Value Investing Jim Chanos - Casino Capitalism: Fraud, Mania & Euphoria On Wall Street | Hedgeye Investing Summit

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• Jim Chanos - Casino Capitalism: Fraud, Mania & Euphoria On Wall Street | Hedgeye Investing Summit
• The stagnation of Big Tech
• Detailed Analysis on Ant Group
• Facebook - The Bear Case
• Libsyn (LSYN): Long Thesis
• Happy hour followed by hangover: UK brewery bubble, 1880-1913
• AirBnB IPO Discussion

Jim Chanos - Casino Capitalism: Fraud, Mania & Euphoria On Wall Street | Hedgeye Investing Summit Posted: 30 Nov 2020 02:22 AM PST submitted by /u/investorinvestor [link] [comments]

The stagnation of Big Tech Posted: 29 Nov 2020 07:08 PM PST submitted by /u/BenDoverR8Now [link] [comments]

Detailed Analysis on Ant Group Posted: 29 Nov 2020 02:01 PM PST Ant Group's "history's largest IPO" was cancelled due to China's new microlending regulation. But it's still worth understanding its business model, financial fundamentals and how it can come back for IPO again after conforming to the new regulation. Here are a series of articles that provide detailed analysis on Ant Group and the new regulation. To understand Ant Group: Interpreting the New Online Microlending Regulations in China Part 1 - What You Need to Know About History's Biggest IPO Part 2 - How Big is Small? 7 Mind-Staggering Facts You Need to Know About Ant Part 3 - Decoding the Success of a Miniscule Behemoth (SMB Credit Edition) Part 4 - Decoding the Success of a Miniscule Behemoth (Consumer Credit Edition) Part 5 - Decoding the Success of a Miniscule Behemoth (Investment Markets Edition A) Part 6 - Decoding the Success of a Miniscule Behemoth (Investment Markets Edition B) Part 7 - Decoding the Success of a Miniscule Behemoth (Insurance Markets Edition) submitted by /u/countty [link] [comments]

Facebook - The Bear Case Posted: 30 Nov 2020 06:40 AM PST submitted by /u/current-asscoverer [link] [comments]

Libsyn (LSYN): Long Thesis Posted: 30 Nov 2020 06:32 AM PST https://gbcresearch.substack.com/p/liberated-syndication-lsyn-analysis?r=91lut&utm_campaign=post&utm_medium=web&utm_source=copy submitted by /u/AliasTrading [link] [comments]

Happy hour followed by hangover: UK brewery bubble, 1880-1913 Posted: 29 Nov 2020 08:10 AM PST submitted by /u/BenjyGraham [link] [comments]

AirBnB IPO Discussion Posted: 29 Nov 2020 04:43 PM PST I just got through the S-1 for AirBnB and wanted to share my thoughts and also get other opinions. It's pretty obvious that Airbnb is one of the best businesses in terms of economics. They do not own the properties they just work as a "broker" to connect hosts and guests. This business is a lot like the other gig economy businesses except, AirBnB can be profitable because they don't have the same issues that Uber/Lyft have of compensating their drivers. AirBnB hosts get to set their own prices for the property and then Airbnb takes a fee for facilitating the transaction. AirBnb is the classic example of a network effect business since the increasing number of hosts on the platform increases the number of guests who use the platform. AirBnb does have some competition but with the size of their network, and as pointed out on the S-1 , the phrase "Airbnb" has become a vocabulary word for many people, I don't see VRBO or other sites posing much of a threat. Regulations are a concern as with the other gig economy businesses. Municipalities putting regulations on the amount on nights hosts can lend out there properties to others will negatively impact businesses. However, Airbnb properties is so diversified location wise again I don't see much of a threat. The rumored valuation for AirBnb is around 30B. In my opinion this is a bargain price. Using Airbnb 2019 numbers due to covid, Revenue in 2019 was around 4.8B, taking an average P/S of similar gig economy businesses like Uber (6.8), Lyft (4.4), and Grubhub (3.9) gets me a valuation of AirBnB of 24B. However I think Airbnb deserves a much higher multiple because they have a much clearer path to profitability and likely have higher growth long term then all of them. I think an 8-10 P/S is not unreasonable in this market making the valuation between 38-48B These are just some initial thoughts and I'd love to hear other people's opinions and have a discussion about the IPO. submitted by /u/Comprehensive-Tea775 [link] [comments]

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