736352-microstrategy-overvaluation-gets-dangerous-rating-downgrade><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryFollowing my prior \"strong buy\" article rating, MicroStrategy's stock surged 86.59% to $351.73 due to strong growth in bitcoin holdings, but I am now downgrading the stock to \"hold.\"Despite ...</p>\n\n<a href=\"https://seekingalpha.com/article/4736352-microstrategy-overvaluation-gets-dangerous-rating-downgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy"},"source_url":"https://seekingalpha.com/article/4736352-microstrategy-overvaluation-gets-dangerous-rating-downgrade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179955772","content_text":"SummaryFollowing my prior \"strong buy\" article rating, MicroStrategy's stock surged 86.59% to $351.73 due to strong growth in bitcoin holdings, but I am now downgrading the stock to \"hold.\"Despite positive subscription revenue growth, MicroStrategy faces significant headwinds with -$340.2 million in net losses and declining software segment revenues.MSTR's market cap is significantly overvalued compared to its bitcoin holdings, with a premium near 3x, raising concerns about sustainability.Elevated price-book valuation and deviation from historical averages suggest potential downside, prompting a cautious \"hold\" rating amidst possible profit-taking in cryptocurrency-exposed stocks.Digital wallets and crypto currency concept. Digital money and blockchain technology. Golden bitcoin icon on dark background. Minimalistic setup with copy spaceWhen I last covered MicroStrategy Incorporated on October 11th, 2024 with my article \"MicroStrategy: Major Breakout Ahead\", I argued that strong growth rates in subscription revenues and widespread gains in global cryptocurrency asset trends suggested that MSTR might be on the verge of a monumental breakout in share prices before the end of the year. In the periods that followed, we have seen major updates with the company reporting quarterly earnings figures that revealed substantial growth in MicroStrategy's underlying bitcoin holdings and this has helped the stock rally by more than 86.59% to new all-time highs of $351.73 during the November 11th, 2024 trading session.MSTR: Massive Gains Follow PreviousAs we can see, these monstrous gains have occurred over what amounts to just a one-month trading period. Unfortunately, when we see these types of gains in such a short period of time, it becomes much more common for investors to begin wondering whether or not major rallies have become over-extended. As widespread profit-taking becomes more and more likely at these elevated levels, I will be reducing by two levels my outlook for this stock (to a \"hold\" rating from my prior \"strong buy\" rating).MicroStrategy: Q3 2024 Earnings FiguresOf course, we must look at some of the factors that led up to these incredible rallies in the first place. During the third-quarter period, MicroStrategy reported YTD cryptocurrency yields of 17.8% and an 11% increase in bitcoin while unveiling what they refer to as the 21-21 Plan, which is a $42 billion strategic capital outline that aims to use equity offerings to raise $21 billion and fixed income assets to raise an additional $21 billion. However, even with this forward-looking planning attempt, MicroStrategy is still facing significant headwinds in its operations, and -$340.2 million in net losses were reported for the period.MicroStrategy: Q3 2024 Earnings FiguresOne aspect of the business that is often overlooked is MicroStrategy's software segment, which recorded annualized revenue declines of -10.3% (at $116.1 million). One factor that was positive within this segment was subscription services, which actually saw revenue gains of 32.5% for the quarter. Unfortunately, these conflicting results have made it very clear that MicroStrategy has faced continued obstacles in terms of the company's ability to navigate between the legacy software business and newer operational directions in the accumulation of cryptocurrencies. Impairment losses tied to cryptocurrency holdings had a significant dragging effect on MicroStrategy's third-quarter operating expenses, and the company weathered a -$432.6 million operations loss during the period.MicroStrategy: Q3 2024 Earnings FiguresHowever, I believe that these quarterly figures largely miss the more important issue that currently faces MSTR shareholders. Specifically, long positions in MicroStrategy stock have become an incredibly expensive way of gaining exposure to the underlying Bitcoin assets. Toward the end of 2023, MSTR stock valuations were trading much closer to parity when compared to the company's total cryptocurrency holdings. More recently, MSTR valuations have risen to such extremes that the premium is hovering near record levels (at close to 3x the valuation of the underlying bitcoin holdings). MicroStrategy recently raised $2.03 billion to buy another 27,200 bitcoins, bringing their total holdings to 279,420 total bitcoins. Based on cryptocurrency prices from November 11th, 2024, this brings the value of MicroStrategy's total bitcoin horde to just over $24.72 billion. Based on market closing prices from the same trading period, the company's market cap currently stands at $68.9 billion. When we consider the fact that MicroStrategy's software business is worth roughly $1 billion and the company is currently holding debt levels greater than $4 billion, the prospects for overvaluation start to become glaringly clear.MSTR: Comparative Forward Price to Earnings ValuationsIn most cases, when I see share price rallies that are as substantial as MicroStrategy's YTD performance (396.21%), I will do my best to avoid being greedy and simply sell the position. Of course, we can all remember the classic stock market phrase about how \"bulls make money, bears make money, and pigs get slaughtered.\" However, one factor that has kept me from completely closing my current long position in MSTR is the stock's relatively attractive forward price-earnings valuation (which currently stands at 23.58x). Interestingly, if we compare this forward price-earnings ratio to other stocks with heavy exposure to the underlying valuations of cryptocurrency assets, we can see that only one stock in this industry grouping has a lower valuation. Specifically, this would be MARA Holdings, Inc. (MARA) at 20.93x. In the other direction, we can see that Riot Platforms, Inc. (RIOT) is currently trading with a forward price-earnings valuation of 47.54x and Coinbase Global, Inc. (COIN) is trading at much more expensive levels (at 61.26x).MSTR: Comparative Forward Price to Book ValuationsUnfortunately, when we shift the perspective a bit, MicroStrategy's valuation metrics start to look much less favorable. Specifically, MicroStrategy is currently trading with an elevated price-book valuation of 18.25x, which is nearly double the figure that we see with Coinbase (at 9.294x). Other stocks within this peer grouping are trading at much lower valuations. For example, Mara Holdings now has a price-book valuation of 2.788x, while Riot Platforms is trading at even lower levels (at just 1.81x). Additionally, we can also add Bitfarms Ltd. (BITF) for some further context and we can see that this stock is also trading at much less expensive levels (at 2.554x). Given the conflicting signals that are sent by these competing valuation metrics, I think the most reasonable course of action at this stage is to downgrade the stock to a \"hold\" rating.MSTR: Further Evidence of Severe OvervaluationLooking at the stock from a slightly different perspective, we can also see that MSTR has now deviated quite sharply away from its own historical averages. Specifically, in the daily price chart above, we can see that the stock is currently trading well above the upper Bollinger Band and the entire standard deviation channel on this time frame. Of course, this type of activity in share prices is highly significant because we are not looking at a short-term time frame (such as an hourly price chart). Viewing the stock in terms of simple statistical probabilities, mean reversion strategies would suggest that this type of outlier price action is unlikely to sustain itself for an extended period of time. Overall, this implies that downside pullbacks are becoming increasingly likely, and this is another reason I cannot maintain a \"buy\" rating for this stock at this moment in time.Ultimately, recent rallies in cryptocurrency assets appear to have been propelled in large part by the recent election of Donald Trump as the 47th President of the United States. However, now that the election results have already been tabulated, it seems to me that a sizable portion of this optimism is likely to start dying down relatively soon. If this assertion turns out to be true, I think we could start to see a significant amount of profit-taking activities in stocks with substantial exposure to cryptocurrency assets. In my view, a downside break of support at $262.62 (price lows from November 8th, 2024) might signal an end to MicroStrategy's recent bullish rally. If we see this occur, I will revisit my current outlook and consider downgrading the stock even further with a \"sell\" rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370216790618456,"gmtCreate":1731422893594,"gmtModify":1731422897541,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> soon touch 1k[Miser]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> soon touch 1k[Miser]&nbsp;&nbsp;","text":"$MicroStrategy(MSTR)$ soon touch 1k[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370216790618456","isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370216661909800,"gmtCreate":1731422860569,"gmtModify":1731422863024,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$MicroStrategy(MSTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370216661909800","isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369920506380400,"gmtCreate":1731335041760,"gmtModify":1731335044792,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"Jump to where? Reverse split? OTC?","listText":"Jump to where? Reverse split? OTC?","text":"Jump to where? Reverse split? OTC?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369920506380400","repostId":"2475223319","repostType":2,"repost":{"id":"2475223319","kind":"highlight","pubTimestamp":1728929177,"share":"https://ttm.financial/m/news/2475223319?lang=&edition=fundamental","pubTime":"2024-10-15 02:06","market":"us","language":"en","title":"Top 2 Utilities Stocks That May Jump This Month","url":"https://stock-news.laohu8.com/highlight/detail?id=2475223319","media":"Benzinga","summary":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.The most oversold stocks in the utilities sector present an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.Your biggest returns may not come from the stock market. Invest the way colleges,","content":"<html><body><img height=\"675\" src=\"https://s.yimg.com/uu/api/res/1.2/LKFoDoK2sWI7qUezsITtzQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/benzinga_79/49316e91552b5da9ff7c6f3a1d0b71ae\" width=\"1200\"/>\n<p><i>Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.</i></p>\n<p>The most oversold stocks in the utilities sector present an opportunity to buy into undervalued companies.</p>\n<p>The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.</p>\n<p><strong>Don’t Miss:</strong></p>\n<ul>\n<li><strong>This billion-dollar fund has invested in the next big real estate boom, <strong>here's how you can join for $10</strong>.<br/></strong><em>This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the <em>Fund's prospectus</em>. Read them carefully before investing.</em></li>\n<li><strong>Your biggest returns may not come from the stock market. Invest the way colleges, pension funds, and the 1% do.<strong> </strong><strong>Get started investing in commercial real estate today</strong>.</strong></li>\n</ul>\n<p>Here's the latest list of major oversold players in this sector, having an RSI near or below 30.</p>\n<p><strong>Sunnova Energy International Inc (NYSE:NOVA)</strong></p>\n<ul>\n<li>On Oct. 10, Jefferies analyst Julien Dumoulin-Smith initiated coverage on Sunnova Energy Intl with a Buy rating and announced a price target of $15.. The company's stock fell around 43% over the past month and has a 52-week low of $3.37.</li>\n<li><strong>RSI Value:</strong> 29.94</li>\n<li><strong>NOVA Price Action:</strong> Shares of Sunnova Energy gained 1.1% to close at $6.57 on Friday.</li>\n<li>Benzinga Pro's real-time newsfeed alerted to latest NOVA news.</li>\n</ul>\n<p><strong>Trending Now: A billion-dollar investment strategy with minimums as low as $10 — <strong>you can become part of the next big real estate boom today</strong>.<br/></strong><em>This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the <em>Fund's prospectus</em>. Read them carefully before investing.</em></p>\n<p><strong><a href=\"https://laohu8.com/S/VVPR\">VivoPower</a> International PLC (NASDAQ:VVPR)          </strong></p>\n<ul>\n<li>On Oct. 3, VivoPower’s Tembo announced a definitive agreement with pre-eminent jeepney group, Sarao Motors, in the Philippines’ estimated US$10 billion jeepney market. Executive Chairman and CEO of VivoPower, Kevin Chin, said, “We are absolutely honoured that Tembo is partnering with Sarao Motors, a household name in the Philippines that is well recognised and highly respected by the Philippines government and the Filipino people alike. For Sarao to have selected Tembo as its exclusive e-jeepney kits and solutions provider, it is a testament to the considered, careful, and comprehensive approach to the engineering quality and safety that underpins our culture and modus operandi.” The company's stock fell around 59% over the past month. It has a 52-week low of $0.73.</li>\n<li><strong>RSI Value:</strong> 28.53</li>\n<li><strong>VVPR Price Action:</strong> Shares of VivoPower rose 0.1% to close at $0.78 on Friday.</li>\n<li>Benzinga Pro’s charting tool helped identify the trend in VVPR stock.</li>\n</ul>\n<p><strong>Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<strong> </strong><strong>SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</strong> to decide which one is right for you.</strong></p>\n<p><strong>Keep Reading:</strong></p>\n<ul>\n<li><strong><strong>Interest rates are falling but you can still make high yields in real estate. Find out how.</strong></strong></li>\n<li><strong>Commercial real estate has historically outperformed the stock market. This platform allows accredited investors to invest in commercial real estate,<strong> </strong><strong>invest today for a 1% boost</strong>.</strong></li>\n</ul>\n<p>This article Top 2 Utilities Stocks That May Jump This Month originally appeared on Benzinga.com</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>Top 2 Utilities Stocks That May Jump This Month</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\">\nTop 2 Utilities Stocks That May Jump This Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-15 02:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/top-2-utilities-stocks-may-180617432.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.\nThe most oversold stocks in the utilities sector present an opportunity to buy into undervalued ...