larrycheung
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DCF Model Analysis: I'm going to be loading up on META on the next crater.
🕑 Added 2023-07-30 14:29:13 +0000 UTCMembers,
Our watchlist of referenced names mentioned in previous weekly letters have been doing very well, and I will continue to hunt for bargains in this market. I continue to think this market is very overheated, so I will have to be much more selective in discussing ideas.
Key Takeaway of this report (attached below):
This week's premium strategy letter will be a DCF Conclusions Analysis on Meta. Longer-term (looking out around 3 years), I see Meta reaching the 450/share level if they can get their current EBITDA margin of 31% back up to historical highs of 45%.
The most important lever for Meta going forward is their Capex spend. If they can manage these expenses reasonably, EBITDA margins (and the stock) are most likely going higher.
Zuck is committed to running Meta as efficiently as possible, and I believe any revisit back to the ~260 region will be a fruitful entry point for long-term investors.
Full strategy & analysis along with additional names that I'm watching is attached below in the PDF report.
Best
Larry
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