Sep. 3 at 6:54 PM
$PINS DCF wise its undervalued and also by high margin. Pricing wise comparing P/E, P/S etc. to its peers it seems fairly valued.
I did not open a position yet, the decision is not easy for me. Thinking about a tiny position first which I can increase over time but still open about it.
CFO left recently which puts sentiment under pressure and could endager buybacks, debt levels or be a bad omen but Elliot is on board to protect shareholder value and their buybacks are insane (3bn on a 12bn marketcap! -> 25%). I dont like the SBC being so high (1bn, 22% of revenue) though, takes some of the buyback benefit of the table.
I could also imagine that a buyout from a private company could happen. Some bull cases describe it as the product catalog of personal shopping AI agents in the future. They are reducing their costs with layoffs which is in their industry normal due to AI automation which likely further strengths operating income.
