Hey this is tom nash, and last time i did this car video, you all complained. I was driving how unsafe that was. I completely agree valid criticism, so this time i actually pulled over so check this out. I'm sure a lot of you are wondering at this point: why is this guy still so balls deep into planeteer, with the share price? Being literally in the toilet? I mean if you look peak to trough forty dollars at the height of the pandemic, all the way to eight dollars now and it went all the way to seven below seven.

So is this hubris pride ego, lack of ability to admit defeat? I mean what's driving me to be so bullish about the stock. Now i'm not going to sit here and pretend that this is the perfect stock that alex karp is the perfect ceo, because neither of these would be true. Alex carp has a lot of issues with communication skills and how he presents data. But i think he's a great ceo, i think he's perfect, but he's definitely been delivering.

And i know that, because i'm insanely entrenched into the finances of the company and how it operates and the amount of success alex carp had. On the other hand, i mean there's also issues with the company. Some of them are justified. Some of them are not justified.

I think they have a lot of competition in enterprise software, which does not get mentioned enough. That's justified. On the other hand, people talking about dilution, which is a complete false fud. The company had 1.7 billion shares when the dpo when it went public, so the actual dilution, since the company went public all the way.

Now it's from 1.7 billion shares to 2 billion shares and change. So a lot of it is nonsense, and you just saw today, microsoft announced they're issuing a lot of sbc stock based comp to retain employees. That's pretty standard, but i'm not here to rant about why volunteer is good or bad. All i'm saying it's not a perfect company, it has a lot of flaws.

It's not a perfect management. They have a lot of flaws. However. However, i think that this is one of the most intriguing companies right now in the market.

Now, the reason why i'm so bullish isn't none of the things it's just listed, it's the psychological analysis that you have to do with yourself. So when you invest in companies, especially especially in times of bear markets and in time of trouble, you have to be insanely familiar with every nut ball and screw of the company you're. Investing in you have to know the financials. You have to know the balance sheet.

The cash flow you have to know the management, the business model, every little detail and trust me. If you ask me anything about volunteer, i can quote you: what's the average spend on the top 20 clients, which is 45 million, and heart went up from 35 million to 45 million year over year in q1, which is a 24 increase. I can talk about how much they spend on employee stock options in this quarter, which is 150 million plus tax, which is another seven. So i can tell you how much it was the quarter one of previous year, which was 200 plus 57, so it was 257.

So i can quote a lot of data because i'm so deep into this company. I know everything there is to know about this company. I know their growth, i know their struggles. I know where they're you know the sales force issues they have with the brand new sales force competing in one of the most insanely competitive markets, which is enterprise software competing against the snowflakes.

The microsoft is hard, so i know the ups and downs. I know it's like being married for so long. You know all the flaws and the good things in the bad parts. So you know everything.

So, if you get to this point, where you that familiar with the company, that's in your portfolio, there is absolutely no fear when the share price drops. Trust me when i say this: i'm not bullshitting you. I've never felt even i joke about it. On twitter, we make all these jokes.

Like i met nine, some other volunteer people. I have zero fear when the stock price drops. I mean i don't care in fact, i'm at this point in my life, where i'm so familiar with the stock and i'm seeing at the company get better and better and better quarter of the quarter net retention: 124, a commercial actually taking over slowly becoming now. Half of the revenue, so i'm seeing all these processes going on with the company.

So when i see the ship price drop to six seven dollars whatever it is eight dollars for me, the experience isn't fear it's more like imagine like you were a kid and you walk into your favorite gamestop. Then you know, gamestop was a thing then right and then you walk into a gamestop shout out to the gamestop community and all of your favorite video games. Everything is on massive sales. 60, 70 off you're gon na be like.

Oh, my god, everything i love is just so much cheaper and you're gon na try to figure out. Okay, i have just so much money. I have to figure out. Where do i want to put it because everything is on sale? You get excited, there's there's a rush, there's no fear.

So that's the reason i'm so bullish about it. I see the company and i see the company like look what what's the fear with the share price actually dropping. The fear is that the company will go bankrupt. It's going to lose coverage because it goes below.

I don't know five dollars, etcetera, it's going to go into oblivion. Now that can happen if the company is actually losing share price because the company is underperforming. That's not the case with volunteer volunteers growing thirty percent year over year, it's guiding for another thirty percent, all the way to 2025.. Their margins are decent they're free cash flow positive.

Last year they did 424 million of cash flow from operations on the 1.5 billion dollar revenue, so they have no debt. Their asset solubility is a three to one, so they're not going bankrupt. In fact, their cash flow is getting better and better margins getting better their cash flow. Positive, no debt, their their clients, are spending.

On average, the top 20 clients are spending 45 dollars per year. Net dollar retention is growing 124, so the company isn't going bankrupt. In fact, it's getting better every quarter, so the share price dropping, isn't jeopardizing the company in any way shape or form, so there's absolutely no risk there. For me, as far as like the share price dropping, oh my god, the company might get delisted.

I mean look. It's not it's, not it's not hard to stay bullish on the stock when you absolutely know the company now, if you know the company - and you know it's that's a whole different enchilada or if you don't know the company, you have a lot of hope. You minute. That's a whole different ballgame as well, but if you know the company and it's solid, the dimension is great, so this whole share drop is pretty much meaningless.

So if you just want a glimpse into, why i'm so bullish, that's why now a shout out to our channel members and patrons for supporting me, we had an amazing zoom call. Yesterday we talked about zim, which birthed a video this morning, which i feel was well deserved. Thank you for gabe, my community for giving me that lead about zim and the rest of the community for a very interesting zoom call. If you want to join a community and participate in their zoom calls and brainstorm with us, it's five dollars per month.

The link is gon na, be below, hopefully for the patreon community and i'll see you there.