Cardlytics ($CDLX): Updated VWAP Projections + Additional Bridg Earnout Payment Possibility (Update #170)
Updated Bridg VWAP projections (with different stock prices and volume) for the stock component of the 2nd Bridg earnout payment, and an additional Bridg earnout payment possibility.
Market Cap as of 4.27.2023: ~$6.48 / Share x 33.6M Shares ~ $218M Market Cap.
The following update was the last set of projections created for the VWAP for the 2nd earnout, before it was announced (today) that the second earnout would be $0.
For organizational purposes, I made #170 in a post like the other updates (but I did not send this out as an email). I did not want to include these VWAP projections with the next update post that will discuss the Bridg earnout update (where we learned the 2nd earnout is $0).
The CDLX Research Notes Updates
At this time, all of the following notes are under
For convenience, I copied over the corresponding sections of the Research Notes and pasted them at the end of this post.
Note, I do tweet out when I make an update to the Research Notes. Therefore, if you want more real-time updates, follow me on Twitter. (I also have been posting on Substack Notes when there is an update.)
The order below matches how I copied them to the end of this post to read.
CDLX Research Notes: Update #170
Added on 4.27.2023
Updated VWAP Projections (5 Days Remaining of 20)
Additional Bridg Earnout Payment Possibility
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Research Notes contain information I have collected while researching, investigating, analyzing, and thinking through businesses, such as CDLX.
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Some of the notes have never been made, nor will be made, into official posts that are public to read.
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Cardlytics ($CDLX) Research Notes:
For all of you with a paid subscription, you can read some of the recent updates:
#166-169 (4.25.2023): Updated Bridg VWAP Projections, Thoughts on Timing of Earnings and the Bridg Resolution
#164-165 (4.19.2023): Bridg VWAP Projections (12 and 13 trading days remaining of 20)
#162-163 (4.12.2023): Potential Stock Price After the Bridg Resolution, Potential Bridg Clients
160-161 (4.7.2023): Timing of Announcements, Convertible Senior Notes, Updated Projections
#158-159 (4.4.2023): Updated Guidance + Updated Liquidity Analysis and Projections
#156-157 (4.3.2023): Potential for New Banks Signing Soon and/or Remaining Banks Moving to the New Ad Server Ahead of Schedule, Possibilities and Potential Impact of Images
#154-155 (3.30.2023): How Bridg Can Lower FI Revenue Share, My Latest Large Purchases of CDLX with Leverage
#150-153 (3.27.2023): Possible Upcoming Announcements that Could Increase the Stock Price, New User Experience on My Chase Account, Less-Considered Liquidity Resources
#145-149 (3.24.2023): PacWest Deposits and LOC, Bridg Dispute, Resignation of CFO
#140-144 (3.20.2023): Why I Bought More
#133-139 (3.12.2023): Liquidity Analysis, Prior Use of SVB, 22Q4 Earnings, and More
I have also added a page to keep track of these updates as well.
Carvana ($CVNA) Research Notes:
General Research Notes on Businesses, Investments, and CEOs (Historical to Current):
Reviews on the Research Notes
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For convenience, I copied over the corresponding sections of the Research Notes and pasted them directly below.