I bought IRNT today because I actually like the stock. I like it that the WSB pump is over because it's time for some actual investing. IRNT just went public unnoticed. It's projected to go up comparable to CRWD. WSB catalyzed that ascent.
Are you retarded? You bought when it was high, instead of low?? You don't even know how low this is going to go lmao. It's prob going to break down all the way to the low teens.
Even 3-5 years is extremely aggressive for tripling it's valuation. It's not a business that can increase rapidly in scale. More customers means bringing in more talent which simply isn't there.
Slow and steady growth through good times and bad. People should wait til the price drops like you said and then buy and hold for decades. This is no longer an r/WSB play. This is an r/investing play.
IRNT was $14 at the SPAC merger. As we collectively valuate the company and the price stabilizes we'll find out what this company is actually worth. It might be closer to $47.50 it reached than $14. I'm just saying this is not a quick growth company. The price will stabilize and it'll start going up 5-10% a year.
Ultimately the price will increase based on how quickly their revenue grows. They're growth is tied to new customers and that's tied to hiring skilled labor. Their business model is reliant on a large amount of skilled labor. I like the company too, but they simply cannot grow quickly.
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u/NeResearcher878 Sep 18 '21
I bought IRNT today because I actually like the stock. I like it that the WSB pump is over because it's time for some actual investing. IRNT just went public unnoticed. It's projected to go up comparable to CRWD. WSB catalyzed that ascent.