</p>\n\n<a href=\"https://finance.yahoo.com/news/top-2-utilities-stocks-may-180617432.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/qOCFu9fuZCUjxlEhEJ.DwA--~B/aD0zMDI7dz00NTM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/benzinga_79/bd15ad5e90d41a9dceb418e050f4625c","relate_stocks":{"LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","LU2308191902.HKD":"BNP PARIBAS ECOSYSTEM RESTORATION \"CLASSIC\" (HKD) ACC","BK4585":"ETF&股票定投概念","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","NOVA":"Sunnova Energy International Inc.","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","VVPR":"VivoPower","LU0823414478.USD":"法巴经典能源转换基金","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4133":"新能源发电业者","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC"},"source_url":"https://finance.yahoo.com/news/top-2-utilities-stocks-may-180617432.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2475223319","content_text":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.\nThe most oversold stocks in the utilities sector present an opportunity to buy into undervalued companies.\nThe RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.\nDon’t Miss:\n\nThis billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.\nYour biggest returns may not come from the stock market. Invest the way colleges, pension funds, and the 1% do. Get started investing in commercial real estate today.\n\nHere's the latest list of major oversold players in this sector, having an RSI near or below 30.\nSunnova Energy International Inc (NYSE:NOVA)\n\nOn Oct. 10, Jefferies analyst Julien Dumoulin-Smith initiated coverage on Sunnova Energy Intl with a Buy rating and announced a price target of $15.. The company's stock fell around 43% over the past month and has a 52-week low of $3.37.\nRSI Value: 29.94\nNOVA Price Action: Shares of Sunnova Energy gained 1.1% to close at $6.57 on Friday.\nBenzinga Pro's real-time newsfeed alerted to latest NOVA news.\n\nTrending Now: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.\nVivoPower International PLC (NASDAQ:VVPR)          \n\nOn Oct. 3, VivoPower’s Tembo announced a definitive agreement with pre-eminent jeepney group, Sarao Motors, in the Philippines’ estimated US$10 billion jeepney market. Executive Chairman and CEO of VivoPower, Kevin Chin, said, “We are absolutely honoured that Tembo is partnering with Sarao Motors, a household name in the Philippines that is well recognised and highly respected by the Philippines government and the Filipino people alike. For Sarao to have selected Tembo as its exclusive e-jeepney kits and solutions provider, it is a testament to the considered, careful, and comprehensive approach to the engineering quality and safety that underpins our culture and modus operandi.” The company's stock fell around 59% over the past month. It has a 52-week low of $0.73.\nRSI Value: 28.53\nVVPR Price Action: Shares of VivoPower rose 0.1% to close at $0.78 on Friday.\nBenzinga Pro’s charting tool helped identify the trend in VVPR stock.\n\nWondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.\nKeep Reading:\n\nInterest rates are falling but you can still make high yields in real estate. Find out how.\nCommercial real estate has historically outperformed the stock market. This platform allows accredited investors to invest in commercial real estate, invest today for a 1% boost.\n\nThis article Top 2 Utilities Stocks That May Jump This Month originally appeared on Benzinga.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368318065610872,"gmtCreate":1730939155155,"gmtModify":1730939157207,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Richtech Robotics(RR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368318065610872","isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366432210673992,"gmtCreate":1730504738848,"gmtModify":1730504742326,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a> What is next? Reverse split? Need to&nbsp;maintain min bid price!","listText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a> What is next? Reverse split? Need to&nbsp;maintain min bid price!","text":"$Richtech Robotics(RR)$ What is next? Reverse split? Need to maintain min bid price!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/366432210673992","isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4176509527036032","authorId":"4176509527036032","name":"Arun Varkey","avatar":"https://community-static.tradeup.com/news/0f4beba8fdc4132406330197817e392d","crmLevel":1,"crmLevelSwitch":0,"idStr":"4176509527036032","authorIdStr":"4176509527036032"},"content":"Well I have invested in this company I am a hospitality worker and I believe this is the future of hospitality I can see that 30 or 40 percent of the Chinese and Japanese markets are all ready in such technology full automated nothing was available in the western market and the market is still worried about loosing personal touch but when cost of production matters this company produces are un avoidable like it or not this is the future of hospitality and just because no other company offers such a product line I think they will win this war","text":"Well I have invested in this company I am a hospitality worker and I believe this is the future of hospitality I can see that 30 or 40 percent of the Chinese and Japanese markets are all ready in such technology full automated nothing was available in the western market and the market is still worried about loosing personal touch but when cost of production matters this company produces are un avoidable like it or not this is the future of hospitality and just because no other company offers such a product line I think they will win this war","html":"Well I have invested in this company I am a hospitality worker and I believe this is the future of hospitality I can see that 30 or 40 percent of the Chinese and Japanese markets are all ready in such technology full automated nothing was available in the western market and the market is still worried about loosing personal touch but when cost of production matters this company produces are un avoidable like it or not this is the future of hospitality and just because no other company offers such a product line I think they will win this war"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366362890166392,"gmtCreate":1730452461136,"gmtModify":1730452463014,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ASNS\">$Actelis Networks(ASNS)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/ASNS\">$Actelis Networks(ASNS)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Actelis Networks(ASNS)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366362890166392","isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365802861523184,"gmtCreate":1730347450319,"gmtModify":1730347454422,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MHUA\">$Meihua International Medical Technologies(MHUA)$&nbsp;</a><v-v data-views=\"1\"></v-v> Hopefully doesn't disappoint the share holders like other China companies&nbsp;[Miser]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/MHUA\">$Meihua International Medical Technologies(MHUA)$&nbsp;</a><v-v data-views=\"1\"></v-v> Hopefully doesn't disappoint the share holders like other China companies&nbsp;[Miser]&nbsp;&nbsp;","text":"$Meihua International Medical Technologies(MHUA)$ Hopefully doesn't disappoint the share holders like other China companies [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365802861523184","isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365963742519296,"gmtCreate":1730347282035,"gmtModify":1730347285867,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MIRA\">$Mira Pharma(MIRA)$&nbsp;</a><v-v data-views=\"1\"></v-v> up up","listText":"<a href=\"https://ttm.financial/S/MIRA\">$Mira Pharma(MIRA)$&nbsp;</a><v-v data-views=\"1\"></v-v> up up","text":"$Mira Pharma(MIRA)$ up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365963742519296","isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365670826787032,"gmtCreate":1730275769999,"gmtModify":1730277046381,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Trump Media & Technology(DJT)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365670826787032","isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365360531611680,"gmtCreate":1730209588692,"gmtModify":1730210194107,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4100247818026450","authorIdStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Trump Media & Technology(DJT)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365360531611680","isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":344067893805128,"gmtCreate":1725040791455,"gmtModify":1725277818262,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ENSC\">$Ensysce Biosciences Inc.(ENSC)$ </a> So tricky! Announce about 14million grand then blow up the share then immediately announce pump in 5million additional shares!&nbsp; Later announce&nbsp;reverse split???&nbsp; Companies like this is killing the innocent buyers? So disappointed 😞&nbsp;","listText":"<a href=\"https://ttm.financial/S/ENSC\">$Ensysce Biosciences Inc.(ENSC)$ </a> So tricky! Announce about 14million grand then blow up the share then immediately announce pump in 5million additional shares!&nbsp; Later announce&nbsp;reverse split???&nbsp; Companies like this is killing the innocent buyers? So disappointed 😞&nbsp;","text":"$Ensysce Biosciences Inc.(ENSC)$ So tricky! Announce about 14million grand then blow up the share then immediately announce pump in 5million additional shares! Later announce reverse split??? Companies like this is killing the innocent buyers? So disappointed 😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1691,"commentSize":4,"repostSize":64,"link":"https://ttm.financial/post/344067893805128","isVote":1,"tweetType":1,"viewCount":3869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352666553606216,"gmtCreate":1727140209034,"gmtModify":1727147178165,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a> I think Serv is a better investment than RR. Serv&nbsp; seems to focus on growth, which encourage to invest,&nbsp;share value expect to&nbsp;go upwards. Where as RR seems focusing on how to discourage investors by weakening the share value. Fail to even keep the sgare value at least $1!&nbsp;Pumping in a vast amount of additional&nbsp;shares! Later dilution? Reverse split? Disappointed to invest in this company. Please think well before investing in RR.&nbsp;","listText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a> I think Serv is a better investment than RR. Serv&nbsp; seems to focus on growth, which encourage to invest,&nbsp;share value expect to&nbsp;go upwards. Where as RR seems focusing on how to discourage investors by weakening the share value. Fail to even keep the sgare value at least $1!&nbsp;Pumping in a vast amount of additional&nbsp;shares! Later dilution? Reverse split? Disappointed to invest in this company. Please think well before investing in RR.&nbsp;","text":"$Richtech Robotics(RR)$ I think Serv is a better investment than RR. Serv seems to focus on growth, which encourage to invest, share value expect to go upwards. Where as RR seems focusing on how to discourage investors by weakening the share value. Fail to even keep the sgare value at least $1! Pumping in a vast amount of additional shares! Later dilution? Reverse split? Disappointed to invest in this company. Please think well before investing in RR.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":65,"commentSize":11,"repostSize":136,"link":"https://ttm.financial/post/352666553606216","isVote":1,"tweetType":1,"viewCount":3960,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4183121921056332","authorId":"4183121921056332","name":"BKLI","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4183121921056332","idStr":"4183121921056332"},"content":"SERV is up only because NVIDIA invested in it. If you see their product they have only delivery robots which are prone vandalism.","text":"SERV is up only because NVIDIA invested in it. If you see their product they have only delivery robots which are prone vandalism.","html":"SERV is up only because NVIDIA invested in it. If you see their product they have only delivery robots which are prone vandalism."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343344749494488,"gmtCreate":1724853984505,"gmtModify":1724932604329,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WLDS\">$Wearable Devices Ltd.(WLDS)$ </a> Lost more than $750. No point keeping this stock. Users gave very poor feedback about their&nbsp;product! Some says useless! Keep away until there is some positive feedback about the product and get enough business to run. Using our hard earned money to enjoy.&nbsp;","listText":"<a href=\"https://ttm.financial/S/WLDS\">$Wearable Devices Ltd.(WLDS)$ </a> Lost more than $750. No point keeping this stock. Users gave very poor feedback about their&nbsp;product! Some says useless! Keep away until there is some positive feedback about the product and get enough business to run. Using our hard earned money to enjoy.&nbsp;","text":"$Wearable Devices Ltd.(WLDS)$ Lost more than $750. No point keeping this stock. Users gave very poor feedback about their product! Some says useless! Keep away until there is some positive feedback about the product and get enough business to run. Using our hard earned money to enjoy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":747,"commentSize":2,"repostSize":36,"link":"https://ttm.financial/post/343344749494488","isVote":1,"tweetType":1,"viewCount":2139,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000143","authorId":"9000000000000143","name":"wubbie","avatar":"https://static.tigerbbs.com/e8949243b5b991e5aaeac1e019f51299","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000143","idStr":"9000000000000143"},"content":"Nice call! No point in holding a stock with poor feedback. [Heartbreak]","text":"Nice call! No point in holding a stock with poor feedback. [Heartbreak]","html":"Nice call! No point in holding a stock with poor feedback. [Heartbreak]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366432210673992,"gmtCreate":1730504738848,"gmtModify":1730504742326,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a> What is next? Reverse split? Need to&nbsp;maintain min bid price!","listText":"<a href=\"https://ttm.financial/S/RR\">$Richtech Robotics(RR)$&nbsp;</a> What is next? Reverse split? Need to&nbsp;maintain min bid price!","text":"$Richtech Robotics(RR)$ What is next? Reverse split? Need to maintain min bid price!