Jul. 16 at 5:22 PM
$SRRK
We've recently posted analysis that shows SRRK trades at meaningfully higher revenue multiples than peers...and we mean meaningfully higher multiples. Though none of our posts are ever investment advice, if SRRK trades at meaningfully higher multiples than peers, a reasonable conclusion is that it suggests SRRK upside could be limited.
Be careful interpreting our SRRK analysis because today an investor purchased 6,000 SRRK
$60 calls (600,000 shares), expiring in August & September. We did not look at the trades in detail but directionally this person/group invested almost
$1MM in these 600,000 SRRK calls. It's our experience investors with this much money to speculate are much more experienced, savvy & wise than the 3 of us in this investor club.
Put simplest this investor may know something we do not. Of course it is illegal for investors to purchase securities with insider knowledge of non-public information.
This is not investment advice.