6/14/24 :: VROCKSTAR :: 
BLDE
While we're on blast from the past names (go check out
POWW write up today on the whack move), i figured this should be a good oppty to update my thinking on $blde.
I've traded this oscillator since the IPO and probably my higher hit rate (i've only traded it long and made money 100% of the time, probably 10x over).
so it's one i'm very familiar with.
i call it "uber for rich people" or which is becoming "uber for rich people and dead people's organs"
both are great businesses, but the med biz is the real grower/ $TDMX is such an obvious buyer for this biz - but we can address that in the future.
so what's the latest here?
3Q's ago late '23 co reported +ve net income. heck yes! they told us all the seasonally the next q wouldn't be profitable but they're defn making progress toward that in '24. cool.
but the market for names that are tiny and not well institutionalized doesn't read press releases and so when they reported lower sales and op profit in 4q (early this year in Mar) the stock had an OMG WTF WEN GO PROFIT AGAIN
the smart money (hello btw) bout the LIVING DAYLIGHTS out of that dip to $2.5. it wasn't easy though i'll tell u. it never is. and it never gets easier (though it helps to see it many times in many situations so you can size manage and manage emotions too).
we slingshot way past fair value (which i was thinking was ~3ish and so when we touched $4 i was out in the low 3's already having gone "oh well").
well here we are again. sub $3. with a great business, the tourists back out of the stock having driven it higher w/ their expired options OTM and worthless. between $2.5-$3 is a sliding scale of value.
the stock has SO MUCH CASH that the enterprise value is $100 mm which is basically 2x gross profit growing teens. that's hella cheap for a breakeven biz this year inflecting next, w a high growth medical segment that keeps finding ways to grow faster.
competent management (thank gawd - at this size company u never know)
so it's a buy here <$3. for me it's a 1.5% position, but more a placeholder for me as i'd like to size up if we get some further risk off on the macro side of things and end up closer to the $2.5 mark again. it's an EXCELLENT stock to rent out to the tourists with high IV when it starts to pump. and that's a big consideration for the positions i take.
anyway. will update more if/as things unfold but wanted to drop my thoughts on a small cap that i believe is a multi-year compounder at a good value (not great) today and worth keeping on your radar.
have a good weekend fam
V
PS - DFV... deep f'kn value if u r not familiar with the roaring kitty's handle lol
BLDEWhile we're on blast from the past names (go check out
POWW write up today on the whack move), i figured this should be a good oppty to update my thinking on $blde.I've traded this oscillator since the IPO and probably my higher hit rate (i've only traded it long and made money 100% of the time, probably 10x over).
so it's one i'm very familiar with.
i call it "uber for rich people" or which is becoming "uber for rich people and dead people's organs"
both are great businesses, but the med biz is the real grower/ $TDMX is such an obvious buyer for this biz - but we can address that in the future.
so what's the latest here?
3Q's ago late '23 co reported +ve net income. heck yes! they told us all the seasonally the next q wouldn't be profitable but they're defn making progress toward that in '24. cool.
but the market for names that are tiny and not well institutionalized doesn't read press releases and so when they reported lower sales and op profit in 4q (early this year in Mar) the stock had an OMG WTF WEN GO PROFIT AGAIN
the smart money (hello btw) bout the LIVING DAYLIGHTS out of that dip to $2.5. it wasn't easy though i'll tell u. it never is. and it never gets easier (though it helps to see it many times in many situations so you can size manage and manage emotions too).
we slingshot way past fair value (which i was thinking was ~3ish and so when we touched $4 i was out in the low 3's already having gone "oh well").
well here we are again. sub $3. with a great business, the tourists back out of the stock having driven it higher w/ their expired options OTM and worthless. between $2.5-$3 is a sliding scale of value.
the stock has SO MUCH CASH that the enterprise value is $100 mm which is basically 2x gross profit growing teens. that's hella cheap for a breakeven biz this year inflecting next, w a high growth medical segment that keeps finding ways to grow faster.
competent management (thank gawd - at this size company u never know)
so it's a buy here <$3. for me it's a 1.5% position, but more a placeholder for me as i'd like to size up if we get some further risk off on the macro side of things and end up closer to the $2.5 mark again. it's an EXCELLENT stock to rent out to the tourists with high IV when it starts to pump. and that's a big consideration for the positions i take.
anyway. will update more if/as things unfold but wanted to drop my thoughts on a small cap that i believe is a multi-year compounder at a good value (not great) today and worth keeping on your radar.
have a good weekend fam
V
PS - DFV... deep f'kn value if u r not familiar with the roaring kitty's handle lol
Nota
you've been buying this pullback ($2.70s) into Wed AM results, right anon?V
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.