I'm bullish. If they lose the lawsuit will you be bullish? Loads of positives with fubo, earrings, ai. Ads etc. The stick price will go up and reflect all the good pr soon.
@Financewith_John thanks for reply. I agree. Just easier if getting better deal or compo. What's view on top brass not buying or keeping there shares? Especially at these prices.
I’m sure a large part of their comp is tied to stock options if they hit certain targets or stock price. Either they just don’t care about the optics of it or they are that confident in their vision playing out.
If they dip below $1 I believe they have 6-12 months before delisting. Obviously a lot hinges on a positive outcome from the lawsuit but I believe they’ll have too many positive catalysts over that period to stay below $1 for that long IMO
Good summary, John. Appreciate you putting that together. I have more shares than I initially intended to pick up in an effort to average down. Current CB $1.8. Hoping for a positive outcome from the suit and a better valuation. Sorry to hear about your dog too, they certainly leave a hole in our lives. All the best from the UK 🇬🇧
Thanks for the comment. I think we’ll have to wait for bigger catalysts to get out of this zone we’re in now but they could really pop with a positive outcome on the suit. I’m bullish LT so I’m comfortable holding it.
Hey John, sorry about your dog. Tough to lose a good shelter dog. I like your analysis. What would you estimate the cost per subscriber is? And how would you imagine they decrease those costs regardless of this lawsuit?Cuz it seems the lawsuit will only give damages, but if they want to grow subscribers and it costs more to take on a new subscriber than the revenue one produces, that seems like an uphill battle and an inevitable bankruptcy? Assuming the worst on this lawsuit of course. Thanks again!
Hey Brendan thanks for the comment. Their gross margin is currently around 89% so they’re no longer in a spot where they’re generating more cost for each subscriber. They’ve continued to reduce overhead costs while growing ad revenue so I think they’ll be able to reach their profitability targets so IMO bankruptcy seems unlikely at this point if they continue to grow their top line. I think they’re likely to reach a positive outcome from the lawsuit which would be a massive positive catalyst but a lot hinges on that and can shift things either direction. I’m confident in the leadership and the decisions they’re making to become profitable.
@@Financewith_John yes I saw that gross margin number. Thanks for clarifying. The more I look into this one the more bullish I am, but obviously could be wrong. Showing good growth in revenue and upward momentum in earnings profitability. Worried though that a settlement in this lawsuit could actually be bearish. Yes it would give some back pay on price gauging in the past but could signal a precedent that the oligopoly can now proceed into the future unencumbered due to double jeopardy. I’m not a lawyer though…
Obviously I don’t have a crystal ball but at their current valuation I think they’re positioned well to grow from here. Even if they only receive damages that buys them a lot more runway….
No I’ve been super lucky to have a great career in corporate finance that I do well in. I enjoy the stock market and only risk money I can afford to lose.
Do you have a way for me to reach you offline? I wanted to brainstorm a couple of Fubo things with you. If you have a few minutes to chat, that would be great. Thanks, man!
I think they could show some positive growth this year as they continue to execute but I think the bulk of their growth will be long term. Not financial advice FYI
If you haven’t already you should check out the channel Down Badly. Shawhin does a great job of breaking down all the details of the case - way better than I could
Thanks! I’m trying to work on creating more good content on Fubo. I think when it runs up it’ll go fast and set a new floor. Super bullish on them long term!
Holy crap if it goes to just $17 bucks you're gonna be a millionaire, good luck bro. I have a small position myself but I'm feeling really good about it.
@Financewith_John I just bought my position at about $1.70. I feel underexposed. I think we're at peak fear in the stock, which makes me extremely bullish. And the FTC/DOJ, I think will like this case for Fubo. I'm not a lawyer though so there's a blind spot there, which makes me a little uneasy. I dont really want to assume we're going to win the case. But by what I've read, it looks pretty good for fubo.
Haha it’s not easy being bullish when it’s down like this but the JV lawsuit could end up being a huge catalyst later this year. I’ve been riding the volatility to lower my cost basis which has been helping. Good luck!
We’re likely to see a bit of trading sideways until they have some more positive catalysts. Remember wall st will be bearish on this as long as they can
Update I bought ~26 shares at 1.66 I don’t want Fubo to be to much of my portfolio but I believe in it and sofi. Idk why ppl shorting Fubo so hard when they added an additional 100m in cash
@@ShamalMurrayClips depends entirely on what you think of the company and how long you plan to hold it. You could swing trade the movement too. Not financial advice
I’m feeling like they’re pretty close to the bottom at this point but I’d say around the $5 area by year end. If they get a positive outcome on the lawsuit then I’d say $7+
remember that Q4 the previous year had the world cup to pad their numbers. so the fact that this Q4 earnings still showed this kind of strength this time around is impressive. fubo looks good. also... the earnings call said that the cost of the lawsuit is within their current budget... and they're still shooting for 2025 as their profitability. also impressive.
I originally bought at 1.85 but I’ve swing traded it a couple times since so maybe 1.70ish now? It’s so easy to ride the volatility and add more shares on this one
Only other thing I could think of is it was intentionally forced down so other large players could scoop up more shares cheaper. I’ll keep an eye on the institutional ownership
I am a new subscriber of yours. I have been heavy into FUBO for the last 3 years and have made a lot of money. I have taken many profits off the table. I am just curious of what your cost basis is on 100K shares. I used to own 76,000 shares but I'm down to 15K shares. I am adding more shares at these levels. .... Thanks, man!
Thanks man! I’ve been adding as I’ve been swing trading it but I got in around 1.80. I owned some 2+ years ago but got out as the price cratered and waited for it to re-baseline.
John love to see it thanks man! Please cover AQST stock if you get time. They have price targets of $12,16 and 24 now which is a little crazy. Maybe it can hit $6 again. It was at $6.40 then they got rejected for libervant in 2021 and now it looks like it will be approved in a few months which could be a billion dollar product. Game changer medication and the stock also has big short squeeze potential as well.
@@Financewith_John Aquestive Therapeutics, with an FDA decision date set for April 28th on Libervant, could potentially see significant stock movement, similar to a previous instance where their stock doubled in the three months leading up to an FDA decision date.
Once profiable hopefully in 2024, then a cpuple good quarters, what price do you think fubo could be? Im hoping for 8 My average is 4.02. Been in since 29
Once it moves it’ll move quick. And if we’re done with interest rate hikes then small caps should rally. It should be $10 by the end of next year and positioned to run up to 20+ after that
I have a feeling we may be stuck in the 3-3.50 range for the next month or so unless the market really rallies. But if you like the company I’d hold those shares and get more on the dips.
That is a good level-headed analysis without bashing or overhyping. Thanks for the review. I think this company could be a really undervalued sleeper if they stay disciplined. Subscribed.