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/366432210673992","isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4176509527036032","authorId":"4176509527036032","name":"Arun Varkey","avatar":"https://community-static.tradeup.com/news/0f4beba8fdc4132406330197817e392d","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4176509527036032","idStr":"4176509527036032"},"content":"Well I have invested in this company I am a hospitality worker and I believe this is the future of hospitality I can see that 30 or 40 percent of the Chinese and Japanese markets are all ready in such technology full automated nothing was available in the western market and the market is still worried about loosing personal touch but when cost of production matters this company produces are un avoidable like it or not this is the future of hospitality and just because no other company offers such a product line I think they will win this war","text":"Well I have invested in this company I am a hospitality worker and I believe this is the future of hospitality I can see that 30 or 40 percent of the Chinese and Japanese markets are all ready in such technology full automated nothing was available in the western market and the market is still worried about loosing personal touch but when cost of production matters this company produces are un avoidable like it or not this is the future of hospitality and just because no other company offers such a product line I think they will win this war","html":"Well I have invested in this company I am a hospitality worker and I believe this is the future of hospitality I can see that 30 or 40 percent of the Chinese and Japanese markets are all ready in such technology full automated nothing was available in the western market and the market is still worried about loosing personal touch but when cost of production matters this company produces are un avoidable like it or not this is the future of hospitality and just because no other company offers such a product line I think they will win this war"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345851150823816,"gmtCreate":1725463179002,"gmtModify":1725463184624,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOUN\">$SoundHound AI Inc(SOUN)$&nbsp;</a><v-v data-views=\"1\"></v-v> Soon the share go up","listText":"<a href=\"https://ttm.financial/S/SOUN\">$SoundHound AI Inc(SOUN)$&nbsp;</a><v-v data-views=\"1\"></v-v> Soon the share go up","text":"$SoundHound AI Inc(SOUN)$ Soon the share go up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/345851150823816","isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216615272849544,"gmtCreate":1693885181891,"gmtModify":1693885187185,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"Same thing happened to another Vietnamese company SOPA. Suddenly dropped the share value. I bought nearly 1000 shares at a price of $19+, now the price per share is below 50 cents. Huge loss. This is their tactics&nbsp;","listText":"Same thing happened to another Vietnamese company SOPA. Suddenly dropped the share value. I bought nearly 1000 shares at a price of $19+, now the price per share is below 50 cents. Huge loss. This is their tactics&nbsp;","text":"Same thing happened to another Vietnamese company SOPA. Suddenly dropped the share value. I bought nearly 1000 shares at a price of $19+, now the price per share is below 50 cents. Huge loss. This is their tactics","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/216615272849544","repostId":"1104211900","repostType":2,"repost":{"id":"1104211900","kind":"news","pubTimestamp":1693839799,"share":"https://ttm.financial/m/news/1104211900?lang=&edition=fundamental","pubTime":"2023-09-04 23:03","market":"us","language":"en","title":"VinFast’s Wild Ride Points to Need for Stock Health Warnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1104211900","media":"The Financial Times","summary":"Regulators should flag risks when companies have small amount of shares available to tradeVinFast electric vehicles waiting for shipment at a port in Haiphong, Vietnam. VinFast’s market capitalisation","content":"<html><head></head><body><p>Regulators should flag risks when companies have small amount of shares available to trade</p><p>Just five years ago, Vietnam’s VinFast started to produce its first cars. Last week the electric vehicle maker was briefly valued at more than the combined worth of Ford, General Motors and Volkswagen.<br/><br/>In a remarkable stock debut, VinFast’s market capitalisation shot higher after its mid-August listing to a peak of around $190bn. The stock has since slumped and the market value fallen to $64bn. But that still it leaves more highly valued than General Motors ($46bn) and Ford ($48bn). Only Tesla ($785bn) and Toyota ($280bn) are worth more. That is despite the fact the company is only expecting to produce some 50,000 cars this year — a tiny number compared with the 5.9mn vehicles GM sold last year.<br/><br/>If you believe in efficient markets, it could be argued that investors are betting that VinFast, part of the sprawling Vietnamese conglomerate Vingroup, will rival Tesla and deliver huge growth. That would be a stretch, to put it mildly, particularly given how competitive the electric vehicle market is becoming.<br/><br/>More likely, its valuation might be distorted by the tiny amount of the company’s shares that can be freely traded. The company’s so-called free float is just around 1 percent with the rest held by Pham Nhat Vuong, Vietnam’s richest man. With such a meagre amount of supply of shares, any demand can lead to sharp spikes in the share price.<br/><br/>This, of course, is not an uncommon phenomenon. Stock market history is replete with similar examples. VinFast’s surge came just a year after little-known Asian finance group AMTD Digital sold about a tenth of its shares in New York and subsequently skyrocketed 21,429 percent. That briefly gave it a market value of $311bn. It is currently worth about $1bn. In Ireland, buying into such a company during a spike was dubbed the “eejit trade” after Allied Irish Banks soared on more than one occasion in the decade following the 2008 financial crisis. When Dublin, which took over the lender during the crisis, divested some of its 99 percent holding in 2017, the share price tumbled.<br/><br/>Before that there was Caesar’s Entertainment. In 2012, the US casino operator floated a 1.4 percent stake in New York after a debt restructuring. They leapt 71 percent on debut.<br/><br/>Such stories are dramatic in a world where most asset prices merely edge up or down on any given day. They’re a problem for regulators and exchanges, however. Too many and a market begins to look like a casino and raises suspicions of stock manipulation. But they’re not easy to prevent. Compare the examples here and they have little in common beyond their rocket episodes. That complicates the rulemakers’ job beyond, say, just raising the minimum free float needed to go public.<br/><br/>VinFast listed via a special purpose acquisition company — a so-called blank cheque vehicle, which raises funds and then looks for something to buy. Shareholders in Spacs have the option to cash out their holdings once the shell finds its target, or they can stay as shareholders in the merged, listed group. Investors holding 80 percent of the shares in the Spac merging with VinFast redeemed their holdings — roughly in line with other recent deals. Such cancelled shares reduced VinFast’s free float.<br/><br/>“Most Spacs weren’t planning on having a really tiny free float, but if there’s a really high redemption ratio, they wind up [there],” says Jay Ritter, finance professor at the University of Florida. “Small free floats can result in manipulation, but actually most of the time the fundamentals that led to the high redemptions scare away investors and the price collapses.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f94aec491ce02b685f7988515044d9c8\" title=\"\" tg-width=\"700\" tg-height=\"500\"/></p><p><br/>So how about mandating minimum free floats throughout a company’s trading life? Yet Hong Kong does that and is frequently criticised by market watchers. The city requires a public float minimum of about 25 percent, or 10 percent for larger groups. Those that fall short risk suspension and delisting. Suspensions have lasted years, trapping shareholders.<br/><br/>“It doesn’t prevent stocks being cornered and ramped,” says David Webb, an independent investor advocate and long a critic of the rule. “[It] is based on the fundamental misconception that listed companies can control what their shareholders do. It’s supposed to be the other way around.”</p><p>There is one thing from Hong Kong, however, that regulators elsewhere could adopt more easily: slap a warning on very tightly-held companies, as the city’s watchdog does. <br/><br/>“Bourses such as the NYSE are cognisant that share manipulation is not so much the percentage of shares held in public hands, but the dollar size of the public float, and the number of public shareholders,” says David Blennerhassett, an analyst at Quiddity Advisors. “Suspending shares disadvantages innocent shareholders. The way to deal with this is by highlighting the issue.”<br/><br/>That’s a “buyer beware” approach that fits, in theory, with the general US model of disclosure. It’s hard to believe, though, that those trading VinFast or any of the other examples didn’t know about their stock scarcity issue soon after it began to soar. There are some elements of speculation that no regulator can fix.</p></body></html>","source":"lsy1580170736413","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>VinFast’s Wild Ride Points to Need for Stock Health Warnings</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\">\nVinFast’s Wild Ride Points to Need for Stock Health Warnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-04 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/5b8750d2-da8d-49c4-bde0-c3b89cf1d9a4><strong>The Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Regulators should flag risks when companies have small amount of shares available to tradeJust five years ago, Vietnam’s VinFast started to produce its first cars. Last week the electric vehicle maker...</p>\n\n<a href=\"https://www.ft.com/content/5b8750d2-da8d-49c4-bde0-c3b89cf1d9a4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VFS":"VinFast Auto"},"source_url":"https://www.ft.com/content/5b8750d2-da8d-49c4-bde0-c3b89cf1d9a4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104211900","content_text":"Regulators should flag risks when companies have small amount of shares available to tradeJust five years ago, Vietnam’s VinFast started to produce its first cars. Last week the electric vehicle maker was briefly valued at more than the combined worth of Ford, General Motors and Volkswagen.In a remarkable stock debut, VinFast’s market capitalisation shot higher after its mid-August listing to a peak of around $190bn. The stock has since slumped and the market value fallen to $64bn. But that still it leaves more highly valued than General Motors ($46bn) and Ford ($48bn). Only Tesla ($785bn) and Toyota ($280bn) are worth more. That is despite the fact the company is only expecting to produce some 50,000 cars this year — a tiny number compared with the 5.9mn vehicles GM sold last year.If you believe in efficient markets, it could be argued that investors are betting that VinFast, part of the sprawling Vietnamese conglomerate Vingroup, will rival Tesla and deliver huge growth. That would be a stretch, to put it mildly, particularly given how competitive the electric vehicle market is becoming.More likely, its valuation might be distorted by the tiny amount of the company’s shares that can be freely traded. The company’s so-called free float is just around 1 percent with the rest held by Pham Nhat Vuong, Vietnam’s richest man. With such a meagre amount of supply of shares, any demand can lead to sharp spikes in the share price.This, of course, is not an uncommon phenomenon. Stock market history is replete with similar examples. VinFast’s surge came just a year after little-known Asian finance group AMTD Digital sold about a tenth of its shares in New York and subsequently skyrocketed 21,429 percent. That briefly gave it a market value of $311bn. It is currently worth about $1bn. In Ireland, buying into such a company during a spike was dubbed the “eejit trade” after Allied Irish Banks soared on more than one occasion in the decade following the 2008 financial crisis. When Dublin, which took over the lender during the crisis, divested some of its 99 percent holding in 2017, the share price tumbled.Before that there was Caesar’s Entertainment. In 2012, the US casino operator floated a 1.4 percent stake in New York after a debt restructuring. They leapt 71 percent on debut.Such stories are dramatic in a world where most asset prices merely edge up or down on any given day. They’re a problem for regulators and exchanges, however. Too many and a market begins to look like a casino and raises suspicions of stock manipulation. But they’re not easy to prevent. Compare the examples here and they have little in common beyond their rocket episodes. That complicates the rulemakers’ job beyond, say, just raising the minimum free float needed to go public.VinFast listed via a special purpose acquisition company — a so-called blank cheque vehicle, which raises funds and then looks for something to buy. Shareholders in Spacs have the option to cash out their holdings once the shell finds its target, or they can stay as shareholders in the merged, listed group. Investors holding 80 percent of the shares in the Spac merging with VinFast redeemed their holdings — roughly in line with other recent deals. Such cancelled shares reduced VinFast’s free float.“Most Spacs weren’t planning on having a really tiny free float, but if there’s a really high redemption ratio, they wind up [there],” says Jay Ritter, finance professor at the University of Florida. “Small free floats can result in manipulation, but actually most of the time the fundamentals that led to the high redemptions scare away investors and the price collapses.”So how about mandating minimum free floats throughout a company’s trading life? Yet Hong Kong does that and is frequently criticised by market watchers. The city requires a public float minimum of about 25 percent, or 10 percent for larger groups. Those that fall short risk suspension and delisting. Suspensions have lasted years, trapping shareholders.“It doesn’t prevent stocks being cornered and ramped,” says David Webb, an independent investor advocate and long a critic of the rule. “[It] is based on the fundamental misconception that listed companies can control what their shareholders do. It’s supposed to be the other way around.”There is one thing from Hong Kong, however, that regulators elsewhere could adopt more easily: slap a warning on very tightly-held companies, as the city’s watchdog does. “Bourses such as the NYSE are cognisant that share manipulation is not so much the percentage of shares held in public hands, but the dollar size of the public float, and the number of public shareholders,” says David Blennerhassett, an analyst at Quiddity Advisors. “Suspending shares disadvantages innocent shareholders. The way to deal with this is by highlighting the issue.”That’s a “buyer beware” approach that fits, in theory, with the general US model of disclosure. It’s hard to believe, though, that those trading VinFast or any of the other examples didn’t know about their stock scarcity issue soon after it began to soar. There are some elements of speculation that no regulator can fix.","news_type":1},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584681683305990","authorId":"3584681683305990","name":"香泉","avatar":"https://static.tigerbbs.com/8d912b8b0e4d3b81943f12bb0dc672f5","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3584681683305990","idStr":"3584681683305990"},"content":"those stocks face the same problem:long time no profit.","text":"those stocks face the same problem:long time no profit.","html":"those stocks face the same problem:long time no profit."