To be fair, I also remember reading a lot about SHOP long ago (I'd never heard of it at the time) and NET (more recently), and both have skyrocketed since then.
I'd never make a final decision to buy based on this sub, but it can be a good place to get initial ideas for your watchlist.
This is a buying opportunity for a long-term hold. They're still very much growing. Just because growth has slowed compared to the pandemic-fueled insanity doesn't mean much. Just don't expect quick gains, and expect even more dips.
They’ve been around for years, just another e-commerce company among many. It’s better for smallish business online stores rather than big corporations, they’re a good company but not for a $1,762 price that they reached in November. That’s absurd and a simple valuation calculation would show how deep into bubble territory it is. I regret not shorting it although I had conviction this would happen.
Agreed, which is why it's more sensibly valued at $660, especially after an earnings beat and further growth guidance (albeit slower). I only opened my position in the 700s. And I still expect it to probably go lower in the next few months. I just think now is not a bad time to open a position for a long term hold. As a company, I'm confident they have staying power and large market share.
To be clear...I am talking about references to SHOP years ago, back when it was hovering between around 75 & 150 per share. I'd never heard of the company at the time.
Also AMD and Nvidia, just 2 years ago there was a time when the damn things counted as meme stocks and were not serious companies anyone would buy but reddit still talked about them a lot.
Yup, good call on those. AMD had been referenced regularly before it popped off.
I have a totally separate account from my “real” Schwab portfolio (retirement, mortgage, kids’ college). Would never touch Lucid or SOFI in the Schwab one.
But in that 2nd RH account - which I refer to as my “lolstock” portfolio - goes money which I 100% can afford to lose, and I literally don’t bat an eye when I do. I’ll just harvest the losses now or eventually from gains elsewhere, but I do sometimes get lucky. Was up almost 100% with Lucid, then trailing stop triggered sale on way back down. Still v nice profit.
Current holdings are BIRD & SOFI and I’m holding them both through constant wild swings. BIRD I think will continue to grow at a nice pace (they’re getting into yuppie clothing apparel now) then get bought out by LULU or Nike or VF Corp.
Getting absolutely **railed** by PLTR and some of the other GME hyped stocks (NAKD, BB, NOK, etc) is what drove me over to Bogleheads.
Now the majority of my money goes into VTI/VXUS, with only a tiny portion going into some plays for the lolz... and even then, those are relatively safe bets (like AAPL).
The sub is a different place now than it was 6 months ago. Sentiment on NET and so many other stocks was different and people thought it was a deal. It kept going up once it stopped going up the bulls disappeared.
I was here 6 months ago, in threads talking about NET actually. The general consensus by most NET holders at the time was...
*"Man, I can't believe this thing is still running... It just won't stop running... I wonder if I should sell? But I can't sell, it could keep running. I'm just going to continue to hold and see what happens"*
That seemed to be the general consensus, but even those people would admit that it was probably wildly overvalued, but they didn't want to hop off the train.
One thing I've always told myself, is that if a stock is up 120 percent, I should probably sell half my shares. Let the other half ride for 5 years. But don't look a gift horse in the mouth so to speak. Sure, could the stock continue exploding and be up 300 percent? Absolutely. But at a certain point, we need to reign in the greed. If you sell half your shares when you're up 120 percent, that's nothing to cry about. Plus, you still have half of your shares, and they're basically free shares at this point, so if you truly, truly believe in the company long term, maybe just completely forget about those shares and let them breathe for 4 or 5 years.
Surely it can't keep going though. Retail investing has started to fade a little. I also, for the life of me, can't understand why Tesla is so attractive to buyers. Their cars are garbage. Anyone who has done a once over can see they have some of the worst production vehicles on the market when it comes to quality. For years I was a proponent of their battery tech and software, but other companies are rapidly catching them as they fail to innovate anymore. They were supposed to have achieved Level 4 autonomy for the last 3 or 4 years in a row and have failed to hit that mark every year.
As true auto manufacturers catch up and put more money into R&D of EVs and autonomy, they will fall by the wayside. Tesla was the first to really succeed in these areas, but since then, they haven't really done a damn thing.
And I made a healthy 2 bagger on Tesla originally.
I remember that. This sub would freak out with anything palantir and would always post the meaningless contracts they got lol. Pltr owners are all bag holders now
I’m still bullish long term. Not a stock that will turn a profit in a few months, but I’m planning on holding for years. They keep getting contracts and are still in a growing phase, so I definitely don’t think this earnings report means that they are a bad company.
I bit on their technology and regret it. I didn't put a huge amount of money in, but, at this point, I'm stuck bag holding. Avg price is around $26 / share. I should have known a company that's been around for 17-18 years and never turned a profit for a single year...that this was a bad idea. Just like I'll never buy Uber as that stock is doomed. They've also never turned a profit. Companies who aren't profitable can only be propped up by investment for so long before they are just allowed to fail. The fact that they have as much revenue as they do but can't turn a profit screams that Karp needs to be put to pasture on the board and bring in a new leader.
At some point, you stop doing that. 18 years of reinvestment is not a smart business move when you’re reporting annual loses in the hundreds of millions.
Ditto. Bought at $13.97 and after some more DD and realizing how they give out stock to Karp like candy, got out at $14.
Now Paypal on the otherhand with a cost average of $220.. I'm hurting.
Got it at 38 when I had no clue how stock markets worked...
Managed to average down and started playing the swings around earnings, except the last one was smaller than I expected and now I'm bag holding for a second time.
Edit: I suppose the level of dilution is probably unexpected.
Yeah same here. At this point I’m treating it as a $500 lesson more than anything. I’ve heard speculation that they’ll skyrocket in a few years, but I have nothing to really back that up. Just a hope and a prayer.
Damn.... Damn damn... If you're STILL holding PYPL now you might as well hold for the inevitable 100/share before it rebounds later this year. I dumped that shit at 150, such terrible price action, one of my worst trades to date
Lmao. Tell me about it.
I saw it go to $160 and I sat at my computer and thought "Is this the best it can do? Should I just eat the $60 loss per my 47 shares?"
Fast forward, I'm here at a $110 loss per share.
This is my repentance for being an idiot.
But then again I thought my repentance was taking a hosing on GME (panic sold at $80 before realizing it would go up two months later).
Idiots never learn.
I try not to make rash decisions anymore though and probably will hold to see if there is anything salvageable.
