Sold TRNE a couple weeks ago out of impatience and totally missed the boat on LAZR. Would like to nibble at both but don’t want to chase... aargh.
Yeah, this is absolutely insane. On LAZR/TRNE I wish I got in on a few contracts, haha, my issue lately is thinking I missed an entry and then the thing keeps going, unreal. Hope everyone prints money!
I work in the gaming industry and have been heavily recruited to join Skillz (I passed). They are banking on this SPAC IPO to fund a huge growth initiative (and probably take money off the table) but that being said, all my friends in the industry agree their valuation is way too high. $3.5B valuation off $225MM expected 2020 revenue is crazy high (15.5X). Most gaming acquisitions in the past 2 years have been done at 2-5X revenue multiples. Also they project 2020 EBIDTA is -$47MM so they aren't profitable yet. That being said, the market is not rationale and doesn't reflect fundamentals so YMMV. If you want to get into gaming, I'm personally waiting for Roblox and Playtika to IPO (assuming reasonable valuations).
If they can sustain +50% rev growth or at least convince ppl that they can, that's a cheap valuation in today's market. For this type of software company losses can be overlooked as claims of margins dramatically improving with scale are very believable. Look at snow's q3... Do you think they can keep the high growth and will ppl keep joining/playing + how robust is their anti-cheat/security? What scares me about this company is (1) regulatory and (2) one bug by them or a 3rd party developer leading to massive lawsuit (s). Edit: were there any red flags with the company that made u decide not to join them? Does the industry have a positive impression of them, or are they seen as dodgy/risky?
Those are two very legit concerns (I'd say #1 >>> #2). They've been around for years not really breaking out so they aren't a "hot" company compared to others. Being profitable is a very big benchmark in gaming and most gaming companies fail to hit this and eventually flame out so at this point in my life, I would rarely join a non-profitable company in the gaming industry (been there done that plenty of times). I was also turned off by the IPO because if I joined, my shares would be terribly valued (I talked to them recently) and they've raised $291MM so far so the pie is already split up a ton. Lastly, the product doesn't wow me and their metrics don't change my mind either. And to your Snowflake analogy, I know many people who use it (including my company) and our data scientists vetted it out vs other big data solutions so I'm going to assume they have legit tech. I personally don't know anyone in the gaming industry that is impressed by Skillz (not to say they can't make a viable business out of it).
Does anyone think the HBO Max deal with WB could cause $T to at least move some once the WB content is simultaneously released? Especially now with no more free subs. I'm asking because after the whole history as well as DTV deal - I was wondering if this looks too easy, especially since I missed the shorts on theaters. Alternatively, Roku getting HBO Max eventually could be a nice play too for Roku plays, but Roku is typically hot. I don't recall where I saw rumor but believe it'll eventually be on their devices. I don't follow at&t that much but know the initial launch of Max wasn't great.
Short term I think good, but Congress (Senate portion) will wreck this... I mean looking at house vote only 5 GOPs in the House voted yes, and a GOP lead senate will not make this happen. It's certainly a step in the right direction, but I've also seen reports where Biden might not be fully on board anyway (ie some route through an ex order)
@tinman is closer to having the Rockets ownership change he wants : Tesla CEO Elon Musk has told friends and associates he plans to move to Texas https://www.cnbc.com/2020/12/02/tes...move-to-texas-friends-and-associates-say.html
Seriously though, don't we all want Elon to buy the rockets? It would be ****ing awesome and on par with his brand. Spacex could be the jersey sponsor, its almost too perfect
Don't get me wrong, this is the closest we've been and is good news, I also think this article helps at the UN level and is good news - https://www.npr.org/2020/12/02/9412...nnabis-from-its-most-strict-drug-control-list But I think until senate gets on board there will probably be more entry points that you can enter (again not financial advice just opinion). The good news is if we can even get other wins - ie removing it from dea list of the harsh schedule 1 and reclassification to follow UN that makes research/grants easier could force the US to get more on board. Having mar1juana and heroin (schedule 1 for US and 4 for UN - there version of our schedule 1 ) is an absolute joke. I mean a first time user isn't going to od on mj (od, lol) - so this could really make a difference sooner than later (hopefully)
