Earnings season will soon be upon us and I can't stand by and watch the massacre that will happen when banks and financial advisors try to sell crashing companies
Since this is reddit I'll keep it short. We're in a high inflation period and heading towards a possible recession so record revenue is meaningless if costs are eating into profits, especially if a company is excessively spending money to prop up their revenue
If you want an example look at Door Dash. Analysts promoted the fact that they beat revenue expectations in April. If you chose to look at the revenue alone you would have been excited as they hit a record of $1,456.0 in revenue. But if you examined their operation income you'd see that they posted their second largest operating loss of (-173.0) slowly eating into their cash reserve.
Is this what a 29B company looks like?
Add onto the typical tricks used by institutional advisors: (i.e, Citi Bank Marking Dash a buy leading up to earnings after record inflation, gas prices, and a historical labour shortage. Simply put, be careful out there this game is ruthless
TL;DR, whoever said numbers don't lie should be dragged out and beaten with chains
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