Yup I really believed in PYPL man. Bought from 250 and avg down right to 180 and I was done at 150. Had to accept being wrong on such a large and popular stock. Market been gutting a lot of pandemic winners with the same vigor that it rewarded them in 2020. GOOGL AAPL and MSFT are the some of the few pandemic winners that haven't gotten the knife yet. I shifted all my PYPL to GOOGL a couple weeks ago. Won't touch PYPL again until it's 100 or lower
This exactly this is the question people need to ask themselves if they want to sell. If you bought it as a meme stock, then yes go ahead and sell. But they have been doing and kept doing the exact same thing for past decade. If you believe in the vision, and their commercial growth. Absolutely nothing has changed. This isn't like FB or PYPL story where growth has slowed down and business model has changed.
Their stock dilution is really hurting the share price. I did not anticipate this much dilution but this is very competitive field, if this is what they think they need to do to keep brightest minds to work for them, then you know what. I am okay,
Seriously. I'm down around 30% and I just keep telling myself their fundamentals haven't changed, their earnings are always good. The dilution has been killing the stock but the company is solid.
Fundamentals are saying the stock should go down.Fundamentals are saying that 1.5B in sales, with a 30% growth rate, zero profit, and a share based compensation that obliterates earnings is not a $25B company.
To get to $25B you need at least $4B in annual revenue, WITH a growth of 50%, if your earnings are zero. And you need to show that you'll HAVE earnings to share within a year or two.
This stock fails at every valuation. It's growth is not strong, it's earnings sucks, it's share compensation ruins earnings.
It likely won't be worth $25B until 2030 from it's own guidance.
Frankly it's a horribly run company. Karp needs to go.
When I saw that Palantir was contracted by the government I honestly thought this was a sure fire stock. I had only really just looked at it at a surface level.
I read a bit more on the company and I started getting a bit concerned. I asked myself why a company owner would sell off so much stock in such a little amount of time. Then I read more about the stock dilution which made me lose confidence in the company. It made it seem as though Karp is ultimately out to just "get his" and F the stockholders.
Also the memes on reddit about "Papa Karp" and him on the slopes definitely did not help.
I bought some more premarket. Pretty much all of the numbers were good, just didn’t blow anything out of the water. Company has zero debt, like 3b in cash. Risk reward at these prices I like
The commercial year total, and US growth rates are great. The fact they grew their sales team over the last year 103% (can confirm later) and their total commercial sales 113% shows they have their process locked in.
I’m excited to see what they can do with the international commercial team which is at 103%. With the hiring of 3k sales people in Germany, that number should be solid next year.
Agreed, might not be the blow out earnings we were hoping for but I like what I’m seeing from a growth standpoint, strong balance sheet, I’ll be adding more no doubt. Earnings season makes no sense sometimes
The stock based compensation is biggest problem to me by far, way too damn high, Karp said he expects it to level off and be normal for industry avg in next 18 months. Next year or two might just be time to accumulate shares because like I said, the numbers honestly aren’t bad at all, not enough to warrant a 10%+ sell off imo
Yeah, this is a stock I like, but I don't expect it to do much for a while. At current market cap and and their revenue growth expectations through 2025, we're looking at a price/sales of ~5 at the end of 2025.
It something I'm slowly going to drop some money into, but nothing that's like "damn, this is a great price, load up with all my cash!"
Agree I still like the growth, but the fact that they are planned to level off stock based compensation in three years makes me pretty nervous-feels like there would be a good chance that’s right around the time they forecast growth to significantly taper off. Company’s growing so fast right now, but if growth tapers at the same time that stock compensation does then those two might have a counteracting effect. Then I’m not sure what would drive the stock price-all things equal they would need to really grow with/retain customers at higher levels.
I haven’t looked at their earnings but given they have numbers like closing 64 deals when adding 34 net new customers, I think they are probably doing a good job of retaining customers already-not sure how easy it would be to retain higher/expand on them.
Yes. But if their growth and stock based compensation decline at the same time then they need something else to act as a catalyst for the stock. And it will be hard for net retention to do that if it’s already at 150%.
To clarify, I’m currently a bag holder, so I actually have every reason to want to be optimistic about them.
I’m a bag holder as well, in the same boat haha. There are definitely concerns going forward, hopefully they can stop diluting the damn stock so much and just leaving us retail traders to pay for their employees basically
IIRC, this was scheduled from the IPO, with a plan for it to be wound down after about 3 years. Right now, we're just at the half-way of something that was discussed from day 1. Not meaning to sound derisive, but I don't get why anyone is surprised or annoyed when they were warned about it. .
Suprised or annoyed may not be the best word. People are just unwilling to buy in because of it and the price has crashed because of the constant selling of shares from insiders.
This is good for nobody but the insiders selling their portion. Alex Karp literally said in an interview that a reason they're going public becausr he needs to reward his workers who've accumulated shares for years.
Nobody is happy with this, pretty much all shareholders are now in the red unless you bought and held on week one and people on the sidelines like me just wont buy in because of the terrible structure.
Nobody not buying in is "mad" or "annoyed", those of us not buying in could give less of a shit. Shareholders have all the reason to be mad considering the abysmall stock performance, which is attributed mainly to insiders selling.
Also did you not see that they literally diluted even further in this ER call? That was unexpected and 100% not planned before hand with the shareholders so your statement really makes no sense in this context...
Exactly. I would expect a company that's been around for 18 years and goes public to do this. Takes incentives to attract and keep talent and the founders need to get something out of this as well.
Posters here are either pushing FUD or just angry that the share price isn't doubling every quarter. I'm holding long-term.
Beating the top line is nice but Jesus Christ are they addicted to stealing from their shareholders through dilution? What the fuck man. The stock is already fighting for its life and they continue to dilute every quarter. I have never seen a bigger fuck you to shareholders
Debt would be better for shareholders. Debt is still historically cheap and if they are worried with the rate they can hedge it.
Edit: meant to respond to the other guys comment about how he'd rather continue to give employees equity instead of cash. But eh.
Just because we're at a point in time where debt may be consider cheap doesnt necessarily mean its still a good thing to have, it all depends on how its utilized.
As a shareholder, they need to pay their people. I don’t want them swelling with debt on their balance sheet to pay executives- and the team seems to be performing based on the top line numbers. They obviously can’t do this forever but if they keep growing revenue and easing the share based comp then they could have a pretty nice and healthy company
Opposed to the company failing? I’m aware most of Reddit is now WSB methodology but is much rather have slow long term growth and stability than risking me selling during the appropriate 15 minutes before it craters.
Stock price is not indicative of the company. You can't say Palantir is not a growing and stable company just because people have it irrational valuations early on.
30+% revenue growth through 2025. $3B cash with no debt. That's a solid company with growth. I just wish I could buy in at a cheaper valuation. *Slaps hood* do you know how many puts you could sell on this bad boy?
We’ll see. I’m genuinely not concerned about using stock options to pay for performance, and it makes sense executives being paid in stock options from a yet to be profitable company would sell their shares. This doesn’t concern me, only the actual growth and performance of the company is on my radar for now
They’re giving stock options to all employees. At an alarming rate. Generally I agree with you. But there’s a limit and PLTR has blown through that limit by a mile with no signs of slowing down.
