Tom Nash
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March 16 Zoom Call Highlights
🕑 Added 2021-03-17 16:30:36 +0000 UTCHi there! Thank you so much for those who attended the last zoom call we are 100 on that call and I just really love having a talk with all of you. For those who don't have the chance to attend, please see below the highlights:
Golden Nugget Online Gaming (GNOG) suggested by John Pilon
> I’ll give it a $25 price target
> It’s a billion-dollar company, not a lot of short interest (2.71%) been around for 3 years and relatively new business.
> Gross Profit Margin is 80%, EBITDA Margin is 32.75% mainly because their cost of acquisition is very low since they are leveraging the loyalty clubs from the physical casinos. They have couple of million members that are listed on their loyalty and they are also affiliated with massive restaurant chain so they have millions of potential leads that are driving to this business for their own business.
> The cost of acquisition per client is really low usually that is where you see the pain in casinos, the sector median is 8.7% so they are much higher because they don’t spend a lot of money on advertising or marketing. They have massive platform which drives traffic which is insane.
> EBITDA Growth YoY is 48.09%, Revenue Growth is 30% this is Year 3 of the business
> They just got New York license because right now they only have New Jersey
> As to valuation, their EV/Sales (TTM) is 10.76
> To know more please read this article: https://seekingalpha.com/article/4410320-golden-nugget-online-gaming-low-customer-acquisition-costs-incentivized-management
Chek Cap (CHEK)
> The next piece of news that’s going to come out about Chek Cap will probably be 6-12 months away because once they start the pivotal study until they finished it and have actual results nothing’s going to come out of the company.
> I think we’re going to see a small decline on the share price if you take a look on the trend of the company
> We need to understand that with any medical devices and health care it might go to zero at any point because we don’t know what’s going to happen.
Bitcoin
> The Indian Government is pushing to completely ban Bitcoin
> They might make it but it doesn’t really matter, you can’t really reinforce that ban it’s just non-sense
> Why would you ban it instead of taxing it? It’s just moronic the only you’ll see ban like this is if you are talking about jurisdiction where they’re more on the control than the economics of it
> Watch the complete video pertaining to it: https://www.youtube.com/watch?v=t13nAAd0suU&t=228s
> Bitcoin Chart - https://www.blockchaincenter.net/bitcoin-rainbow-chart/ shared by Thomas
Please feel free to send us your questions. Have a nice day!
Comments
Michael Fischer
So, I’m looking at my brokerage account today wondering why I have 80% losses in chek… 😂 What’s up with this stock, still worth hanging on to?
PaulB
Can we talk about Palantir? I don’t understand how the CEO can say “it sells itself” when they are not profitable because of their 1.2B in “selling general” expenses. It looks like “stock based compensation” on the 10Q. Is that commissions paid to employees to bring in biz? If so, it doesn’t sound like it will be a one time expense because it says it will GO UP. I’d post pics to the exact pages but can’t figure out how to do that. See footnote 1 of pages 45, 47 and 50. I want to believe in the company and buy more stock but this looks ugly. What am I missing?
Burak Gunduz
Thank you for the summary!
Jonathan Montoya
I appreciate this summary , thank you good sir 🙏
