5/30/24 - $phr - ignore: prefer $you by alot vs. this "comp"5/30/24 - $vrockstar - NYSE:PHR - a more niche (healthcare) NYSE:YOU comp - which as you guys know is my largest single name position.
however when considering NYSE:YOU grows mid 20s revenue (this does low 20s), and NYSE:YOU is massively profitable (this still isn't) and NYSE:YOU has a big net cash balance and buys back stock (this one dilutes you) and NYSE:YOU trades at 5x gross profit (to adjusted enterprise value) and this is 5.5x ish...
I'm not going to short this - but i think it's the inferior play between the two all else equal and i'd rather have 100% of my eggs in NYSE:YOU vs. split between these two (and the comparison above shows it's not even close to the same company). i could paint a thesis where this should be a 700-800 mm EV company, not $1.1+. so for that reason, i'm putting "Neutral" as to not offend anyone lol - but if you own this take a closer look at NYSE:YOU - and tell me you still prefer this - and if that's the case i'd love to hear it (earnestly) in the comments below.
-V