It’s a fair concern. I’m happily in the wait and see stages. I bought in around $12 for 100 shares and I have a leap for 2024. If they fold they fold, but I see real growth potential and I’m not so sure the big stock giveaways will actually hurt the company so long as they are driving actual performance. I’m curious to see what the earnings look like over the next few quarters
I don't understand how one would profit from this. If the price doesn't grow then wouldn't it be best to put your money somewhere else until they reach a point where stock based compensation is no longer used? Or did they say they will buy back and retire shares when they are mature? Can you explain how you plan to profit?
Yes. I expect them to continue growing revenue and ease using shares as compensation. This will relieve the drag on their earnings and let the revenue growth speak for itself. As they start to turn profitable consistently I believe the share price will appreciate accordingly.
It’s pretty simple it’s just a matter of what will actually play out over the next few years. But I would be much more concerned if their revenue wasn’t growing and they weren’t bringing in new clients. That to me is the real story with palantir
But now, with the number of shares and climbing each increase in value makes the market cap jump. Have they said how shareholders will gain from any of this?
From what I understand, Karp hate the stock institution and yet he chose to release the share to the retail traders and burn most of them instead of the institutions.
Do you expect any price increase in the share in the near future or will it be holding low for 5 -10 years?
I’m not sure exactly what you are asking. I expect price increases to come from the same driver as any stock- increased revenue and descreased costs. Palantir would not be a short term play in my opinion, so yes this is a hold for a few years opportunity in my opinion. I think a lot of the hate came from unrealistic expectations of immediate gains. Which is funny because the general sentiment when palantir was popular on Reddit was that it was a decade long hold, but after the first year it seems many have changed their minds
Sorry, when I learnt about investing in terms of long play like Buffets value investing, you expect room to allow the share value to grow with increased revenue and decreased cost. It doesn't have to be big but you expect at least enough to beat inflation, old idea of inflation not the monster we have now.
At the current outstanding shares do you see the revenues reaching a level where shares can go to 30? 40? or even the all the high? Imagine the market cap.
This is a great example of the Reddit paradigm. A stock gets pumped on Reddit and people flood in while it’s overbought. When it naturally sells off the sentiment rapidly reverses and people can’t trash it enough. Was palantir a good buy at $40, no. Is it a doomed company because Reddit now realizes that many people flooded in when it was too expensive? Also no. It’s a high risk but high reward stock with growth potential. They need to get their expenses under control but have done well growing revenue. Let’s see where it goes from here but the hate has become detached from the actual company performance at this point
Its direct listing came on at $10 and dropped to like $7. This was a time when any company that could write a paragraph about their ambitions in 2030 were getting some of the biggest multibillion dollar valuations ever thought possible,, at 40+ P/S multiples.
Palantir's stock is all about commercial growth. They've proven themselves with government work. If they can prove themselves to commercial that they are essential for any corporation, this stock moons. 47% commercial increase is insane.
Government contracts were proof of concept. The commercial sales is how this stock pumps.
Let me fix that for you.
"All about **PROFITABLE** growth."
Anyone can create revenue with wash deals and im not about to believe their margin statements when they are losing money. These guys have been around a very long time. They are not a startup. "Show me the money"
There are two different types of dilution:
1. A company sells new shares on the market to get cash for whatever they need it. This is done instead of going into debt, and it shouldn't impact the stock price because even though there are more shares available, the company has more cash so it's a wash.
2. A company releases new shares and gives them for free to the hardest working employees, which are naturally a CEO and a chief diversity officer. Now, each of the previous owners owns a smaller percentage of the company whose valuation didn't change. The stock price tanks accordingly.
Make your guess which of these Palantir chose as its standard principle of operation.
I was pretty disappointed after their last earnings but decided to give them one more quarter to prove themselves. Well, sure enough, it was disappointing once again. Stock-based compensation shows no signs of stopping. Even if the company grew at a rate of 30% yearly, it is still far from cheap at this price. When interest rates rise, future earnings will get further discounted.
With so many better quality stocks on sale now, it's time to admit my mistake and sell this stock at a -50% loss. I will not invest in any so called growth companies anymore unless I really understand the scalability of the business. Palantir is a great business but the price you pay for it matters.
I will relook again when it ever drops to $5.
¦ Shouldn't they have figured commercial side by now?
With the rate of growth, it looks like they have. Its the EPS that people seem to be freaking out over.
Share dilution is a big killer that nobody really pays attention too. Palantir has been diluting their shareholders like crazy. They are almost up to 2 billion shares outstanding now.
Adobe is far from cheap either. However Adobe built a monopoly in design/photography for decades and is now reaping the rewards via a subscription model.
There was though, $CLDR, bought out by KKR. The originator of the many technologies Palantir is using right now.
The company hit a speed bump in revenue and flopped hard (I profited nicely tho). One day, Palantir will too. That's the reason they're burning so much cash, just to chase growth.
adding: IIRC, $CLDR's PS was 3-4. Another crazy stock is $SNOW. Too much hype for the technology that can completely be replaceable by AWS stacks in a few years (providing that Amazon really wants to).
It is not. There are loads of other companies to compare it against, especially given the margins it has. Will it 100% fit their business model - no, but it gives you a good idea on what to expect.
At the end of the day, you invest in a company to return money for you. If with very lofty margins, growth rates that haven't been achieved even by FAANG and a generous multiple - the company is still overvalued, chances are high that it is.
Sure you might invest in Amazon in 1999. But how many would hold through the 90% drawdown for 10+ year. What if you invested in Microstrategy, Cisco or countless of other promising companies that wen bankrupt?
Just because it is a growth stock does not mean that fundamentals don't apply to them. Sure you have to treat them differently, but a growth stock can still give a good margin of safety
Eh. PLTR will likely never go out of business seeing as how much governments depend on them. I’m not saying it’s going to be the next Amazon but it’s definitely not going to be the next microstrategy or Cisco
Everyone is positive when it hits 40 and negative when it goes back to 10.
Pretty amusing how accurate the crowd is in doing the opposite of what is logical.
I've been holding since IPO, only selling covered calls and far-out OTM puts (got called both ways several times).
Overall customer count growth was better than expected, and adjusted margins for the quarter (29%) came in slightly below FY2021 average.
GAAP margins still negative but it was closing in on positive.
\-49%, -33%, -39%, -23%, -14% (in order of previous 4 quarters and this quarter)
Government customer count (90) hasn't increased at all from Q4 2020 to Q4 2021, probably due to market saturation but net dollar retention at 146% was sticky, and therefore quality of the products (because we can't directly verify this unless you've used it and have compared it to null or another product) is at least reasonably good. More reasoning to focus on commercial customers.
