Joseph Carlson: a call with no clear direction

The window it was checked over

CVNA closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

fundamentals we see a company that does not generate any profits a company that doesn't generate any earnings a company that has negative net income a company that's heavily indebted a company that relies on dilution and a company with rapidly growing expenses when you put all of that together right now I get a company that I wouldn't pay much of anything for this company's really not worth a lot in fact even after this substantial price drop I think the company is substantially overvalued at 1.5 five six billion dollars so I said this before and I'll say it again just because a stock drops eighty percent doesn't mean it can't drop more and just because carvana has dropped 96 doesn't mean it can't drop 99 in my opinion I still think this company has a ways to go down towards its fair value its true fair value and that's why we avoid companies like that on this channel when I do Investments I do them based off of the actual intrinsic value of the company not their relative value compared to the next closest company I look at the actual cash flows they produce and the money they're going to provide me over the long term so that's all for this episode I hope you enjoyed I'll have another

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