Ticker: TOST
Q4/FY23 ER was last Friday after market.
Currently up ~16%+ after hours.
I hold TOST @ 13% of total portfolio
I shared my thoughts on [StockTwits here.](https://stocktwits.com/stockkk3/message/562078816)
For those who are anti-Stock Twits I’ll thread the thoughts here!
Full disclosure,
I’m clearly $Bullish every restaurant in my city in the Midwest are either using TOAST POS, or I had known whether a place had it but multiple times in the last 6 months I returned to these restaurants and they had just switched to TOAST, I emplore you as well to just take a look when you place your next order from a restaurant! Whether digital ordering/the toast takeout app/In store.
If you want to see which restaurants are using toast near you, check out [Toast Local](https://www.toasttab.com/local); just plug in your zip code. Or hit your APP STORE, no matter the device, and download [TOAST TAKEOUT](https://apps.apple.com/us/app/toast-takeout-delivery/id1362180579)
IDK, this is some straight up proof depending on your region, that your favorite restaurant uses toast as their restaurant POS and likely every other aspect of their all in 1 restaurant modules/app/service/Saas
, thoughts and confirmed conviction in this company‘s ability to be “profitable by 2025” as the NEW ceo Aman Narang (First ER since stepping into the role of $TOST CEO) and as stated in the ER.
Some of the news and actions the CSUITE and the new CEO took PRE-ER, the morning of earnings.
These events and news(some derived from er call Friday post market) after a silent period from the new CEO while in transition period of the role on 1/1/2024, were a signal for me
550 employees cut, pre publicly listed company, Awared ISO stock Options will expire out of these legacy employees providing value to the company. Payroll reduced leaned out and
share buyback announced
I Hold this stock at about ~15% of my Portfolio, pre FY23 Q4 2023 earnings release, i’ll be honest and say that I did spend time thinking about and considering if I should offload since I was in profit my position here pending earnings release because I would really wasn’t 100% sure how the market would react though I did have confidence in the numbers, Toast would put up past earnings been pretty over reactive by the market even though the numbers were that above early company on the come up, I decided to HODL through earnings, from the edge of my seat. I HOLD my position today #bullish and decided to DD some more now that my position is performing well post ER.
If this post gets any attention by anyone who is familiar or unfamiliar with the stock, but has interacted with their product in every day life, I’d be interested in hearing from ANY1 to de-bias, address any non factual information I provided with a source included (or not, Im aware that my take is 1 sided, rebuttals are encouraged) if you have dug in on the data from ER and how you interpreted that related to future performance projections, I encourage it all!
Again my write up or DD leans more on the speculative side of the conversation. I write this from a place of bias). Please share your opinion or anything related to $TOST and why or why not to invest right now?
This is my opinion and NOT financial advice.
