A Bunch of Stocks Getting Blown Up
Here are a bunch of stocks getting absolutely blown up over the last couple of weeks/months:

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Top Losers Today @ 11am
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Hedge Vision's avatar
$115.1m follower assets
Abdiel Capital Increases Cricut Exposure
Abdiel's Qualified Master fund has purchased ~600,000 shares of $CRCT just the past week alone.

They own 38.3% of all shares outstanding as of today, acting as an activist investor. Their most recent purchase was yesterday, September 22nd.

Cricut operates in a very niche market, more specifically the "cutting machine" market for DIY enthusiasts. This isn't your average knife attached to a motor; some Cricut machines can even cut wood or leather and print stickers/labels. Cricut offers a creative platform that is used by 5.4M people globally, making their product more sticky with a community aspect.

Here are 29 products made with the help of a Cricut machine: https://www.purewow.com/home/best-cricut-projects

Cricut reported Q2 revenue of $334.5M, beating estimates of $317.4M by 5.38%. Revenue grew 42.1% compared to Q2 2020.

Revenue breakdown:
43.7% - Connected business machines
41.1% - Accessories and material
15.2% - Subscriptions

Paid subscribers grew 77% YoY in Q2 to 1.77M.
Subscription revenue grew 110.9% YoY to $50.7M.

A Cricut subscription gives users access to perks like image rights, fonts, exclusive deals/discounts, and free shipping over $50. To be honest, this doesn't sound enticing at all.

Subscribers have an option between the Standard and Premium subscription. The free economy shipping over $50 option is only available for Premium subscribers. I think i'll stick with Amazon Prime. However, these packages are definitely selling, as evidenced by Cricut's paid subscribers and revenue growth.

Quick Stats:

-Market Cap: $7.12B
-IPO on March 25th, 2021 at $20. Trades at $31.90 today, up 59.50%
-Gross margin: 39%
-EV/NTM Sales: 4.9x

What do you guys think about Cricut? Just a fad, or the start of a cult-like brand, like Peleton or Tesla? With the start of re-opening and people going out more and completing less arts & crafts projects at home, Cricut would not be on my watchlist.

I own no position in $CRCT
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Sean's avatar
$98.8m follower assets
My Portfolio and What I Learned This Quarter
Had a really fun time talking about my portfolio, what I learned this quarter, my investing strategy, and what my plans are moving forward

Makes you think a lot deeper about what you’re doing when you type it out, even if you don’t share it publicly! As a result of that, I sold out of my $CRCT position yesterday to move those funds into higher conviction software companies I own and potentially buy ones I don’t like $TWLO

For each of my holdings, I go over my first buy, last add, why I invested and my plan for the future!


Oh ya! TWLO is one of those biz that I plan to hold for a while. They’re building a new fabric of the internet, show impressive growth (customers, ARR) every quarter, and stay ahead of competition 🙏🏼
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$CRCT - The closest thing to a unicorn.
Cricut is a high-growth company that is already insanely profitable and in the next phase of its business cycle (expansion stage) and, more importantly, trading at discount valuations.

$CRCT is our highest conviction play since purchasing $GME in Aug 2020 @ $8/share

My sister almost bought a cricut maker because she saw handmade items she liked using the tool on TikTok. How do you think $CRCT will handle the fad/phase of volatile popularity that is associated with internet trends?
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