Aug. 19 at 3:13 PM
$CLOV Hack is accurate. So many wrong assumptions. His membership growth figures don't align, he assumes fixed PmPm, and fixed %ge of statutory contribution per dollar of revenue (which also doesn't align with his revenue figures). A FCFE model approach is fine but jesus, if you can't even get the inputs straight just screw off.
I've posted on seekingalpha before. How this got through an editor, I'll never know.