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349054138445864,"gmtCreate":1726248549517,"gmtModify":1726248553323,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VMAR\">$Vision Marine Technologies Inc.(VMAR)$ </a> bearish&nbsp;","listText":"<a href=\"https://ttm.financial/S/VMAR\">$Vision Marine Technologies Inc.(VMAR)$ </a> bearish&nbsp;","text":"$Vision Marine Technologies Inc.(VMAR)$ bearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349054138445864","isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346414652477712,"gmtCreate":1725611151621,"gmtModify":1725611154227,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SERV\">$Serve Robotics Inc.(SERV)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"$Serve Robotics Inc.(SERV)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346414652477712","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345780690530448,"gmtCreate":1725461457537,"gmtModify":1725461460955,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a><v-v data-views=\"0\"></v-v> Bearish","listText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a><v-v data-views=\"0\"></v-v> Bearish","text":"$Unity Software Inc.(U)$ Bearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345780690530448","isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003398155,"gmtCreate":1640872892401,"gmtModify":1676533549571,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"Thanks for the update","listText":"Thanks for the update","text":"Thanks for the update","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003398155","repostId":"1103993571","repostType":4,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908714767,"gmtCreate":1659437961563,"gmtModify":1705980352781,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOPA\">$Society Pass Inc.(SOPA)$</a>Hello SOPA, can my investment take back? Why you did this?","listText":"<a href=\"https://ttm.financial/S/SOPA\">$Society Pass Inc.(SOPA)$</a>Hello SOPA, can my investment take back? Why you did this?","text":"$Society Pass Inc.(SOPA)$Hello SOPA, can my investment take back? Why you did this?","images":[{"img":"https://community-static.tradeup.com/news/6b53037bc150d61e51bb1f7868fde091","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908714767","isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9003391176,"gmtCreate":1640872766441,"gmtModify":1676533549540,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"Thank you 😊&nbsp;","listText":"Thank you 😊&nbsp;","text":"Thank you 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003391176","repostId":"1124654828","repostType":4,"repost":{"id":"1124654828","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1640867553,"share":"https://ttm.financial/m/news/1124654828?lang=&edition=fundamental","pubTime":"2021-12-30 20:32","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1124654828","media":"Tiger Newspress","summary":"U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant p","content":"<html><head></head><body><p>U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant put the S&amp;P 500 and the Dow on track to extend record-setting runs, with focus turning to a weekly jobless report to gauge the country&#39;s economic health.</p><p>At 8:33 a.m. ET, Dow e-minis  were up 51points, or 0.14%, S&amp;P 500 e-minis  were up 6.5 points, or 0.14%, and Nasdaq 100 e-minis  were up  23.25points, or 0.14%.</p><p><img src=\"https://static.tigerbbs.com/cd072b4fef09af886d7362cbdbad3381\" tg-width=\"360\" tg-height=\"165\" referrerpolicy=\"no-referrer\"/></p><p>Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.</p><p>Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.</p><p>When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.</p><p><b>Stocks making the biggest moves premarket: </b></p><p>Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.</p><p></p><p>JetBlue (JBLU) – The airline cut nearly 1,300 flights from its schedule through January 13, as it deals with a surge in Covid-19 infections among its flight staff. JetBlue was down 1% in premarket action.</p><p></p><p>Didi Global (DIDI) – The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.</p><p></p><p>R.R. Donnelley (RRD) – The business communications and marketing services company received an unsolicited, non-binding acquisition proposal at $11 per share in cash. R.R. Donnelley already has an agreement in place to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Donnelley shares jumped 3.1% in premarket trading.</p><p></p><p>Virgin Orbit (VORB) – The satellite-launching spin-off of space travel company Virgin Galactic will begin trading under the Virgin Orbit name and ticker on Nasdaq today after shareholders of blank-check company NextGen Acquisition Corp. II approved the merger earlier this week.</p><p></p><p>Micron Technology (MU) – The memory chip maker’s stock lost 1.5% in the premarket after it warned that Covid-19 curbs in China’s Xian tech hub would impact production. Samsung Electronics – which is also one of the world’s biggest memory chip makers, issued a similar warning.</p><p></p><p>Johnson &amp; Johnson (JNJ) – A booster dose of the J&amp;J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.</p><p></p><p>Microstrategy (MSTR) – The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.</p></body></html>","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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-30 20:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant put the S&amp;P 500 and the Dow on track to extend record-setting runs, with focus turning to a weekly jobless report to gauge the country&#39;s economic health.</p><p>At 8:33 a.m. ET, Dow e-minis  were up 51points, or 0.14%, S&amp;P 500 e-minis  were up 6.5 points, or 0.14%, and Nasdaq 100 e-minis  were up  23.25points, or 0.14%.</p><p><img src=\"https://static.tigerbbs.com/cd072b4fef09af886d7362cbdbad3381\" tg-width=\"360\" tg-height=\"165\" referrerpolicy=\"no-referrer\"/></p><p>Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.</p><p>Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.</p><p>When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.</p><p><b>Stocks making the biggest moves premarket: </b></p><p>Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.</p><p></p><p>JetBlue (JBLU) – The airline cut nearly 1,300 flights from its schedule through January 13, as it deals with a surge in Covid-19 infections among its flight staff. JetBlue was down 1% in premarket action.</p><p></p><p>Didi Global (DIDI) – The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.</p><p></p><p>R.R. Donnelley (RRD) – The business communications and marketing services company received an unsolicited, non-binding acquisition proposal at $11 per share in cash. R.R. Donnelley already has an agreement in place to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Donnelley shares jumped 3.1% in premarket trading.</p><p></p><p>Virgin Orbit (VORB) – The satellite-launching spin-off of space travel company Virgin Galactic will begin trading under the Virgin Orbit name and ticker on Nasdaq today after shareholders of blank-check company NextGen Acquisition Corp. II approved the merger earlier this week.</p><p></p><p>Micron Technology (MU) – The memory chip maker’s stock lost 1.5% in the premarket after it warned that Covid-19 curbs in China’s Xian tech hub would impact production. Samsung Electronics – which is also one of the world’s biggest memory chip makers, issued a similar warning.</p><p></p><p>Johnson &amp; Johnson (JNJ) – A booster dose of the J&amp;J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.</p><p></p><p>Microstrategy (MSTR) – The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RRD":"当纳利",".DJI":"道琼斯","MU":"美光科技","VORB":"维珍轨道","DIDI":"滴滴(已退市)",".IXIC":"NASDAQ Composite","BIIB":"渤健公司","JBLU":"捷蓝航空",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124654828","content_text":"U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant put the S&P 500 and the Dow on track to extend record-setting runs, with focus turning to a weekly jobless report to gauge the country's economic health.At 8:33 a.m. ET, Dow e-minis  were up 51points, or 0.14%, S&P 500 e-minis  were up 6.5 points, or 0.14%, and Nasdaq 100 e-minis  were up  23.25points, or 0.14%.Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.Stocks making the biggest moves premarket: Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.JetBlue (JBLU) – The airline cut nearly 1,300 flights from its schedule through January 13, as it deals with a surge in Covid-19 infections among its flight staff. JetBlue was down 1% in premarket action.Didi Global (DIDI) – The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.R.R. Donnelley (RRD) – The business communications and marketing services company received an unsolicited, non-binding acquisition proposal at $11 per share in cash. R.R. Donnelley already has an agreement in place to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Donnelley shares jumped 3.1% in premarket trading.Virgin Orbit (VORB) – The satellite-launching spin-off of space travel company Virgin Galactic will begin trading under the Virgin Orbit name and ticker on Nasdaq today after shareholders of blank-check company NextGen Acquisition Corp. II approved the merger earlier this week.Micron Technology (MU) – The memory chip maker’s stock lost 1.5% in the premarket after it warned that Covid-19 curbs in China’s Xian tech hub would impact production. Samsung Electronics – which is also one of the world’s biggest memory chip makers, issued a similar warning.Johnson & Johnson (JNJ) – A booster dose of the J&J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.Microstrategy (MSTR) – The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003393991,"gmtCreate":1640872446354,"gmtModify":1676533549515,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"Thanks for the update","listText":"Thanks for the update","text":"Thanks for the update","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003393991","repostId":"1103993571","repostType":4,"repost":{"id":"1103993571","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640871757,"share":"https://ttm.financial/m/news/1103993571?lang=&edition=fundamental","pubTime":"2021-12-30 21:42","market":"us","language":"en","title":"8 Biggest Price Target Changes For Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1103993571","media":"Benzinga","summary":"Raymond James boosted the price target on Saia, Inc. (NASDAQ:SAIA) from $330 to $350. Saia shares ro","content":"<html><head></head><body><p>Raymond James boosted the price target on Saia, Inc. (NASDAQ:SAIA) from $330 to $350. Saia shares rose 1.6% to close at $335.41 on Wednesday.</p><p>Credit Suisse cut the price target on CURO Group Holdings Corp. (NYSE:CURO) from $29 to $26. CURO Group shares fell 5.5% to close at $15.95 on Wednesday.</p><p>Raymond James lifted Old Dominion Freight Line, Inc. (NASDAQ:ODFL) price target from $345 to $380. Old Dominion Freight Line shares rose 0.1% to $361.08 in pre-market trading.</p><p>Canaccord Genuity lowered FuelCell Energy, Inc. (NASDAQ:FCEL) price target from $7 to $5.5. FuelCell Energy shares fell 1.6% to $5.03 in pre-market trading.</p><p>Raymond James lifted the price target on Knight-Swift Transportation Holdings Inc. (NYSE:KNX) from $62 to $65. Knight-Swift Transportation shares rose 0.1% to $61.70 in pre-market trading.</p><p>Stephens &amp; Co. raised Ameris Bancorp (NASDAQ:ABCB) price target from $56 to $57. Ameris Bancorp shares gained 0.4% to close at $50.25 on Wednesday.</p><p>Raymond James boosted Forward Air Corporation (NASDAQ:FWRD) price target from $135 to $145. Forward Air shares rose 0.8% to close at $120.89 on Wednesday.</p><p>Raymond James raised the price target for XPO Logistics, Inc. (NYSE:XPO) from $100 to $102. XPO Logistics shares rose 0.2% to $77.37 in pre-market trading.</p></body></html>","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>8 Biggest Price Target Changes For Thursday</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\">\n8 Biggest Price Target Changes For Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-12-30 21:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Raymond James boosted the price target on Saia, Inc. (NASDAQ:SAIA) from $330 to $350. Saia shares rose 1.6% to close at $335.41 on Wednesday.</p><p>Credit Suisse cut the price target on CURO Group Holdings Corp. (NYSE:CURO) from $29 to $26. CURO Group shares fell 5.5% to close at $15.95 on Wednesday.</p><p>Raymond James lifted Old Dominion Freight Line, Inc. (NASDAQ:ODFL) price target from $345 to $380. Old Dominion Freight Line shares rose 0.1% to $361.08 in pre-market trading.</p><p>Canaccord Genuity lowered FuelCell Energy, Inc. (NASDAQ:FCEL) price target from $7 to $5.5. FuelCell Energy shares fell 1.6% to $5.03 in pre-market trading.</p><p>Raymond James lifted the price target on Knight-Swift Transportation Holdings Inc. (NYSE:KNX) from $62 to $65. Knight-Swift Transportation shares rose 0.1% to $61.70 in pre-market trading.</p><p>Stephens &amp; Co. raised Ameris Bancorp (NASDAQ:ABCB) price target from $56 to $57. Ameris Bancorp shares gained 0.4% to close at $50.25 on Wednesday.</p><p>Raymond James boosted Forward Air Corporation (NASDAQ:FWRD) price target from $135 to $145. Forward Air shares rose 0.8% to close at $120.89 on Wednesday.</p><p>Raymond James raised the price target for XPO Logistics, Inc. (NYSE:XPO) from $100 to $102. XPO Logistics shares rose 0.2% to $77.37 in pre-market trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KNX":"Knight Transportation Inc","ABCB":"ABC银行","FCEL":"燃料电池能源","ODFL":"Old Dominion Freight Line","FWRD":"福沃运输","SAIA":"Saia Inc.","XPO":"XPO Logistics"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103993571","content_text":"Raymond James boosted the price target on Saia, Inc. (NASDAQ:SAIA) from $330 to $350. Saia shares rose 1.6% to close at $335.41 on Wednesday.Credit Suisse cut the price target on CURO Group Holdings Corp. (NYSE:CURO) from $29 to $26. CURO Group shares fell 5.5% to close at $15.95 on Wednesday.Raymond James lifted Old Dominion Freight Line, Inc. (NASDAQ:ODFL) price target from $345 to $380. Old Dominion Freight Line shares rose 0.1% to $361.08 in pre-market trading.Canaccord Genuity lowered FuelCell Energy, Inc. (NASDAQ:FCEL) price target from $7 to $5.5. FuelCell Energy shares fell 1.6% to $5.03 in pre-market trading.Raymond James lifted the price target on Knight-Swift Transportation Holdings Inc. (NYSE:KNX) from $62 to $65. Knight-Swift Transportation shares rose 0.1% to $61.70 in pre-market trading.Stephens & Co. raised Ameris Bancorp (NASDAQ:ABCB) price target from $56 to $57. Ameris Bancorp shares gained 0.4% to close at $50.25 on Wednesday.Raymond James boosted Forward Air Corporation (NASDAQ:FWRD) price target from $135 to $145. Forward Air shares rose 0.8% to close at $120.89 on Wednesday.Raymond James raised the price target for XPO Logistics, Inc. (NYSE:XPO) from $100 to $102. XPO Logistics shares rose 0.2% to $77.37 in pre-market trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248685121183960,"gmtCreate":1701752065439,"gmtModify":1701752070356,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"I sold my PayPal shares because of bearish commitments from them&nbsp; now i regret 🙃&nbsp;","listText":"I sold my PayPal shares because of bearish commitments from them&nbsp; now i regret 🙃&nbsp;","text":"I sold my PayPal shares because of bearish commitments from them now i regret 🙃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/248685121183960","repostId":"2389765512","repostType":2,"repost":{"id":"2389765512","kind":"highlight","pubTimestamp":1701748450,"share":"https://ttm.financial/m/news/2389765512?lang=&edition=fundamental","pubTime":"2023-12-05 11:54","market":"us","language":"en","title":"Warning Signal: 3 Growth Stocks to Avoid at All Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2389765512","media":"InvestorPlace","summary":"Investors should plan to sell these stocks if the market turns south, even though they saw major upside potential during past bull runs.","content":"<html><head></head><body><ul style=\"\"><li><p>Strongly reconsider these growth stocks in this current economic backdrop.