So with 300 channels to scroll thru.... all useless... one caught my eye that you would appreciate. And I actually clicked on it.... and omg.... you would REALLY appreciate it. The lost episode of "Leave it to Beaver". OK, big deal(?) right? But this was produced by The Department of the Treasury. I kid you not! It was all about putting your money in the bank to save. Beaver wanted a bike... $37.... but Lumpy talked him into buying a model airplane with the money he had secretly hid his in a sock. Of course he crashed it, had a fit... and Ward came to the rescue with the 1959 mantra of saving money via bonds and banks. They even had Ward and Beaver going to the bank and opening an account. 4.3%! That fascinated Theodore. It's gotta be on YouTube somewhere... but the opening (and closing) thing was this black and white government Department of the Treasury clip. Like those patriotic Lowell Thomas films from WW2.
2 1 / 4 Once-Bitten Investors Unconvinced China Tech Rebound Can Last (Bloomberg) -- China’s tech stocks just had their best week since December. But for many investors who have been burned chasing past rallies, more signs of fundamental improvement are needed before they jump back in.
Strength Currently debt free. Opportunity Has sufficient cash runway for more than 3 years based on current free cash flows. Trading below our estimate of fair value by more than 20%. How Long Is Blade Air Mobility's Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Blade Air Mobility last reported its balance sheet in December 2022, it had zero debt and cash worth US$194m. Importantly, its cash burn was US$38m over the trailing twelve months. So it had a cash runway of about 5.1 years from December 2022. Notably, however, analysts think that Blade Air Mobility will break even (at a free cash flow level) before then. How Well Is Blade Air Mobility Growing? Some investors might find it troubling that Blade Air Mobility is actually increasing its cash burn, which is up 9.8% in the last year. On a more positive note, the operating revenue improved by 118% over the period, offering an indication that the expenditure may well be worthwhile. If revenue is maintained once spending on growth decreases, that could well pay off! It seems to be growing nicely. Clearly, however, the crucial factor is whether the company will grow its business going forward.
Last earn-- Blade Air Mobility Clocks 55% Revenue Growth In Q4, Beats Street View March 14, 2023 9:14 AM |
"We remain confident that our path to profitability is both tangible and forthcoming. As a result, we expect a significant majority of our existing cash balance to be available for acquisitions that should expand our air mobility capabilities and accelerate Blade's trajectory to positive free cash flow," commented Will Heyburn, Blade's Chief Financial Officer. The company held cash and cash equivalents of $44.4 million as of Dec. 31, 2022.
Reading through the lines it really seems to me BLDE is intent on buying someone. Wheels Up I wonder?