3/28/25 :: VROCKSTAR :: 
BLDE
sizing up 5%
- i've covered 2/3 of the position for aug exp $2.5 strike b/c the implied 13% yield in this chop for an asset which already trades below fair value for 5 mo looks way better than cash
- but 1/3 of the book which i just added on this ((ridiculous -6%)) move and just a factor-end-of-month-small-cap etc etc. thing... seems like good beta.
- valuation ex cash is $100 mm on this which is almost laughable considering they'll be the platform for all EVTOL in the future, have a great med biz that drove them to profitability. route density for consumer now puts that biz in the black too. so 11x EBITDA here going to 5x in '27 seems... "light".
baby and bathwater. these guys have executed exceedingly well. downside quite limited.
"happy" friday everyone playing this turd casino :)
V
BLDEsizing up 5%
- i've covered 2/3 of the position for aug exp $2.5 strike b/c the implied 13% yield in this chop for an asset which already trades below fair value for 5 mo looks way better than cash
- but 1/3 of the book which i just added on this ((ridiculous -6%)) move and just a factor-end-of-month-small-cap etc etc. thing... seems like good beta.
- valuation ex cash is $100 mm on this which is almost laughable considering they'll be the platform for all EVTOL in the future, have a great med biz that drove them to profitability. route density for consumer now puts that biz in the black too. so 11x EBITDA here going to 5x in '27 seems... "light".
baby and bathwater. these guys have executed exceedingly well. downside quite limited.
"happy" friday everyone playing this turd casino :)
V
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。