</p></li><li><p><strong>Coinbase </strong>(<strong>COIN</strong>): Crypto has had a nice run, but investors need to remember this is a stock that lost 90% of its value during the last bear market.</p></li><li><p><strong>Virgin Galactic </strong>(<strong>SPCE</strong>): The space company has been downgraded for a number of important reasons.</p></li><li><p><strong>Peloton </strong>(<strong>PTON</strong>): The core business model is one in which long-term investors may have trouble accepting. </p></li></ul><p>Investing in growth stocks has proved to be the winning strategy over the past 15 years. However, investors have also seen the downside of owning speculative growth names during downturns. For instance, the one we saw in 2022 as interest rates climbed higher suddenly comes to mind.</p><p>Indeed, the well-established negative correlation between rising interest rates and high-performing growth stocks led to an expected price decline in the following. True, 2023 has been a much better year across the board for some high-growth stocks. But two of the following names remain down on a year-to-date basis (<strong>YTD</strong>).</p><p>Thus, investors looking to gain a more defensive exposure right now may want to avoid these growth stocks at all costs. It may not be another 2022-like decline, given how far these stocks are down from their peak.</p><p>However, we could be in for a difficult few years in the growth realm, so diversifying away from these stocks may be a winning strategy.</p><h2 id=\"id_1589181565\">Coinbase (COIN)</h2><p>On November 27, 2023, <strong>Coinbase </strong>(NASDAQ: <strong><u>COIN</u></strong>) Global Inc.’s Chief Legal Officer Paul Grewal executed a significant stock sale, parting with 29,607 shares. This notable transaction garnered attention from investors and analysts. Grewal’s background is in technology and intellectual property law. So, he plays a crucial role in overseeing legal affairs and regulatory compliance for Coinbase. Truly, his expertise has been vital in navigating the intricate regulatory landscape of the cryptocurrency industry.</p><p>Insider selling activity is hard to pinpoint as a fundamental catalyst or reason for investors to sell. However, the company’s recent Q3 results have led to some concern among investors who have been betting on this stock as a way to play the recent crypto rally.</p><p>In fact, after releasing the company’s most recent report, shares fell 5% as investors priced in the potential for increased regulatory headwinds. Ongoing SEC-related concerns continue to hamper the stock. Indeed, this narrative could bleed into next year and potentially 2025, given the slow pace of regulators thus far.</p><p>With negative margins, projected losses, and financial metrics concerns, Coinbase’s management faces competition challenges. <em>GuruFocus</em> ranks this stock as a 3 out of 10 for profitability and 4 out of 10 for financial strength, indicating room for improvement.</p><h2 id=\"id_3147019777\">Virgin Galactic Holdings</h2><p>The once-soaring <strong>Virgin Galactic </strong>(NYSE: <strong><u>SPCE</u></strong>) faced challenges as the reality of routine space tourism unfolded. The company’s recent business plan emphasizes heavy investment and minimal revenue. So, this led to a downgrade by Morgan Stanley analyst Kristine Liwag, citing concerns and a lowered price target.</p><p>Virgin Galactic faced financial challenges in Q2 with operating expenses of $141 million surpassing revenue. Research and development costs for the Delta Class spaceship were a major driver. Unfortunately, it resulted in negative adjusted EBITDA of $116 million. The company’s negative cash flow of $135 million has raised liquidity concerns, emphasizing the need for profitability and financial sustainability.</p><p>Virgin Galactic’s success hinged on the Delta Class spaceships. So, any setbacks in their development, such as delays, technical issues, or cost overruns, could impede growth and profitability. And that would make it a stock to consider selling.</p><h2 id=\"id_2914344080\">Peloton (PTON)</h2><p><strong>Peloton</strong> (NASDAQ: <strong><u>PTON</u></strong>) is a stock that’s been broadly viewed as one worth avoiding in recent years.</p><p>The company’s core business model involves investing heavily in ramping up its inventory of exercise bicycles. And they did so during the pandemic as well as offering expanded classes. But this has given way to serious concerns around churn and the company’s financials. Growth has ground to a halt, and investors looking for a reason to buy this stock don’t have much to hang their hats on right now.</p><p>Peloton’s role in promoting fitness amid the pandemic shines amid financial challenges. However, its strategy of boosting bike prices and classes overshadows sustainable growth. The company’s meteoric rise and subsequent decline echo pandemic trends. That became evident in a Q1 FY 2024 loss of $159.3 million and a 3% revenue dip to $595.5 million, highlighting ongoing struggles. </p><p>Notably, PTON stock recently declined due to a report from Deutsche Bank analyst Lee Horowitz, who downgraded it from buy to hold. He slashed the price target from $13 to $4, indicating a potential 25.5% downside. This move aligns with the consensus rating based on 28 opinions. Thus, this is a stock to sell, or at least be cautious with, at current levels.</p></body></html>","source":"investorplace_stock_picks","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>Warning Signal: 3 Growth Stocks to Avoid at All Costs</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\">\nWarning Signal: 3 Growth Stocks to Avoid at All Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-05 11:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/12/warning-signal-3-growth-stocks-to-avoid-at-all-costs/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strongly reconsider these growth stocks in this current economic backdrop.Coinbase (COIN): Crypto has had a nice run, but investors need to remember this is a stock that lost 90% of its value during ...</p>\n\n<a href=\"https://investorplace.com/2023/12/warning-signal-3-growth-stocks-to-avoid-at-all-costs/\">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.","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","BK4562":"SPAC上市公司","BK4190":"消闲用品","BK4539":"次新股","BK4564":"太空概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PTON":"Peloton Interactive, Inc.","BK4187":"航天航空与国防","BK4585":"ETF&股票定投概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4566":"资本集团","SPCE":"维珍银河","BK4535":"淡马锡持仓","BK4588":"碎股","BK4551":"寇图资本持仓"},"source_url":"https://investorplace.com/2023/12/warning-signal-3-growth-stocks-to-avoid-at-all-costs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2389765512","content_text":"Strongly reconsider these growth stocks in this current economic backdrop.Coinbase (COIN): Crypto has had a nice run, but investors need to remember this is a stock that lost 90% of its value during the last bear market.Virgin Galactic (SPCE): The space company has been downgraded for a number of important reasons.Peloton (PTON): The core business model is one in which long-term investors may have trouble accepting. Investing in growth stocks has proved to be the winning strategy over the past 15 years. However, investors have also seen the downside of owning speculative growth names during downturns. For instance, the one we saw in 2022 as interest rates climbed higher suddenly comes to mind.Indeed, the well-established negative correlation between rising interest rates and high-performing growth stocks led to an expected price decline in the following. True, 2023 has been a much better year across the board for some high-growth stocks. But two of the following names remain down on a year-to-date basis (YTD).Thus, investors looking to gain a more defensive exposure right now may want to avoid these growth stocks at all costs. It may not be another 2022-like decline, given how far these stocks are down from their peak.However, we could be in for a difficult few years in the growth realm, so diversifying away from these stocks may be a winning strategy.Coinbase (COIN)On November 27, 2023, Coinbase (NASDAQ: COIN) Global Inc.’s Chief Legal Officer Paul Grewal executed a significant stock sale, parting with 29,607 shares. This notable transaction garnered attention from investors and analysts. Grewal’s background is in technology and intellectual property law. So, he plays a crucial role in overseeing legal affairs and regulatory compliance for Coinbase. Truly, his expertise has been vital in navigating the intricate regulatory landscape of the cryptocurrency industry.Insider selling activity is hard to pinpoint as a fundamental catalyst or reason for investors to sell. However, the company’s recent Q3 results have led to some concern among investors who have been betting on this stock as a way to play the recent crypto rally.In fact, after releasing the company’s most recent report, shares fell 5% as investors priced in the potential for increased regulatory headwinds. Ongoing SEC-related concerns continue to hamper the stock. Indeed, this narrative could bleed into next year and potentially 2025, given the slow pace of regulators thus far.With negative margins, projected losses, and financial metrics concerns, Coinbase’s management faces competition challenges. GuruFocus ranks this stock as a 3 out of 10 for profitability and 4 out of 10 for financial strength, indicating room for improvement.Virgin Galactic HoldingsThe once-soaring Virgin Galactic (NYSE: SPCE) faced challenges as the reality of routine space tourism unfolded. The company’s recent business plan emphasizes heavy investment and minimal revenue. So, this led to a downgrade by Morgan Stanley analyst Kristine Liwag, citing concerns and a lowered price target.Virgin Galactic faced financial challenges in Q2 with operating expenses of $141 million surpassing revenue. Research and development costs for the Delta Class spaceship were a major driver. Unfortunately, it resulted in negative adjusted EBITDA of $116 million. The company’s negative cash flow of $135 million has raised liquidity concerns, emphasizing the need for profitability and financial sustainability.Virgin Galactic’s success hinged on the Delta Class spaceships. So, any setbacks in their development, such as delays, technical issues, or cost overruns, could impede growth and profitability. And that would make it a stock to consider selling.Peloton (PTON)Peloton (NASDAQ: PTON) is a stock that’s been broadly viewed as one worth avoiding in recent years.The company’s core business model involves investing heavily in ramping up its inventory of exercise bicycles. And they did so during the pandemic as well as offering expanded classes. But this has given way to serious concerns around churn and the company’s financials. Growth has ground to a halt, and investors looking for a reason to buy this stock don’t have much to hang their hats on right now.Peloton’s role in promoting fitness amid the pandemic shines amid financial challenges. However, its strategy of boosting bike prices and classes overshadows sustainable growth. The company’s meteoric rise and subsequent decline echo pandemic trends. That became evident in a Q1 FY 2024 loss of $159.3 million and a 3% revenue dip to $595.5 million, highlighting ongoing struggles. Notably, PTON stock recently declined due to a report from Deutsche Bank analyst Lee Horowitz, who downgraded it from buy to hold. He slashed the price target from $13 to $4, indicating a potential 25.5% downside. This move aligns with the consensus rating based on 28 opinions. Thus, this is a stock to sell, or at least be cautious with, at current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4088891672387600","authorId":"4088891672387600","name":"ItryInvestin","avatar":"https://community-static.tradeup.com/news/6d48b1f1f9416499d30381f2d7fa2815","crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"4088891672387600","idStr":"4088891672387600"},"content":"Dont ever listen to news","text":"Dont ever listen to news","html":"Dont ever listen to news"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003399713,"gmtCreate":1640872413422,"gmtModify":1676533549515,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003399713","repostId":"1124654828","repostType":4,"repost":{"id":"1124654828","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1640867553,"share":"https://ttm.financial/m/news/1124654828?lang=&edition=fundamental","pubTime":"2021-12-30 20:32","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1124654828","media":"Tiger Newspress","summary":"U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant p","content":"<html><head></head><body><p>U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant put the S&amp;P 500 and the Dow on track to extend record-setting runs, with focus turning to a weekly jobless report to gauge the country&#39;s economic health.</p><p>At 8:33 a.m. ET, Dow e-minis  were up 51points, or 0.14%, S&amp;P 500 e-minis  were up 6.5 points, or 0.14%, and Nasdaq 100 e-minis  were up  23.25points, or 0.14%.</p><p><img src=\"https://static.tigerbbs.com/cd072b4fef09af886d7362cbdbad3381\" tg-width=\"360\" tg-height=\"165\" referrerpolicy=\"no-referrer\"/></p><p>Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.</p><p>Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.</p><p>When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.</p><p><b>Stocks making the biggest moves premarket: </b></p><p>Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.</p><p></p><p>JetBlue (JBLU) – The airline cut nearly 1,300 flights from its schedule through January 13, as it deals with a surge in Covid-19 infections among its flight staff. JetBlue was down 1% in premarket action.</p><p></p><p>Didi Global (DIDI) – The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.</p><p></p><p>R.R. Donnelley (RRD) – The business communications and marketing services company received an unsolicited, non-binding acquisition proposal at $11 per share in cash. R.R. Donnelley already has an agreement in place to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Donnelley shares jumped 3.1% in premarket trading.