7 Comments

I agree with you. I think Cloudflare has a lot going for them and they continue to uplevel the team! Great post.

Expand full comment
May 23Liked by Tech Fund

Great Unity write up... I sometimes struggle to see the long-term picture on this stock amidst all the negative noise.

Expand full comment

Thanks a lot for the write-up! I've been tracking SHOP for a long time and its a company with a bright future ahead. I've been too cheap to buy in the past and also now. If the stock drops close to 5% FCF yield, I'll be backing up the truck (currently at 1.4% FCF yield). Will keep tracking and hopefully get a chance to invest in the future - if not, I'm still fine to cheer on from the sidelines!!

Expand full comment

Regarding APP, why analysts are estimating low teens (10-12%) growth for the next several years? Are they wrong on this? Maybe that’s why multiples are low?

Expand full comment
author

Usually companies that can generate more than 10% top line growth trade much higher e.g. ISRG, ABNB etc. I suspect the low multiple is due to the lower quality of the business.

Expand full comment

Thanks for writing, great read! Quick question on Cloudflare's 30,000 GPU, have they disclosed that before? Are those GPUs already online or in pipeline? Thank you.

Expand full comment
author

It's an estimate, we know that Cloudflare has tens of thousands of servers already, but the exact number is not disclosed.

Expand full comment