Investing · Mar 27, 2024

The Market has the Story Wrong, Luxury is Essential - Blade Air Mobility (BLDE)

11 min read · 2,660 words · By Tom Hogan

"The price is wrong..." The first Blade Air Mobility piece.

“The price is wrong, bitch” - Adam Sandler as Happy Gilmore

First and foremost, I apologize for any abruptness in my writing this week, I have been sick, but as a man of the people, I knew I couldn’t let the man flu stop me from publishing on time… Plus it’s MLB’s Opening Day tomorrow so I will be out of office in very important meetings taking place in my entertainment room.

I thought I’d have more time before I wrote my next research piece, but alas, news from another one of my favorite long-term investments broke recently. The only thing better than good news is good news that the market is mispricing and/or ignores. So, after all this time, Happy Gilmore was right…

To be clear, this is a family-friend Substack, but that was a layup.

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 its charts and tables, is on Substack. Read the original · Open in the reader · Markdown

Published by Tom Hogan for informational and educational purposes only. Not investment, legal, tax, or accounting advice; not a research report; not an offer to sell or a solicitation of an offer to buy any security or interest in any fund. Tom Hogan and/or Alpha Loop Capital, LLC may hold long or short positions in securities referenced, and those positions may change at any time without notice. Views are his own. Past performance is not indicative of future results.