5/30/24 - $vrockstar - 
PHR - a more niche (healthcare) 
YOU comp - which as you guys know is my largest single name position.
however when consideringYOU grows mid 20s revenue (this does low 20s), and YOU is massively profitable (this still isn't) and YOU has a big net cash balance and buys back stock (this one dilutes you) and 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 inYOU 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 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
PHR - a more niche (healthcare) YOU comp - which as you guys know is my largest single name position.however when considering
YOU grows mid 20s revenue (this does low 20s), and YOU is massively profitable (this still isn't) and YOU has a big net cash balance and buys back stock (this one dilutes you) and 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
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 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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.