Initiated about 1/2 of a planned position. Saw a great technical setup so I took it!
Joey Hirendernath's avatar
A bit of insight into both parts would be very helpful.
Samuel Meciar's avatar
@joeyhirendernath So first of all my elevator pitch when it comes to my thesis would be that they will benefit significantly from Work from Anywhere trend as young demographics likes to travel and work flexibly. This has to do a lot with surging % of freelancers. I really like how the company thrived during the pandemic, and that's not really because of sales or profits, but because they improved their operations and managed to even improve their gross margins and profitability later. Their business is insanely scalable and doesn't require big investments when selling more. I also believe there's no similar competitor that would compete directly with the style of a business that Airbnb does. The data supports my theory since Airbnb is overwhemingly the 1st go-to app where travelers look for their stays and experiences. Even better, they are basically just a marketplace, so their margins are insane. As of the latest quarter, they had an 86% gross margin and about 37% net margin. Insane figures. Obviously there's lots more to like, like Brian Chesky x) but this is an elevator pitch afterall. In technical terms, I'm using the same indicator as I posted about a while ago, I saw a convergence of a strong support on Daily chart and on 30 minute and the market reacted to the point by bouncing back, so that was a signal for me to buy.
Joey Hirendernath's avatar
Could you give us a little more context on this Samuel ?
Samuel Meciar's avatar
@joeyhirendernath Which part exactly? Why I bought there or why I bought Airbnb specifically?

Author

Related

Already have an account? Log in