9Mon·

New addition to my portfolio $SNOW (+0.26%)

Snowflake was a mega IPO in 2020 and is a damn exciting company. Many of the big players such as Blackrock, Vanguard etc. are heavily invested in Snowflake and are constantly buying more shares because some of them are down 50%. So positions are being expanded because the story is right in the long term.

In hindsight, the share was too expensive at the IPO. Well, tough luck. But the fundamental figures have actually developed extremely well in the meantime - only the share price is now around 50% below the issue price.

In total, the turnover since the IPO in 2020 exploded from USD 265 million to USD 2.81 billion.

The company has been consistently profitable since 2022 (non-GAAP).

The free cash flow has been positive for just as long and has since increased from USD 0.27 to USD 2.37 per share per share.

Anyone who likes risky stocks with a good risk/reward ratio should take a closer look at this share.

The turnaround will come - the only question is when it will be too late to get in. 😎🤞🏼

03.10

Snowflake

Bought x50 at $110.61

$5,530.45

25 Comments

ThemenmitKopf@topicswithhead

9Mon

Welcome. At the moment it remains to be seen how it will continue but in any case at around 100 fair purchase value

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Seventrader@7Trader

9Mon

@topicswithhead You seem to have done a lot of research into Snowflake. What is stopping you from investing?

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ThemenmitKopf@topicswithhead

9Mon

@7Trader I am invested and have also written a text about it, where my opinion is usually in the conclusion. I looked at it in some depth, but more out of interest as to why a share keeps falling while turnover is rising

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Ben K.@BenKar91

9Mon

I'm with you... definitely too expensive at the IPO, but I'm also in and above all I buy regularly after 👌🏽 It's just a marathon and not a sprint 👍🏽

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Keno@KenoH

9Mon

I have set my buy target at € 95. Interesting share.

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Seventrader@7Trader

9Mon

@Keno04 I wish that the price never reaches your buy target 😜

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Tenbagger2024@Tenbagger2024

9Mon

Buffet is probably still holding on to it

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Deleted User

9Mon

Comment was deleted

Tenbagger2024@Tenbagger2024

9Mon

@portfolio_prophet_310
Is it that bad for the old man?

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Seventrader@7Trader

9Mon

@Tenbagger2024 As far as I know, Buffet got out.
But Blackrock, Jane Street, Geode, Millennium, Citadel, Soros etc. are invested and have bought more

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Seventrader@7Trader

9Mon

@portfolio_prophet_310 Don't underestimate the man just because you can't imagine it.

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Gerit@Gerit

9Mon

I also looked at it last year, but somehow I don't quite understand the company 🤷🏼‍♂️

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ThemenmitKopf@topicswithhead

9Mon

@Gerit what you need help with

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Gerit@Gerit

9Mon

@topicswithhead isn't the whole thing something like a "filter/search engine" for a company's cloud data? I don't think that's quite my topic

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ThemenmitKopf@topicswithhead

9Mon

@Gerit I wrote a mini report on Snowflake, but basically it's just data management, analysis and integration. You can imagine it like this, you throw in Excel tables and reorganize and analyze them. You can do this in different formats or via real-time data transfer, in different languages and also directly on your own platform without having to push it somewhere else.
Basically, if you take out the smaller and hyperscalers, there are 2 providers Snowflake and Databricks. Snowflake comes from the structured data and has gone into the unstructured data and Databricks is the other way around, along with a few other different ones.

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Gerit@Gerit

8Mon

@topicswithhead Danke

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TaxesAreTheft@TaxesAreTheft

9Mon

I've also been thinking about it for some time

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Wiktor_06@Wiktor_06

9Mon

Personally, I think there is good growth potential.
But unfortunately still far too early for my initial portfolio, as I need a few shares with dividends first ;)

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