</p><p></p><p>Virgin Orbit (VORB) – The satellite-launching spin-off of space travel company Virgin Galactic will begin trading under the Virgin Orbit name and ticker on Nasdaq today after shareholders of blank-check company NextGen Acquisition Corp. II approved the merger earlier this week.</p><p></p><p>Micron Technology (MU) – The memory chip maker’s stock lost 1.5% in the premarket after it warned that Covid-19 curbs in China’s Xian tech hub would impact production. Samsung Electronics – which is also one of the world’s biggest memory chip makers, issued a similar warning.</p><p></p><p>Johnson &amp; Johnson (JNJ) – A booster dose of the J&amp;J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.</p><p></p><p>Microstrategy (MSTR) – The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.</p></body></html>","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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-30 20:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant put the S&amp;P 500 and the Dow on track to extend record-setting runs, with focus turning to a weekly jobless report to gauge the country&#39;s economic health.</p><p>At 8:33 a.m. ET, Dow e-minis  were up 51points, or 0.14%, S&amp;P 500 e-minis  were up 6.5 points, or 0.14%, and Nasdaq 100 e-minis  were up  23.25points, or 0.14%.</p><p><img src=\"https://static.tigerbbs.com/cd072b4fef09af886d7362cbdbad3381\" tg-width=\"360\" tg-height=\"165\" referrerpolicy=\"no-referrer\"/></p><p>Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.</p><p>Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.</p><p>When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.</p><p><b>Stocks making the biggest moves premarket: </b></p><p>Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.</p><p></p><p>JetBlue (JBLU) – The airline cut nearly 1,300 flights from its schedule through January 13, as it deals with a surge in Covid-19 infections among its flight staff. JetBlue was down 1% in premarket action.</p><p></p><p>Didi Global (DIDI) – The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.</p><p></p><p>R.R. Donnelley (RRD) – The business communications and marketing services company received an unsolicited, non-binding acquisition proposal at $11 per share in cash. R.R. Donnelley already has an agreement in place to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Donnelley shares jumped 3.1% in premarket trading.</p><p></p><p>Virgin Orbit (VORB) – The satellite-launching spin-off of space travel company Virgin Galactic will begin trading under the Virgin Orbit name and ticker on Nasdaq today after shareholders of blank-check company NextGen Acquisition Corp. II approved the merger earlier this week.</p><p></p><p>Micron Technology (MU) – The memory chip maker’s stock lost 1.5% in the premarket after it warned that Covid-19 curbs in China’s Xian tech hub would impact production. Samsung Electronics – which is also one of the world’s biggest memory chip makers, issued a similar warning.</p><p></p><p>Johnson &amp; Johnson (JNJ) – A booster dose of the J&amp;J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.</p><p></p><p>Microstrategy (MSTR) – The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RRD":"当纳利",".DJI":"道琼斯","MU":"美光科技","VORB":"维珍轨道","DIDI":"滴滴(已退市)",".IXIC":"NASDAQ Composite","BIIB":"渤健公司","JBLU":"捷蓝航空",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124654828","content_text":"U.S. stock index futures rose marginally on Thursday, as easing worries around the Omicron variant put the S&P 500 and the Dow on track to extend record-setting runs, with focus turning to a weekly jobless report to gauge the country's economic health.At 8:33 a.m. ET, Dow e-minis  were up 51points, or 0.14%, S&P 500 e-minis  were up 6.5 points, or 0.14%, and Nasdaq 100 e-minis  were up  23.25points, or 0.14%.Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.Stocks making the biggest moves premarket: Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.JetBlue (JBLU) – The airline cut nearly 1,300 flights from its schedule through January 13, as it deals with a surge in Covid-19 infections among its flight staff. JetBlue was down 1% in premarket action.Didi Global (DIDI) – The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.R.R. Donnelley (RRD) – The business communications and marketing services company received an unsolicited, non-binding acquisition proposal at $11 per share in cash. R.R. Donnelley already has an agreement in place to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Donnelley shares jumped 3.1% in premarket trading.Virgin Orbit (VORB) – The satellite-launching spin-off of space travel company Virgin Galactic will begin trading under the Virgin Orbit name and ticker on Nasdaq today after shareholders of blank-check company NextGen Acquisition Corp. II approved the merger earlier this week.Micron Technology (MU) – The memory chip maker’s stock lost 1.5% in the premarket after it warned that Covid-19 curbs in China’s Xian tech hub would impact production. Samsung Electronics – which is also one of the world’s biggest memory chip makers, issued a similar warning.Johnson & Johnson (JNJ) – A booster dose of the J&J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.Microstrategy (MSTR) – The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371096645234888,"gmtCreate":1731638893156,"gmtModify":1731664515309,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately,&nbsp; why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company&nbsp; must be responsible and accountable to their shareholders right? Because we trust and invest,&nbsp; in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors.&nbsp; I also noticed seeking alfa many times Confess \"I was wrong\" . Pushing others to a disaster!","listText":"Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately,&nbsp; why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company&nbsp; must be responsible and accountable to their shareholders right? Because we trust and invest,&nbsp; in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors.&nbsp; I also noticed seeking alfa many times Confess \"I was wrong\" . Pushing others to a disaster!","text":"Ridiculous, asking people to board a sinking ship??? Just he already boarded??? If there is no problem with them they should prove that immediately, why should an outsider suggest there is no issue?? I already lost nearly 3k in this company. A company must be responsible and accountable to their shareholders right? Because we trust and invest, in return they never respect our hard earnedmoney! I strongly suggest Tiger to remove this sort of recommendation from the analysts and reprove them to protect innocent investors. I also noticed seeking alfa many times Confess \"I was wrong\" . Pushing others to a disaster!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371096645234888","repostId":"1165124291","repostType":2,"repost":{"id":"1165124291","kind":"news","pubTimestamp":1731599503,"share":"https://ttm.financial/m/news/1165124291?lang=&edition=fundamental","pubTime":"2024-11-14 23:51","market":"us","language":"en","title":"Super Micro Computer: I Am Greedy While Others Are Fearful","url":"https://stock-news.laohu8.com/highlight/detail?id=1165124291","media":"Seeking Alpha","summary":"SummarySuper Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity.D","content":"<html><head></head><body><h2 id=\"id_1975904538\">Summary</h2><ul style=\"\"><li><p>Super Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity.</p></li><li><p>Despite reputational challenges, SMCI&#39;s partnerships with NVIDIA and AMD affirm its credibility and operational integrity, bolstering confidence in its financial reports.</p></li><li><p>Preliminary FQ1 2025 results show robust revenue growth and improved margins, driven by strong AI GPU platform demand, indicating solid business fundamentals.</p></li><li><p>Valuation analysis suggests a fair share price of $90, highlighting substantial upside potential from current levels, making SMCI a compelling opportunity.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e678235f3d3a4c30f6900e649543eed9\" alt=\"Supermicro headquarters in San Jose, California, USA\" title=\"Supermicro headquarters in San Jose, California, USA\" tg-width=\"750\" tg-height=\"500\"/><span>Supermicro headquarters in San Jose, California, USA</span></p><h2 id=\"id_392237773\">Introduction</h2><p>Super Micro Computer (NASDAQ:SMCI) is still dropping, and is five times cheaper than its March 2024 peak. The company is still generating exponential revenue growth and increasing EPS. However, the stock price suggests that concerns about SMCI&#39;s accounting inaccuracy overshadow robust business expansion.</p><p>I am not happy that the stock plunged by 63% since my August bullish call, as I have skin in the game. I have been buying aggressively since the stock started tanking in late August, meaning that I have a substantial SMCI position. I also worry about the recent auditor resignation and there is a lot of uncertainty in the FY2024 10-K report release timing. Yet, the stock is so cheap that it provides an excellent opportunity to double down. The preliminary earnings for the latest quarter were released a week ago. It is very hard to imagine that the management would risk presenting an unfair view of SMCI&#39;s financial performance, given the panic around the stock and the reported DOJ investigation.</p><p>The deeply low 14-day RSI reading shows how very spooked the market is over SMCI. This makes me greedy. I tend to believe that allegations of accounting manipulations are exaggerated. Therefore, I still consider SMCI a &#39;Strong Buy&#39;.</p><h2 id=\"id_3077953962\">Fundamental analysis</h2><p>SMCI has recently encountered several significant reputational challenges. This began with a late-August opinions from some analysts that questioned the trustworthiness of SMCI&#39;s financial statements and the management&#39;s integrity. The company then failed to file its 10-K report on time, and there are reports of a DOJ investigation regarding allegations around accounting manipulations. As a result of all these adverse events, the stock price decreased by more than 60% since late August.</p><p>The company has recently released its FQ1 2025 preliminary results and FQ2 2025 guidance, with robust revenue and EPS growth. I tend to trust in the accuracy of this release, despite the aforementioned allegations. There are two big reasons for such confidence.</p><p>The first is that it is hard to imagine that a company under public pressure and scrutiny would manipulate its financials. Second, no major semiconductor companies have separated from SMCI and continue to call SMCI their partner. It has been rumored that Nvidia is taking orders away from SMCI, but I tend to go with what the companies say on their website.</p><p>On October 15, Nvidia announced a new partnership with SMCI. The expanded collaboration highlights the integration of Nvidia&#39;s BlueField data processing unit (&#39;DPU&#39;) into SMCI&#39;s storage solutions. This factor highlights Nvidia&#39;s confidence in SMCI&#39;s trustworthiness. Furthermore, a presentation endorsing SMCI is still available on AMD&#39;s official website. I might be missing something, but Nvidia and AMD appear to be companies with flawless reputations. Thus, it is highly unlikely that Jensen Huang or Lisa Su would risk their reputations by supporting collaboration with a company with questionable integrity or operational practices. There is also a separate page on Intel&#39;s website dedicated to endorse SMCI&#39;s offerings.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e915ca85bac0b07cb94d9f717e09bebb\" alt=\"SA\" title=\"SA\" tg-width=\"617\" tg-height=\"311\"/><span>SA</span></p><p></p><p>Therefore, I consider the preliminary earnings announcement as trustworthy. According to preliminary results, revenue for FQ1 ranged from $5.9 billion to $6 billion, representing an 181% year-over-year increase. The growth was primarily driven by strong demand for AI GPU platforms. SMCI&#39;s non-GAAP gross margin has improved quarter-over-quarter from 11.3% to 13.3%. The profitability expansion was powered by favorable shifts in the product and customer mix.</p><p>The FQ2 guidance also looks robust, with the projected range from $5.5 billion to $6.1 billion. The $5.8 billion midpoint level is 58% higher compared to the same quarter of FY2024. The guidance fell short of Wall Street expectations, but this looks explainable, as the management cites low Blackwell GPU availability due to high demand. So, the problem looks temporary.</p><p>Secular trends are still strong as cloud giants look unwilling to cool down their data center spending spree. Amazon plans to invest another billion+ in Italian data centers and has recently bought 350 acres for data center in Becker. Google&#39;s plans to invest much more in data centers over the long term are apparent after the company announced that it is buying nuclear reactors to meet the energy demand of its current and future data centers. Microsoft also recognizes the potential for data center expansion and is already incorporating sustainable solutions to minimize its environmental footprint. Thus, the industry is thriving and evolving rapidly, providing a strong tailwind for SMCI.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c88485771692e0f540617907c77cd416\" alt=\"\" title=\"\" tg-width=\"635\" tg-height=\"424\"/></p><p></p><p>The stock is significantly oversold, with its 14-day RSI indicator at a historically low level of 27. While the market seems extremely fearful about SMCI, I prefer to set emotions aside. The world&#39;s largest semiconductor companies, which undoubtedly value their reputations, continue to work closely with SMCI, suggesting that the allegations are likely overestimated. Furthermore, the company is already under significant public pressure and scrutiny, making accounting manipulations around the latest preliminary quarterly earnings release extremely unlikely.</p><h2 id=\"id_1000083254\">Valuation analysis</h2><p>As I mentioned, the stock is now significantly cheaper than it was in late August, and such a plunge is explained by fears of the market regarding accounting manipulation allegations. However, since I outlined why I believe that these fears are highly likely exaggerated, I plan to rely on long-term consensus revenue projections to build my DCF model. The zero FCF margin for the base year reflects the company&#39;s aggressive CapEx spending to address soaring demand. For the years after FY2025, I reiterate the same trajectory of the metric expanding by 200 basis points yearly. To balance out an aggressive FCF margin assumption, I use a very conservative 2% constant growth rate to calculate terminal value (&#39;TV&#39;). I use an 8% WACC to discount future cash flows.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ad7a5df190b39226ec84be40cfeb92e3\" alt=\"Calculated by the author\" title=\"Calculated by the author\" tg-width=\"640\" tg-height=\"296\"/><span>Calculated by the author</span></p><p></p><p>The first simulation indicates a fair share price of approximately $90, which is almost four times higher compared to the current share price. Thus, fears around the stock made it extremely cheap.