Okay, so here's a few things about palantir. You absolutely need to understand kind of here's, the truth about palantir and i'll. Do it about three minutes now, i'm working on the full, deep dive, video into the results which will be released later today, it's taking a while. It's complex, but here are a few things for me: panettiere is a long term investment five to ten years and i've always been open about it.

The reason is, i think, right now, with talenteer we're pretty much where amazon was post the 2000 bubble, so we're in the launch pad of what panetta can be in the next 10 years. I don't expect it to take six months a year or even two years, at best, we're probably looking at five years realistically anywhere from five to ten, probably seven, eight years i don't mind and i don't care about the swings in price while it happens. So when you actually see me not giving a damn about the share price, it's not because i don't have any money in it. It's because, for me, the test is what happens in five to ten years.

I don't care what happens right now to the share price. What i do care about is i really absolutely love the results, but also things that bothered me about the way they were delivered. Now i will stipulate that the delivery was really not good. On volunteer side, i felt like they haven't, learned some important lessons that i've learned when i started to do presentations, which is basically do not read your entire slide, because people just don't stop listening to you and we'll just read off the slides when you're, showing the Slides show some highlights and then talk about it, give some extra data that is not on the slides.

However, all they did is basically read off. The slides sham again was very technical, very mechanical in this delivery. Alex carp went into this philosophical. You know i there's.

No other way to say it other than brand, and not a lot of added value was given as far as some actual things we need to know. What's going on between the breakdown in the commercial clients and the government, clients why the government side actually is slowing down a little bit in the growth only growing 16? Why do they expect only 5 growth quarter of a quarter for next water revenues? That's really interesting because they still guided for 30 for the entire year, so that would have been great. That's just a few examples. None of this was provided.

The questions were not addressed properly, so presentation-wise the earnings get enough. That's just god's honest truth. I mean we can't, you know laugh about it, however, and i want you to understand this, the quality of the presentation bears absolutely no impact on the quality of the company, the product and the potential growth. I mean they're, not good salesmen and they've been open about it, they're just not good salesmen, in fact they're awful salesmen, and that's why the pitch looked like it did now.

I think - and i'm also i would say, almost positive - that this must be trickling down to the way they sell the product of the service. So if that's the attitude this arrogant and a little bit there's a lot of hubers there there's a lot of arrogance they're. Basically saying oh we're the best we're the best. We don't need to run like a software company right, i'm sure a lot of that is trickling down into the way they sell this to clients, which i'm sure is hurting their sales and hurting their growth, but even with that which i'm sure is a handicap.

They're still growing u.s commercial business by 136 percent year over year in quarter, one which was really impressive. Now look we're talking about a company that is growing 30 a year and they're guiding for 30 a year for the next three years, even though they have a little slowdown next quarter, but still the annual growth guidance is 30, so 30 every single year until 2025. We're talking about a company that's sitting on 2.2 billion dollars of cash, no debt, their cash flow positive. I believe this quarter.

They did about 50 million at 50 million in cash, so cash flow positive, no debt, lots of cash. They have three and a half times more assets than liabilities and they're really on the brink of gaap profitability gap. Profitability basically means general accounting just generally accept accounting principles. Probability, that's where the stock-based compensation is basically turning this company into non-profitable for gap purposes, so they're almost on the break, the stock miscompensation.

That's basically making this company not profitable for accounting purposes is slowing down significantly. They went from 257 million in the uh year-over-year quarter. One of last year to 157 million this time, and that includes also the taxes they pay of the stock based components that are giving out so basically reducing stock waste compensation year over year by almost 30 percent, and you will see this happen more and more. The big spike in the stock based comp, you saw happened because of two reasons.

Reason number one is that alex and the rest of the c-level executives had a new package of options or rsus whatever. It is actually start for the next 10 years, so they just got a new grant. That's going to run for the next 10 years that spiked it a little bit and also caused a lot of selling because of exercise of the previous plan that was granted 10 years ago. The other part is that talenteer literally just set up a whole new sales and business development kind of a salesforce department that did not exist up until i think 2021, so they hired a whole new department, which meant a lot new employees, which meant a lot stock.

Based comp, i mean you cannot hire in software business, especially in an enterprise software, without giving rsus and options. There is no place like a top-tier place that hires that does not give stock-based compensation. That's kind of you know normal, so that spike already passed since the uh, the department exists and the sales department actually is in place. That's why you're seeing this reduction and this reduction will continue, because the only time you will see stock based comp is when new employees join so you'll see a little bit of it, but since they already did the mass majority of the sales apartment growth, that's not Gon na be there in the quarter, two quarter three quarter four, so my prediction is, by the end of this year: they're going to be gap profitable, because if you neutralize and i've been getting out about this, if you neutralize the 157 million that was allocated to Their expenses for stock based compensation, which is not a cash flow item.

If you neutralize this, they had 57 million of operational profit. I believe, or something like that, but in any case they're operationally profitable without stock based comp. So the only thing that needs to change for that is for stock based comp to actually get almost to zero, which it will, i believe, by the end of this year, but even then i wouldn't expect them to hit where i think they are headed by them. This year, and then the next year, they have a lot of problems.

Let's be honest about it, volunteer, at least on the commercial side, is kind of a startup, and they have a lot of the diseases that startups have. Essentially, they don't know how to sell their software, they don't have the relationship in those big companies like microsoft, does, for example, they obviously have an attitude problem with the whole we're the best or we're different. They need to be more humble. I mean they're learning and it's going to take a while for them to figure it out, but here's the thing much like in basketball.

If you give me somebody who's, six foot, nine jumps, 44 vert runs 44.2 and and has decent skills. I can teach him how to shoot better and how to pass better. I cannot teach these fundamentals and that's the main thing that the software itself, that palette has is that guy six foot, nine 44 vert 4.240 can't teach that nobody has that nobody comes close. Nobody will come close and improving strategy with absolutely they have to do they're, not good.

It's something that needs to happen will happen, and it's going to take years once it happens, they're going to basically dominate - and at this point i believe that this would be the next kind of tesla amazon. Whatever analogy you want to use, but maybe it won't, maybe it will. Nobody really knows, except jim kramer, we'll see, but i think this shake-up showed you who's really long-term and who's pretending to be long-term, because, if you're not long-term, if you're pretending to be long-term, this is bothering you. If you have options, this is bothering you.

If you are speculating, this is bothering you, but if you're equity-based investing no options and you're just there for the next five years, you honestly really don't care if anything you're happy to buy at 750.. It's just my truth about it. The full deep dive video is coming later today. You know for this.

Thank you for staying with me for the you know, for these 10 minutes, nine minutes actually see you soon.