Mike Yi

Chinese living in Australia. A dad trying to create a better financial future for his daugher.

[Mike Yi @InvestForAnna]

@HenryInvests #UPTI end of an era
Won’t be a meaningful indicator in the future

[Mike Yi @InvestForAnna]

@HenryInvests I wonder what that means 🤔

[Mike Yi @InvestForAnna]

@realroseceline Not in great detail
I remembered you said $sofi is hard to understand since it’s a bank
I assume you have a similar view for $upst?

[Mike Yi @InvestForAnna]

@realroseceline Any particular reason why?

[Mike Yi @InvestForAnna]

@HenryInvests You might need to update your earnings estimates 🤣

[Mike Yi @InvestForAnna]

I don't really understand why some people taking shots at @davegirouard for not buying $upst on the market every chance they get.

Dave has communicated that his trading window has closed and due to short-swing profit rule, he has to pay back multiple million dollars if he did buy. No one would do that especially he already owns 10% of the business.

The upcoming CEO Paul Gu has bought 100,000 shares on market at $39, the company has purchased $100 million worth of shares on market @$31.3

The management has no control of the stock price. But they are trying their best to run the business. The execution has been brilliant since Q4.

Focus on the business, not the stock.

[Mike Yi @InvestForAnna]

What do you guys think that $Upst becoming a bank?

I was shocked when I saw the news, as they said numerous time they didn't want to become a bank. Stabilty in funding and less regulatory friction etc. I get it

However, it's not the capital light AI lending company I invested in anymore , it's losing its unique proposition. I would have not invested in a bank with a better underwriting model.

I would like to hear more from the management why they've made the decision. What's changed?

Now how would the market view $upst in the future?

More importantly, for us investors, how would the company be valued going forward?

[Mike Yi @InvestForAnna]

@Gubloinvestor Is there like a capital gain tax discount ? In Australia you get 50% of the cgt if you hold more than a year

[Mike Yi @InvestForAnna]

From my understanding of $upst model is that they use all the variables to make a decision at the end
Yes or no and APR based on the data

The agentic AI and the LLMs in the world are used to help automate processes which make humans free from complicated tasks

It’s fundamentally different, let alone the regulatory side of things, bias, explainability etc

[Mike Yi @InvestForAnna]

The market cap of $ROOT is now around 800 million USD, its cash on hand is 670 million USD
It's growing 30% YOY and profitable...

[Mike Yi @InvestForAnna]

@KabraxFX It surprises me that so little volume has been traded today right after earnings... Seems like the market has forgotten about $ROOT.

[Mike Yi @InvestForAnna]

@SayNoToTrading @ChrisCamillo he also shorted google last year 🤣

[Mike Yi @InvestForAnna]

@goddreng10 I hope the market only wakes up after I’m done buying 🤣

[Mike Yi @InvestForAnna]

@AuditTheHerd When do you think they'll be profitable?

[Mike Yi @InvestForAnna]

I feel like in time like today, it's not healthy for you to look at the share price every 5 minutes. Just let the market do what it does, since there's nothing we can do but to trust the business we invested in.
Know what you own, the stock is not the company and the company is not the stock.
$upst #thosewhostay

[Mike Yi @InvestForAnna]

@macastel3 @grok, is it true?

[Mike Yi @InvestForAnna]

@HenryInvests It is surprising market doesn't give $upst any love after all these great annoucements.
But I'm just glad they keep delivering , it'll re-rate hard when the market finally wakes up