BASED ON WHAT’S HAPPENED OR IN THE WEAKS TO COME. DORY, GOOD TO HAVE YOU ON. THANKS FOR YOUR TIME. >>> LET’S GET THE TRADES ON SOME OF THE BIG TECH EARNINGS WE WERE DISCUSSING. DAVID, I’M EAGER TO HEAR YOUR TAKE.
THE STOCK IS UP 4% IN A DIFFICULT TAKE. SO WHAT’S YOUR TRADE ON IT NOW. >> YOU KNOW, WE THINK IT’S A HOLD. META IS A SUPER PROFITABLE COMPANY. WE’RE IMPRESSED WITH HOW MARK ZUCKERBERG HAS LED THE METAVERSE THING.
THEY GENERATED $60 BILLION IN FREE CASH FLOW IN THE LAST FEW YEARS, BUT THE VALUATION IS RICH. WE THINK MOST OF THE GOOD NEWS IS PRICED IN, SO WE’RE NOT
