Investing General Discussion
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Sanrith Descartes
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I am starting to offload my industrials and take the profits off the board. I got the majority of the profit from Black Monday to now and going forward I dont see a lot of growth beyond their normal. A peaceful America under Trump for 4 more years is bad for the rocket and missile business. I will be happy with my 20-25% for six months and use the cash to fund something with higher growth potential.
LachiusTZ
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Sanrith Descartes
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At its 2020 financial numbers, it loses a 1$ per share for every 300 million in revenue it gets. Elon must be getting jelly.
Sanrith Descartes
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Take that money and buy TSLA. its still probably a bad decision but it will be more fun watching it roller coaster and you get a cult membership card with your purchase.
Sanrith Descartes
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set a price alert for when it trades above $1. it will pop and alert you and let you know it is live.
Blazin
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There is no set time, they just keep trying to line up the orders for an orderly open. It will open when the market maker says it's ready.
TJT
Mr. Poopybutthole
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Sounds like you read some of the financials...
Is this because of debt? Seems contrary to whatTJT says about it being massively efficient to not have that same efficiency internally
What I am referring to is sweat equity basically. If you're the first 10 to 100 people at a startup that makes it big part of taking the risk on that company/job at lower pay (sometimes) is that you get paid in equity via shares.
Sometimes this can get you a straight-up retirement amount of cash.
It's like this. Dave Employee #9 gets his equity in the form of being able to buy shares at $1. Even though the IPO went out the door at $100+
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Sanrith Descartes
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I posted their financials here yesterday morning. It has nothing to do with whatSounds like you read some of the financials...
Is this because of debt? Seems contrary to what
TJT
says about the product. In business its called acquisition costs. How much are they paying to grow revenue. Growth companies lose money while they grow revenue and the idea is they are "supposed" to stabilize that and actually make money on that revenue. Key word "supposed" to. See my previous post below.
Sanrith Descartes
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Sanrith Descartes
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It actually lost 7$ per share on 2.5 billion in revenue. I averaged it down to a per dollar number. The good news is that the cost per revenue rate decelerated from 2019. That is a positive they need to continue. in 2019 it lost $4 per share on like 900 million revenue.
TJT
Mr. Poopybutthole
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Worst case scenario for Snowflake is that their growth halters but they would still have enough hooks in companies around the globe to never really go out of business. Because database technology becomes monolithic in any company if given enough time. This is why ancient products like the 1980s mainframes, 1990s versions of Oracle, and all kinds of shit are still used in frightening quantities.
My company is talking about wanting to move to Google Cloud BigQuery. But the reason for it is because of the utterly retarded way you have to do business with Google. We are moving our product to the Google Cloud Marketplace and one of the conditions of being allowed on the GCP is that we have to spend $X amount over 4 years (over $1M per year essentially) or they pull the rug out from under us.
There are ways to mitigate that but they're all retarded too. This is the kind of shit you can pull if you're Amazon or Google.
My company is talking about wanting to move to Google Cloud BigQuery. But the reason for it is because of the utterly retarded way you have to do business with Google. We are moving our product to the Google Cloud Marketplace and one of the conditions of being allowed on the GCP is that we have to spend $X amount over 4 years (over $1M per year essentially) or they pull the rug out from under us.
There are ways to mitigate that but they're all retarded too. This is the kind of shit you can pull if you're Amazon or Google.
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