Jams first - what does America mean to you?
This is where I’m currently at:
and
I love America and I am proud to be American. My story rhymes with so many other’s: grandparents who immigrated for a better life and America gave them the opportunity to do so.
But the last few weeks have been sad:
Our country is divided. And it hurts. But because this is July 4th, I put a list together of things all Americans can support in improving:
Lowering Drug Prices: Public Opinion Is Unified on Lowering Drug Prices. Why Are Leaders Settling for Less?
Fuck the Astros: Houston Astros sign stealing scandal
Legalizing Marijuana: Americans overwhelmingly say marijuana should be legal for recreational or medical use
That Sandlot is a national treasure
Providing mandatory Paid-Leave for Mother’s and Fathers: Among 41 countries, only U.S. lacks paid parental leave
A few things that I wish were on that list:
A national focus on renewal energy and fighting climate change
Universal healthcare for all Americans
More investment in STEM
Paying our teachers more and nationwide access to labor unions for employees who want it
Enjoy the 4th and eat some pie.
The Rookie Lineup
No market stuff today. But I put together a Rookie Spreadsheet that complies the last two quarters of key metrics for each of The Rookie Lineup companies. This creates a ‘single-pane of glass’ that allows me to view changes on key metrics overtime, and how the company is executing quarter over quarter.
A few items that jumped out at me:
COIN 0.00%↑ trades in lockstep with the rest of crypto and it has been hammered. It NEEDS to diversify it’s revenue streams away from transaction fees if it wants to survive the crypto-winter.
How expensive SHOP 0.00%↑ was and still is. Shopify -81% off all-time highs and still boasts an EV/S = 9.5X. Shopify is a fantastic business, but they need stabilize their FCF and start generating Net Income
DDOG 0.00%↑ and TEAM 0.00%↑ are the cream of the crop in B2B SaaS right now. Even in this tough economic backdrop, they continue to have strong revenue growth, positive FCF, and maintain +70% gross margins.