What did I miss????
$SPCX I mean obviously
$TSLA -- Do you understand you are paying one TRILLION dollars for options on cybercab and robots?
$ASTS -- $20b market for a space cell tower company with zero subscribers that will do less than $200m of revenue this year. Street estimates had been $500m for 2026e revenue in early 2025. They'll burn $1.7b this year, and their main competition, $SPCX , is light years (see what I did there) ahead in terms of commercial uptake.
$WDFC -- 5x sales and 40x earnings for a mid-single digit growing lubricants company? Give me a break.
$NBIS -- GPU data center or a they like to call it, "AI factory" company. The bull case at current valuations of $56b need them to generate 70% EBITDA margins ($CRWV is at low 60s and declining) on like $100b of revenue in 2030 unless GPUs don't actually depreciate . Just have to hope everything goes absolutely perfectly and that you can fund the whole thing relatively cheaply and MAYBE it can work. I doubt it. Meanwhile they trade at 15x FORWARD revenue.
$INTC -- Been getting their lunch eaten in data center CPU market share for several quarters now, but apparently having the US govt as a shareholder and increased demand for CPUs to handle agentic workflows is worth $400b of market cap. Much of the increase in CPU revenue 2026-2030 will go to NVDA-attached ARM CPUs or AMD. Meanwhile the stock trades at 100x forward earnings and negative FCF.
$UEC
- North American Uranium company trading at a mere 200x 2026e sales. Awesome.
$WMT -- 40x earnings for mid-single digit grower. 🤓
$OKLO / $SMR Many billions in market cap. Very little prospect of generating profits in the next 5 years, if ever.
Anything Quantum is a heaping pile of trash $IONQ , $QBTS etc.
#short #analyst/bireme-capital