9:07AM That was $58.62 I wrote $0.62, but the trade was obvious and obviously anyone can look at the pre-market chart. That one was at 9:18 EST. As these things go, barring a market-wide correction which could certainly happen, and probably will.... this is THE best stock out there right now. The farther it drops.... the more folks should buy. Get over the Robinhood 10%+ gains in a day stupid mindset... that's all bs anyway.... it doesn't work and it never has for the long haul. Buy this thing on a big correction, and you will beat the indexes for years to come. Someone will buy the company anyway. One of the BIG players. -vz
INO's plasmid supplier VGXI, which informed Inovio in June that it was unable to produce sufficient quantities of plasmids. Inovio subsequently asked VGXI to hand over its plasmid manufacturing technology to its contract manufacturers, which the company has refused to do, which has resulted in Inovio taking VGXI to court. And there is your delay.... The delays could additionally hint at the fact that as a fundamentally research and development based drug developer, Inovio is struggling to maintain the rapid pace of development due to its lack of experience in this field, or, a more doomsday scenario, that the company has uncovered data that suggests the vaccine's efficacy or safety profile is not up to scratch.
Van Chewie's founder is on the hunt. And he has bought a 9% interest in Gamestop. Ryan Cohen Introduction Ryan Cohen's involvement in GameStop will likely change the future of the company forever. On August 18th, Cohen filed an initial 13D showing 9% ownership of GameStop. He filed an amendment the following day showing 9.6% ownership. Ryan Cohen founded Chewy's before selling it to PetSmart in 2017 for $3.35 billion. He then exited Chewy in 2018 and according to a recent Forbes interview in January has been looking for what's next. In the interview he stated: his father "was never one to relax and he always needed to be doing something to feel a sense of accomplishment." Cohen says he is the same way, and right now he is trying to figure out what the next "something" will be for him. Furthermore, Ryan says: "I look at almost everything that comes to me, but I say no to 99.9% of it. That was true at Chewy too in terms of just programming all of our executives that generally the best answer is no. As Warren Buffet says, the difference between successful and really successful people is really successful people say no all the time." Ryan Cohen Investments Post-Chewy According to a recent June, 2020 Bloomberg article: When Ryan Cohen sold the pet retailer he co-founded for $3.35 billion in 2017, he had a clear idea of what he'd do with his share of the proceeds. He plowed virtually all of it-he declines to specify the amount-into just two stocks: Apple Inc. and Wells Fargo & Co. This is exactly the kind of thing financial advisers say never to do. Cohen, 34, is not bothered about that. "It's too hard to find, at least for me, what I consider great ideas," he says. "When I find things I have a lot of conviction in, I go all-in." According to the article, Cohen's Apple stake increased by over 120% and his portfolio returned over 40% during the last 3 years. Perhaps even more interesting is Cohen's inherent contrarianism that DOMO Capital can completely resonate with: Cohen uses the word "conviction" a lot. He says it's something he learned from his father, who ran a glassware importing business in Montreal where Cohen grew up. "He taught me how to block the noise from the masses," says Cohen. "To have a point of view and have conviction and not waver." Not only does Cohen appear to focus on conviction and having a contrarian point of view, but he also looks to win big: Cohen sees both companies as consumer businesses, a type of industry he understands from building Chewy. The online retailer is famous for such over-the-top gestures as surprising customers with birthday cards or custom portraits of their pets. He likens his obsessive focus on building Chewy to his approach to stock picking. "I don't want to swing for a single," he says. Chewy and GameStop Similarities The previously cited Forbes article is rich with quotes from Ryan. Most importantly, what Ryan saw with Chewy was a way to replicate old-fashioned customer service of a neighborhood pet store online as a differentiator to Amazon. In his words: Chewy played by Amazon's rules for supply chain, logistics and the convenience of shopping online, but added its differentiator, the old-fashioned customer service of a neighborhood pet store, for its winning strategy. I suspect that what Ryan Cohen see's with GameStop is a way to replicate video game hardware/software/accessory knowledge online in a way that will differentiate GameStop's e-commerce business from competitors. Cohen Will Take GameStop Private <------ The signs are clear, Ryan Cohen will likely take GameStop private. At what price, we do not know, but there is little question that it will happen. In the Forbes interview in January it was stated: Since leaving Chewy, Cohen has been looking at investments, both public and private, but hasn't yet seen, or come up with, an idea as good as Chewy. "Sometimes the best strategy is just to be patient and wait for that," he said. Furthermore, Ryan pointed out how Amazon has chinks in its armor due to a flood of third-party sponsored merchandise pushing aside organic search results and pushing aside best-selling products. Ryan states how he wants to be involved with a product that connects with customers emotionally. Certainly, as evidenced by the massive rise in e-sports, video games unquestionably connect with an enormous segment of the population.//////////// GME was down 11% on Thurs! To $6.50 The day before after the close earnings-- GameStop reports Q2 adj. EPS ($1.40), consensus ($1.13) 16:08 GME Reports Q2 revenue $942M, consensus $1.02B. Comparable store sales declined 12.7%, adjusting for fewer store operating days due to store closures as a result of the global COVID-19 pandemic. George Sherman, GameStop's CEO, said, "The second quarter saw strong progress toward our strategic initiatives, fueling an 800% increase in global E-commerce sales, a $133.7 million reduction in SG&A and a significant improvement in our balance sheet with $735.1 million in cash at quarter-end and a 50% reduction in inventory, as compared to the second quarter last year. These achievements combined drove $181.9 million in free cash flow for the quarter. I am extremely proud of our team, and their dedication to our mission, our strategy and safely serving our customers despite operating in an unprecedented environment." GME- Stk is $6.00 and the question is at what price would they go provate I've always had a tough time analyzing the motivation of these situations if you own a lot of stk is it bettter to go private at a higher or lower price... especialy when you are going to wind up with everything. The stock was over $1 higher when the announcement of the gathering of shares bythe Chewie foundwr so we can at lesast look to that top in the $7.25 area as an height ehich the take private will be over... --> So Upside of $1 to--->? What do you think Van...
