Why would you think a reverse split?
They don't really need to increase the pps, and they are well within compliance.
Market conditions, are a huge driver, and have been hard on most. Turning profit is bottom line. The need it.
They have a pretty known platform, and it definitely has value. They have $32.8B in assets, and total liabilities of $22.9B, so looks like they can still find a way to function for some time to come. Last three quarters they lost, the most recent was a doozy, $5.9B. Of its nearly $6 billion in losses, $5.6 billion came from changes in the valuation of other companies in which it has a stake. A large portion of that was in DIDI, which was dropped from NASDAQ to the OTC.
The profit swings are big. They have been growing revenue constantly still, which is good. Roughly a billion for each of the last four quarters. Would help if DIDI worked out Sooner, rather than later A turn in market movement, based on something solid would be great.
Is it fair at the market cap of $44.2B fair! Currently, I think so. Possibly cheap, depending on the future. Hopefully they can stay away from further investment losses, scale well, and pump out consistent profits.
Lot's of money looking for bottoms, and they flood in at first solid sign for a market reversal. Looking forward to it.
DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.
People kill for money. What makes you think they will not lie to you for yours?
AI
