February 5, 20200Comments

Don’t Let Casper’s Lower Price Fool You, It’s Still Overvalued

Casper drastically cut its IPO price range to $12-13/share, but even at its lower valuation, investors would be wise to avoid this IPO.

by Kyle Guske II, Senior Investment Analyst, MBA

February 3, 20200Comments

Don’t Buy Casper, The Latest Money-Losing IPO

The next money-losing IPO that touts itself as much more of a transformational business than it actually is has arrived.

by Kyle Guske II, Senior Investment Analyst, MBA

October 2, 20191Comments

WeWork’s Failed IPO Is a Win for Main Street

Main street investors avoided sinking billions of dollars into a value-destroying business while forcing important leadership and governance reforms.

by Sam McBride

September 23, 20190Comments

Peloton’s IPO Is More Overpriced than Its Products

Peloton’s suspect accounting and outrageous claims about its total addressable market suggest a WeWork-like perception of reality.

by Sam McBride

September 17, 20190Comments

Does The RealReal (REAL) Have a Path to Profitability?

This report aims to help investors sort through REAL’s financial filings to understand the fundamentals and valuation of this recent IPO.

by Sam McBride

September 11, 20191Comments

Don’t Buy WeWork’s IPO At Any Price

WeWork’s (WE) IPO process has gone so off the rails that it might not even happen.

by Sam McBride

September 10, 20190Comments

Pre-IPO Coverage: Cloudflare (NET)

This report aims to help investors sort through Cloudflare’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

September 9, 20190Comments

Pre-IPO Coverage: SmileDirectClub (SDC)

This report aims to help investors sort through SmileDirectClub’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

August 19, 20191Comments

WeWork Is the Most Ridiculous IPO of 2019

WeWork might not be the largest IPO of 2019, but it is easily the most ridiculous, and the most dangerous.

by Sam McBride

June 25, 20190Comments

Pre-IPO Coverage: Change Healthcare (CHNG)

This report aims to help investors sort through Change Healthcare’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

June 17, 20192Comments

Is Slack’s Expected Valuation Spot On?

Slack has impressive growth numbers and some real competitive advantages, but it also faces significant competition as it expands the breadth of its offerings.

by Sam McBride

June 11, 20190Comments

Pre-IPO Coverage: Chewy (CHWY)

This report aims to help investors sort through Chewy’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

June 10, 20190Comments

Pre-IPO Coverage: CrowdStrike (CRWD)

This report aims to help investors sort through CrowdStrike’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

June 5, 20190Comments

How Much Should Investors Pay for Slack?

We sort through Slack’s fundamentals, project plausible scenarios for the company’s future, and determine the a fair value using our reverse DCF.

by Sam McBride

May 3, 20190Comments

Beyond Meat’s First Day Pop Is a Double-Edged Sword

BYND’s successful IPO gives it more capital to scale its business but the company’s lofty valuation raises the expectations in what is already a crowded industry.

by Sam McBride

April 30, 20190Comments

Pre-IPO Coverage: Beyond Meat (BYND)

This report aims to help investors sort through Beyond Meat’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

April 26, 20191Comments

What’s A Few Billion Among Friends?

Underwriters lowering Uber's anticipated IPO valuation from a rumored $100 billion to $80-$90 billion means investors are not buying the pitch as well as hoped.

by Sam McBride