5/8/24 - $you - solid eps, floor in, buying pre mkt for MT swing

8 May 2024

5/8/24 - vrockstar - really a tough one to own b/c there are good cases to stay away (contract questions, issues in Cali) but they continue to beat, the conf call right now reflects great mgmt vision to grow the addressable pie, upgrading ARPUs (as lower contract sales in past roll over), mgn expansion, FCF growth +30% yoy. if you take the 1Q result and annualize it - you're at $75*4 = $300 which is in the teens. realistically that's conservative too. high short interest. i'm playing a reluctant pre market buy w/ stock already up 5%, but believe 1) these customers are more macro inelastic 2) fcf and net cash is KEY in this tape and 3) can extrapolate great '25 #s b/c '24 looks solid w/ growth + mgns.

8 May 2024

Not

ABSOLUTE SCREAMING BUY HERE. 10% position for me at $17. gl to all.