</p><p>The fair value estimation approaches the current share price only if unrealistically pessimistic assumptions are incorporated. The fair share price is around $23 when I apply a 1% constant growth rate and a very low 3% revenue CAGR for the next five years, with the FCF margin expanding by only 100 basis points annually.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/eac69b7345c3cdf59226b894d21ac6c7\" alt=\"Calculated by the author\" title=\"Calculated by the author\" tg-width=\"640\" tg-height=\"294\"/><span>Calculated by the author</span></p><p></p><p>With that said, I believe SMCI is very attractively valued. My target price is $90 per share, which is close to mid-summer 2024 levels, making such upside potential realistic.</p><h2 id=\"id_1906077690\">Mitigating factors</h2><p>Official communication is crucial in emergency cases threatening the image of a business, such as those experienced by SMCI over the last few months. In my opinion, the management could have handled the situation in a smoother way. As a result, it seems that the stock crash would not have been as bad. There is still no indication of when the company’s FY2024 10-K report will be published, which creates room for possible new bad-looking headlines. This might just set off another bearish market wave if the communication approach between the management and investors remains the same.</p><p>Additionally, the past precedent of delisting in 2019 due to accounting issues remains a concern. According to the official information from SMCI, the management is still unable to share the expected date of the 10-K filing, which increases risks of failing to comply with Nasdaq listing rules. However, I believe that the company&#39;s efforts to engage a new auditor will mitigate the risk. The completion of the Special Committee&#39;s investigation, which found no evidence of fraud or misconduct, is a positive step towards resolving this adverse situation.</p><h2 id=\"id_3728447271\">Conclusion</h2><p>As an investor, I prefer to set emotions aside and focus on the facts. A company that has faces intense public scrutiny is almost certainly not going to play along with its accounting books. This factor makes the recent preliminary FQ1 2025 earnings release is a reliable informational tool. I am also extremely skeptical that Nvidia, AMD, or Intel would continue supporting SMCI as a crucial technological partner if there was really something wrong with it.</p></body></html>","source":"seekingalpha_fund","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>Super Micro Computer: I Am Greedy While Others Are Fearful</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\">\nSuper Micro Computer: I Am Greedy While Others Are Fearful\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 23:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4736805-super-micro-computer-stock-substantial-upside-potential-compelling-opportunity><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySuper Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity....</p>\n\n<a href=\"https://seekingalpha.com/article/4736805-super-micro-computer-stock-substantial-upside-potential-compelling-opportunity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"https://seekingalpha.com/article/4736805-super-micro-computer-stock-substantial-upside-potential-compelling-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165124291","content_text":"SummarySuper Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity.Despite reputational challenges, SMCI's partnerships with NVIDIA and AMD affirm its credibility and operational integrity, bolstering confidence in its financial reports.Preliminary FQ1 2025 results show robust revenue growth and improved margins, driven by strong AI GPU platform demand, indicating solid business fundamentals.Valuation analysis suggests a fair share price of $90, highlighting substantial upside potential from current levels, making SMCI a compelling opportunity.Supermicro headquarters in San Jose, California, USAIntroductionSuper Micro Computer (NASDAQ:SMCI) is still dropping, and is five times cheaper than its March 2024 peak. The company is still generating exponential revenue growth and increasing EPS. However, the stock price suggests that concerns about SMCI's accounting inaccuracy overshadow robust business expansion.I am not happy that the stock plunged by 63% since my August bullish call, as I have skin in the game. I have been buying aggressively since the stock started tanking in late August, meaning that I have a substantial SMCI position. I also worry about the recent auditor resignation and there is a lot of uncertainty in the FY2024 10-K report release timing. Yet, the stock is so cheap that it provides an excellent opportunity to double down. The preliminary earnings for the latest quarter were released a week ago. It is very hard to imagine that the management would risk presenting an unfair view of SMCI's financial performance, given the panic around the stock and the reported DOJ investigation.The deeply low 14-day RSI reading shows how very spooked the market is over SMCI. This makes me greedy. I tend to believe that allegations of accounting manipulations are exaggerated. Therefore, I still consider SMCI a 'Strong Buy'.Fundamental analysisSMCI has recently encountered several significant reputational challenges. This began with a late-August opinions from some analysts that questioned the trustworthiness of SMCI's financial statements and the management's integrity. The company then failed to file its 10-K report on time, and there are reports of a DOJ investigation regarding allegations around accounting manipulations. As a result of all these adverse events, the stock price decreased by more than 60% since late August.The company has recently released its FQ1 2025 preliminary results and FQ2 2025 guidance, with robust revenue and EPS growth. I tend to trust in the accuracy of this release, despite the aforementioned allegations. There are two big reasons for such confidence.The first is that it is hard to imagine that a company under public pressure and scrutiny would manipulate its financials. Second, no major semiconductor companies have separated from SMCI and continue to call SMCI their partner. It has been rumored that Nvidia is taking orders away from SMCI, but I tend to go with what the companies say on their website.On October 15, Nvidia announced a new partnership with SMCI. The expanded collaboration highlights the integration of Nvidia's BlueField data processing unit ('DPU') into SMCI's storage solutions. This factor highlights Nvidia's confidence in SMCI's trustworthiness. Furthermore, a presentation endorsing SMCI is still available on AMD's official website. I might be missing something, but Nvidia and AMD appear to be companies with flawless reputations. Thus, it is highly unlikely that Jensen Huang or Lisa Su would risk their reputations by supporting collaboration with a company with questionable integrity or operational practices. There is also a separate page on Intel's website dedicated to endorse SMCI's offerings.SATherefore, I consider the preliminary earnings announcement as trustworthy. According to preliminary results, revenue for FQ1 ranged from $5.9 billion to $6 billion, representing an 181% year-over-year increase. The growth was primarily driven by strong demand for AI GPU platforms. SMCI's non-GAAP gross margin has improved quarter-over-quarter from 11.3% to 13.3%. The profitability expansion was powered by favorable shifts in the product and customer mix.The FQ2 guidance also looks robust, with the projected range from $5.5 billion to $6.1 billion. The $5.8 billion midpoint level is 58% higher compared to the same quarter of FY2024. The guidance fell short of Wall Street expectations, but this looks explainable, as the management cites low Blackwell GPU availability due to high demand. So, the problem looks temporary.Secular trends are still strong as cloud giants look unwilling to cool down their data center spending spree. Amazon plans to invest another billion+ in Italian data centers and has recently bought 350 acres for data center in Becker. Google's plans to invest much more in data centers over the long term are apparent after the company announced that it is buying nuclear reactors to meet the energy demand of its current and future data centers. Microsoft also recognizes the potential for data center expansion and is already incorporating sustainable solutions to minimize its environmental footprint. Thus, the industry is thriving and evolving rapidly, providing a strong tailwind for SMCI.The stock is significantly oversold, with its 14-day RSI indicator at a historically low level of 27. While the market seems extremely fearful about SMCI, I prefer to set emotions aside. The world's largest semiconductor companies, which undoubtedly value their reputations, continue to work closely with SMCI, suggesting that the allegations are likely overestimated. Furthermore, the company is already under significant public pressure and scrutiny, making accounting manipulations around the latest preliminary quarterly earnings release extremely unlikely.Valuation analysisAs I mentioned, the stock is now significantly cheaper than it was in late August, and such a plunge is explained by fears of the market regarding accounting manipulation allegations. However, since I outlined why I believe that these fears are highly likely exaggerated, I plan to rely on long-term consensus revenue projections to build my DCF model. The zero FCF margin for the base year reflects the company's aggressive CapEx spending to address soaring demand. For the years after FY2025, I reiterate the same trajectory of the metric expanding by 200 basis points yearly. To balance out an aggressive FCF margin assumption, I use a very conservative 2% constant growth rate to calculate terminal value ('TV'). I use an 8% WACC to discount future cash flows.Calculated by the authorThe first simulation indicates a fair share price of approximately $90, which is almost four times higher compared to the current share price. Thus, fears around the stock made it extremely cheap.The fair value estimation approaches the current share price only if unrealistically pessimistic assumptions are incorporated. The fair share price is around $23 when I apply a 1% constant growth rate and a very low 3% revenue CAGR for the next five years, with the FCF margin expanding by only 100 basis points annually.Calculated by the authorWith that said, I believe SMCI is very attractively valued. My target price is $90 per share, which is close to mid-summer 2024 levels, making such upside potential realistic.Mitigating factorsOfficial communication is crucial in emergency cases threatening the image of a business, such as those experienced by SMCI over the last few months. In my opinion, the management could have handled the situation in a smoother way. As a result, it seems that the stock crash would not have been as bad. There is still no indication of when the company’s FY2024 10-K report will be published, which creates room for possible new bad-looking headlines. This might just set off another bearish market wave if the communication approach between the management and investors remains the same.Additionally, the past precedent of delisting in 2019 due to accounting issues remains a concern. According to the official information from SMCI, the management is still unable to share the expected date of the 10-K filing, which increases risks of failing to comply with Nasdaq listing rules. However, I believe that the company's efforts to engage a new auditor will mitigate the risk. The completion of the Special Committee's investigation, which found no evidence of fraud or misconduct, is a positive step towards resolving this adverse situation.ConclusionAs an investor, I prefer to set emotions aside and focus on the facts. A company that has faces intense public scrutiny is almost certainly not going to play along with its accounting books. This factor makes the recent preliminary FQ1 2025 earnings release is a reliable informational tool. I am also extremely skeptical that Nvidia, AMD, or Intel would continue supporting SMCI as a crucial technological partner if there was really something wrong with it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351547879747616,"gmtCreate":1726869916994,"gmtModify":1726869920967,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SMFL\">$Smart for Life, Inc.(SMFL)$&nbsp;</a><v-v data-views=\"0\"></v-v> By delaying the audit, this company shows how irresponsible they are! Never respect the investors. Disappointed to invest in this........ seems wasted the hard earned money!&nbsp;","listText":"<a href=\"https://ttm.financial/S/SMFL\">$Smart for Life, Inc.(SMFL)$&nbsp;</a><v-v data-views=\"0\"></v-v> By delaying the audit, this company shows how irresponsible they are! Never respect the investors. Disappointed to invest in this........ seems wasted the hard earned money!&nbsp;","text":"$Smart for Life, Inc.(SMFL)$ By delaying the audit, this company shows how irresponsible they are! Never respect the investors. Disappointed to invest in this........ seems wasted the hard earned money!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351547879747616","isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088339668,"gmtCreate":1650318822498,"gmtModify":1676534692184,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"🙏","listText":"🙏","text":"🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088339668","repostId":"1152635116","repostType":2,"repost":{"id":"1152635116","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1650295415,"share":"https://ttm.financial/m/news/1152635116?lang=&edition=fundamental","pubTime":"2022-04-18 23:23","market":"us","language":"en","title":"U.S. Stocks Mixed in Morning Trading, Dow Jones and S&P 500 Turned Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1152635116","media":"Tiger Newspress","summary":"U.S. stocks mixed in morning trading.Dow Jones, S&P 500 rose 0.09% and 0.01% separately,while Nasdaq","content":"<html><head></head><body><p>U.S. stocks mixed in morning trading.Dow Jones, S&amp;P 500 rose 0.09% and 0.01% separately,while Nasdaq slid 0.22%.<img src=\"https://static.tigerbbs.com/3520b55fe7e5bb20088f54d7a6f890e3\" tg-width=\"515\" tg-height=\"116\" width=\"100%\" height=\"auto\"/></p></body></html>","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>U.S. Stocks Mixed in Morning Trading, Dow Jones and S&P 500 Turned Up</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; 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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\">\nU.S. Stocks Mixed in Morning Trading, Dow Jones and S&P 500 Turned Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-18 23:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks mixed in morning trading.Dow Jones, S&amp;P 500 rose 0.09% and 0.01% separately,while Nasdaq slid 0.22%.