Why I'm Buying Snowflake Stock Now

[@JosephCarlsonAfterHours]

I will be addressing the criticisms of snowflake being overvalued in the next video.

[@twolves2513]

Bro.... Nobody paying 200 times free cash flow. Its not worth its current price even if it had 1 billion free cash flow now

[@derek8315]

I liked the video - I am considering purchasing but don't know enough about it yet to be confident to hold if it drops. Any additional context translating the tech jargon would be appreciated for us in other industries. What you had helped but any more context is appreciated.

[@twolves2513]

@@derek8315 to put it simply it’s extremely overpriced…

[@vaibhavsingh9x]

I'll personally skip on it and will consider buying if I don't see serious competition in the relational hybrid cloud database space. There are companies like Databricks or Confluent which might be good buys as well, once they IPO. Maybe if they fall close to their Morningstar recommended price of ~$200

[@derek8315]

@@twolves2513 some companies just trade higher. Amazon and Shopify have insanely high PE's and always have and probably will for the forseeable future. Doesn't really phase me. Focus on your own stuff, don't need to advise other people I can handle it

[@FNDMA]

I am SnowPro certified. I am a Cloud Data Engineer in one of the biggest customers of Snowflake. Believe me: it is priced as if it was 5 years ahead. It is not a bad investment long term indeed, however, the opportunity cost is huge. There are way sounder investments elsewhere.

[@JosephCarlsonAfterHours]

Same thing can be said for Shopify, SEA LTD, Cloudflare, and many others. I was told many times Shopify was overpriced at a 70b market cap.

[@patrickhighspeed]

@@JosephCarlsonAfterHours that’s not a good reason to buy at the moment. There are better opportunities right now like Alphabet etc

[@FNDMA]

@@JosephCarlsonAfterHours Shopify has a way bigger market to tackle. And you are comparing apples to oranges. The entire analytics market is capped at 180b as of 2020 Gartner data. There is no way that Snowflake fills the needs of more than 40% of the entire datalake/DW industry. You have databricks, all of the equivalent services from the public vendors, on-premise use cases as well. Moreover, big data in real time is not good in Snowflake. There are latency problems, and being SaaS solution, it is not cheaper at all than the rest of the players. Also, it is not even fully a finished product. What I mean is that in this industry there is no one size fits most. The use cases are too many and too specific. Every player has its use case in fact. It is an awsome solution (otherwise I would not work on it). It just is not worth 40% of the market of data repositories.

[@asnierkishcowboy]

@@FNDMA I am a reinsurance mathematician working in consulting in many projects. What you describe is analogous to Salesforce and SAP. Theres loads of user specific use cases and to properly integrate everything demands spending millions. The result is that one usually sticks to the respective solution. Is it the same in the analytics space, i.e. how sticky is Snowflake once its integrated? That is something i can very hardly comprehend.

[@FNDMA]

@@asnierkishcowboy You nailed it. Snowflake is the Salesforce of cloud data warehousing. But a little less complete of a solution. Nothing to compare between Salesforce and Snowflake. But you can look at it as how you described.

[@TheDeni993]

Wait so Palantir getting government contracts didn't sound like a good investment however paying more than 200 times free cash flow is?

[@stephenking9305]

Great point, the fact he got into Snowflake and NOT Palantir tells a lot about "value" investing...

[@benjyboy8481]

@@stephenking9305 this isn't value investing

[@paulpollaro]

Palantir’s limited TAM is a problem snowflake doesn’t have

[@R3tr0v1ru5]

@@paulpollaro Yeah, I think SNOW/databricks are must own companies. Data is so big and going to get so much bigger. PLTR, DDOG, are also worth watching.

[@JosephCarlsonAfterHours]

Welcome back everyone, it's been a while! This is a full video on Snowflake, a new hyper growth stock i've added. In the next video I'm going to do a full update on the Story Fund and how it's performing against the S&P500! As always, thanks to all the patrons! www.patreon.com/josephcarlson

[@nelsonwu1191]

hey joseph, what platform are you using to research companies that allow you to see revenue break down?

