BSP Bending Spoons S.p.A.

$BSP No one asked, but here's my current plan for this one: - Entry: wait for $29-31. The lockup ends 48 hours after Q3 earnings (mid-November) and that's when ~318M shares hit the market, which is probably what drags it down there. Only other play is $32.X-33 if earnings pop it and it reclaims $35 on volume. - Exit: $45-48, that's where most analysts have their targets. Works out to about 45-55% off a $31 buy. If it somehow runs past $50, sell into it, don't get greedy. - Hold: 4 to 6 months. Buy the November flush, hold through Q4/full-year earnings in Feb, out by April 2027. If it touches around $45 in January 2027, then I'll probably cash out.

$BSP has some secret sauce.... and if it plugs into all these brand names and actually works... could be very huge. If it they all don't take off, at least some will. Very bullish.

$BSP picking up quite the options flows here most of the day. Continuing into the close.

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$BSP After yesterday’s action, glad it’s a little down today for yours truly to pick up some stock (in volume). There’s no company like this! $100 price target plus!!

$BSP This is the craziest stock. Spending hundreds of millions to billions buying companies nobody cares about, making them marginally profitable and then trading at a multiple like they are an Ai company. This will tank HARD after lockup. Valuation is fair around 6-7B

🔴 $BSP 30P Nov 20 💰 $114,200 premium 💵 $2.35/contract 📊 2.3x Vol/OI 📍 Spot $32.35 💰 Large premium 🌊 Dark Flow | Options Flow

S&P Global Ratings upgraded Bending Spoons to BB- from B+, citing greater scale and diversification following recent acquisitions, while also raising ratings on its Term Loan B facilities to BB-. The outlook is stable. Bending Spoons plans to raise about $1B through a fungible add-on to its Term Loan B to partly fund the pending $1.4B acquisition of visual collaboration platform Miro and replenish its revolver. Pro forma revenue is expected to reach about $4B in 2026 following the Airtable and Miro acquisitions, with subscriptions accounting for roughly 80% of revenue and no single business contributing more than 20%. S&P expects adjusted debt/EBITDA to remain around 4x in 2026, while cash interest coverage improves above 3x in 2027. The company has achieved more than 90% of planned cost savings at Vimeo and 60%-75% at AOL, Eventbrite and Tractive. Gross debt is expected to rise to about $5.7B by year-end 2026 from $2.7B in 2025 due to M&A. $BSP $SPGI

$BSP Bending Spoons BSP 5.09% is a debt-funded serial acquirer that went public in July. Its name is a nod to psychic powers, but the real hocus-pocus is in the company’s numbers. The Milan-based company has been hoovering up fading digital-subscription and software companies for years, including AOL, Evernote and Vimeo. Its shares are up 37% since the initial public offering, and its stock-market value is about $28 billion. That is almost 14 times its revenue over the last four quarters and more than 100 times earnings. While that earnings multiple reflects official results, management also directs investors to nonstandard versions that make earnings look bigger and the valuation appear lower. Among the biggest add-backs is amortization. This is the book expense to gradually write down the value of its customer base and other acquired intangible assets If ever a company illustrated the pitfalls of ignoring amortization, Bending Spoons is it.