Tag Archives: BZFD

BuzzFeed (BZFD), mcap=$247m, price $1.87 vs $1.60

Buzzfeed – is a digital media company focused on Gn Z and Millennials.
Recent SPAC lost 80%+ of its value, mainly due to unrealistic expectations set at the time of de-SPAC and management has lost its credibility.
2022 is likely to be an absolute through for BuzzFeed.
’23-’24 cyclical recovery is expected to come at high incremental margins.
Strong enough balance sheet to withstand the current storm.
Asymmetric bet due to limit further downside.