We sent out the ROKU notes below on September 27th but are providing a few UPDATES here:
- "Splitting the difference" turned out to be about right - it suggested $20/share and that's where ROKU settled the first day of trading. Since then it's moved up a bit more to $23. There are some reasons to be cautious.
- An author we follow on Seeking Alpha wrote an intriguing post about "The Postage Scale Problem" which probes whether some of . . .