01/05/24: Setting an alert for $15, at which point I will buy if all things still equal.
The drop and the headlines today tell me that Wall Street is focused on hype over substance. Some examples:
Palantir downgraded to ‘Underperform’ on AI hype: Jefferies
Palantir Downgraded on Overblown AI Hype. The Stock Is Falling.
When the Yahoo! stats page shows (excerpts):
| PEG Ratio (5 yr expected) | 0.89 |
Profitability
| Profit Margin | 6.93% |
| Operating Margin (ttm) | 7.16% |
Income Statement
| Revenue (ttm) | 2.13B |
| Revenue Per Share (ttm) | 1.00 |
| Quarterly Revenue Growth (yoy) | 16.80% |
| Gross Profit (ttm) | 1.5B |
| EBITDA | 69.1M |
| Net Income Avi to Common (ttm) | 147.31M |
| Diluted EPS (ttm) | 0.07 |
| Quarterly Earnings Growth (yoy) | N/A |
Balance Sheet
| Total Cash (mrq) | 3.28B |
| Total Cash Per Share (mrq) | 1.51 |
| Total Debt (mrq) | 236.27M |
| Total Debt/Equity (mrq) | 7.22% |
| Current Ratio (mrq) | 5.53 |
| Book Value Per Share (mrq) | 1.48 |
Cash Flow Statement
| Operating Cash Flow (ttm) | 489.77M |
| Levered Free Cash Flow (ttm) | 450.6M |
01/02/24: Seems Palantir gets on my radars with holidays. On Christmas I had set an alert for a drop below $17 and the year is starting off with a day low of 16.53. Thanks to my non-fiction reading of late I thought to re-check my facts before pulling the trigger, and, while most numbers look really good, the Fool has some interesting advise that will have me holding back for just a bit.
These 3 Overrated Artificial Intelligence (AI) Stocks Could Crash in 2024
3 No-Brainer Growth Stocks to Buy for Less Than $100
12/25/23: I’ve mentioned before the advice I received about buying who you are buying or paying. I should add that this is especially true if you do so unwillingly. I actually don’t use Palantir, but I have worked for a couple of companies that do and neither of them used it in the way it was designed. While that is certainly a testimony to the types of companies I work for, it is definitely an indication of Palantirs’ ability to sell its products.
On top of my own analysis, The Motley Fool has boosted this company, too. While the Fool is not as credible to me as it was when both brothers actively ran it, they are still one of the better self-serving sources out there.