· 个股论点
$RDDT 现在已经有点离谱了。 看起来完全被错定价了。过去几个月已经跌了 40%。 如果把结转亏损剔除掉，它的净利润率约等于收入的 28%，这已经相当夸张。 而且它未来收入还在以 50%+ 同比增长，前面一年更是 70%+ 同比增长。 如果你看过 $META，就知道用户变现空间能有多大。Reddit 的变现上限非常高。 它在 IPO 之后其实已经去风险了，因为 Reddit 现在是市场上增长最快、利润率最高的公司之一。 有一天如果它像 $CRCL 财报后那样突然暴涨，我们会回头发现，原来它当时只有 240 亿美元市值。
$RDDT is getting ridiculous. Looks completely mispriced. Now down 40% over the past few months. If you strip out carry-forward losses, their net profit is ~28% of revenue, which is absolutely enormous. And they’re growing forward revenues 50%+ Y/Y after 70%+ Y/Y growth. If you ever look at $META, you know how much revenue can be optimized/user. There’s an incredibly high ceiling for monetization with Reddit. It’s already derisked since IPO since Reddit is now one of the fastest growing and highest margin companies in the market. One day if it pulls a $CRCL post earnings, we’ll look back and wonder how this was valued at $24 billion MC.