[@druiz012]

10% margins seem kind of low no? That's almost as low as manufacturing... you think of Microsoft, Google, Amazon (with the AWS side of the business) they have had higher margins than that... now if it was 20% margins that would be enticing. Also how much would their margins increase as they scale? That's what I would like to know. You figure operating costs shouldn't go up as much you scale right?

[@philippusparacelsus4136]

Surprising pick Joseph! Very bold... I looked into Snowflake a while ago, I like the business and the idea, but I did not invest because of some concerns: 1) What will be stopping Amazon to crush Snowflake? Betting on little fishes in a shark tank is dangerous 2) The amazing growth in revenue is matched by the incredible growth in how much money they are losing: negative earnings went from -178 mil, -348, -539. When they can make 1 dollar without losing 2, I will be happier. 3) Valuation, valuation, valuation, valuation. You are paying a random high-schooler 10 million bucks a year because he could be the next Lebron James. 4) They went from 38.2 mil shares to 295ish.. that's insane and disrespectful to investors

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@blubaylon]

Thanks so much for this comment, I was really hesitant about whether to invest or not and this comment perfectly gave the other side as to why not to invest.

[@andrewwhitcomb4857]

Amazon and Snowflake are in different businesses.

[@babyprince84uk]

@philippus Paracelsus I totally agree Out of curiosity, what good company’s nowadays you are considering a strong buy?

[@muabyt7333]

Thanks for the upload after a long week of waiting ;)

[@JosephCarlsonAfterHours]

I’ve been out of the recording studio for the past week, will have lots more videos starting this weekend.

[@uncertaintyunravelled8273]

Have to admit watching your portfolio getting reduced to a handful of big tech holdings is a painful reminder not to get hyped up. Appreciate the lesson

[@TheDanaYiShow]

"are there any guarantees? No. This isn't car insurance" LOL

[@Ardarail]

How much do you consider valuation? Obviously it's not enough to buy great companies unless you buy at reasonable prices. I'd be curious to see if you've run a DCF or similar analysis because 55x NTM revenue seems a little unreasonable. I feel like there's a lot of assumptions embedded in the current valuation, and if they don't execute to perfection over the next decade growing top line 50%+ and margins, returns will be non-existent. Similar to a PLTR where it's only a value of they can grow 30%+ CAGR for 10 years and expand margins. Interested to hear your thoughts, thanks.

[@JosephCarlsonAfterHours]

Morningstar has ran discounted cash flow analysis. They predicted 55% annualized revenue growth over the next 5 years. They think based on that the company is trading at fair value (their fair value estimate is $10 below current price). I’m not ignoring valuation. It’s a core part of my research. The professionals at Morningstar also think the company is trading at a reasonable valuation today.

[@uncharted900]

@@JosephCarlsonAfterHours that’s overvalued no doubt, but can still be a success, saying it’s not overvalued is totally crazy

[@xdman20005]

@@JosephCarlsonAfterHours What did "professionals" say about companies before the 2000 crash? What did they say about real estate in 2008? 100% irrelevant, listening to analysts is like asking the hair dresser if you need a hair cut. 100x sales is atrocious, this is a joke of an investment, and you should warn the gullible people on youtube about it, not promote it. In the next bear market, this holding will be crushed.

[@babyprince84uk]

@@JosephCarlsonAfterHours Hi Joseph. I’m so proud and happy to see that the audience in your channel are independent and critical thinkers. A good recipe for success. Well done 👍

[@antonystringfellow5152]

When evaluating high-growth companies, I prefer to focus on the gross profit growth rather than the revenue (revenue growth is no good if the company has to spend more than it makes in order to increase its revenue). On my stock spreadsheet, I have a column that shows the Price/Sales divided by growth percentage (a bit like a proxy for a PEG value). Based on this metric, NET is the most expensive at 1.3, followed by PLTR at 0.8, SNOW 0.45 and CRM 0.4. I don't have MSFT and ADBE on that sheet as they can be evaluated by the usual PE and PEG values but using this metric, SNOW really doesn't look all that expensive.

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@TheBakedDonkey]

It’s only a matter of time before Palantir’s added

[@JosephCarlsonAfterHours]

Palantir is not a hard pass, it’s on the watchlist. I still have a few concerns about the real TAM of Palantir.

