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For those that wanted more info on ROCK this video sums up their agtech business where they have cannabis exposure. Just a small part of their business portfolio.
Thanks for posting.
No question the industry is scratching the surface, just got to identify the winners. Same with gambling.
Man thanks for the due diligenceDoesn’t matter if the following is huge, what matters is their TAM, churn rate, sales growth and optionality. This isn’t a software company and you shouldn’t expect Nasdaq like gains.
now the numbers are good, analyst expectations of 30% growth next two years, positive EPS, software like GM’s at 70%, 20% operating margin. That’s a good company, no doubt. But it’s multiple is twice as big as LULU at 12.5X NTM sales. 3x as big as NKE.
FIGS looks like a solid company, profitable, growing, but it’s not a tech stock and shouldn’t carry the same valuation moving forward. So I’d temper expectations and be careful chasing. Like I said, 1/4-1/2 the size you want to have is fine, just don’t rush in thinking it’s going to $100 this year because, although that’s possible, it would mean the company is becoming overvalued (now if growth starts hitting 50%+ the narrative changes).
at a 6.95b MC, 30% revenue growth next two years, I think it’s fair to see this become a $12-15b company over the next 3 years.
if you like the company, set a bid at $36 and if you don’t want to miss out on a potential run, grab a starter
two tech IPOs I want to dive into: DOCS CFLT.
there’s too many companies that I love that will change the world that I don’t own enough shares in for me to invest in companies like that. I wear scrubs for work, I feel like I’m on shark tank when I say “I will be a customer, but not an investor” . Ima buy a pair soon…
I love this thread