8/13/24 - $pltr - short at $30.5... 25x sales no gracias

8/13/24 :: VROCKSTAR :: $NYSE:PLTR
short at $30.5... 25x sales no gracias

- great company. stonk too stonky. fam i'll keep reiterating this - there's a differnce between company and stonk.

- 25x sales. it's not growing 100% yoy. it's growing in the 20s CAGR. that's fantastic. but i can find a bunch of other stuff growing in the same range (that are also great co's! i've written about a few! including CELH, TSM, even NVDA for goodness sake) that are trading far cheaper with equally formidable moats

- i'm currently adding 25 bps shorts for mid september expiries on my book as hedges. so while i'd like to say "this is a fundamental short" - it's objectively not. the stock just had too much of a move to the upside relative to what i believe is coming.

- will they benefit from a ""war"" headline? certainly. will they provide some super valuable services? yes, probably. do i think the mgmt is good? they're fine. would i spend time with them at an airport? not a chance in hell. but hey. that's just one man's opinion.

you do you. just know you're buying 25x sales. good luck. FAFO :)

V