Planet Labs PBCLong
9/6/24 - $pl - Interested at $1.77, but weird
9/6/24 :: VROCKSTAR :: PL
Interested at $1.77, but weird
- 250 mm in enterprise value (~500 mm cap and 250 mm in net debt) for sales that are still growing low teens, they're seeing opex inflection (gross profits growing and opex declining)
- like the "space" component of it. maybe i'm coming late to the space lasers game *ahem* ASTS... but this one genuinely seems interesting such that it can provide data from space - which we all know - LLM's are starved for unique data sets.
- a lot of stock comp, but hey, that's par for something this size in a weird category to incentivize da nerdz
- stock/ chart looks like trash. but it's SUPER rentable (can sell calls off the top for pretty good yield, which is always super attractive to me). don't think they run risk of diluting anytime soon.
- admittedly need to listen to mgmt. sometimes i change my tune after hearing them open the ol pie. also i've been on a bit of a cold streak lately.
AVGO and the mkt risk hasn't been too friendly. so while i'm involved, i'm keeping it small.
anyone one any work on this name willing to share? maybe i comment back after i take a breather and get a chance to do a bit more DD. for now i'm in for a 1% position bc why not, -30% off on what seemed like a not -30% release looks interesting b/c i bet a lot of this is factor (size, report, the risk off day).
V
PLInterested at $1.77, but weird
- 250 mm in enterprise value (~500 mm cap and 250 mm in net debt) for sales that are still growing low teens, they're seeing opex inflection (gross profits growing and opex declining)
- like the "space" component of it. maybe i'm coming late to the space lasers game *ahem* ASTS... but this one genuinely seems interesting such that it can provide data from space - which we all know - LLM's are starved for unique data sets.
- a lot of stock comp, but hey, that's par for something this size in a weird category to incentivize da nerdz
- stock/ chart looks like trash. but it's SUPER rentable (can sell calls off the top for pretty good yield, which is always super attractive to me). don't think they run risk of diluting anytime soon.
- admittedly need to listen to mgmt. sometimes i change my tune after hearing them open the ol pie. also i've been on a bit of a cold streak lately.
AVGO and the mkt risk hasn't been too friendly. so while i'm involved, i'm keeping it small.anyone one any work on this name willing to share? maybe i comment back after i take a breather and get a chance to do a bit more DD. for now i'm in for a 1% position bc why not, -30% off on what seemed like a not -30% release looks interesting b/c i bet a lot of this is factor (size, report, the risk off day).
V
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