7/31/24 - $meta - I'm a buyer into print7/31/24 :: VROCKSTAR :: NASDAQ:META
I'm a buyer into print
- low 20s PE for CAGR'ing close to 20% for the N2Y seems reasonable
- 4% fcf yield growing DD is way better than T's/ cash
- Llama and it's internal applications are transformative, and I suspect we'll hear a LOT about this
- Read this post and it pushed me over the edge in terms of what the main customers (ad buyers) are thinking:
x.com
- Has held up better among the mag7's in this recent dippity dip. Furthermore, after see'ing MSFT's print, reaction and re-bid (cloud miss b/c they couldn't meet demand that's coming 2H) gives me more confidence in the compute story and specifically for those who are monetizing the app layer > infra deployments i.e. META
lmk what you think. I've got a 50 bps position (trading) but willing to make it 1% over the day as we see how risk evolves and fed drives overall risk (remember the majority of moves are dictated by broader risk/ liquidity).
fwiw - i will be selling down some of my nvda/ tsm today after piling into it y/day. will still hold some exposure but will be taking some gains for being the odd one out and necking out. perhaps more to go, but prefer to remain nimble raising a bit more cash.
V