<img src=\"https://static.tigerbbs.com/3520b55fe7e5bb20088f54d7a6f890e3\" tg-width=\"515\" tg-height=\"116\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152635116","content_text":"U.S. stocks mixed in morning trading.Dow Jones, S&P 500 rose 0.09% and 0.01% separately,while Nasdaq slid 0.22%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002463308,"gmtCreate":1642072086877,"gmtModify":1676533677991,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002463308","repostId":"1173866577","repostType":4,"repost":{"id":"1173866577","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642071883,"share":"https://ttm.financial/m/news/1173866577?lang=&edition=fundamental","pubTime":"2022-01-13 19:04","market":"us","language":"en","title":"KB Home stock jumped over 6% after robust Q4 earnings growth, guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=1173866577","media":"Tiger Newspress","summary":"KB Home stock jumped over 6% after robust Q4 earnings growth.Shares of KB Home jumped after the home","content":"<html><head></head><body><p>KB Home stock jumped over 6% after robust Q4 earnings growth.<img src=\"https://static.tigerbbs.com/3fc878285bf930fec7834a5cb77a9158\" tg-width=\"1024\" tg-height=\"641\" referrerpolicy=\"no-referrer\"/>Shares of KB Home jumped after the homebuilder&#39;s Q4 earnings highlight the company&#39;s &#34;outstanding growth in revenues and margins,&#34; said President and CEO Jeffrey Mezger.</p><p>Still, Q4 revenues of $1.68B miss the consensus by $30M, and up from $1.47B in Q3.</p><p>On a brighter note, diluted earnings per share of $1.91 beats the $1.77 consensus, up from $1.60 in the previous quarter.</p><p>Homes delivered of 3,679 increases 20% in Q4. The average selling price increases 9% to $451.1K. Looking forward, the company expects housing revenues to be $7.2B-7.6B in 2022 and an average selling price of $480K-490K.</p></body></html>","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>KB Home stock jumped over 6% after robust Q4 earnings growth, guidance</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\">\nKB Home stock jumped over 6% after robust Q4 earnings growth, guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-13 19:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KB Home stock jumped over 6% after robust Q4 earnings growth.<img src=\"https://static.tigerbbs.com/3fc878285bf930fec7834a5cb77a9158\" tg-width=\"1024\" tg-height=\"641\" referrerpolicy=\"no-referrer\"/>Shares of KB Home jumped after the homebuilder&#39;s Q4 earnings highlight the company&#39;s &#34;outstanding growth in revenues and margins,&#34; said President and CEO Jeffrey Mezger.</p><p>Still, Q4 revenues of $1.68B miss the consensus by $30M, and up from $1.47B in Q3.</p><p>On a brighter note, diluted earnings per share of $1.91 beats the $1.77 consensus, up from $1.60 in the previous quarter.</p><p>Homes delivered of 3,679 increases 20% in Q4. The average selling price increases 9% to $451.1K. Looking forward, the company expects housing revenues to be $7.2B-7.6B in 2022 and an average selling price of $480K-490K.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KBH":"KB Home"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173866577","content_text":"KB Home stock jumped over 6% after robust Q4 earnings growth.Shares of KB Home jumped after the homebuilder's Q4 earnings highlight the company's \"outstanding growth in revenues and margins,\" said President and CEO Jeffrey Mezger.Still, Q4 revenues of $1.68B miss the consensus by $30M, and up from $1.47B in Q3.On a brighter note, diluted earnings per share of $1.91 beats the $1.77 consensus, up from $1.60 in the previous quarter.Homes delivered of 3,679 increases 20% in Q4. The average selling price increases 9% to $451.1K. Looking forward, the company expects housing revenues to be $7.2B-7.6B in 2022 and an average selling price of $480K-490K.","news_type":1},"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001035801,"gmtCreate":1641099381634,"gmtModify":1676533572560,"author":{"id":"4100247818026450","authorId":"4100247818026450","name":"j_o","avatar":"https://static.tigerbbs.com/b8cb62a0da07d00db74a838782ec443d","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100247818026450","idStr":"4100247818026450"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001035801","repostId":"2195481004","repostType":4,"repost":{"id":"2195481004","kind":"highlight","pubTimestamp":1641003960,"share":"https://ttm.financial/m/news/2195481004?lang=&edition=fundamental","pubTime":"2022-01-01 10:26","market":"us","language":"en","title":"1 Growth Stock Down 68% That Wall Street Thinks Could Soar in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2195481004","media":"Motley Fool","summary":"It poses some risks, but this company is making all the right moves to succeed in a very tough industry.","content":"<html><head></head><body><p>Let&#39;s be clear: Any stock that collapses by 68% from its high carries inherent risks, and that&#39;s certainly the case with real estate iBuying company <b><a href=\"https://laohu8.com/S/OPAD\">Offerpad Solutions</a></b> (NYSE:OPAD).</p><p>Offerpad buys homes directly from sellers, adds value by renovating them, and then flips them for a profit. It&#39;s not an easy business, as Offerpad&#39;s largest competitor, <b><a href=\"https://laohu8.com/S/Z\">Zillow</a> Group</b> (NASDAQ:Z)(NASDAQ:ZG) recently proved when it dropped out of the segment after sustaining significant losses.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F659276%2Fa-smiling-couple-sitting-on-the-floor-of-their-new-home-surrounded-by-boxes.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><p>But there are bright spots to Offerpad&#39;s different approach, and Wall Street firm JMP Securities thinks the stock has what it takes to rise by 84% in the next 12 to 18 months to $12 a share. Here&#39;s why.</p><h2>Being selective is key for Offerpad</h2><p>Since 2019, Zillow has been on a home-buying binge, purchasing 26,014 houses -- in some cases, multiple-home estates -- with the intention of reselling them quickly for a profit. This strategy is great when real estate prices are rising across the board, but when pockets of the market go soft, it can result in significant losses.</p><p>Zillow recently listed up to 1,000 of its homes for sale in its five largest markets, 64% of which were reportedly priced below what it paid for them. And in Phoenix, Arizona, up to 93% of its properties are slated to be sold at a loss. In the recent third quarter, Zillow&#39;s iBuying segment lost $244 million and erased all of the gross profit the segment had made for the entire year.</p><p>Part of the issue is Zillow&#39;s broad geographical footprint. It operates in, and therefore had to carefully track, up to 35 markets across the U.S. Offerpad, on the other hand, operates in 17 markets. Where Zillow&#39;s iBuying average gross profit per home peaked at $18,665, Offerpad&#39;s average peak (so far) is $31,500 per home in the second quarter of 2021.</p><p>It highlights the importance of being selective, because like any asset class, home prices constantly fluctuate, and being on the wrong side can be catastrophic. For Offerpad, now that its largest competitor has moved out of the way, it has an opportunity to grow its market share in the higher-quality markets Zillow has left behind.</p><h2>A surge in revenue</h2><p>By the close of 2021, Offerpad expects it will have sold up to 6,000 homes for the year, driving a record revenue result. In the recent third quarter, it actually increased its 2021 revenue guidance by $100 million. But in 2022, analysts expect it will do even better.</p><table><thead><tr><th><p>Metric</p></th><th><p>2020</p></th><th><p>2021 (Estimate)</p></th><th><p>2022 (Projected)</p></th><th><p>CAGR</p></th></tr></thead><tbody><tr><td><p>Revenue</p></td><td><p>$1.06 billion</p></td><td><p>$1.90 billion</p></td><td><p>$3.53 billion</p></td><td><p>82%</p></td></tr></tbody></table><p>Data source: Offerpad, Yahoo! Finance. CAGR = Compound Annual Growth Rate.</p><p>Offerpad&#39;s gross profit per home of $22,700 in the third quarter was down from the $31,500 it generated in the second quarter. However, it was still a 48% year-over-year gain and is therefore trending in the right direction.</p><p>The company attributes its success to a combination of its technology and people. Where other iBuying companies rely solely on algorithms to price a home, Offerpad allows technology to do 90% of the work, and it then uses physical intervention by its employees to inspect the home and bring the deal to a close.</p><p>Additionally, it adds value by renovating houses using Offerpad-employed tradespeople, which allows it to achieve higher sale prices compared to simply flipping a property immediately. The company aims to buy, renovate, and sell each home within 100 days.</p><h2>The stock is cheap</h2><p>Offerpad&#39;s stock trades at a price-to-sales multiple of just 0.8. By comparison, and despite all of its issues, Zillow&#39;s stock trades at a multiple of 2.1 based on estimated 2021 revenue. That means Offerpad&#39;s stock would need to double from here just to trade in line with its tech-real estate peer.</p><p>If Offerpad meets analysts&#39; expectations and generates $3.53 billion in revenue next year, its multiple will shrink further to just 0.4 (assuming its stock price remains the same). That makes its recent 68% decline in share price look like an attractive opportunity going into 2022.</p><p>Offerpad is expected to post a loss overall for 2021, but JMP Securities expects it will close out 2021 with a fourth-quarter profit of $0.35 per share. The firm&#39;s price target of $12 might even look conservative if Offerpad can turn profitable next year -- it&#39;s even possible it could revisit its highs near $20 per share -- but it operates in a tough business, and investors should proceed with <i>cautious </i>optimism.</p></body></html>","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>1 Growth Stock Down 68% That Wall Street Thinks Could Soar in 2022</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\">\n1 Growth Stock Down 68% That Wall Street Thinks Could Soar in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-01 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/31/1-growth-stock-down-68-soar-2022-says-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Let's be clear: Any stock that collapses by 68% from its high carries inherent risks, and that's certainly the case with real estate iBuying company Offerpad Solutions (NYSE:OPAD).Offerpad buys homes ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/31/1-growth-stock-down-68-soar-2022-says-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓","Z":"Zillow","BK4551":"寇图资本持仓","OPAD":"Offerpad Solutions","ZG":"Zillow Class A","BK4079":"房地产服务"},"source_url":"https://www.fool.com/investing/2021/12/31/1-growth-stock-down-68-soar-2022-says-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195481004","content_text":"Let's be clear: Any stock that collapses by 68% from its high carries inherent risks, and that's certainly the case with real estate iBuying company Offerpad Solutions (NYSE:OPAD).Offerpad buys homes directly from sellers, adds value by renovating them, and then flips them for a profit. It's not an easy business, as Offerpad's largest competitor, Zillow Group (NASDAQ:Z)(NASDAQ:ZG) recently proved when it dropped out of the segment after sustaining significant losses.Image source: Getty Images.But there are bright spots to Offerpad's different approach, and Wall Street firm JMP Securities thinks the stock has what it takes to rise by 84% in the next 12 to 18 months to $12 a share. Here's why.Being selective is key for OfferpadSince 2019, Zillow has been on a home-buying binge, purchasing 26,014 houses -- in some cases, multiple-home estates -- with the intention of reselling them quickly for a profit. This strategy is great when real estate prices are rising across the board, but when pockets of the market go soft, it can result in significant losses.Zillow recently listed up to 1,000 of its homes for sale in its five largest markets, 64% of which were reportedly priced below what it paid for them. And in Phoenix, Arizona, up to 93% of its properties are slated to be sold at a loss. In the recent third quarter, Zillow's iBuying segment lost $244 million and erased all of the gross profit the segment had made for the entire year.Part of the issue is Zillow's broad geographical footprint. It operates in, and therefore had to carefully track, up to 35 markets across the U.S. Offerpad, on the other hand, operates in 17 markets. Where Zillow's iBuying average gross profit per home peaked at $18,665, Offerpad's average peak (so far) is $31,500 per home in the second quarter of 2021.It highlights the importance of being selective, because like any asset class, home prices constantly fluctuate, and being on the wrong side can be catastrophic. For Offerpad, now that its largest competitor has moved out of the way, it has an opportunity to grow its market share in the higher-quality markets Zillow has left behind.A surge in revenueBy the close of 2021, Offerpad expects it will have sold up to 6,000 homes for the year, driving a record revenue result. In the recent third quarter, it actually increased its 2021 revenue guidance by $100 million. But in 2022, analysts expect it will do even better.Metric20202021 (Estimate)2022 (Projected)CAGRRevenue$1.06 billion$1.90 billion$3.53 billion82%Data source: Offerpad, Yahoo! Finance. CAGR = Compound Annual Growth Rate.Offerpad's gross profit per home of $22,700 in the third quarter was down from the $31,500 it generated in the second quarter. However, it was still a 48% year-over-year gain and is therefore trending in the right direction.The company attributes its success to a combination of its technology and people. Where other iBuying companies rely solely on algorithms to price a home, Offerpad allows technology to do 90% of the work, and it then uses physical intervention by its employees to inspect the home and bring the deal to a close.Additionally, it adds value by renovating houses using Offerpad-employed tradespeople, which allows it to achieve higher sale prices compared to simply flipping a property immediately. The company aims to buy, renovate, and sell each home within 100 days.The stock is cheapOfferpad's stock trades at a price-to-sales multiple of just 0.8. By comparison, and despite all of its issues, Zillow's stock trades at a multiple of 2.1 based on estimated 2021 revenue. That means Offerpad's stock would need to double from here just to trade in line with its tech-real estate peer.If Offerpad meets analysts' expectations and generates $3.53 billion in revenue next year, its multiple will shrink further to just 0.4 (assuming its stock price remains the same). That makes its recent 68% decline in share price look like an attractive opportunity going into 2022.Offerpad is expected to post a loss overall for 2021, but JMP Securities expects it will close out 2021 with a fourth-quarter profit of $0.35 per share. The firm's price target of $12 might even look conservative if Offerpad can turn profitable next year -- it's even possible it could revisit its highs near $20 per share -- but it operates in a tough business, and investors should proceed with cautious optimism.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}