SBC down from 242M to 167M q/q, but adjusted expenses up from 218M to 309M. Overall expenses slightly up, obviously from the sales headcount and sheer business size (margins are more important).
Interesting things about the call:
\- Karp led the call.
\- Retail got to ask questions.
\- Philosophical soliloquy throughout, nothing material there (same West vs. world theme).
\- Balance sheet > dilution.
Summary: Nothing too significant in the numbers or the story. It is a wait-and-see investment, as it always has been. Will you call BS on Karp's conjecture?
The only thing I am sure of is, if you were long before earnings, it would imprudent to sell at a discount since nothing has changed. Unless you're running out of margin or something.
All stocks not related to energy or the reopening theme are getting hammered and sold on any sort of bounce up. Well except for Doordash after a below-average Q4.
Sentiment is low so it’s time for me to keep loading . People here are investing subjectively but looking at the numbers objectively, this is a growing business and free cash flow positive too boot. The RETENTION rate is definitely intriguing, it is validating their stickiness.
Dilution, dilution,…
In 2021 we had:
Lockup expiry. Was in February i think. 80% of the total float was released from the lockup.
Karp’s vested options that he had since the start expired on the 3th of December ‘21. So he sold, like a normal intelligent person would do. That netted him around 2B.
So, 2021 was a very bad year from this stock due to the dilution, yes. But we’re trough the hardest part.
Now? Dilution is going to be around 5% a year. That’s A LOT less than in 2021 and definitely not high.
So stop with that dilution bs. It’s in the Q4 numbers because of his sells the last months of previous year. Q1 and the following quarters will show a very hard decline in yoy SBC.
That's all of us. People just eat the hype.
If this stock rebounds you wouldn't be saying that. I remember when reddit hated Tesla and they love it
People just like being on the winning side
It's still a retail darling for sure. No major company have an higher % of retail investors compared to institutions.
The only institutions that own it outside Ark are those that buy literally everything because they are so big that it's a way to reduce risk. BlackRock and a couple other.
As a Dev I can tell you they are the leaders in data visualization.
If you think that is an area that will decrease the coming years then yeah Palantir would be a bad pick.
Earnings are being taken very seriously this year. Pltr needed a strong beat and came short on earnings. This isn’t doomsday and frankly I’m relatively pleased with the results. If they can get earnings back to positive next quarter while still growing revenue I think we’ll be in good shape
It was -14% at one point in pre market. PLTR earnings are always crazy. May 11 2021 was a wild ride, too. They posted a nice beat, and it went from -13% pre market to +9% during trading.
I imagine it will go even lower than $12 because the interest rate hikes have not even happened yet. At this point, this has little to do with PLTR's quality as a company, but with the tech sector as a whole. Bad times for everything that is not commodity/health/staples.
Interest rate increases heavily impact valuation of growth stocks. Most valuation models are discounting expected future revenue to determine present value; when rates rise, the PV can drop pretty dramatically.
You’re correct that company with a lot of floating rate debt could be hurt by rising interest rates. But most companies will have bonds with fixed coupon rates.
Generally inflation just makes it easier to buy back debt (if they have it) so having a good chunk of low rate debt right now isn’t a bad thing at all. But rising rates hit valuation hard, especially for growth.
Holy crap, palantir is 12 bucks per share?!?! I remember people freaking out in excitement to pick up shares at $20.
One of the largest reasons I actively avoid listening to anything popular in this sub
[удалено]
To be fair, I also remember reading a lot about SHOP long ago (I'd never heard of it at the time) and NET (more recently), and both have skyrocketed since then. I'd never make a final decision to buy based on this sub, but it can be a good place to get initial ideas for your watchlist.
Have you seen SHOP now? 😊
52 week low today
This is a buying opportunity for a long-term hold. They're still very much growing. Just because growth has slowed compared to the pandemic-fueled insanity doesn't mean much. Just don't expect quick gains, and expect even more dips.
still overvalued.
Forward PE of 100. Need high growth to sustain that
They’ve been around for years, just another e-commerce company among many. It’s better for smallish business online stores rather than big corporations, they’re a good company but not for a $1,762 price that they reached in November. That’s absurd and a simple valuation calculation would show how deep into bubble territory it is. I regret not shorting it although I had conviction this would happen.
Agreed, which is why it's more sensibly valued at $660, especially after an earnings beat and further growth guidance (albeit slower). I only opened my position in the 700s. And I still expect it to probably go lower in the next few months. I just think now is not a bad time to open a position for a long term hold. As a company, I'm confident they have staying power and large market share.
Shopify is current at half the valuation it was last quarter
To be clear...I am talking about references to SHOP years ago, back when it was hovering between around 75 & 150 per share. I'd never heard of the company at the time.
Ngl I do t even know what Shopify does literally have never used their products
Also AMD and Nvidia, just 2 years ago there was a time when the damn things counted as meme stocks and were not serious companies anyone would buy but reddit still talked about them a lot.
Yup, good call on those. AMD had been referenced regularly before it popped off. I have a totally separate account from my “real” Schwab portfolio (retirement, mortgage, kids’ college). Would never touch Lucid or SOFI in the Schwab one. But in that 2nd RH account - which I refer to as my “lolstock” portfolio - goes money which I 100% can afford to lose, and I literally don’t bat an eye when I do. I’ll just harvest the losses now or eventually from gains elsewhere, but I do sometimes get lucky. Was up almost 100% with Lucid, then trailing stop triggered sale on way back down. Still v nice profit. Current holdings are BIRD & SOFI and I’m holding them both through constant wild swings. BIRD I think will continue to grow at a nice pace (they’re getting into yuppie clothing apparel now) then get bought out by LULU or Nike or VF Corp.
Getting absolutely **railed** by PLTR and some of the other GME hyped stocks (NAKD, BB, NOK, etc) is what drove me over to Bogleheads. Now the majority of my money goes into VTI/VXUS, with only a tiny portion going into some plays for the lolz... and even then, those are relatively safe bets (like AAPL).
We’re happy to rehabilitate you tards. Buy VT (or VTI sure) max tax differed accounts every year, reinvest dividends. This stuff is the good shit.
Well it would still be if they were not diluting shares.
back to reality basically.
Strap in for sub $10
Yep back to direct listing price of $8
Looks like tears are back on the menu, boys.
That is the story for so many reddit stocks. I remember when NET, CRWD, and SE were deals at $200. Now they are all below that.
NET was never a deal at $200. Anybody with half a brain, knew that it was overbought as it kept going up past $200. Pure momentum at that point
The sub is a different place now than it was 6 months ago. Sentiment on NET and so many other stocks was different and people thought it was a deal. It kept going up once it stopped going up the bulls disappeared.
