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Episode 5: $RBRK: Crossing the Rubrik-on
Manage episode 436470618 series 3595562
Το περιεχόμενο παρέχεται από το The Stock Jocks. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον The Stock Jocks ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
In Episode 5 (recorded May 19, 2024), the Stock Jocks give their customary bull/bear treatment to recent IPO and data security specialist Rubrik ($RBRK). Bruce takes his turn as moderator as Gordon makes the case that the stock is just too cheap on the likely 30%+ growth, even accounting for a cash burn not entirely unlike Gordon’s on a number of wistfully remembered nights in Miami. George points to a host of metrics heading in the wrong direction, including sales force efficiency.
(3:41) The return of Keith Gill (“Roaring Kitty”) and Gordon’s “colorful” analogy for trading “meme” stocks (like $GME and, arguably, $DJT)
(7:46) Gordon has the dark realization that he trades like Tommy Tuberville; why does the senior senator from Alabama have long-dated puts on Lattice Semiconductor ($LSCC)?
(9:54) Observations from software and cloud earnings season (mentions of Episode 3 topic $DOCN, $ORCL, $AMZN, $GOOGL, $MSFT)
(12:29) Obligatory interest rate/inflation discussion (good time for a pee break)
(14:53) GPT-40 and implications for customer service and sex robot industries
(20:46) The Main Event: Rubrik. Gordon leads an overview of the company; “ Backup with Ransomware protection focused on Cloud”
(40:36) Valuation deep dive
(49:49) Introducing: the Just the Tips “Quant” Department (Nerds!)
(1:05:30) George kicks off the Bear Case
(1:09:13) $RBRK’s “installed base” advantage vs. peers; is growth not as strong as advertised?
(1:18:20) Why George think’s $RBRK’s S-1 “Subscription ARR Contribution Margin” is spurious.
(1:21:02) George does some serious ‘rithmetic to highlight increasingly weak new customer ARR growth despite increasing spend. Is $RBRK’s “new customer engine” broken?
(1:39:24) Bruce declares a “winner” / “besties” give their “real” opinions.
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