First Looks
The first time we go through a new story and suss out our initial views as a potential investment.
MoneyLion Mirage Paid Members Public
We got asked to look at MoneyLion $ML which is trading less than book value and seemingly way too cheap. Too many red flags popped up, even at this price. YMMV.
MobiX Labs Second Look Paid Members Public
A second look at MobiX Labs doesn't improve the picture. They hope to complete their deSPAC with $CLAY but this is still a work in progress.
Moolec Snuck out in 2022 Paid Members Public
AgTech story stock Moolec snuck out while we were on vacation to close out the SPAC IPO year. It has a tiny float with a sketchy operating plan.
zTrip via Spree Acquisition Paid Members Public
No deck on this one, but zTrip is looking to come public via $SHAP. It's a taxicab roll-up company with a software layer on top. Scary!
More Rational by the Day Paid Members Public
The scrubbing of the SPAC IPO space continues. Bad deals are getting pulled. Some people are going to jail. New names are starting cheaper.
Electric Harleys? Paid Members Public
Harley Davidson spun their electric motorcycle unit, LiveWire $LVWR, via SPAC. It's overvalued and faces a challenging future.
PlayUp Dumpster Fire Paid Members Public
PlayUp is yet another online betting application with grand visions and a business model broken in multiple places. The SPAC $IGAC should be worried.
SPACuloos 7.7.22 Kalera, Symbiotic, Alvotech & Polestar Paid Members Public
Here's the skinny: $KAL - play the low float and run, $SYM - fade the hype and short/sell, $ALVO - decent risk/reward to be long, $PSNY - needs to grow into the valuation or get cheaper first.
