8/26/24 - $amba - More things that go hrmm @ $50

8월 26일

8/26/24 :: VROCKSTAR :: AMBA
More things that go hrmm @ $50

- sales are going in reverse. maybe this changes but idk if it's all that relevant in a ST valuation context. they aren't getting any traction with this product, apparently

- they pay out 3-4x their "FCF" generated in stock comp - this is an example where employees are incentivized to take it and dump. this is SNOW's problem (among other tech stonks going in reverse).

- i genuinely dunno if i'm going to short this or just stay clear. it's nothing i'd feel comfortable holding outside of earnings, if i did play the flip, i'd dump it. if it missed/ dumped there's a 0% chance i'd want to dip buy it.

- really question how this is still worth $2 bn.

- seems like a toxic asset. things that go hrmm.

V