Palantir?

Submitted by MageTank12 t3_ygrtev in wallstreetbets

I'm looking into buying calls of Palantir before their Q3 on Nov 7th but everything I look up on them is weird, the revenue is up and they say the costs are down yet their net worth has tanked in the last 3 quarters. Am I dumb and burning money on these calls?

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VisualMod t1_iua2ty7 wrote

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VisualMod t1_iua2urd wrote

>No, you are not dumb. Palantir is a data analytics company that has been struggling to achieve profitability since its inception. The company went public through a direct listing in September of 2020 and has seen its stock price decline by over 30% since then. Despite this, the company continues to grow its revenue at a rapid pace and recently announced plans to expand into new markets such as healthcare and insurance. Given these positive indicators, I believe that buying calls on Palantir before their Q3 earnings release could be a profitable investment strategy.

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MageTank12 OP t1_iua3jgk wrote

Replying to VisualMod (#320,929)

Hey thankyou for the feedback, still a little confused on why it is the way it is, but even before putting up this post I put an order in to buy calls so hopefully Q3 is profitable.

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DIYspecialops t1_iua3lzw wrote

I’ve been a long time PLTR investor, holding heavy bags… but I still have faith in the thesis. This company has the best product in its sector, but it’s not going to have any good plays anytime soon. It’s a long game plan, buy and hold situation. Traditionally, the price will tank on earnings. So take what you will from that.

This is not financial advice.

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pigsgetfathogsdie t1_iua4kcy wrote

Beware…

Palantir is a strong company.

But…a HUGE BUT…

They are one of the most investor unfriendly companies on the planet.

They could have a strong EPS, but they’ve been diluting earnings for years…employee stock compensation.

Ever since their DPO…PLTR management just tells Wall St to fukk off.

They poked the bear.

I keep thinking this after each quarter of missed numbers…they can’t do it again…especially in this brutal environment.

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WestTexasCrude t1_iuacoq6 wrote

Caveat emptor. Dilution and SBC and insider selling.

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aRahman86 t1_iuammv6 wrote

Palantir is the new wish.

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MathematicianKey5605 t1_iubgwt7 wrote

Look at their net income. They’re BLEEDING cash. Puts I had on them printed last week. Not sure upcoming earnings will be, but I’d guess not great

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BleachedTaint t1_iucbetr wrote

Don’t buy calls on anything reporting earnings right now, especially not tech

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Nihaohonkie t1_iucdhoa wrote

Replying to MathematicianKey5605 (#336,355)

They have over 2.4 billion in cash reserves and their operating expenses have increased due to a huge push of new hires and expenses. I’m not saying their financials are solid by any means, but they are not strapped for cash

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BagholderBaggins t1_iucsvmt wrote

Replying to MageTank12 (#321,037)

Lmao this bot is getting too good. You just had a verbal exchange with it. And the real joke is on me cuz I got 9.50s Friday morning for .3 each. It might run man, I'm thinking it will as everything else does with the lower hike at the fed meeting. And if we tank it could still pop as a bit of a haven, like mentioned before they don't care about the shareholders but they do care about coming out of this downturn in a sprint. Billions on hand to weather the storm and lower quarterly spending/higher revenues has me agreeing. I'm trying to dca some shares at these dirt cheap prices and maybe 4x in 3 years. Solid play in my dumb logic, disconcerting to see it on here tbh. Did I fuck up? 😳

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BagholderBaggins t1_iuctb63 wrote

Replying to aRahman86 (#324,454)

Except they do data analytics mainly for government contracts, and wish sells aunt Becky's hand made shell necklaces through an app they taped together running on 90s servers. But yeah. Oh just don't look at their finances. Wish was a pump n dump cash grab of a shit app selling shit. Palantir don't give a fuck and has billions to burn waiting this thing out. Fukouttahere

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BagholderBaggins t1_iuctm72 wrote

Replying to Nihaohonkie (#336,551)

This. With no new clients, they can operate at these margins and insolvent in almost three years. Meta had 10 billion in reserve and burned 9 of it for comparison. And in like comparison saying this thing is bleeding cash is like saying meta is declaring bankruptcy soon...... yeah but not at all likely. Years of this need to play out. I'm long fuck yall 25 by 2025

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mimo_s t1_iuddqkp wrote

Bro are you still holding those bags?

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aRahman86 t1_iudiyoa wrote

Replying to BagholderBaggins (#339,096)

Yeah, they are so good that their price is one third of what it was 12 months ago. And they don’t earn as much for their shareholders as their board takes in compensation. Ohh wait, they never generated positive eps.

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Lastshredofhope t1_iuei6rf wrote

The usual play with PLTR is to buy calls and sell them just before earnings (it usually drops on earnings) however I don’t know if you’ve heard but we are currently in a bear market.

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