Coupang

[vanzandt]

$CPNG

The wire services are reporting a $0.68 loss per share on a $0.16 loss estimated.

The stock is tanking.

Guess what, that's not a correct number.
If you look at the 8K they are using 434.9M shares in that calculation.
There are actually 1.77B shares outstanding.
Divide the loss of $295.033M by 1.77B and you get the $0.16 estimated.

http://archive.fast-edgar.com/20210512/ANB2K22CZ22292Z2222M22ZAB2KGA422A232/

They're playing a game after hours. This thing is going up.
I could be wrong, but I think the wire services are wrong.
If I'm right, $34.50 right now is a great buy.

 

[vanzandt]

Seeking Alpha:

Coupang EPS misses by $0.52, beats on revenue
May 12, 2021 4:14 PM ETCoupang, Inc. (CPNG)By: Pranav Ghumatkar, SA News Editor3 Comments

• Coupang (NYSE:CPNG): Q1 GAAP EPS of -$0.68 misses by $0.52.
• Revenue of $4.21B (+74.7% Y/Y) beats by $20M.
• Total Active Customers grew 21% year over year to 16 million and total net revenues per Active Customer was up 44% to $262 in the first quarter.
• Gross profit was $733 million in the first quarter, a 70% increase from last year.
• Total net revenues increased 63% on a constant currency basis.

 

[vanzandt]

And note, CNBC hasn't said boo yet.
They were supposed to cover it when it came out an hour ago.
Into 4PM they were saying "And after the bell we have Coupang's first earnings report and we'll be there to cover it."

Well its been out an hour.

My bet is their behind the scenes team is trying verify what's going on for fear of getting it wrong.

 

[vanzandt]

 

[vanzandt]

 

[Vtechno]

whoa, someone actually reads those things? and does their own calculations!?!

 

[heispark]

As far as I know this Korean company is sitting on tons of debt and it won't be improved in the foreseeable future as they are swimming in a red ocean.......

 

[vanzandt]

As far as I know this Korean company is sitting on tons of debt and it won't be improved in the foreseeable future as they are swimming in a red ocean.......

Meager a gander at US Steel's balance sheet.

Its all about free cash-flow.
They have plenty.
Coupang that is.

 

[maxinger]

my goodness!
it has not seen daylight since 7 Mar 21.
and it is approaching zero.

 

[stonedinvestor]

$CPNG

The wire services are reporting a $0.68 loss per share on a $0.16 loss estimated.

The stock is tanking.

Guess what, that's not a correct number.
If you look at the 8K they are using 434.9M shares in that calculation.
There are actually 1.77B shares outstanding.
Divide the loss of $295.033M by 1.77B and you get the $0.16 estimated.

http://archive.fast-edgar.com/20210512/ANB2K22CZ22292Z2222M22ZAB2KGA422A232/

They're playing a game after hours. This thing is going up.
I could be wrong, but I think the wire services are wrong.
If I'm right, $34.50 right now is a great buy.

YOu nailed the price Van... Now you have to buy it!!!