中文翻译
@SVBriskmanager $SNAP 本质上是一家极具前景的公司。但数十亿美元的股票薪酬(Stock Based Compensation) -> 借债回购股票 -> 陷入债务 -> 尽管自由现金流(FCF)本身盈利，却还要支付利息，这简直荒谬。
· 个股论点
SNAP基本面优秀，但高股权激励导致借债回购并产生利息，逻辑荒谬。
涉及标的： $SNAP
英文原文
@SVBriskmanager $SNAP is fundamentally an extremely promising company. But the billions in stock based compensation -> taking out debt to buy that back -> going into debt -> paying interest on that debt despite having otherwise having profitable FCF Is just ridiculous.