So they trade at a 7.2 bil market cap. They have 6.2 billion in cash on the balance sheet.
If they start trading in the 7’s this company will be trading for free.
I really have no interest in owning robinhood. I don’t like the company, I don’t like the CEO and I don’t think brokerages are in a position of power right now.
However, I’m starting to feel that this is an easy 2x based on valuation. I think I’m gonna start a position tomorrow. Thoughts?
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