Hi folks, Any of you holding Airbnb shares? What's your long term view of Airbnb?
🤡
I bought in the $130s. It’s trading a little over 20x sales, which is a fair valuation. I’d add more if it falls to ~15x sales. Airbnb has been around for almost 15 years, so I’m sure they’ll be fine in the long run. They have good talent, and have a strong design culture.
It is on sale. Good buy. Next year 200+
Going long
It’s only good till Fed keeps printing. Growth stocks will be crushed if interest rates go up.
1) Growth stocks have taken a 25-50% haircut recently 2) The market tends to do what you least expect 😉 3) Airbnb is a reopening play. I wouldn’t assume it will tank because it’s just a “growth stock”
Good luck 👍
Airbnb’s lock up period ends tomorrow (Tuesday June 8th). A potential buying opportunity if the selling pressure is heavy 💵
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