Source item

@MelvinInvests There’s just one little problem with this super-bullish Goldman model for $NBIS: Note the $20B difference between EBITDA and EBIT in 2030. That implies a capital base of $120-150B. $9B in EBIT will not cover their WACC in 2030…with 76% EBITDA margins. See the problem? https://t.co/tzSAhHnFt5