$SoundHound AI (SOUN.US)$ one of the greatest technical trad...
$SoundHound AI(SOUN.US$ one of the greatest technical traders today which is carnivore trading owned by Dutch Masters he was just on Fox Business and kind of a debate him versus another guy who was pushing diversified investing and buy gold and all this happy horse shit anyways and Dutch let off by saying yeah you know normally we buy big companies but going into earnings we put a trade we did really well on SoundHound. if you don't know who carnivore trading is look them up they're up 250% year-to-date with their trades.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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bobokiller : Is it a good company, will the investment not lose money?
10baggerbammOP bobokiller: it's kind of a silly question. is it a good company my response would be compared to what? as far as your second half will it not lose money all the company has ever done is lose money they've never turned a profit will you the shareholder lose money that depends on your time horizon because the stock market is volatile and stocks go up and down. so what is your time horizon that's the first question if you bought it for an investment that lasts a lunch time you're going to lose money in it as you would with most stocks that trade but if the management execute their business plan and the company becomes profitable then the stock will trade consistently higher.. there's material problems with SoundHound and that is on the timeliness of fulfillment in the drive-thrus. they take a long time from when a contract is signed until it's installed and that needs to be remedied.. they have a 600 plus million dollar backlog that's great but they're going to lose a lot of that 600 million dollars because businesses are not going to wait 2 years 3 years for them to get around to installing their AI large language model true voice order entry system.
10baggerbammOP : pt 2 of response
if you listen to the conference call the analyst at landenberg thelman also picked up on this because this was a problem last quarter where the company disclosed that they lost business where people left their pipeline if you will do do time constraints meaning they didn't want to wait any longer to have the installation done and they were going elsewhere. if I were in upper management this would be job one for me to figure out what is needed in order to expedite the installation so that you can start driving revenues quicker. if SoundHound is able to address this then they're measly 11 million revenue per quarter we'll go up dramatically because people let's be realistic 11 million stinks.. 70% revenue growth stinks why because this company has been around for over 15 years and that's all their generating at this point that's lousy. that's my
02.
bobokiller 10baggerbammOP: Didn't I say it was a bad company before