Here's what I have so far on PL:
Pros:
- At a low point: Price YTD is down 23% – took a beating after earnings on June 8th.
- Healthy Financials: Low Debt, Lots of Cash Flow, Revenue trending up (+31% YoY)
- Costs: Cost of Launching Satellites is going to keep coming down. (Thank you Rocket Lab, et al)
- Mandatory AI Fodder: The company generates tons of images. Breakthroughs in AI will make their data easier to analyze and therefore more valuable.
- Insider buying: On the 5th of April, Kevin Weil (head of product) bought $1M shares @ $3.64.
- Bonus: Cool geeky space company is good meme fodder.
Cons:
- Not profitable though founded 13+ years ago.
My positions: I have an open buy order for 1000 shares at $3.55 .
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