Apr. 7 at 9:27 AM
$TOYO
How did the market miss this one?
1) Murky background
- Unconventional ownership structure
- 6 month reporting schedule
- Low liquidity
- Minimal analyst coverage
All getting solved
2) Sector group think
- Follow the leader mentality where people overfocus on 1-2 companies in the sector
- Trump is anti-solar therefore the sector is toxic
All proven flawed
3) Inherent bias
- Asian company ergo must be a chinese scam (they are Japanese)
- People see de-spac and think Chamath the crook
There are amazing companies ex-US that take non-traditional routes to the US capital markets
4) Regulation overhang
- They will be punished like Chinese and Indian companies by tariffs and 232
- There is an IP war
Not all companies created equal
All of this continues to lead people to discount the positives:
- booming sector
- profitable, growing company
- high inside ownership
- transparent and strategic management
- compressed multiple
💪
