5/6/24 - vrockstar - punting long here. Spac's all look like trash, so for s/t that's trading like the rest 1) the lift to sustained bid is defn requiring a great catalyst - and this seems like a decent biz w/ potential benefits of a stay-at-home-things-r-too-expensive-eCONomy and 2) cash gen, not burner, good balance sheet/ clean, "growing" or at least that's the first glance (even if it's sub 10%)... think we could see a 5-10% pop and any dips of similar magnitude would see a dip buyers step in. think R/R is a 2.5:1 here and i'm targeting 2.5-2.6$/shr exit here. not highest conviction play on my part, but it checks enough boxes to take a low size punt long.
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