Aug. 22 at 5:54 AM
$PATH one year ago q2 results: revenue was
$362 m, now they want it to be
$400 m, so an around 10% growth. as per my thesis that this money can only come from banks, let’s look again at interest rates. Again the interest rates were much lower then. so money got increasingly more expensive in the last year, let’s say around 10% more expensive. so they want 10% more money but the money got 10% more expensive. this means that the bull thesis implies a growth in their clients revenues of around 20%. let’s look at one of their biggest client: Chipotle’s revenue fell 4.4% yoy. the bullish thesis therefore fails to stand the minimum scrutiny based on data, not illussions. I stand by my prediction, Danies is going to hospital on er day
