---
title: "Enovix Makes Their Own Case (ENVX)"
author: Tom Hogan
publication: Hoags
date: 2024-05-02
section: Investing
series: Enovix (ENVX)
words: 1442
url: https://tomhogan.io/p/enovix-makes-their-own-case
source: https://tomhoganfinance.substack.com/p/enovix-makes-their-own-case-envx
excerpt: true
license: quote with attribution and a link
---

# Enovix Makes Their Own Case (ENVX)

*Q1 blowout earnings. The company argues the case for me.*

> “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena.” - Theodore Roosevelt-Tom Hogan

If that quote seems familiar to you, that’s because it is the same quote I used in my March piece titled, "Making the Case for Enovix (ENVX)”. I also want to point out that I think it’s safe to say that I’ve made the quote more famous than Teddy Roosevelt did, sort of like Michael Scott helping Wayne Gretzky out.

What’s not up for debate is the meaning behind the quote - putting your work out into the public domain makes you the Man in the Arena. As the Man in the Arena, you are at the mercy of the market, which will tell you if you are right or wrong in no uncertain terms. Today, the market voted in favor of my Enovix thesis following the company’s blowout Q1 earnings. Before we get into the numbers, I have to say that just because I was right today, does not mean I will be right tomorrow and all of us, as investors, must be egoless in markets in order to succeed over the long term.

## Enovix Q1 Results

The rest of this piece, with the charts and tables the argument was built on, is at the source link below.

— Hoags

Opening excerpt; the full piece with charts and tables is at the source URL above.