/biz/ - Business & Finance

>Kerrisdale Capital believes Carvana (CVNA) stock should trade lower due to a high debt burden, competition and participation in a low-margin industry.

>By the fourth quarter, Kerrisdale estimates that Carvana will have to pay over $250 million in quarterly interest expense, which is also a period prone to seasonality. Meanwhile, the hedge fund also takes issue with the company’s pre-announced EBITDA figure for the second quarter, which was “better than expected.” Kerrisdale believes that the pre-announcement was misleading because the figure is due to significant one-time loan sales. The firm says the pre-announcement “reeks of pumping shares ahead of a potential equity offering.”

>In conclusion, Kerrisdale characterizes CVNA stock as “worthless” while comparisons to other technology platforms and e-commerce platforms are “nonsensical.”

>“We view the equity as a zero and investing at current levels is a worse deal than buying a clunker from a slick used car salesman.”

Boring ass market. I might actually get some work done instead of looking at numbers and shitposting all day.

Would it be morally wrong to target only right wingers with a business?
I am planing to open 'Hitdolfs Café' where a bouncer will not let SJW in