Downward Pressure Persists: SHOP, TSLA, and ABNB Face Bearish Trends
Here's a theme I think we're going to see over the next few years that I call, "Great Business, Terrible Stock".
Paying 14x sales for a company growing at 90% is fine, but when growth falls to 20% the multiple eventually drops.
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What happens when you introduce a lower-cost vehicle under the same brand? Cannibalization!
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The stock may be down, but find comfort in a 41% FCF margin over the past year and $800 million in interest income from cash just chillin' on the balance sheet.
https://twitter.com/TravisHoium/status/1788265025343250885
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