bathtime Posted July 26, 2021 Posted July 26, 2021 On 7/23/2021 at 12:27 PM, Gregmal said: CRBU What’s your thesis on CRBU in relation to other CRISPR companies? Thanks!
Gregmal Posted July 26, 2021 Posted July 26, 2021 4 hours ago, bathtime said: What’s your thesis on CRBU in relation to other CRISPR companies? Thanks! Caribou has long been a private market white whale of mine. I generally have pretty good luck snagging private shares in companies I like but this one always evaded me, including a few ROFRs. I wrote up the entire CRISPR theme here some years ago, and like most wildly successful investments here, it was largely an unpopular thread and IIRC met with a lot of skepticism or critique. At the time, you could buy every real public market CRISPR play for a valuation of less than $5B. Today that number is north of $40B or so. Theres been some major developments, but in terms of the players, the main thing is that EDIT is an established turd and NTLA has made some serious progress. The only two major players that Im aware of that remained non public were Caribou and Synthego. So now that CRBU is public I just bit the bullet and bought a position. I dont even think the valuation, net cash, is that egregious. Caribou has always kind of been more secretive and stands out IMO as having the greatest IP protections and pipeline to new CRISPR uses through the platform along with maybe BEAM.
bathtime Posted July 27, 2021 Posted July 27, 2021 5 hours ago, Gregmal said: Caribou has long been a private market white whale of mine. I generally have pretty good luck snagging private shares in companies I like but this one always evaded me, including a few ROFRs. I wrote up the entire CRISPR theme here some years ago, and like most wildly successful investments here, it was largely an unpopular thread and IIRC met with a lot of skepticism or critique. At the time, you could buy every real public market CRISPR play for a valuation of less than $5B. Today that number is north of $40B or so. Theres been some major developments, but in terms of the players, the main thing is that EDIT is an established turd and NTLA has made some serious progress. The only two major players that Im aware of that remained non public were Caribou and Synthego. So now that CRBU is public I just bit the bullet and bought a position. I dont even think the valuation, net cash, is that egregious. Caribou has always kind of been more secretive and stands out IMO as having the greatest IP protections and pipeline to new CRISPR uses through the platform along with maybe BEAM. Thanks, that's great color on both Caribou and other CRISPR names! Appreciate it. And really interesting to hear that you've been tracking it for so long — and rate the IP as quality.
valueinvestor Posted July 27, 2021 Posted July 27, 2021 Why CNTWW as opposed to NYSE: AMR? I was in contura before they changed the name. This is so strange, I'm sure there's a reason?
rkbabang Posted July 27, 2021 Posted July 27, 2021 Since my last post on Thursday: Bought: FRFHF (fist time I've owned it in quite a few years) & CRBU Added to: ALCO, ATCO, APTS, & NVDA Sold all: FB & GOOGL. Sold some: AXON, NTAP, PSTH, MSTR, & TRUP
ourkid8 Posted July 27, 2021 Posted July 27, 2021 I just sold SmartCentres after a 20% gain and put the proceeds into FFH.
bathtime Posted July 27, 2021 Posted July 27, 2021 15 hours ago, bathtime said: Thanks, that's great color on both Caribou and other CRISPR names! Appreciate it. And really interesting to hear that you've been tracking it for so long — and rate the IP as quality. At $16/share, if underwriters exercise their option for additional shares, CRBU has market cap of approx. $916m with cash of approx. $398m. Seems like a relative value compared to other CRISPR companies.
Gregmal Posted July 27, 2021 Posted July 27, 2021 1 hour ago, bathtime said: At $16/share, if underwriters exercise their option for additional shares, CRBU has market cap of approx. $916m with cash of approx. $398m. Seems like a relative value compared to other CRISPR companies. Yea the bankers quite regularly seem to fall back on internal models which price these based on what phase a biotech company is in or how far away they are from generating revenue. Same thing happened with BEAM and not much later it was a 5 bagger. Not saying the same occurs with CRBU, but what I will say is that I would have paid more than the current market cap to own shares pre IPO. So I like it here. Doesnt take much to start moving the needle, as we just saw with NTLA the past year.
fareastwarriors Posted July 28, 2021 Posted July 28, 2021 Nibbled on some NPSNY and PROSY, Probably too early but it's okay.
dalekirkwood Posted July 28, 2021 Posted July 28, 2021 Not really a value stock but bought Xiaomi - 3CP today. Plan to sell off some of it at 3eur. Been looking at Xiaomi for a while. I bought a load of their Asian market stuff like a steam cleaner, vacuum, robot vacuum, pens, notebooks, defusiers and a few other bits. The quality is good! And not just Chinese good. I will do a write up soon.
KJP Posted July 29, 2021 Posted July 29, 2021 Today: Altice USA Over the last few months: American Outdoor Brands Leatt Corp. Turning Point Brands Nickel 28 Capital Corp.
dalekirkwood Posted July 30, 2021 Posted July 30, 2021 19 hours ago, Libs said: GLASF What made you buy this? It seems I am missing something
formthirteen Posted July 30, 2021 Posted July 30, 2021 Added to FFH.TO (book value growth and multiple expansion?), SPLK (migration of successful business model to a SaaS model will be more than successful?), and SPOT (founder owned, TAM, TAM, TAM?) yesterday. Bought DG (don't bet against the American consumer?) earlier this week.
TwoCitiesCapital Posted July 30, 2021 Posted July 30, 2021 Increased FFH by ~25%. This thing should be at $600-700/share USD IMO.
dalekirkwood Posted July 30, 2021 Posted July 30, 2021 On 7/29/2021 at 6:51 PM, Libs said: GLASF Now I know
ERICOPOLY Posted July 30, 2021 Posted July 30, 2021 (edited) Doubled my FFH. @ it’s at 420 USD of all prices. This is a sign. Cut back WFC Edited July 30, 2021 by ERICOPOLY
ourkid8 Posted July 30, 2021 Posted July 30, 2021 26 minutes ago, ERICOPOLY said: Doubled my FFH. @ it’s at 420 USD of all prices. This is a sign. Cut back WFC I just did the same trade by eliminating my WFC position and put it into FFH.
Libs Posted July 30, 2021 Posted July 30, 2021 7 hours ago, dalekirkwood said: What made you buy this? It seems I am missing something The simplified version is, if all goes well, they'll be growing over a million pounds of weed in a few years, at a cost of $150 a pound. A pound of cannabis in CA goes for $2,000 a pound now. Market cap is under $500MM now. Small, obviously very speculative position. There's a thread. My contention is CA will not suffer from oversupply and the selling price will hold up.
TwoCitiesCapital Posted July 31, 2021 Posted July 31, 2021 7 hours ago, ERICOPOLY said: Doubled my FFH. @ it’s at 420 USD of all prices. This is a sign. Cut back WFC Put those limit sales in @ $696.96
formthirteen Posted August 3, 2021 Posted August 3, 2021 (edited) 0700.HK and 9988.HK A bit of $FISV. Thank you @KCLarkin Edited August 3, 2021 by formthirteen $FISV
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now