[@FirstLast-pt6vu]

@@JosephCarlsonAfterHours should be noted that they have more security clearances than snowflake. watch some of Tom Nash and Jeremy from Financial Education's videos about it if you are looking to start doing some research.

[@ana-pi6ut]

@@JosephCarlsonAfterHours Thanks, I just asked you about Palantir. There is so much hype about it. It looks good but why is the stock priced so low compared to the other stocks and they have been in business for a long time.

[@shashankprabhu3188]

@@ana-pi6ut Because good software takes time to create

[@edwinlee2343]

@@ana-pi6ut it is priced "low because it has a lot of shares. It is still a 50 billion dollar company.

[@shashankprabhu3188]

If you are investing in Snowflake, you will eventually add PLTR. PLTR is a lot better priced at this point when looking at the financials. Take a look at Tom Nash and some of his videos on PLTR, you can see how fantastic a company it is. Is the valuation a bit high at this point, perhaps, but in the grand scheme of things, in 10-15 years, it’s a gem

[@Ardarail]

@@HermannTheGreat 40x sales, undervalued lol. Btw I'm long, but stock is richly valued using aggressive assumptions and would be half this multiple in a normal market environment.

[@xdman20005]

yikes dude, Tom Nash is a hype douchebag. PLTR is extremely overvalued, don't let dipshits on youtube make you believe in the rosiest of assumptions. Investing is looking at scenarios and picking the reasonable ones, and repeating this over a lifetime. PLTR is priced to perfection and the next bear market will crush such investments.

[@shashankprabhu3188]

@@xdman20005 lol. We shall see in 10 years. Even if it goes to $0, couldn’t care. I’m well diversified and the risk is definitely worth it

[@jurado1010]

Haven't watched it yet but this is quite the head scratcher considering you said no to Palantir in the past

[@JosephCarlsonAfterHours]

Palantir and snowflake are different companies. Palantir has just over 100 customers. Snowflake has 4,500 and gains hundreds new every quarter.

[@jurado1010]

@@JosephCarlsonAfterHours And yet they lose money? As a software company? I love your videos but this is a weird investment decision, I’m gonna watch the video on PLTR tomorrow to see if SNOW checks the boxes that the former didn’t check for you. I wish you the best obviously but I believe you’re overpaying for growth on this one. PS: it would be interesting to know if dilution on your SNOW/TSLA etc positions are factored into your investment decisions, Paul from Everything Money usually refers to it as the silent killer of investing and I think he’s spot on.

[@ericgreynolds8461]

@@jurado1010 I love Everything Money, changed the way I invest. Love the patreon and software

[@ΑνδρέαςΧριστόπουλος-σ9μ]

Great video as always! Keep up the good work! Greetings from Greece 🇬🇷

[@geyoda64]

I watched a lot of your videos and this is the first time wondering, if you'll ever show us how much you can bench^^

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@mateenrahman3372]

This is the most honest review, I have seen, I wish I could have seen this before, initially bought it for long term but sold it before today's earning after listening to value ' mob'. A value investor lives in past and growth looks to the future! Thanks for review !

[@ccinvest9932]

What a shift from high yield no growth portfolio to owning a SAAS company priced at 100x sales with no profits for the foreseeable future 😳

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@blubaylon]

This is his growth portfolio, there's a reason why he has two completely different portfolios, it's for two different styles of investing

[@mirageman2]

@@blubaylon Funny that he suddenly came up with his before hidden growth portfolio, or i simply didn't recognize it until a few weeks ago.

[@hemalitanna]

Thanks for such sharing detailed research!

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@redmatter]

What is the website or app that was shown at 17:00? The one where you were comparing revenues from various companies?

[@jurado1010]

Koyfin

[@JPSGShow]

love you and your videos Joseph but that what's that screen resolution at 16:58? you gotta pump that resolution up

[@jasonpizzino3486]

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[@fp3cr7]

24:30 Non-Gaap operating income = EBIT =/= free cash flow. Big diference

[@EranM]

bought SNOW few months ago for 195.. put 5K$ in it.. Seeing you buying it as well makes me wanna buy more

[@BenRook]

This pick is somewhat interesting...I bought a few shares to see where this will be in 10 years. Hopefully, it will be a good one.

