Coinbase Global Inc (COIN): Zacks Equity Research article 5/22/2024;...

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Minddoc7

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Wednesday, 05/22/2024 3:31:27 PM

Wednesday, May 22, 2024 3:31:27 PM

Zacks Equity Research article 5/22/2024; Zacks Investment Ideas feature highlights: Coinbase, Robinhood, Reddit, GameStop andMicroStrategy

Cash Cow

"Seth Klarman is a legendary value investor, billionaire, and one of the highest-earning money managers in the world. In an interview last year, Klarman stated that he avoids crypto but sees value in Coinbase, saying, “Coinbase is sitting on $5 billion in cash, has less than that in debt, and is doing some smart things.” Well, now that number has grown to more than 7 billion. I bring this to your attention because not many people trading a stock like COIN probably understand how sound the company is fundamentally."

"COIN has beaten expectations for five straight quarters, and not only are they beating them, they are smashing them. Over the past five quarters the average EPS surprise is 364.63%!"

https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-100100391.html

" Success seems to be largely a matter of hanging on after others have let go." ~ William Feather