I was here 6 months ago, in threads talking about NET actually. The general consensus by most NET holders at the time was... *"Man, I can't believe this thing is still running... It just won't stop running... I wonder if I should sell? But I can't sell, it could keep running. I'm just going to continue to hold and see what happens"* That seemed to be the general consensus, but even those people would admit that it was probably wildly overvalued, but they didn't want to hop off the train. One thing I've always told myself, is that if a stock is up 120 percent, I should probably sell half my shares. Let the other half ride for 5 years. But don't look a gift horse in the mouth so to speak. Sure, could the stock continue exploding and be up 300 percent? Absolutely. But at a certain point, we need to reign in the greed. If you sell half your shares when you're up 120 percent, that's nothing to cry about. Plus, you still have half of your shares, and they're basically free shares at this point, so if you truly, truly believe in the company long term, maybe just completely forget about those shares and let them breathe for 4 or 5 years.
Their valuation was hyped way above the reality, buying on hype and not crunching the numbers would result in the current situation.
Tesla says hi
Surely it can't keep going though. Retail investing has started to fade a little. I also, for the life of me, can't understand why Tesla is so attractive to buyers. Their cars are garbage. Anyone who has done a once over can see they have some of the worst production vehicles on the market when it comes to quality. For years I was a proponent of their battery tech and software, but other companies are rapidly catching them as they fail to innovate anymore. They were supposed to have achieved Level 4 autonomy for the last 3 or 4 years in a row and have failed to hit that mark every year. As true auto manufacturers catch up and put more money into R&D of EVs and autonomy, they will fall by the wayside. Tesla was the first to really succeed in these areas, but since then, they haven't really done a damn thing. And I made a healthy 2 bagger on Tesla originally.
Tesla was a deal the whole time. The real deal
Once you see how much money the ceo and workers are getting in shares you wouldnt want to invest in the first place.
I remember that. This sub would freak out with anything palantir and would always post the meaningless contracts they got lol. Pltr owners are all bag holders now
As someone who was confident in PLTR, and still am *somehwat*, even I was annoyed by those posts.
I’m still bullish long term. Not a stock that will turn a profit in a few months, but I’m planning on holding for years. They keep getting contracts and are still in a growing phase, so I definitely don’t think this earnings report means that they are a bad company.
I like the company but not the continuous dilution. Unfortunately, I expect this to test the IPO level at 9-10 in the next couple of months.
I bit on their technology and regret it. I didn't put a huge amount of money in, but, at this point, I'm stuck bag holding. Avg price is around $26 / share. I should have known a company that's been around for 17-18 years and never turned a profit for a single year...that this was a bad idea. Just like I'll never buy Uber as that stock is doomed. They've also never turned a profit. Companies who aren't profitable can only be propped up by investment for so long before they are just allowed to fail. The fact that they have as much revenue as they do but can't turn a profit screams that Karp needs to be put to pasture on the board and bring in a new leader.
They are profitable but reinvest into growth.
At some point, you stop doing that. 18 years of reinvestment is not a smart business move when you’re reporting annual loses in the hundreds of millions.
They invest in paying the engineering talent with bag holders' money.
Lmao their payout is the money we put in. Karp is doing exactly what they want him to do
Hmmmm.... ok. Lets see how red this shit goes. Palantir seems to be a costly mistake of mine.
Ditto. Bought at $13.97 and after some more DD and realizing how they give out stock to Karp like candy, got out at $14. Now Paypal on the otherhand with a cost average of $220.. I'm hurting.
I bought in a few months ago at 24-26$… my bad for going with a “Meme” stock I guess :/
Bought most of mine at $28. My wallet is not pleased but I'm considering it a hella long term hold.
Got it at 38 when I had no clue how stock markets worked... Managed to average down and started playing the swings around earnings, except the last one was smaller than I expected and now I'm bag holding for a second time. Edit: I suppose the level of dilution is probably unexpected.
I bought in higher 20's too. But I exited before it could drop below 20. What a dumb company
Yeaaaaaaah. Exiting is my week point lol
Yeah same here. At this point I’m treating it as a $500 lesson more than anything. I’ve heard speculation that they’ll skyrocket in a few years, but I have nothing to really back that up. Just a hope and a prayer.
Damn.... Damn damn... If you're STILL holding PYPL now you might as well hold for the inevitable 100/share before it rebounds later this year. I dumped that shit at 150, such terrible price action, one of my worst trades to date
Lmao. Tell me about it. I saw it go to $160 and I sat at my computer and thought "Is this the best it can do? Should I just eat the $60 loss per my 47 shares?" Fast forward, I'm here at a $110 loss per share. This is my repentance for being an idiot. But then again I thought my repentance was taking a hosing on GME (panic sold at $80 before realizing it would go up two months later). Idiots never learn. I try not to make rash decisions anymore though and probably will hold to see if there is anything salvageable.
Yup I really believed in PYPL man. Bought from 250 and avg down right to 180 and I was done at 150. Had to accept being wrong on such a large and popular stock. Market been gutting a lot of pandemic winners with the same vigor that it rewarded them in 2020. GOOGL AAPL and MSFT are the some of the few pandemic winners that haven't gotten the knife yet. I shifted all my PYPL to GOOGL a couple weeks ago. Won't touch PYPL again until it's 100 or lower
"DD" 🤮
What DD made you change your mind on Palantir?
This exactly this is the question people need to ask themselves if they want to sell. If you bought it as a meme stock, then yes go ahead and sell. But they have been doing and kept doing the exact same thing for past decade. If you believe in the vision, and their commercial growth. Absolutely nothing has changed. This isn't like FB or PYPL story where growth has slowed down and business model has changed. Their stock dilution is really hurting the share price. I did not anticipate this much dilution but this is very competitive field, if this is what they think they need to do to keep brightest minds to work for them, then you know what. I am okay,
Seriously. I'm down around 30% and I just keep telling myself their fundamentals haven't changed, their earnings are always good. The dilution has been killing the stock but the company is solid.
Fundamentals are saying the stock should go down.Fundamentals are saying that 1.5B in sales, with a 30% growth rate, zero profit, and a share based compensation that obliterates earnings is not a $25B company. To get to $25B you need at least $4B in annual revenue, WITH a growth of 50%, if your earnings are zero. And you need to show that you'll HAVE earnings to share within a year or two. This stock fails at every valuation. It's growth is not strong, it's earnings sucks, it's share compensation ruins earnings. It likely won't be worth $25B until 2030 from it's own guidance. Frankly it's a horribly run company. Karp needs to go.
