01-12-2022, 04:59 PM
And since I am bored. ABNB should be years away from consideration as a core position whether Covid had happened or not. They aren't some joke SPAC, they will be profitable this year instead of 2020, but the PE will probably be something like 75-100 a couple quarters from now. They are basically a software company with good marketing and a very strong brand. I know a lot of millennials that only use ABNB. My brief experience with them has been excellent. Could the stock pop to 250 before it should? I think it could, and covered call premiums will keep me entertained for now. I really wanted to buy it a long time ago but I held off. I don't think it is a crazy thought to believe they will be as profitable as any hotel chain on the planet. But then again most hotel chains struggle so that may be a low hurdle to jump. We'll see.