Mar. 17 at 6:51 PM
$BMBL Look at the Cashflows friends, this company with a market cap of only about
$600 mil @
$4 had operating cashflow of
$250 mil last year. The accounting losses in earnings were the result of how it went public. It was an UP-C where assets (goodwill & intangibles especially) were written up to market value at the IPO (this generates useful tax attributes). Essentially current accounting earnings losses are the result of its high valuation at IPO. Now the balance sheet is cleaned up, the term loan is refinanced, next up share buybacks. Get long, or if your short at least cover, or hedge with calls, or change to long puts. If not, bad things are coming your way. Buy you really should be buying here, this is an opportunity of rare magnitude.