[@donaldomere]

Good to see your videos back

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@SuperSaverPlaysSPG]

I maybe jinxing it by saying this but buy whatever Joseph Carlson is buying. It worked out every time for me for the last two months.

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@kaysergustav64]

Joseph you regularly comment on the rising risk of inflation - why isnt snowflake going to be affected?

[@FNDMA]

They just raise pricing on computation. EZ

[@Ardarail]

@@davidzfr not how it works. Overvalued growth stocks get crushed during inflation. Future profits are meaningless when future dollars are devalued. That's why value and high cashflow stocks outperform.

[@trentonhigh3059]

Feel like Nvda or AMD are safer choices with growth potential

[@nick6584]

Yes that rev chart looks nice as a pretty visual of bars getting higher but look at the axis figures!! $800m revenue (!!!!!) and $75billion market cap.......... The hyper growth you talk about has been priced in udner the assumption it will continue for about a decade. Go look at ad-tech TRMR for example of rare value in growth, dual listed last week

[@Stoneface_]

Is TRMR worth buying?

[@howardyu8019]

Just curious, for everyone who said Snowflake is too expensive, will you hold if your entry point is 8.88 supposing you are an early employee?

[@GrindThisGame]

Do you see this being gobbled up by Google, Microsoft or Salesforce? Could Google or Microsoft copy the features in 1-2 years with their army of developers like they did with MS Teams?

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@jojochip1]

great job, i think it will hit 450.

[@alexdawson868]

Hi Joseph? Would you open a position in Snowflake now?

[@hemalitanna]

How does it compare to MongoDB? Any thoughts?

[@user-vq7qr3cu1i]

••F•o•r• •m•o•r•e•• *G*U*I*D*A*N*C*E* W*H*A*T*S*A*P*P* **+*1**2**1**3**4**7**8**7**9**5**7**

[@sirjab88]

You've made a compelling argument! 💯🙌🏿💹

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@BrandonCPack1]

Why not Nvidia ?

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@nelsonwu1191]

Does anyone know what platform Joseph is using to check revenue growth and financials? (The ones with the bar graph?

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@BoonTee]

Thanks for sharing this. If the company 3X in 9 years, that ~13% returns, is this a decent return given the risk?

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@guitarrat18]

"This isn't car insurance ". lol. 😆 Made me spill my coffee.... love the info!

[@ericgreynolds8461]

Revenue is great, but what about their profitability

[@ana-pi6ut]

Thank you for your analysis. What do you think about Palantir and the hype?

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@hfhxshjc4045]

👍thank you whats your opinion about zscaler

[@hank5452]

Great video. The link in the description doesn't reflect the snowflake update. Is there a new link to the updated story fund?

[@JosephCarlsonAfterHours]

Should be updated now!

[@hank5452]

@@JosephCarlsonAfterHours thanks dude!

[@HPSafari]

Hi Joseph, how do you make money? Do you work in a company or are you an entrepreneur? Best regards HP Safari

[@JustAnotherHuman33]

This guy is one hell of a salesman. I bought $700 of snowflake ❄after watching this. Only after watching half of the video. But he keep selling it. Dude you already won. I'm in. (Gives even more good reasons why to buy)

[@user-vq7qr3cu1i]

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[@pezhman591]

JC's growth portfolio is a smart buy if we buy it at the bottom of the next crash (if it ever actually happens). If that every happens, I'm buying a lot of companies in his portfolio because Joseph has the story right on the companies hes investing in. Right now thought, I think it is way too risky, I feel like Snowflake could correct -50-90% if we have a sizable correction. I get buying companies based on their story but you have to take valuation and market conditions into considerations as well.

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@roggle3191]

I'm sure you are right about this Joseph. But I've watched the video 3 times and still don't really get what they do. Lynch says to just invest in what you know. I guess I dont know this.

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@brettgreen9247]

Top line growth has slowed a lot. I'm seeing YOY record 173% in 2020 , 105 % 2022, 69.41% 2023, 35.86% Jan 24.- Data from Seeking Alpha

[@joelb1662]

Why dont you own Alibaba? really cheap and it's growing at double digit!

