The_Black_Log Foler
Stock Pals Senior Vice President
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If you didn’t see Blazin’s post on Tesla a few pages back would recommend reading it. His thoughts may compliment your research well.
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Investing General Discussion
- Thread starter Furious
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Dig into SNOW since y’all were taking about it. Story sounds good and we used them a ton at my last corporate job, saw the stock was down and was like heyyy this might be interesting.
Long story short I wouldn’t touch this until they get their stock based comp under control. It’s almost 50% of revenue and that dilution is just brutal, even if they are growing fast they have to stay above that to get anywhere. I’m a Buffett fan and that’s one of the things he always says to look out for and avoid. Your mileage may vary, value investing isn’t always for everyone
Long story short I wouldn’t touch this until they get their stock based comp under control. It’s almost 50% of revenue and that dilution is just brutal, even if they are growing fast they have to stay above that to get anywhere. I’m a Buffett fan and that’s one of the things he always says to look out for and avoid. Your mileage may vary, value investing isn’t always for everyone
The_Black_Log Foler
Stock Pals Senior Vice President
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The_Black_Log Foler
Stock Pals Senior Vice President
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Wait you’re referring to their stock compensation as part of their TC for employees? If so the crazy stock comps are like this for all these companies
Snowflake Software Engineer Salary | $208K-$867K+ | Levels.fyi
Software Engineer compensation in United States at Snowflake ranges from $208K per year for IC1 to $867K per year for IC5. The median compensation in United States package totals $400K. View the base salary, stock, and bonus breakdowns for Snowflake's total compensation packages.
www.levels.fyi
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Burnem Wizfyre
Log Wizard
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Took my tendies out for a whopping $53 profit!!Blazin plz weigh in. About to dump this turd at a $200 loss
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The_Black_Log Foler
Stock Pals Senior Vice President
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Blazin
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It has been an issue in the first few years, share issuance has gone down dramatically. This is extremely common for companies in that stage of their growth, not that I like it but it's one of the ways to burn less early on. I would never tolerate any net issuance in a mature company, I want to see share count in decline. I think SNOW will be flatish share count for awhile and then join the buyback club at some point though I wouldn't expect anything substantive on that front for quite awhile.
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Blazin
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If he is that impatient wasn't going to make it anyway, better to cut it and be done.
Nothing against folbro but he is clearly in the overly excited stage of something new. We all go through the stages some make it most don't. There won't be a stockpals in the near future let alone 10 yrs from now. The ones who fly too close to the sun are still good for the thread so we can all share in the learning process.
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To be clear, my comments were based on the financial statements, where I see $775MM in revenue and $306MM in stock based compensation for 4Q23.
They buy shares to offset and keep the share count under control which helps, and makes it more transparent on the cash flow statement. I just feel like that still a pretty crazy high percent of revenue to be spending on SBC.
They buy shares to offset and keep the share count under control which helps, and makes it more transparent on the cash flow statement. I just feel like that still a pretty crazy high percent of revenue to be spending on SBC.
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Burnem Wizfyre
Log Wizard
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Blazin
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More or less frothy than a restaurant chain? Trades at a lower FPe than chipotle
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Palum
what Suineg set it to
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Bridge Collapse Triggers Fears of Inflationary Supply-Side Shocks
Citi’s Hollenhorst sees a harsh reminder for economy after months of calm
www.bloomberg.com
Aha Jerome finally has his "not my fault" card?
