Professional
Added to YB: 2024-03-29
Pitch date: 2024-03-28
MSTR [bearish]
Strategy Inc
+21.31%
current return
Author Info
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Company Info
Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally.
Market Cap
$44.5B
Pitch Price
$164.50
Price Target
972.00 (+651%)
Dividend
N/A
EV/EBITDA
-10.61
P/E
-8.79
EV/Sales
120.15
Sector
Software
Category
N/A
Long BTC / Short MicroStrategy Inc (MSTR) Know When to HODL, Know When to FODL
MSTR: Trading at 2.6x NAV premium vs BTC spot, an unjustified 157% premium. Historically at 1.3x avg. Software biz only 3% EV. Bulls cite no mgmt fees, leverage, FCF to buy more BTC but they're weak arguments. Massive dilution kept BTC/shr flat. Reversion to mean = 50% downside vs BTC.
Read full article (9 min)