TMFGemHunter

CAPS Underperform Pitch

TMFGemHunter wrote about Zoom Video Communications (ZM) . 6:35 PM

ZM Underperform

Zoom has done a great job of seizing the COVID-19 opportunity. But to live up to its valuation, it would need to grow revenue at least tenfold over the next decade or so. Given that companies will never need Zoom's services more than they have in [more]

CAPS Underperform Pitch

TMFGemHunter wrote about Shopify (SHOP) . 8:21 PM

SHOP Underperform

Shopify is another great company with a massively overvalued stock. Many of its merchants will ultimately fail, due to the intense competition from megaretailers like Amazon, Walmart, Target, Costco, etc. Unless it can convince retailers with sales [more]

CAPS Underperform Pitch

TMFGemHunter wrote about Roku (ROKU) . 8:19 PM

ROKU Underperform

Roku is a great company, but the valuation is way too high. It makes most of its money from selling ads, particularly for ad-supported streaming services on its platform. But as audiences migrate away from traditional TV, they will mainly go to [more]

CAPS Underperform Pitch

TMFGemHunter wrote about The Trade Desk (TTD) . 8:19 PM

TTD Underperform

The Trade Desk is a great company, but the valuation is way too high. Connected TV is its biggest opportunity -- but the opportunity isn't THAT big. As audiences migrate away from traditional TV, they will mainly go to ad-free services like Netflix, [more]

CAPS Underperform Pitch

TMFGemHunter wrote about Boeing (BA) . 5:54 PM

BA Underperform

The Boeing 737 MAX has been recertified, but demand will remain well below 2018 levels for the foreseeable future. Meanwhile, Boeing will exit the COVID-19 crisis with a massive debt load that will take years to address.

CAPS Underperform Pitch

TMFGemHunter wrote about GameStop (GME) . 3:23 PM

GME Underperform

GameStop has burned through most of its book value over the past year and a half. The release of next-gen PlayStation and Xbox consoles may help stem the bleeding a bit next year, but the pandemic makes a return to strong margins unlikely in 2021. [more]

CAPS Underperform Pitch

TMFGemHunter wrote about Bed Bath & Beyond (BBBY) . 5:14 PM

BBBY Underperform

Despite an earnings beat in Q2, Bed Bath & Beyond faces major long-term challenges around getting people to visit its stores. While management is improving the company's e-commerce capabilities, a higher e-commerce mix will weigh on margins. [more]