Photo by Astrid Stawiarz/Getty Images Palantir (PLTR) trades at 552 times trailing earnings and 175 times forward earnings. Bank of America has set a price target of $255. Michael Burry bought $9.2 million in Palantir put options at a $50 strike price expiring in 2027. Palantir maintains a free cash flow margin of 50%, with … Read more
Michael Burry reiterated his GameStop bet in a Substack post on Monday. Investor “Big Short” wrote that a “bad business” has become the “ball of the ball” in 2021. Burry sold out before the meme boom because he was “blindsided” by the risks and saw few rewards. When it comes to regrets, Michael Burry has … Read more
Nvidia ( NVDA ) sent a note to Wall Street analysts over the weekend saying it is not engaged in vendor financing, a controversial practice in which vendors invest in or make loans to their own customers. Renowned shortcut sellers Jim Chanos and Michael Burry aren’t so sure. Nvidia wrote a seven-page document — first … Read more