6/6/24 - $iot - like co. but stock just too expensive into print

6/6/24 - vrockstar - IOT - > 15x sales for 30% growth is simply too much in this tape, need closer to 12x which is substantially lower. look fam, these guys are perpetual beat/ raise types. so there won't be as much a surprise if this happens. it's the $crwd/NET of the IOT space (he11 they even own the ticker lol). so we need to own this in the MT/LT context and in whatever pullback (if/when/everrr??) we get from macro. i remain pretty cash heavy into friday/ next week b/c i have a few macro views that keep me more cautious awaiting fat pitches. i remain that YOU remains the fattest pitch out there from a single name perspective. still like NICE but it's in the penalty box from the a. recent MSFT announcement going into their turf (tho i see that as validation and timing was probably bc they have an analyst day next week) as well as b. rough chart.

back to IOT. i'm a fam. i like it all over. but the price is not right. so i'm watching/ waiting. if i miss it i miss it. but i can't afford to buy this and eat what i believe is much more downside risk at this pt in time than upside risk esp when comparing vs. other names i like w/ similar growth and cash gen potential.