[@vaibhavsingh9x]

If SNOW is worth 150 Billion by 2029, that's about a 100% return over the next 9 years (given today's market cap is 75 Billion). That's like 7-8% return YoY over the next decade. Isn't it better to just buy the market at that point? Even if one is bullish on the cloud, isn't it better just to buy WCLD or a similar ETF?

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@leakingfaucet]

I've been refreshing youtube the last 3 days waiting for your next video :D

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@lain11644]

Got 100 shares when it was around $190.

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@NickPeitsch]

I personally think PTON is a better buy! Revenue growth yoy of 140% at a price to sales below 10. I can’t touch snowflake as the valuation is just too high.

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@wajihbleik436]

Dude its okay to hold some cash for a potential dip. You don't have to buy a new holding every week, Its okay to build a war chest for a possible dip which I believe is likely in the coming 2 years. It does have to be a huge percentage of your portfolio possibly 10%. I understand the opportunity cost of keeping in cash but corrections happen and you want to be liquid to buy in high quality companies. I understand that you may have cash on hand from other sources, but can you instantly deposit that into your broker for in an event of a fire sale and will it be even enough cash to make significant purchases? Best, please let me know what you think.

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@SebastianInvestingandStuff]

Awesome, I'm really bullish on it, too

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@DS-ls2jm]

Good investment case, put in moderate amount imo, so let's just see where this will go. It is indeed expensive and will have to prove a lot..but do take your time until 2029....it can work out fine🤑👍

[@mathiasskovhansen3338]

Can other people copy their teknology?

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@kishoremaity2395]

Hey Joshep, Fantastic video as usual . Could you please make a video on Etsy vs Shopify vs Amazon?

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@Anymonous246]

what about right now? Snowflake's at essentially all time lows.

[@CODOJOWI]

He's changed his portfolio and philosophy since then

[@3str3lla18]

Been waiting for your upload lol

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@BrandonCPack1]

Please look at $Figs as well

[@CSARVA]

FIGS management and future looks Spicy!!!

[@BrandonCPack1]

@@CSARVA I should have bought in pre ipo, didn’t want to be in a lockup in case wall st didn’t care for the company. I was late to the game at 40$ but it’s an awesome company

[@CSARVA]

@@BrandonCPack1 Thinking they could be the next Lululemon makes me want to pull the trigger.

[@BrandonCPack1]

@@CSARVA 6B market cap vs 56B Nike scares me if they get in the scrub game though. I personally work at a hospital and it isn’t just the younger crowd that wears them. I’ve seen multiple doctors wearing the scrubs

[@ryanhennelly2122]

Idk if I agree with this analysis. Many indicators point to this company being very overvalued at the current valuation. A lot of growth is priced in

[@jakeartis955]

Think Avepoint needs to be added to this portfolio once they have had their IPO

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@ThePHATBASTURD]

why start a new position in this instead of just adding to current positions?

[@Sam_splatter]

Same reason you buy any stock; he believes it will go up.

[@ThePHATBASTURD]

@@Sam_splatter thats not what i said

[@prupp89]

@@ThePHATBASTURD my thoughts would be in order to further diversify your portfolio, so you're spreading your eggs over multiple baskets. It's not saying that other companies in the portfolio aren't "as good" as this one, he's just spreading out his risk.

[@SolarPlayer]

The goal is $10 billion revenue by 2029. Therefore the P/9YFIS ratio (price per 9-years-in-the-future-imaginary-sales), it's only like 7x I guess? For comparison, hyper-contraction stock BABA's P/9YFIS ratio is 10x if we (reasonably) assume they'll lose 90% of their revenue in the next 9 years , right? Looking at it that way, Snowflake does seem slightly undervalued

[@user-vq7qr3cu1i]

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[@SolarPlayer]

@@user-vq7qr3cu1i lol

[@cosmiccoffee8497]

"There is no cloud. There is only someone else's computer." - anyone who understands how computers work

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@kingkong8974]

@@jasonpizzino3486 I messaged you

[@edwinlee2343]

wait wait wait???? so there isn't data being stored in the clouds in the sky? it is somebodies else's computer? Can you explain what this means for me?

