Hi HODLers, Hiveans and Lions,
Well, this time I decided to not **** it up and put my money where my mouth is.
I am not talking about Bitcoin as I already own a sizeable position in $BTC.
I am talking more of a traditional asset class: Equities!
I had some money on Netflix for the past 6-9 months which turned out to be a great call. I believe the next Consumer Discretionary homerun is Spotify. They are reporting on Ferbuary, 6th.
Last quarter they finally started to deliver some operational margin expansion, they unfortunately overhired during the pandemic but since then they reduced their workforce by 17% while still growing at a crazy rate!
They are only valued at around 3x Sales while other competitors or Netflix (which is more profitable) are valued around 7-10x Sales.
Finally they alrteady delivered their 2023 goals in just 3 quarters!
Don't worry if you forget about this post. If I am right, I will brag after the Q4 results on February, 6th!
N.B. There is a very nice Swedish mini-serie telling the story of Spotify on Netflix if you have time!