Invests in long and short positions in equity securities. Utilizes unaffiliated exchange traded funds (ETFs) and mutual funds for investment. Now — the numbers.
The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.
No real growth (-2% a year). Red columns mark years that ended in a loss.
This company is not turning a profit, so the market is pricing its sales instead: 4.5× for every dollar of annual revenue.
No analyst target is on record for this company.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Revenue Growth: Sales are going backwards, not just slowing.
The stock trades below its recent peak — about 9% off the top. A pullback, not a collapse.
Sales run at $30.1M a year. A small number, but proof the product has real buyers.
A loss of $294.0M against $30.1M in annual sales.
Sales are going backwards, not just slowing. Council score: 4/10.
Costs swallow the gains that sales growth brings in. Council score: 4/10.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.