[@cosmiccoffee8497]

@@edwinlee2343 It's a saying that gets passed around cybersecurity circles. It's a joke since most people think of cloud computing as extremely secure and by definition it is less secure, because you have to trust who ever has access to the computers where your data is being stored, but it's here to stay and necessary for particular reasons. The safest way to store data digitally is to keep it on a machine that isn't connected to any network (the internet most of all) that a person has to manually interface with that you keep on site.

[@cosmiccoffee8497]

@@jasonpizzino3486 Scam, and that isn't even the right name. Just seriously lazy.

[@salva.portillo]

So the stock is valued at 70x FCF expected in 2029? Hard pass. Great company. Way overvalued. The risk-reward in this one isn't worth it. Considering its multiples, it could be a -90% stock in the next recession. Maybe then I'll buy. Great video by the way.

[@xdman20005]

-90% is conservative

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@Sam-ue4rv]

Okta is better buy.. Anyway in the short term findamentals dont matter Snowflake has got a nice name and is down.. Can easily go up 30%.. just sell it then.. easy money

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@FinancialShinanigan]

"This isn't car insurance" lol made me laugh for some reason.

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@filippxx]

I have only one objection against entering SNOW at this valuation: at some point this company like many other unicorns will hit a market crash within the next 5 years. Major crashes come after long bull markets, so Snow will shed prices like crazy when fear will strike the hedges.

[@GrindThisGame]

Exactly. Downside protection is small when paying such high multiples.

[@TheStork1981]

If Snowflake was making 1B $ in Free Cash Flow NOW, it would be valued NOW as high as PayPal... and PayPal is already expensive! How can you pay 70B for a company that will make 1B in 5 years? In my opinion, great company but very poor investment.

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@pawel-yt]

Why bother with SNOW when you can buy AMZN which is a cloud an ecommerce beast and fair valued?

[@CityLoch]

Ya, but what does the chart say my guy?

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@kenjohnson273]

Thanks for another great video, Joseph! I click on your videos the moment I see them. However, could you please share your Sharpe ratio relative to the S&P500?

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@TheRaunaq]

For me it’s important how a company treats their employees as well. Snowflake is know for being very Admin mess . And not good to it’s employees

[@edwinlee2343]

Better get some UPST in there.

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@allenanthonyjohn6480]

Would a similar company to Snowflake be MongoDB?

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@FNDMA]

No. Yes, MongoDB is another repository but is not cloud native. Diferent use case in fact. The database type is very different.

[@JY-lf9cq]

Snow good choice but PLTR is much better 😜

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@theoneofeight]

I'm holding the bag with SNOW at $297, please come get me ;)

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@Evelyn_officialvietnam]

$340 with 400 shares here man. So You are fine and no worries Bro.

[@theoneofeight]

@@Evelyn_officialvietnam Thanks man. Good luck to you and all shareholders.

[@ambrosechankc]

why is snowflake down 91.2%?

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@thomashelveg7563]

If u plan to hold it till 2054 it is ok

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@Grumpollion]

Wait... isn't that the plot of Westworld Season 3?

[@Noodles8ify]

Surprising Buy…

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@terrapininvestments5878]

I’m not sure how reasonable it is to invest based on the hunch that Snowflake will be trading at over 150x FCF 10 years from now. I don’t see any conceivable margin of safety there, in fact the downside seems absolutely tremendous even in optimistic scenarios.

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@prat-man]

That 91 percent loss made me LOL

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@tomalvaa]

I like the stock but it seems way too expensive..makes PTON seem like a steal at similar growth rates (ofc these will probably slow down as the pandemic ends)

[@JosephCarlsonAfterHours]

Yep - investors are certainly pricing peloton with lower expectations than snowflake. In all fairness, there’s really not many companies growing as fast as peloton at its current price.

[@xdman20005]

100x sales omegalul. Literally 0% yield, even with mega growth you have ZERO real business returns.

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@David.Marquez]

It's still insane to me that Snowflake is a Berkshire stock. We think we know how Buffett invests and then he throws curve balls like that.

[@MyDarkMuffin]

If the investment is below a billion then Buffet didn't probably actually choose the stock.

[@reece_harding]

Berkshire*

[@Ardarail]

Likely a Todd/Ted pick.