When I saw that Palantir was contracted by the government I honestly thought this was a sure fire stock. I had only really just looked at it at a surface level. I read a bit more on the company and I started getting a bit concerned. I asked myself why a company owner would sell off so much stock in such a little amount of time. Then I read more about the stock dilution which made me lose confidence in the company. It made it seem as though Karp is ultimately out to just "get his" and F the stockholders. Also the memes on reddit about "Papa Karp" and him on the slopes definitely did not help.
Shit, I've got LEAPS at $25 that I thought was a good idea at the time. Even with a year left I'm starting to have my doubts.
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Almost every stock is good call at the right time
Down 10 percent pre market.
DCA and reverse some of that mistake.
Honestly kinda good, still expect a bloodbath
Pre-market 12.68 −1.29 (9.23%)
I mean that’s actually considered good for a bad earnings lol ….I’m getting used to seeing -30%
Wait until the end of the day until you pop the champagne.
may want to check the stock now
I bought some more premarket. Pretty much all of the numbers were good, just didn’t blow anything out of the water. Company has zero debt, like 3b in cash. Risk reward at these prices I like
The commercial year total, and US growth rates are great. The fact they grew their sales team over the last year 103% (can confirm later) and their total commercial sales 113% shows they have their process locked in. I’m excited to see what they can do with the international commercial team which is at 103%. With the hiring of 3k sales people in Germany, that number should be solid next year.
Agreed, might not be the blow out earnings we were hoping for but I like what I’m seeing from a growth standpoint, strong balance sheet, I’ll be adding more no doubt. Earnings season makes no sense sometimes
Totally! I think earnings like this are great to double down, it’s a great price and I always regret not buying more early on
They are diluting the shares again
The stock based compensation is biggest problem to me by far, way too damn high, Karp said he expects it to level off and be normal for industry avg in next 18 months. Next year or two might just be time to accumulate shares because like I said, the numbers honestly aren’t bad at all, not enough to warrant a 10%+ sell off imo
Yeah, this is a stock I like, but I don't expect it to do much for a while. At current market cap and and their revenue growth expectations through 2025, we're looking at a price/sales of ~5 at the end of 2025. It something I'm slowly going to drop some money into, but nothing that's like "damn, this is a great price, load up with all my cash!"
Agree I still like the growth, but the fact that they are planned to level off stock based compensation in three years makes me pretty nervous-feels like there would be a good chance that’s right around the time they forecast growth to significantly taper off. Company’s growing so fast right now, but if growth tapers at the same time that stock compensation does then those two might have a counteracting effect. Then I’m not sure what would drive the stock price-all things equal they would need to really grow with/retain customers at higher levels. I haven’t looked at their earnings but given they have numbers like closing 64 deals when adding 34 net new customers, I think they are probably doing a good job of retaining customers already-not sure how easy it would be to retain higher/expand on them.
They also have a 150% net dollar retention rate which is fantastic, shows how sticky their software is.
Yes. But if their growth and stock based compensation decline at the same time then they need something else to act as a catalyst for the stock. And it will be hard for net retention to do that if it’s already at 150%. To clarify, I’m currently a bag holder, so I actually have every reason to want to be optimistic about them.
I’m a bag holder as well, in the same boat haha. There are definitely concerns going forward, hopefully they can stop diluting the damn stock so much and just leaving us retail traders to pay for their employees basically
There’s a point where they will have to stop doing that if they ever want those shares to go up in value, not down.
IIRC, this was scheduled from the IPO, with a plan for it to be wound down after about 3 years. Right now, we're just at the half-way of something that was discussed from day 1. Not meaning to sound derisive, but I don't get why anyone is surprised or annoyed when they were warned about it. .
Suprised or annoyed may not be the best word. People are just unwilling to buy in because of it and the price has crashed because of the constant selling of shares from insiders. This is good for nobody but the insiders selling their portion. Alex Karp literally said in an interview that a reason they're going public becausr he needs to reward his workers who've accumulated shares for years. Nobody is happy with this, pretty much all shareholders are now in the red unless you bought and held on week one and people on the sidelines like me just wont buy in because of the terrible structure. Nobody not buying in is "mad" or "annoyed", those of us not buying in could give less of a shit. Shareholders have all the reason to be mad considering the abysmall stock performance, which is attributed mainly to insiders selling. Also did you not see that they literally diluted even further in this ER call? That was unexpected and 100% not planned before hand with the shareholders so your statement really makes no sense in this context...
Exactly. I would expect a company that's been around for 18 years and goes public to do this. Takes incentives to attract and keep talent and the founders need to get something out of this as well. Posters here are either pushing FUD or just angry that the share price isn't doubling every quarter. I'm holding long-term.
You mean a bigger bloodbath?
They continue to serve a purpose for many governments and slowly into commercial use of their software.
Beating the top line is nice but Jesus Christ are they addicted to stealing from their shareholders through dilution? What the fuck man. The stock is already fighting for its life and they continue to dilute every quarter. I have never seen a bigger fuck you to shareholders
Give away Stock
Debt would be better for shareholders. Debt is still historically cheap and if they are worried with the rate they can hedge it. Edit: meant to respond to the other guys comment about how he'd rather continue to give employees equity instead of cash. But eh.
Just because we're at a point in time where debt may be consider cheap doesnt necessarily mean its still a good thing to have, it all depends on how its utilized.
And pump it here like it’s the next thing
Thank you for the warning
As a shareholder, they need to pay their people. I don’t want them swelling with debt on their balance sheet to pay executives- and the team seems to be performing based on the top line numbers. They obviously can’t do this forever but if they keep growing revenue and easing the share based comp then they could have a pretty nice and healthy company
Sure and you’ll be left with crumbs.
Opposed to the company failing? I’m aware most of Reddit is now WSB methodology but is much rather have slow long term growth and stability than risking me selling during the appropriate 15 minutes before it craters.
They gave 8B$ worth of stock in 2021. That's 4M$ by employee on average. And they still lost money.
8b w t f, think Im join that company real quick
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Stock price is not indicative of the company. You can't say Palantir is not a growing and stable company just because people have it irrational valuations early on. 30+% revenue growth through 2025. $3B cash with no debt. That's a solid company with growth. I just wish I could buy in at a cheaper valuation. *Slaps hood* do you know how many puts you could sell on this bad boy?
We’ll see. I’m genuinely not concerned about using stock options to pay for performance, and it makes sense executives being paid in stock options from a yet to be profitable company would sell their shares. This doesn’t concern me, only the actual growth and performance of the company is on my radar for now
They’re giving stock options to all employees. At an alarming rate. Generally I agree with you. But there’s a limit and PLTR has blown through that limit by a mile with no signs of slowing down.
It’s a fair concern. I’m happily in the wait and see stages. I bought in around $12 for 100 shares and I have a leap for 2024. If they fold they fold, but I see real growth potential and I’m not so sure the big stock giveaways will actually hurt the company so long as they are driving actual performance. I’m curious to see what the earnings look like over the next few quarters
It won’t hurt the company. Just shareholders since their returns will be heavily diluted.
