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Paul LeCoque
@paullecoque
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There is no spoon… Entrepreneur, investor, & news junkie. Former hedge fund mgr/RIA/inv banking. Northwestern & IL Big Ten alum. Posts not investment advice.
San Francisco Bay Area
Joined July 2011
RT @WSJ: Exclusive: An Elon Musk-led investor group is making an unsolicited $97 billion bid for control of OpenAI
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RT @elonmusk: Listen Larry, we need to stop government spending like a drunken sailor on fraud & waste or America is gonna go bankrupt. T…
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RT @BillAckman: Did everyone else understand that Non Governmental Organizations, ie, NGOs, receive most if not all of their funding from t…
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RT @KobeissiLetter: On day 8 of the formation of @DOGE, the below announcement was made. DOGE is reportedly saving the US Government $1 bi…
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RT @NickTimiraos: In the NY Fed's consumer survey, inflation expectations at the 1- and 3-year horizons were unchanged in January, opening…
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RT @zerohedge: And NY Fed 1 Year inflation expectations are... unchanged Socialist "economist" Justin Wolfers over at UMich is going to ha…
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RT @SpaceInvestor_D: $ASTS Abel watching the Starlink SuperBowl ad yesterday and double-clicking on the $15/month tag. h/t @spacanpanman…
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10 days ago @ $19.24. “For what it’s worth, I think $ASTS is one of the most undervalued companies I’ve seen in my investment career.” Still think the same.
While many may see this as a stretch for $ASTS, to say the least, I don’t. I’ve been thinking along the same lines, albeit precise timing is always hard to peg. I’m not big on price targets either (get asked this all the time about IonQ et al). But, importantly, here we already have a legitimate comp in Starlink, with a current value of $228B, with clearly inferior technology and significantly less global coverage than ASTS. There are other factors, of course, that come into play, but this definitely offers a ballpark guide as to what ASTS can achieve in terms of its valuation. And markets love to peg off comps, and will discount future growth prospects 6-12 months ahead of time. Also, most institutional investors are not aware of or up to speed on ASTS, likely due to the Musk effect. But this has created a very unique opportunity. For what it’s worth, I think ASTS is one of the most undervalued companies I’ve seen in my investment career.
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RT @JTLonsdale: Even if I had no exposure to funds, I’d oppose taxing carry at a higher rate than cap gains. I love the current vibe: 100%…
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