[@jasonpizzino3486]

Thanks for your feedback for more information, l can link you up to a boost sector **W,,H,,A,,T,,S,,A,,P,,P ** +1/7/7/2/2/4/2/5/7/9/2 ---

[@lexianguo8273]

What about competition? Do they have moat? Too expensive without moat. By 2029, there will be at least a dozen companies doing the same thing

[@user-vq7qr3cu1i]

••F•o•r• •m•o•r•e•• *G*U*I*D*A*N*C*E* W*H*A*T*S*A*P*P* **+*1**2**1**3**4**7**8**7**9**5**7**

[@Eric-kz9bk]

Palantir next?

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@ericgreynolds8461]

Great company but most definitely will be a better price entry

[@user-vq7qr3cu1i]

••F•o•r• •m•o•r•e•• *G*U*I*D*A*N*C*E* W*H*A*T*S*A*P*P* **+*1**2**1**3**4**7**8**7**9**5**7**

[@InfamousKicker]

Lol pltr is too expensive but snowflake is good. Wild

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@thenon-gaapbillionaire3306]

It's too far out for me. This company can 10x it's revenues and still be overvalued. A lot can change in 10 years.

[@jasonpizzino3486]

Thanks for the comment are you interested in getting more info and guidance for better crypto gain? .......Text...Me..... W/H/A/T/S/A/P/P/ +1/7/7/2/2/4/2/5/7/9/2....,,

[@emilycarter1839]

Venturing into the trading world without the help of a professional trader and expecting profit is like turning water into wine you would need a miracle, thats why i trade with Mrs sliver Alex, her skills set is exceptional.

[@shirabrown1755]

Wow...amazing to see other who trade with mrs silver alex,i am currently on my 5th trade with and my portfolio has grown tremendously.

[@williamstroy6786]

I invested with Mrs silver Alex too,she charges 20% commission on profits made after every, trading session which is fair compare to the effort she put in to make huge profits.

[@isabellabonnies8403]

This is not the first time i hearing of Mrs silver Alex and her exploit in the world of trading but i have no idea on how to reach her,i have lost so much money tradding on my own.

[@sergantkimkum7649]

As first time investor i started trading with Mrs silver Alex,with just one thousand bucks my portfolio is worth much more than now within just one week of trading with her.

[@emilycarter1839]

@@isabellabonnies8403 You have to be consistent in your approach trading forex is always difficult,but Mrs silver Alex just by applying her through her teIegram page made me trade independently.

[@babyprince84uk]

Hi Joseph. First of all thanks god that I found a video for you for this company. But, please allow me to disagree with you here. In my opinion, this is a long shot: 1 Billion cash flow. Let’s say also 1 billion in earnings in 2029. Even with P/E of 50. This will be the company’s market cap of today.

[@Dan-qr7ds]

My guess is his next add is $GENI.

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@Willyama]

Seems like an archetypical hype stock. Are you an expert in cloud computing? Are you relying on your circle of competence or on reddit posters? Can the company produce enough cash over the next 5 years to justify its evaluation? (f**k no) So don't buy it. Keep it on your list and wait for it to go on sale if you are so inclined. What would pobrai do?

[@user-vq7qr3cu1i]

/W/H/A/T/S/A/P/P/ ME/O/ R/T/E/L/E/G/R/A/M +l1/2/1/3/4/7/8/7/9/5/7 F/O/R/ M/O/R/E/G/U/I/D/A/N/C/E••

[@jjgalletta66]

Are you pitching Snowflake’s tech or stock?

[@user-vq7qr3cu1i]

••F•o•r• •m•o•r•e•• *G*U*I*D*A*N*C*E* W*H*A*T*S*A*P*P* **+*1**2**1**3**4**7**8**7**9**5**7**

[@damianmysciak3264]

Joseph is buying more and more expensive companies every video lol

[@user-vq7qr3cu1i]

D•M• O•N• W•H•A•T•S•A•P•P• •+1•2•1•3•4•7•8•7•9•5•7• Tell Andrew spooner I referred you

[@themusic6808]

I don’t care what company it is if you’re buying a 60 billion dollar IPO you have to realize 80% of its gains were made while it was private lol