I came around a blog article discussing the P/E of SNOW and how it was touted as profitable by one of its large enterprise holders.
Turns out they've been paying employees with stock and not cash and they did not include those payments – to the extent of 500M – in the PL report. Because it is asset allocation, not an expense.
Yeah right.
What is your take on this? It's a high flyer like TSLA was and it may go still higher and it may stay high for a long time.
But at least from what it appears now they are burning cash – solid cash – and being totally a growth story.
My previous similar interest was TRUP, a year ago when they were around 120 and had insane P/E for a company that was consistently losing money and CEO that stated they intend to keep losing money in near future.
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