Value Investing So, what about the accusations Harry Markopolos made against GE? |
| So, what about the accusations Harry Markopolos made against GE? Posted: 04 Apr 2020 09:54 PM PDT In light of the large amount of fraud and subsequent fall of Luckin, I'm interested what /r/SecurityAnalysis thinks of Harry Markopolos' accusations in a report against $GE being one recession away from bankruptcy. (Text, long video, short video) I just thought about his accusations -- which seem like a lifetime ago the way things are going -- but it was only seven months ago, and it seems this will be the time to test it. Since I have a lot of free time, I'm going to look into this and I eagerly await to track GE, read its 10-ks, etc. Without looking much into it, I feel as though GE has enough cash on hand to weather the storm for now. But in the longer term, I seriously wonder about how pensions will affect their business. I'm going to start reading his report by doing a ctrl+f of "pension" and then read from the beginning. :) I don't have any intention of putting any money into the company, but I'm very interested in seeing whether Markopolos is correct, or if not, if it will even come close. [link] [comments]  |
| Does anyone understand why SHOP is still trading at a double digit revenue multiple? Posted: 04 Apr 2020 10:46 AM PDT I mean the business is focused on SMB, very exposed to consumer discretionary spend and (unlike other SaaS companies) the revenues aren't even recurring - why should this business have such a premium multiple to everything else (if anything, this is closest to SQ at 7x EV/ Revenues )? Even with the stock down 40% from highs, you would think this has a long way to go down - Visa commentary on consumer spending was horrendous, half the revenues are from small businesses (not Shopify Plus), revenues dependent on $ spent, very transactional - what am I missing? Sounds too easy FYI - I am thinking of buying some puts with May expiry, $200 target. [link] [comments]  |
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