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@albertkang75
Albert Kang
$12.3M follower assets
Hold your winners.
56 following113 followers
My $SIVB trades
I like SIVB but I just couldn't resist TWLO.

$TWLO been on the watchlist for quite some time. A sharp fall along with the other growth names. Looking to build out some higher market cap positions first and then if still in this range will consider beginning to build a core position, but sitting on my hands for now
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My $F trades
These numbers don't completely add up as I sold a bit more than this. I hate selling any short term winners (only held for a little over a year) but only sold 20'sh % of my position.

Aww man, you sold the day after I put in my order for the Mustang Mach-e. I'm so excited about getting my hands on this beauty with a beast-mode, though it'll likely take 30 weeks :(
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Is this being unfairly punished for the HEYDUDE acquisition? While they issued debt and shares for the acquisition, it seems they can easily pay off any sort of interest with the amount of cash they generate. Also, HEYDUDE's are ugly as hell and so they are completely on brand! They also bought back 1B$ worth of shares last year at an average share price of 128$ and that is either a HUGE mistake considering the current share price or it is a massive indicator of what management thinks the business is worth. I personally think it is the latter.

Currently trading at a P/E of 7'sh while almost doubling revenue in the 2 years and throwing off just north of 500M of free cash flow last year. Shouldn't this be priced like a growth stock?

The discounted valuation is more than warranted imo. Buying back massive amounts of stock at $128 and then doing large dilution as a condition of the acquisition in the $80s and $70s is complete incineration of shareholder value and horrendous capital allocation. A result of that bad buyback is they had to issue over $1 billion more in debt to fund the acquisition, which is all on variable interest. Acquisition also seems to be done to obscure the topline from showing massive deceleration in the core business, they have problems with resin costs due to the outsourced nature of their manufacturing, and their Enterprise Value is far higher, net debt of over $2.4 billion, so the "discount" on P/E is not really a discount so much as accounting for their other funding obligations.
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