4/25/24 - $vrsn - a better 10y that's it - vrockstar

25 Nis

4/25/24 - vrockstar - idk get this - liked/ traded it sub $10 to the long side... but good gawd the rip from last Q made zero sense to me. look at 4q vs. 4q gross profit gen vs. opex spent. going the wrong way. net cash fine, "gen's cash" but it's a lot of non-cash stock comp (and my rule is i only pay for this as cash if the stock is sustainably going higher). don't dislike the brand/ leadership, but this is too expensive for funds to own into this type. hate shorting but this w/b something to unload ahead of results if you own it in the green, and/or if we actually get some sort of beat that's not big but there's some short covering that drives it 5-10% higher - get out. i'll be shorting this on the open if that happens. that's my play (unless it's a "beat" in which case i return to review into the following print). don't need to play them all.