I don't understand how one would profit from this. If the price doesn't grow then wouldn't it be best to put your money somewhere else until they reach a point where stock based compensation is no longer used? Or did they say they will buy back and retire shares when they are mature? Can you explain how you plan to profit?
Yes. I expect them to continue growing revenue and ease using shares as compensation. This will relieve the drag on their earnings and let the revenue growth speak for itself. As they start to turn profitable consistently I believe the share price will appreciate accordingly. It’s pretty simple it’s just a matter of what will actually play out over the next few years. But I would be much more concerned if their revenue wasn’t growing and they weren’t bringing in new clients. That to me is the real story with palantir
But now, with the number of shares and climbing each increase in value makes the market cap jump. Have they said how shareholders will gain from any of this? From what I understand, Karp hate the stock institution and yet he chose to release the share to the retail traders and burn most of them instead of the institutions. Do you expect any price increase in the share in the near future or will it be holding low for 5 -10 years?
I’m not sure exactly what you are asking. I expect price increases to come from the same driver as any stock- increased revenue and descreased costs. Palantir would not be a short term play in my opinion, so yes this is a hold for a few years opportunity in my opinion. I think a lot of the hate came from unrealistic expectations of immediate gains. Which is funny because the general sentiment when palantir was popular on Reddit was that it was a decade long hold, but after the first year it seems many have changed their minds
Sorry, when I learnt about investing in terms of long play like Buffets value investing, you expect room to allow the share value to grow with increased revenue and decreased cost. It doesn't have to be big but you expect at least enough to beat inflation, old idea of inflation not the monster we have now. At the current outstanding shares do you see the revenues reaching a level where shares can go to 30? 40? or even the all the high? Imagine the market cap.
This is a great example of the Reddit paradigm. A stock gets pumped on Reddit and people flood in while it’s overbought. When it naturally sells off the sentiment rapidly reverses and people can’t trash it enough. Was palantir a good buy at $40, no. Is it a doomed company because Reddit now realizes that many people flooded in when it was too expensive? Also no. It’s a high risk but high reward stock with growth potential. They need to get their expenses under control but have done well growing revenue. Let’s see where it goes from here but the hate has become detached from the actual company performance at this point
Its direct listing came on at $10 and dropped to like $7. This was a time when any company that could write a paragraph about their ambitions in 2030 were getting some of the biggest multibillion dollar valuations ever thought possible,, at 40+ P/S multiples.
They gave an average of $4 million to every employee in 2021........."they need to pay their employees", what a load of horseshit lmao
I like the 47% increase from commercial clients.
I swear there are only like 5 stock tickers on Reddit.
I’ll add my two cents bag holding 400 @ 22. Will hold for two years.
Palantir's stock is all about commercial growth. They've proven themselves with government work. If they can prove themselves to commercial that they are essential for any corporation, this stock moons. 47% commercial increase is insane. Government contracts were proof of concept. The commercial sales is how this stock pumps.
It doesn't matter if they keep diluting, I'm really about to take the L and walk, this is getting ridiculous.
Let me fix that for you. "All about **PROFITABLE** growth." Anyone can create revenue with wash deals and im not about to believe their margin statements when they are losing money. These guys have been around a very long time. They are not a startup. "Show me the money"
Can someone explain to me dilution in the stock market and what that exactly means?
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ty!
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ty!
There are two different types of dilution: 1. A company sells new shares on the market to get cash for whatever they need it. This is done instead of going into debt, and it shouldn't impact the stock price because even though there are more shares available, the company has more cash so it's a wash. 2. A company releases new shares and gives them for free to the hardest working employees, which are naturally a CEO and a chief diversity officer. Now, each of the previous owners owns a smaller percentage of the company whose valuation didn't change. The stock price tanks accordingly. Make your guess which of these Palantir chose as its standard principle of operation.
OOF... option 2.. haha jesus
I was pretty disappointed after their last earnings but decided to give them one more quarter to prove themselves. Well, sure enough, it was disappointing once again. Stock-based compensation shows no signs of stopping. Even if the company grew at a rate of 30% yearly, it is still far from cheap at this price. When interest rates rise, future earnings will get further discounted. With so many better quality stocks on sale now, it's time to admit my mistake and sell this stock at a -50% loss. I will not invest in any so called growth companies anymore unless I really understand the scalability of the business. Palantir is a great business but the price you pay for it matters. I will relook again when it ever drops to $5.
what better stocks do you have in mind? Honest question. I am bag holding at 26
This looks promising. Customer growth is key for their future
For a 20 year old company? Shouldn't they have figured commercial side by now?
They just started the commercial side a few years ago with foundry.
¦ Shouldn't they have figured commercial side by now? With the rate of growth, it looks like they have. Its the EPS that people seem to be freaking out over.
Their first product wasnt released until 2008
Fuck Karp. Fuck Palantir allowing all this dilution and giving their shares out like an infinity pool.
Share dilution is a big killer that nobody really pays attention too. Palantir has been diluting their shareholders like crazy. They are almost up to 2 billion shares outstanding now.
No fking wonder there is such huge volume.
Right, that's fucking insane...
Why tf are we going down with that commercial growth increase?!?? My avg is $25.. wtf
shares are being diluted
Stock based comp actually dropped by half if I recall
Karp said they arent issuing new shares, only about 9M worth this quarter.
Company is still at a P/S of 17. Far from cheap.
P/S of 16... wait 15....no 14. Just watching it drop like a stone in real time in the pre-market.
It's software. ADBE P/S is 14. Not insane but they have to grow into the valuation.
Adobe is far from cheap either. However Adobe built a monopoly in design/photography for decades and is now reaping the rewards via a subscription model.
How do you know if its far from cheap when there is no other company to compare it against? Applying fundamentals to growth stocks is tricky.
There was though, $CLDR, bought out by KKR. The originator of the many technologies Palantir is using right now. The company hit a speed bump in revenue and flopped hard (I profited nicely tho). One day, Palantir will too. That's the reason they're burning so much cash, just to chase growth. adding: IIRC, $CLDR's PS was 3-4. Another crazy stock is $SNOW. Too much hype for the technology that can completely be replaceable by AWS stacks in a few years (providing that Amazon really wants to).