<<< So there are a few $6-$10 ideas to consider >>> A. INO B. GME C. LLNW Update** Yes we have had LLNW in the Idea For Now Portfolio and have not been rewarded. Usually we dump such a stk but when the numbers truly point to something good we hold or add. I'm in an add sort of mood for Limelight. Further enforced by a Seeking Alpha article)))) Time to Dig into Some CDN Numbers. LLNW has chosen the road of profitability with modest growth versus the other road being aggressive growth while sacrificing profitability. BOOOOOOO!!!!!! This is what screwed us. Investors today often want to see revenue growth, revenue growth, and even more revenue growth, but don't seem to care about how that growth is achieved. LLNW has expanded into Latin America and India recently. But companies like FSLY are ruining the party using their go go stock price to buy others... We have seent his game before it works in UP markets... Recently FSLY acquired Signal Sciences for beefing up its security offering on its CDN network. Fastly agreed to pay $775 million for the acquisition - a significant amount relative to its scale. Let us also point out, that FSLY paid this amount, which is currently higher than the total market capitalization of LLNW which makes as much as FSLY Buying a company for 30X run rate seems absurd. Then you look at Limelight Networks trading at 2.4X revenue run rate with solid growth... When will people notice? - trailing EPS growth. You can see from the above chart, maybe AKAM is a buyhere along with LLNW<---- Currently, LLNW has MORE profitability than FSLY but slower growth. Though it has faster growth than AKAM, it has lower profitability. Valuation Disparity How undervalued is LLNW? Well, it currently trades as of today at a measly 2.57X revenue run rate. Less than HALF of AKAM and less than 9% of the valuation given to FSLY. If AKAM is 5.8X and FSLY is 29X, it is reasonable to say that LLNW should be trading somewhere around 17.4X revenues, But let's be even more conservative and shave off 30% of that just to be on the safe side, that gives you 12.18X revenues. This puts a fair value on LLNW at $2.9 billion or a $24.36 pps stock price. Included in these catalysts are: Return of Sports Streaming:As sports return to screens around the world, the streaming of these will also ramp up very quickly as new streaming contracts are signed for sporting events worldwide via digital content delivery. LLNW has a very deep footprint in this part of the sector and expects revenue to ramp up very quickly with the return of sports. Advancement of Sports Streaming:As noted above, sporting content providers are signing more and more streaming contracts. As this change takes hold, bars, restaurants, and venues that have several TV's that show sports will move to streaming contracts as well. That is a whole segment of demand in the commercial streaming space set to expand rapidly to keep pace with the changing environment. Large Customer Wins:LLNW has had multiple large new customers in beta testing for months and management has stated those very significant contracts will be announced very soon as these clients launch for Q4 and heavy demand right as competition heats up. EdgeFunctions:With the recent official launch of EdgeFunctions, new and existing clients will be able to streamline their media and make it more accessible, enhance the delivery of the media, and control more aspects of how and where the content is delivered. Seasonality:Q4 is historically the best quarter for seasonal reasons and this year will be no exception. In fact, with more people bunkering in their home with friends and family for the holidays via small gatherings, gaming and video / movie streaming are going to take center stage. Launch of PS5:LLNW has had a contract with Sony for over a decade to do a large part of their gaming downloads. With the release of PS5 this fall, and games moving to digital download formats, the downloads of games, gaming updates, and software upgrades will be practically endless. Limelight Networks is set to get a huge bulk influx of business through all those coming downloads. The content is VERY large for new games with better graphics and more options than ever, the bulk of which all have to be downloaded from massive Sony servers via Limelight Networks. ----> What if Mr Chewie combined Gamestop with Limelight N....
