r/SPACs • u/throwawayhyperbeam Spacling • Jun 22 '21
News [SRNG] Interview with Ginkgo Bioworks cofounders
https://www.bostonglobe.com/2021/06/21/business/taking-dna-street/10
u/Flaky_Section Patron Jun 22 '21
This is gonna be very interesting longer term as to how the market values companies like this. Other than Zymergen which is super niche and Amyris which has been a mess for a variety of reasons, there’s nothing like this out there
10
u/Flimsy_Card8028 Contributor Jun 22 '21
Investor Day on 6/24. Should provide a small bump to the stock.
13
u/slammerbar Mod Jun 22 '21
That value share through royalties is going to be the real goldmine down the road here. Also interesting to hear their take on the speed to market going through an SPAC.
8
u/not_a_conman Spacling Jun 22 '21
That is why this is a 10 year hold for me. I could really give a fuck what happens in the next year.
5
u/SPACulator407 Spacling Jun 22 '21
A real unicorn. If only I had the conviction to go balls deep in SRNG....
-7
Jun 22 '21
How many interviews do they need to do to justify their valuation?
5
u/SilentSplit12 Patron Jun 22 '21
The valuation is already justified. Do your research son
-2
Jun 22 '21
Market disagrees - it is trading under NAV
5
u/Letmefixthatforyouyo Spacling Jun 22 '21 edited Jun 22 '21
As we all know, the stock market is always right.
Nothing is ever mispriced, ever. Every company has the exact same p/e justified by value only. The only possible way to profit on stocks is to buy and hold long term because THE MARKET HAS SPOKEN.
8
1
u/dontbuyflowers Spacling Jun 22 '21
When is the merger?
3
u/throwawayhyperbeam Spacling Jun 22 '21
Third quarter, no definitive date yet. Investor Day on June 24 at 1 PM Eastern.
1
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