Conviction: 5/5
General Thesis
Growth
Value
General Thesis
- V bouncing off of long-term channel support (since 2009)
- Weekly RSI showing signs of bottoming, although no bullish divergence yet
- historical support near (slightly above) 200W MA, which is also the case here
Growth
- Margins are high, although came down a bit in the last year
- revenue growth is at historical highs
Value
- P/FCF has come down dramatically since early 2021, now about historical average
- P/S near historical high
Fundamentals
low debt/asset ratio and plenty of cash to deal with short term debts
Potential Risks
- a little expensive
- NFT hype may have gotten this to be too expensive
- dependent on people continuing to spend money?
