4/25/24 - $vrsn - a better 10y that's it - vrockstar
4/25/24 - vrockstar - idk get this - liked/ traded it sub $10 to the long side... but good gawd the rip from last Q made zero sense to me. look at 4q vs. 4q gross profit gen vs. opex spent. going the wrong way. net cash fine, "gen's cash" but it's a lot of non-cash stock comp (and my rule is i only pay for this as cash if the stock is sustainably going higher). don't dislike the brand/ leadership, but this is too expensive for funds to own into this type. hate shorting but this w/b something to unload ahead of results if you own it in the green, and/or if we actually get some sort of beat that's not big but there's some short covering that drives it 5-10% higher - get out. i'll be shorting this on the open if that happens. that's my play (unless it's a "beat" in which case i return to review into the following print). don't need to play them all.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.