Forge Global's Undervalued Play and Sudden Buyout
"Next up is Forge Global Holdings with a ticker FRG. This one gets a lot of requests frequently because it's a very unique play. Forge had a PEG ratio of a 0.08, meaning that it was extremely undervalued because a PEG of one tends to be the baseline. And it was the stock that I referenced in the intro where analysts had projected it to be up over 77% in the next 12 months. It happened to hit and exceed that in a single day. For those of you that owned Forge prior to this video, congratulations to you."
The speaker reviews Forge Global as a unique play in the private shares marketplace. Highlighting its extremely attractive valuation and the recent buyout announcement by Schwab, he underscores that early investors benefited significantly, though the timing rendered it a hindsight call for new buyers.
Denny's Stock Jumps on Go-Private Announcement
"I have to now that I've talked about iHeart Media, I have to talk about Denny's as well. Not just I mean naturally Denny's podcast. I mean I'm a Waffle House kind of girl, but Denny's is getting the credit this morning. Sharers are higher by 49% because apparently it's going private for $620 million to get the folks who are really excited about Denny's who got really excited about Denny's."
Denny's shares have surged 49% on news of a go-private transaction valued at $620 million, indicating strong investor enthusiasm and potential immediate market impact.
Positive Revenue Growth and Upgraded Outlook for Coinbase
"We have to talk about Coinbase. So, the stock is higher by around 6%. The company reported revenue that exceeded estimates and of course this was helped by crypto which really just rose to record highs. Bitcoin is now around 110 though so it paired back some of those record gains from 125,000 but still it's six digits. So cryp Coinbase is the largest US crypto exchange. It reported revenue that increased by 55%. Net income also rose fivefold. Trading volume also increased."
The speaker highlights Coinbase's strong quarterly performance with revenue exceeding estimates, significant growth in net income, and increased trading volume, underscoring a positive outlook amid a record year for digital assets.
Long-Term Buy Opportunity at Coinbase on Dip
"Then you've got Coinbase. Okay, this is a bet on crypto. Yes, it's overvalued. But guess where the biggest inflows in ETFs were over the last 6 months? It's crypto ETFs. It's IBIT. It's ETHA. And so it's a very simple, hey, the 4hour algorithm makes me about as much as buy and hold. It got me out here. I don't want to get out here. I think the base is putting in right around 300. So if it dips down to 280, I'm buying more. A long-term buy and hold."
The speaker outlines Coinbase as a long-term buying opportunity despite acknowledging its overvaluation, citing strong ETF inflows and a support level around 280 as an attractive entry point for accumulation.