While I’ve seen a plenty of silly reports from big bank analysts, they usually have the advantage of not coming across like complete idiots when saying things like this
> We assign a preliminary A+ rating to the notes, one notch below Meta’s issuer credit rating,
It’s hard to get away with that when the report is attributed to a company and person which don’t seem to exist, hosted on some randos substack. Wording like that works way better when it comes from a sender with an address ending with @bigbank.com
Of course, the latter parts of the post (Disclaimer and Limitation of Liability) do reveal pretty definitively that this is obviously not intended to be a serious report.
As for the content itself? The author tries really hard to turn a whole lot of nothing into something, and horribly misinterprets the GAAP in the process.
While I’ve seen a plenty of silly reports from big bank analysts, they usually have the advantage of not coming across like complete idiots when saying things like this
> We assign a preliminary A+ rating to the notes, one notch below Meta’s issuer credit rating,
It’s hard to get away with that when the report is attributed to a company and person which don’t seem to exist, hosted on some randos substack. Wording like that works way better when it comes from a sender with an address ending with @bigbank.com
Of course, the latter parts of the post (Disclaimer and Limitation of Liability) do reveal pretty definitively that this is obviously not intended to be a serious report.
As for the content itself? The author tries really hard to turn a whole lot of nothing into something, and horribly misinterprets the GAAP in the process.
Well, I guess it’s my turn to look stupid. The author actually has some pretty serious credentials https://stohl.substack.com/p/credentials-such-as-they-are
Hard disagree. I read a lot of well-written financial analyses and this isn’t it at all.
The target audience is people who want to be angry at Meta and think that they’re smarter than finance people.