Submitted by 1Darkhaos t3_10y2vf9 in wallstreetbets
Hey guys
Been awhile since I posted a thread but I personally feel this is too good to give up. I know the talk of the town is AI, and Palantir being literally one of the top AI companies is not getting any love. For that reason I believe this is one of the best trades right now. I will keep this short for those who can't read longer than two minutes.
Pros:
- Named top AI company in 2022 by IDC!!
- While everyone is cutting staff, they are expanding and hiring
- Continues to win serious government contracts, such as 229million dollar contract with special forces, 96million over 5 years with Department of Homeland Security
- In bid for NHS contract in europe for 480million dollars along with other AI companies like C3.Ai, currently the NHS is running palantir software
- Increase in commercial clients which is vital for the companies success, just partnered with Microsoft Azure, Hertz, extension of 50m with SOMPO
- much much more
Cons:
- Lots of government contracts which are seen as relatively risky as they can lose them anytime
- Diluted shareholders over the past year but that has since slowed down, 2022 lost them a lot of money from SPACs investment, they had a -300m write down from investment but those are behind us!!
- very controversial CEO Daddy Karp
Everything is lining up for this company in the right trajectory, earnings are coming up next Monday and options are extremely cheap as well. All time low is 6 bucks, that's only 26.8% from today's share price, but it definitely has the potential to double up if not more. No one knows where this is going but risk reward is just too good to give up in my opinion.
Position is 59974 shares at 8.36 Options: 142 x 16JUN23 $11C, 49 x 19MAY23 $12C
Good luck! Hope this help somebody!
Edit: wow this thread exploded. So many haters, just tryna help where i can. Even if you don't believe the turnaround story which is a fact, you have to take into account the risk vs reward. Losing 30% of your investment vs doubling your money is a no brainer to anyone. Their tech is definitely one of the best without a doubt or government and Microsoft won't be using them. Comparing to Chatgpt is comparing apples to oranges. IMO if you are bag holding, why not lower your average cost and see? Good luck.