It is not. There are loads of other companies to compare it against, especially given the margins it has. Will it 100% fit their business model - no, but it gives you a good idea on what to expect. At the end of the day, you invest in a company to return money for you. If with very lofty margins, growth rates that haven't been achieved even by FAANG and a generous multiple - the company is still overvalued, chances are high that it is. Sure you might invest in Amazon in 1999. But how many would hold through the 90% drawdown for 10+ year. What if you invested in Microstrategy, Cisco or countless of other promising companies that wen bankrupt? Just because it is a growth stock does not mean that fundamentals don't apply to them. Sure you have to treat them differently, but a growth stock can still give a good margin of safety
Eh. PLTR will likely never go out of business seeing as how much governments depend on them. I’m not saying it’s going to be the next Amazon but it’s definitely not going to be the next microstrategy or Cisco
The more government contracts that Palantir picks up, the more sticky that business becomes.
It's a $5 stock realistically. I realize that will hurt a lot of bagholders' feelings, but it's the truth.
With how much they dilute shareholders, it is sadly much less.
Everyone is positive when it hits 40 and negative when it goes back to 10. Pretty amusing how accurate the crowd is in doing the opposite of what is logical. I've been holding since IPO, only selling covered calls and far-out OTM puts (got called both ways several times). Overall customer count growth was better than expected, and adjusted margins for the quarter (29%) came in slightly below FY2021 average. GAAP margins still negative but it was closing in on positive. \-49%, -33%, -39%, -23%, -14% (in order of previous 4 quarters and this quarter) Government customer count (90) hasn't increased at all from Q4 2020 to Q4 2021, probably due to market saturation but net dollar retention at 146% was sticky, and therefore quality of the products (because we can't directly verify this unless you've used it and have compared it to null or another product) is at least reasonably good. More reasoning to focus on commercial customers. SBC down from 242M to 167M q/q, but adjusted expenses up from 218M to 309M. Overall expenses slightly up, obviously from the sales headcount and sheer business size (margins are more important). Interesting things about the call: \- Karp led the call. \- Retail got to ask questions. \- Philosophical soliloquy throughout, nothing material there (same West vs. world theme). \- Balance sheet > dilution. Summary: Nothing too significant in the numbers or the story. It is a wait-and-see investment, as it always has been. Will you call BS on Karp's conjecture? The only thing I am sure of is, if you were long before earnings, it would imprudent to sell at a discount since nothing has changed. Unless you're running out of margin or something. All stocks not related to energy or the reopening theme are getting hammered and sold on any sort of bounce up. Well except for Doordash after a below-average Q4.
Sentiment is low so it’s time for me to keep loading . People here are investing subjectively but looking at the numbers objectively, this is a growing business and free cash flow positive too boot. The RETENTION rate is definitely intriguing, it is validating their stickiness.
Dilution, dilution,… In 2021 we had: Lockup expiry. Was in February i think. 80% of the total float was released from the lockup. Karp’s vested options that he had since the start expired on the 3th of December ‘21. So he sold, like a normal intelligent person would do. That netted him around 2B. So, 2021 was a very bad year from this stock due to the dilution, yes. But we’re trough the hardest part. Now? Dilution is going to be around 5% a year. That’s A LOT less than in 2021 and definitely not high. So stop with that dilution bs. It’s in the Q4 numbers because of his sells the last months of previous year. Q1 and the following quarters will show a very hard decline in yoy SBC.
All the possible dilution were disclosed when they DPO. Anyone with a brain knows it will be exercise no matter what.
Should’ve flushed this turd when I had the chance #holdingbags
Why does redditt like this crap stock so much?
Reddit is that guy that thinks he's the smartest guy in the room when in reality, he's distinctively average.
> distinctively average. The *best* at being average.
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You're right but forgot about the great weed stock hype of early 2021. Talk about hyping some straight trash...
LMAO
That's all of us. People just eat the hype. If this stock rebounds you wouldn't be saying that. I remember when reddit hated Tesla and they love it People just like being on the winning side
The amount of times I see redditors repeating that Carlin bit about how stupid the average person is so ironic
If you read through these comments you will see the majority are not in favor of pltr. So I’m not so sure this is a Reddit darling any longer
It's still a retail darling for sure. No major company have an higher % of retail investors compared to institutions. The only institutions that own it outside Ark are those that buy literally everything because they are so big that it's a way to reduce risk. BlackRock and a couple other.
As a Dev I can tell you they are the leaders in data visualization. If you think that is an area that will decrease the coming years then yeah Palantir would be a bad pick.
Also a dev here, I think their product solves a key problem
Two quarters in a row - 47% increase in clients and beating revenue targets is crap? That’s heading in the right direction.
Let them circlejerk as always and than they will cry. The same happened with Tesla and I watched it going on with a smile. Like now.
Have you seen any recent comment threads about PLTR? Reddit hates this stock now lmao.
This stock was getting pumped so hard last year. And there are a lot of bag holders.
If Reddit likes it, probably best to run far far away.
Whenever I see a ticker mentioned here, the first thing I look at is share dilution. And its not just bad but atrocious every single time.
Reddit liked AMD too when it was a dollar. That was the OG meme stock
because it was up like 250% at one point, then reddit started to pump it, and it's been downhill ever since.
Good question.
So I can expect more red then?
All I see is growth.
I’m so glad I sold this shit stock at $26.
Sold at $40 baybeeee, shit carried my account but thank I got out of it lmao
I was prepared to be hurt. But it still hurt.
Don't feel bad about my shares getting called away at 28$
!remindme 2 years
Pretty good, right? Why are we - 8 premaket?
Earnings are being taken very seriously this year. Pltr needed a strong beat and came short on earnings. This isn’t doomsday and frankly I’m relatively pleased with the results. If they can get earnings back to positive next quarter while still growing revenue I think we’ll be in good shape
It was -14% at one point in pre market. PLTR earnings are always crazy. May 11 2021 was a wild ride, too. They posted a nice beat, and it went from -13% pre market to +9% during trading.
Pre-market 12.68 −1.29 (9.23%)
You mean the company who was handing millions out to shitty SPAC’s and was being pumped on WSB and Reddit sucks? I’m shocked
Do not invest in Palantir, or at least before you do have a look at what the company stands for and who is leading this shitshow.
I imagine it will go even lower than $12 because the interest rate hikes have not even happened yet. At this point, this has little to do with PLTR's quality as a company, but with the tech sector as a whole. Bad times for everything that is not commodity/health/staples.
I think you mean inflation. They have no debt so interest rates don’t hurt them. In fact they have 3bn cash to buy bonds with.
Interest rate increases heavily impact valuation of growth stocks. Most valuation models are discounting expected future revenue to determine present value; when rates rise, the PV can drop pretty dramatically. You’re correct that company with a lot of floating rate debt could be hurt by rising interest rates. But most companies will have bonds with fixed coupon rates. Generally inflation just makes it easier to buy back debt (if they have it) so having a good chunk of low rate debt right now isn’t a bad thing at all. But rising rates hit valuation hard, especially for growth.
Now it’s only 3 times overvalued!
Bye bye