2/4/25 - $snap - r/r +ve, this one's always volatile2/4/25 :: VROCKSTAR :: NYSE:SNAP
r/r +ve, this one's always volatile
- every EPS season i like to see a week or two of pitches and then it's clear what the "theme is". it's a game i like to play
- while so many names have yet to report, anything that's pure software, somewhat consumer exposed and not a total loser (as in... it's a decent cap, still has engagement, generates cash etc. etc.) has tended to do pretty well
- admittedly i've always rated zuck more as a leader, but evan's still at the helm and now cheaper inference could be the unlock to these margins and/or offer something interesting for mgmt to chat about
- while it's not "pure" FCF (some SBC to be aware), 5% isn't bad for a name that's growing DD+ and is highly volatile. it's also a reasonably scarce internet property as it's sticky messaging vs. feed-only. i do think they have still to define the ultimate mission, which keeps me watching, always... for seemingly years (since 2017 i've followed this Q by Q)
- anyway
- this is bound to be up or down at least 10% in this tape, maybe more. calls offer better risk/reward given tape likes software per above, ad trends +ve should be a spray and pray benefit to most stonks (partially why i'm nibbling googl as well into results - go read that)
- a loss here will be a paper cut, but i think the setup at 6/10 is good enough for a small punt (5 bps into print for weeklies)
whatchu think anon? am i getting a lil too cray cray ahead of uber results tmr AM which is my bigger fish?
V
