Eternal Pain
Will Virgin Galactic ever provide share holders with anything but pain?
The board is no help as they continue to issue more shares. However; there is a potential bright future.
Currently the equity value of the company is lower than the liquidation value of the firm. The enormous cash burn is slowing as most of the capex necessary for flights is ready to go. Given their booking backlog, once they start a solid rhythm a lot of cash is going to be generated.
Look at their most recent investor presentation. With conservative estimates when (if) regular flights begin one spaceport will generate 500m per annum in EBIT [[5x the current value]] With profits and any sort of multiple on earnings the future could be galactic.
My hopium induced reason for owning this since $5.90 is one day in the next 3-5 years this could be a legitimate 100+ bagger. Space is the ultimate growth arena and with SpaceX focused on mars and industrial matters, Blue Origin no where to be found, the moat is large and the industry is wide open.
The board is no help as they continue to issue more shares. However; there is a potential bright future.
Currently the equity value of the company is lower than the liquidation value of the firm. The enormous cash burn is slowing as most of the capex necessary for flights is ready to go. Given their booking backlog, once they start a solid rhythm a lot of cash is going to be generated.
Look at their most recent investor presentation. With conservative estimates when (if) regular flights begin one spaceport will generate 500m per annum in EBIT [[5x the current value]] With profits and any sort of multiple on earnings the future could be galactic.
My hopium induced reason for owning this since $5.90 is one day in the next 3-5 years this could be a legitimate 100+ bagger. Space is the ultimate growth arena and with SpaceX focused on mars and industrial matters, Blue Origin no where to be found, the moat is large and the industry is wide open.
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