New addition to my portfolio $SNOW (+2,43%)

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. 😎🤞🏼