“The price is wrong, bitch” - Adam Sandler as Happy Gilmore
Last week, Blade Air Mobility (BLDE) continued to prove that the market is still behind the curve when it comes to understanding the company when they announced earnings on May 7th. Once again, management executed on their short-term goals, resulting in beats on the top and bottom lines.
Before I get into the company’s earnings, I want to tip my cap to Blade’s entire team for executing in Q1 and blowing past estimates. I also want to applaud the individual efforts of Founder and CEO, Rob Wiesenthal, as well as Chief Financial Officer, Will Heyburn. Blade’s continued success is a direct result of their operational efforts and leadership, so hats off to them.
For those who are not familiar with Blade and/or would like a refresher, I recommend reading my first piece before reading on, which can be found here: The Market has the Story Wrong, Luxury is Essential
The rest of this piece, with the charts and tables the argument was built on, is at the source link below.