Post by Deleted on Dec 10, 2020 10:15:12 GMT -5
ABNA waiting to buy some shares.
At first I didn't understand their valuation due to the horendous Travel industry depression due to the covid virus however on second thought it looks like it may be a good stock/investment due to the room for possible expansion into other related industries and organic growth. It's model is different then hotels. The money they are raising can be used to run their business and related businesses. One advantage over the hotel industry is that it grows organically which translates into smaller costs in getting customers. With a 51,323,531 share offering they will raise $349,000,108 ($68 X 51,323,531) and will have lots of cash to invest. With the new world of work from home people can work from anywhere in the world which should translate into more business.
At lunch time $154 X 51,323,531 = $7,903,820,210 at 1:30PM price is $146
If LVS, which is the biggest hotel co. in the world, can trade at $59 with depression type income, ABNB can do well in it's industry.
Door Dash I see as a bicycle co. with a lot of competition so didn't buy any at this point however they did raise a plenty of money to run their business and related businesses (as like ABNB).
That's my opinion!
But what do I know, I voted for the next president of the USA, The Donald ?
At first I didn't understand their valuation due to the horendous Travel industry depression due to the covid virus however on second thought it looks like it may be a good stock/investment due to the room for possible expansion into other related industries and organic growth. It's model is different then hotels. The money they are raising can be used to run their business and related businesses. One advantage over the hotel industry is that it grows organically which translates into smaller costs in getting customers. With a 51,323,531 share offering they will raise $349,000,108 ($68 X 51,323,531) and will have lots of cash to invest. With the new world of work from home people can work from anywhere in the world which should translate into more business.
At lunch time $154 X 51,323,531 = $7,903,820,210 at 1:30PM price is $146
If LVS, which is the biggest hotel co. in the world, can trade at $59 with depression type income, ABNB can do well in it's industry.
Door Dash I see as a bicycle co. with a lot of competition so didn't buy any at this point however they did raise a plenty of money to run their business and related businesses (as like ABNB).
That's my opinion!
But what do I know, I voted for the next president of the USA, The Donald ?
