Kolek planning to go pro
Very interesting. In B2B SaaS our average cost per sales rep has increased 2x-3x. Those tend to be high-ish turnover roles and labor knows they're in high demand. It's driving our CAC through the roof. Even though net retention is high, growth-stage companies need to acquire new customers like crazy to keep pace. It sounds like your biz/industry is established enough that it's more about growing accounts, not losing accounts, and maybe poaching a few from your frenemies?
Only adjacent to your question because I was in on COIN early, but don't actually trade crypto itself. But I'm trying to time the bottom and double down here pretty shortly. To Hards' point, this is just the volatility of crypto, so for me the real bet is "is crypto here to stay?" I think the answer is yes, even though I think it will only play a secondary/cyclical role to other currencies and investments. But even that, combined with what I think is Coinbase's still relatively strong position compared to other exchanges, is good enough for me to get in at this low.
I really want to buy some more COIN this low. This level is absurd, honestly. Do I have the nards to pull the trigger. Ugh. Ask me in an hour.
Get in line, guys. Cathie Wood just bought 546,000 shares, and she's so rarely been wrong the last year and a half!https://seekingalpha.com/news/3837819-cathie-wood-loads-up-on-the-collapsing-coinbase-grabbing-more-than-500k-shares
I bought so of course it went down.
Can you buy some gas too, aina?
From Seeking Alpha:Only 31% of investors at JPMorgan's (NYSE:JPM) annual shareholder meeting voted in favor of a $52.6M stock option award that was part of CEO Jamie Dimon's 2021 compensation package. It was the first time the bank's board lost such a vote since it was introduced in 2009, and was significantly lower than the previous weakest level of investor support, which came in at 61.4% in 2015. While the shareholder vote is non-binding, the bank's board said it would take the feedback "seriously" and intended for the bonus to be a one-time event."The special award was extremely rare - the first in more than a decade for Mr. Dimon - and it reflected exemplary leadership and additional incentive for a successful leadership transition," said JPMorgan spokesman Joe Evangelisti. He also noted that the package was designed to keep Dimon at the helm for another five years by pegging the award to the bank's share price appreciation. Dimon would only be awarded if JPMorgan's stock rose above $148.73 in the coming years (it's currently trading at $122.18, but hit a high of $172.96 back in November).
I would have called BS on this compensation too. A $52.6M award to get the stock price up 20% in 5 years, to a level still 10% below a recent high. Even the weakest minded of the scoop intelligentsia could accomplish that task.
Are we close to bottoming? Sheesh.
Not remotely
Alright. Give me a heads up when I should unload my piggy bank to begin the process of getting MU prime-time/tier 1 recruits.
Under Armour CEO Patrik Frisk will step down while remaining with the company. A few years ago, he replaced company founder Kevin Plank, who remained chairman.UA has underperformed for years. After initial hype and promise as a supposed threat to Nike's crown, its revenue has fallen further behind Nike and Adidas -- not to mention even Asics and Puma.As for the stock, since hitting its all-time high in mid-2019, it's down 64%.Don't worry about Frisk and Plank, though. Frisk made $15M last year, Plank $6M. They'll manage to get by.
They make garbage. The only thing they make that’s any good are cold gear and waterproofs. The rest is inferior to Nike or Adidas
And teens and preteens don't like their brand.
The HS where I coached switched from Nike to UA during my time there. My first year, I got some excellent Nike gear. The UA gear I received in my second year was decidedly inferior -- though I did like one pair of shoes and one pair of socks I got.Don't get me wrong ... I was happy to get any goods at all, as I basically was paid what today's rubles are worth. Just saying the UA gear simply wasn't as high a quality as the Nike gear.UA had a lot of promise. They were the hot brand for a minute, especially after they signed Curry. But that was pretty short-lived.Glad MU's gone with Jordan Brand.