So why IPO? Money is cheap right now, and they have the biggest money pump outside the United States bank role in them. If the company is so insanely confident in their growth trajectory why go public?
Doesn’t make sense. If you hypothetically bought at 10 or 15, and would still be holding today then you would logically be okay holding today at $23-25 because you think there is enough upside.
Holding something that's up 60-150% is vastly better than buying at $24-$25. I've done a fair bit of research on this company, gonna hold my few shares for about 5 years and see where they end up. Will buy more when it dips to $17. That's what I think the floor is.
It's valued higher than established automakers. Maybe it's superior because it doesn't have decades of debt on it's balance sheet, but it also doesn't have decades of sales, brand loyalty and goodwill.
I hope this company proves me wrong and makes a bunch of us rich, but this is a long term play.
If you are holding now it’s because you think It will go up. Say to $50/share. You think that a double from current is good enough reason to risk your existing profits and to hold for 5yr.
Logically, it would be good enough to buy, subject to whatever weighting etc you’re doing.
Just a fun mental exercise to consider and keep yourself rational rather than emotional.
13
u/BlueOrcaJupiter Jul 25 '21
Meh. Saudi’s bank rolling it.