VROCKSTAR

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)....

VROCKSTAR

4/25/24 - vrockstar - 2x sales, scaling on the opex line and 5 days to cover keeps me from wanting to short this esp after last quarter's result. but the setup looks more +ve than -ve here. the second order problem is a miss sense this into the abyss that's hard to dip buy and you're best to take losses - i don't like that sort of setup. so plan here is to chase a...

VROCKSTAR

4/25/24 - vrockstar - 2x sales, scaling on the opex line and 5 days to cover keeps me from wanting to short this esp after last quarter's result. but the setup looks more +ve than -ve here. the second order problem is a miss sense this into the abyss that's hard to dip buy and you're best to take losses - i don't like that sort of setup. so plan here is to chase a...

VROCKSTAR

4/25/24 - vrockstar - great growth, nothing fundamentally wrong here which is suicide to short in an everprintmonetaryjokeworld, but i'm defn not buying this print and could consider a short on an outsize pop here. 10x revenue is not the right multiple for sub 30-40% 2y cagr growth and with these semi-but-let's-be-real non-software mgns (I get it, they'll scale,...

VROCKSTAR

4/25/24 - vrockstar - well managed business, net cash helps in this global fiat debt chitshow, 20x PE not awful for scaled biz, employees churning like butter helps, ACN one way, TYL the other - not really even perfect comps by any sense, but think this would be a dip buy on a "miss" all else equal >10% down. tend to think this is a long into print given the sell...

VROCKSTAR

4/25/24 - vrockstar - net cash nice, 20 ish fwd a bit expensive for the lump discretionary nature here... but seems like a well managed business, just too expensive w/ so many other options in this tape ahead of a potential consumer "pause". i'd not be short this name w/ cash gen potential, buyback etc. but don't think it's a convincing long here and realistically...

VROCKSTAR

4/25/24 - vrockstar - not willing to outright ride long on evan's crackpipe stock, but tiktok ban, FB's #s +ve (and reaction mainly related to speech specific to zuck), last snap print was really a reset of expectations, options pricing in rich upside... so decided to sell some at the money C's and a few OTM C's (covered, lol), for 10% implied daily yield if i'm...

VROCKSTAR

4/23 - stupid expensive 60x pe and just a "better" consulting company but probably beats lazy estimates in a "good" tape and would be a good short upon 1) beat and 2) pop into the coming months. good luck longs... either use this as exit liquidity if you've done the work or realistically you should have rotated to something else by now. lol.

VROCKSTAR

4/23/24 - $vrockstar - a short on multiples and industry factors - but i'm just not shorting single names on short amt of work. defn not a buy and if pops on mediocre results consider shorting in cash account

VROCKSTAR

4/23/24 - $vrockstar - well priced, probably beats, defn not a short. or a short upton a pop. 4% yield for a duopoly is not worth betting against. 25x 2024 EPS of $1 is about $250 and realistically this mkt will want to pay 30-35x for this which means it's actually probably a buy, disgusting but just not worth the "alpha"

VROCKSTAR

4/23/24 - $vrockstar - could be very mixed just not worth participating bc already have shls position... could be a huge gain or a huge mix; gt's are mediocre which tells me rates are having a decision impact. would probably see this lower

VROCKSTAR

4/23/24 - $vrockstar - print looks like a beat even if stock has rallied. FCF yields decent, growth "there". has some short interest that will need to cover the bum on a beat which provides liquidity out of the trade. the only print i'm trading long here today. let's see. small size.

VROCKSTAR

4/23/24 - $vrockstar - print looks beat into the grave w all the negative expectations, but PE is relevant for a megacap and it's simply to expensive into this print. never bet against the edge lord, but also you don't need to buy every print. in the event they beat the whole sector goes bananas and my play here is the donut saudi "company" lcid which goes...