Best of Breed Growth Stocks' Julian Lin thesis on king of the meme stocks, Reddit $RDDT
ฝัง
- เผยแพร่เมื่อ 15 พ.ค. 2024
- Julian Lin, Founder of Best of Breed Growth Stocks, an investment newsletter, joins the podcast to discuss his thesis on Reddit, Inc. (NYSE: RDDT).
$RDDT write-up on Seeking Alpha: seekingalpha.com/article/4686...
Chapters:
[0:00] Introduction + Episode sponsor: YCharts
[1:22] What is Reddit $RDDT and why is it interesting to Julian
[2:58] $RDDT bull case
[14:09] Network effects
[20:46] $RDDT bear case: when will they become profitable? What are they spending R&D on?
[30:45] Valuation
[33:48] $RDDT vs. tier 2 social media platforms (Pinterest, Twitter, SnapChat) / mismanagement
[45:27] Valuation cont'd
[56:53] $RDDT Growth strategy
[1:02:23] $RDDT's Biggest misperceptions
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Andrew, having had so many good guests on your show, isn't it clear to you that Julian does not have a compelling bull case for Reddit?
You ask; "so, what are they putting so much research into?"
Julian's reply: "Um, um, so I guess I'm interpreting it differently here" !
Then, he goes into a monologue about how Reddit is not "structurally unprofitable".
Isn't it clear to you that he has no clue what is really going on inside Reddit?
Agree with the other comments. Julian almost makes a short case for reddit because I would gladly take the opposite position of any bet he makes.
Usually I see a YAVP video, and I'm excited to learn something new. This one was a let down. My time would've been better spent reading some old Stratechery posts. I recommend Julian do the same. He clearly doesn't understand the space, advertising, network affects/aggregation theory, online personas, and how to think about the various tech companies involved and that he draws comparisons to.
let me on the podcast to talk about delcath
Pretty sure you would suck.
He doesn't answer direct questions.
Not persuasive.
Seeing Julian struggle was so cringe