RE:RE:RE:getting close to $10.00Hich1205 wrote: Nice post. I am a shareholder of Bird since 2021 and very please with the way the management is conducting Business and how shareholders are treated. However, there's some big differences with DRX : BDT is much larger and diversified, and has a profesional management, DRX is much smaller, with around 400M in backlog vs 3.5G++ for BDT and DRX management .... you know what I mean, more a country club with low consideration for shareholders and with strong heist practices. On the other hands, it's true that DRX is much more profitable, probably due to the robotization, unfortunately, investors tend to give no value to a wealth created by and controlled by a heist club. Let's imagine that DRX implement a governance process up to the standards, give up on the heist cuture and just add some kind of diversification to the Business, the stock price will skyrock
You need to consider as well that BDT does around $800M in revenue per quarter, and their margins are a fraction of DRX's. On $800M in revenue BDT has only been making around $20M in net income per quarter. So even with a $3.5B backlog, that will likely convert to a similar amout of net income as DRX will have with its $400M backlog (probably a bit more, but not much going off historical data and estimates of future earnings). BDT's net income has been around 2.5% of revenue recently, where DRX's net income YTD as a percentage of revenue is over 17%.
Also, we keep hearing that the company is a heist club and has poor governane because of the share buy back, and that you're selling as soon as you break even... But then why didn't you sell a long time ago? The share buy back is old news from 4 months ago, you could have sold at $19, $18, $17, etc. Why keep holding until now if thats your main gripe with DRX?