Company Report
Last edited 3 years ago
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-2.3% pa
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#Bear Case
stale
Added 3 years ago

Hi @ Reddogaustin

Thank you for this bear case for EOS from the bottom of my heart. I can’t remember laughing so hard in a long time. Let me extrapolate on the parts I enjoyed:

1.     EOS is a glorified retailer :):);)

2.     The latest dictator in Africa can’t buy their stuff to commit genocide……OMG! You are getting to the nuts and bolts of this this stock. THIS IS NOT an ethical investment!!!! 

3.     They also don’t promote cold wars by selling to Russia and China…You are totally right this is terrible for business!…What are they thinking!

We were chatting briefly at our Brisbane Strawman meetup this week. I confessed that I violated every bone in my body last year by buying EOS in January 2020. I hate weaponry but quite frankly with Trump and China I decided to break all my values and buy my initial tranche at $10.35 as a hedge against world war three. Weapons right- they are a safe bet if and when the world goes crazy. Plus I liked the satellite protection system that EOS were developing from a geek perspective. 

Then tad dah COVID not trump broke the world and as it turns out weapons aren’t a good hedge against a global pandemic. Who would have thunk. That pesky supply chain issue would have thrown a spanner in my best hedged plans. Then EOS started using the worst words possibly uttered by any company ever………………..PIPELINE! I hear these words in a report these days and I run for the hills. 

Needless to say after multiple showers through 2020 to wash away my poor decisions I started to dump EOS like a bad date and finally got out with 50% of my dignity intact at $5.37. 

The moral of the story buy stocks you believe in, don’t bend your ethics even for a huge pipeline!