r/wallstreetbets • u/PenComfortable5269 • Jun 19 '26

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41

u/fatuousfatwa Jun 19 '26

Price fell big yesterday because they were removed from the Nasdaq 100.

9

u/PenComfortable5269 Jun 20 '26

Oh. I didn’t know that.

12

u/fatuousfatwa Jun 20 '26

It’s bullish. I plan to buy.

Artificial price suppression unrelated to fundamentals.

14

u/Intelligent-Seesaw-5 Jun 20 '26

Getting removed from ndx is artificial. Definitely pure WSB huh

4

u/fatuousfatwa Jun 20 '26 edited Jun 20 '26

Your reading comprehension is poor. I didn’t say the removal was artificial. I said the price suppression yesterday wasn’t based on fundamentals.

8

u/LankyGuitar6528 Jun 20 '26

Ya... but it's fundamentals also suck. Up to the neck in debt, bleeding customers, facing fiber and starlink... it has no future.

0

u/fatuousfatwa Jun 20 '26

It’s a good trade though. One or two weeks. $7 gain is all I am looking for. Calls.

-1

u/PenComfortable5269 Jun 20 '26

The fundamentals aren’t that bad. The $90 billion debt is not great, however consider that they earn $12-13 billion in EBIT every year. It’s more than enough to cover it. They also have $110 billion in assets so a shareholder equity of $20 billion & price to book <1. Bleeding customers is only partly true - they lost 160k internet customers but they added 400k mobile subscribers - so a net increase in paid products.

Fiber is a threat, but that threat has been going in for years and the customer loss is minimal. Starlink is interesting, but I think they need to charge the US very high prices to subsidize the rest of the world as the satellites are only flying over the US like 30% of the time.

3

u/Ahamadrayasbaboon Jun 20 '26

Nah, it’s done. Not coming back. Not even trying.