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Stock impact report

After Dropping 80%, Fermi Is Still Not Worth It [Seeking Alpha]

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
Company Research Source: Seeking Alpha
Asset value is estimated at $1.1B, well below the current $3B market cap, with no revenue and the initial major tenant backing out. CEO and CFO departures further diminish Fermi's intangible value, compounding execution risk and undermining the company's core vision. Despite high data center demand, Fermi faces steep competition from established REITs and utilities, making its bull case unlikely and the stock unattractive. Looking for a helping hand in the market? Members of Portfolio Income Solutions get exclusive ideas and guidance to navigate any climate. Learn More » Erik Isakson/DigitalVision via Getty Images As value investors, we are always willing to take a look at companies getting beaten up by the market. After surging to $27 shortly after its IPO, we believed Fermi was substantially overvalued. Specifically, we noted that the actual cash raised over Fermi's lifetime was a mere fraction of the market cap Fermi swiftly sold off. It dropped another leg lower as Show less Read more
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