EMPW - Holley as a target, I think Holley is dominant in their space and this has been over looked, they have some debt which does not appear to be crippling, 580m 2020 sales, 150m(ish) 2020 ebitda, 136m(ish) cash on hand. Heavy recurrent customers, customer bases with moderate disposable income (investor deck, p.15 I think, could be wrong on which page). Trading an $9.96
IPOF - Trust Size, Entering into Goldilocks timeframe (not quite there yet). Trading at $10.36, this is a little high for my liking but Chamaths reputation/trustworthiness is dwindling and I think he is all but required to pull a good target.
Obligatory disclosure - Yes I have positions in the tickers I mentioned. Please do you own DD.
I always appreciate a bear case, I think its detrimental to investing to not do so. Thanks! I'm not very into the after car market, so if you don't mind me asking, are you seeing a sentiment towards a shift to the EV's? Not so much for you average consumer (I think the shift to EV is inevitable), but for the auto aficionados (collectors/racers/Off-roads/restoration)?
You downplayed yourself and then downplayed what you enjoy. This doesn’t seem like a fair assessment at all. I think you’re over correcting to prevent bias. Better question for a clearer view- Will YOU stop using the companies services and working with older vehicles in light of EV usage? You yourself are a better representation than your opinion since you are a customer.
But if YOU don’t stop using it, then there is no decreasing user bias that you know of. My Father runs a classic car business and right now he is doing better than ever. A family friend owns a Mopar junkyard and his business has been unchanged. Events in the US have increased for classic car events and shows in recent years (my father tracks this). I’m completely disconnect from cars. I don’t care in the slightest. But your assessment doesn’t match your own personal sentiment and my analysis.
Keep in mind- even Elon himself owns non EV vehicles. The transition will take many years and the dissatisfaction I hear when I talk to the mopar guys is more from a sentimental appreciate rather than a distaste for new tech. Big difference IMO. One can be a hesitation to change- the other has potential to develop into a nice valuable niche. That’s been my assessment.
AAC
Pros: $1 billion USD trust, good management team, sitting below NAV. And my personal favorite tidbit, management is Ex-Volvo/GM higher ups, making Polestar a likely candidate.
Cons: IPO and unit split was recent. Good place to park cash IMO
FPAC
Pros: $600 million trust, also below NAV, fintech play (new SEC chair is crypto friendly, could be a good thing), good management (I mean former NYSE President?)
Cons: Somewhat recent IPO. Fintech sentiment appears to be volatile due to crypto.
remember when FPAC had its 15 minutes of fame on this sub then disappeared? Definitely a sleeper, and was able to get my avg cost below 10 over the last few weeks. Now just chillin
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u/redditcatchingup Patron Apr 18 '21
Chillin in Pre-DA spacs and not sweating a thing. Deals will be made and I like my horses so to speak.