About EHang EHang is an autonomous aerial vehicle, or AAV, company with a portfolio of 5 different AAVs consisting of 2 passenger grade AAVs and 3 non-passenger grade AAVs. These AAVs have been tested extensively for safety, are autonomous, and are powered by electricity. AAVs could be potentially used in a variety of applications, including passenger transportation, logistics, smart city management, aerial media, and more. Seeking Alpha Article lays bull case out- EHang is the first mover in the AAV industry and the only company to have delivered AAVs commercially so far. In addition to the first-mover advantage, EHang also has a variety of other competitive advantages like regulatory approvals from multiple governments, and superior technology protected by 138 patents relating to its core technologies. EHang has sophisticated AAV technology like a fast-charging system, a command and control system to control more than 1000 AAVs, and other proprietary technology. So far, despite being a tiny $500mil market cap company, the company has made an incredible amount of progress, signing a logistics partnership with DHLfor last-mile delivery, getting a preorder for 1000 drones from United Therapeutics to deliver organs, and partnerships with multiple governments like the government of Dubai. Currently, deliveries are low due to lack of regulations and AAVs being mostly unknown technology, but that should change over the next few years as adoption increases globally. Every quarter, the company reports new initiatives. For example, in Q2, the company reported an initiative to use its EHang platform for firefighting. So far, we have secured order of several units, two new for government already. And actually, today we are attending this emergency equipment show in Guangzhou. So we attended this show with very good client interest as well. So we are hopeful that this can be a new driver for our sales for the next 12 months because why - we think that this is a very unique solution for high-rise firefighting because I understand that the latest - the best closed advanced ladder the fire engine vehicle with a height limit of only 120 meters high. So for any skyscrapers above that level, there is no better solutions. So basically there is nothing can reach that level. However, with our AAV, our 216 - EHang 216 firefighting AAV, it can fly to up to the level of 500 or 600 meters high, and with this the bombs that can break the glass, it can release the carbon dioxide and also we have got a very strong extinguisher that can put out the fire. So we did the very successful exercise with the fire department in LN government. So I think this got widely recognized by the government officials. Financials EHang has seen incredible revenue growth over the past few years, with revenues doubling every year from 2017 to 2019. Growth has slowed slightly in H1 2020 to around 60-80% YOY but management in recent press releases and conference calls have mentioned that they expect growth for 2020 overall will be an impressive 200%. Source: WY Capital, financial filings Seasonality has been less apparent due to EHang's rapid growth, but EHang in the IPO prospectus believes that future deliveries will be lower in Q1 due to the holiday season for its suppliers. Gross margins have steadily stayed around the 55-60% mark, and there is no indication that this will change in the future. Source: WY Capital, financial filings Operating expenses for the last few quarters have heavily surpassed gross profit, leading to a substantial loss each quarter. However, the company is showing substantial operating leverage as revenues are growing far faster than expenses. For example, in Q1 revenue grew 80% while operating expenses only grew 46%. Management believes that this operating leverage will lead to adjusted operating profitability for 2020. Currently, management has around $46mil in cash and short term investments at the end of Q2, which considering the strong operating leverage and low current cash burn of around $2-3mil per quarter, should allow the company to survive until it reaches positive cash flow. Valuation At the current market cap of $466mil and subtracting cash of $46mil, this represents an EV of $420mil, or around 8x 2020E revenue. Considering the company is still in its early growth stages and considering the massive potential ahead, as shown by the TAM, we believe the multiple is extremely cheap. The main risk facing the company is competition from aerospace giants like Airbus and Boeing, transportation companies like Uber, and many other companies that may be developing or commercializing AAVs. <-- I would say all of these guys are hurting... and have eye off ball...) EH-$9.12 Check this out only 1 house covers! Needham and they have been quiet since Feb-! In Feb-- Ehang initiated with a Buy at Needham 02/07/20 EH Needham analyst Vincent Yu initiated coverage of Ehang with a Buy rating and $14 price target. The analyst views Ehang as an industry leader in the "nascent and fast-growing" commercial unmanned aerial vehicle market. He believes the company should reach 1,200 units of annualized production capacity by the end of fiscal 2020, which he thinks should support profitability by the year-end with a net margin of ~6%. Ok $14 PT and no updates since Feb. In the time since so many good things the hotel, the fire suppression, the medicine delivery and getting rights to fly in various countries... They even announced a factory build to increase capacity... The only thing is Mr TSLA I could see him roll out a flying thing....
Interesting article on Chewy's founder. I don't know about GME though Stoney. Too risky. Hey and while that article paints him as a visionary, his portfolio is up 40%... we should be looking at what Petsmarts CEO is on the hunt for... he bought the Chewy for 3B and its worth 25B. (22B Enterprise Value).... I like that return better.