Why everyone talk about these stocks after they run ...
*edit* im in the wrong, op posted it before it ran, i just didnt see it, maybe got buried under all these achr posts, unfortunately*
Friendly reminder that tickers with a market cap below 500 million USD shouldn't be discussed in WSB.
Use the report button, please
(Edit, and fuck you, this comment isn't spam stop reporting it. )
Technically not much.
Top gear had a Nissan Juke award. Look it up.
Edit: it was the Grand Tour
Edit2: link: https://www.youtube.com/watch?v=1xt34V7TqiM
Just quickly I see the market cap is $1.15B and this is a $20M contract. I have no idea what their margins are but there is no way a $20M contract moves the needle here in any significant way.
Edit: I now see their last 4 quarters total revenue is around $240M. So +$20M is something like 8-10% revenue growth. The stock is up 60% YTD. Contract was priced in a long time ago.
Disruptive entrants dethrone incumbents all the time. Currently, DoorDash is out-innovating Amazon by offering much faster delivery speeds at competitive rates. Plain and simple. In 5-10 years from now, DoorDash will surpass Amazon retail.
Maybe Amazon will pivot to focus on logistics to compete with UPS and FedEx, since that's what its fulfillment network is optimized for. DoorDash's strategy will dominate consumer retail though.
EDIT: I know this because I work in supply chain optimization and have developed models for companies to improve delivery speed while lowering costs. Amazon's fulfillment network can't achieve 30 minute deliveries. It's primarily built for throughput. Adapting it to achieve 30 minute deliveries will be very expensive.
They don't have a vast network of drivers like DoorDash.
EDIT: There are 7 million DoorDash drivers and only 275,000 Amazon drivers. Plus, Amazon drivers can't be summoned on demand like DoorDash drivers can. If you want to order toilet paper tonight, you need to wait for the next delivery station shift in the morning.
Funny how people laugh at made up money but are totally fine with a stock price shooting up 19,000,000% when the company owns the same physical assets it did 2 minutes ago. The new valuation is made up money too.
It’s all based on demand - and how you feel about that doesn’t matter.
Edit: gold, greenback, crypto, eggs, shares, etc….it’s all valued based on demand. Doesn’t matter if you can wipe your ass with it or not
Wait what? Why the hell do they spend over 10M a year on general administration (including salaries)?
EDIT: Actually, I checked their latest annual filing and they have at least 14 employees since March. Also, I checked that in Q3 they paid 1.4M, so yearly it is about 5.6. sorry, I must've confused it with another stock.
So 14 employees at least. Roughly 5.6M.