$GRAB

So, I called up one of my friends last night and we talked for a few hours.

He works in private equity and pretty much runs numbers all day in spreadsheets to come up with what the fair value is to pay for a business.

He is the same friend I consulted with when $HOOD was $8 and we were trying to figure out if it was a buy. We already had our a 5-hour phone conversation back in early January about $GRAB.

After that conversation, we both bought a decent amount from $4.50-$4.75.

Two things we discussed last night:

1. The excitement on X about $GRAB being something we have never seen before. We would both be sending any post we could find on Grab in January because there were so few of them. Now, there’s thousands.

2. We spent time doing the numbers again because all the bullishness was making us a bit afraid. We used DCFs, compared to Uber’s margins, tried to be conservative on the timeframe…and we got the same result we got back in January, which some of you may not want to hear, but it’s a PT of $10 by 2027.

I know people are now expecting a massive move but I will just put out there again that my projections still make me comfortable with expecting $10 by 2027. A double in 2 years would be amazing especially if options can magnify the returns.

Now, we don’t know what the impact of retail will be.

This is the wild card.

Either retail really gets excited or they get interested for a few weeks then leave or hedgefunds see all the bullish retail chatter (they monitor X) and start entering in the name to build a position or none of that even matters.

I have no clue what impact retail will have, but its a new variable to consider that CANNOT be dismissed when thinking of the name now because what has happened in the past 24 hours on X is something I have never seen before.