Roku stock is down 2.29$ after hours. I wonder if there is any money to be made shorting companies wrapped up in this mess.
Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
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Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#12Roku stock is down 2.29$ after hours. I wonder if there is any money to be made shorting companies wrapped up in this mess.
Roku wasn't priced the way it was because of the cash on its balance sheet, it was/is priced on earnings, for example.
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#13Earlier quoted context omitted.
Only if it's material to the company.
How long do they have to file the 8-k? I own stock in a few high tech very silicon valley based companies that aren’t mega tech. A little concerned.
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#14Does every public company need to file such a form by some time? Could we use these forms and public companies got get some sense of the contagion risk?
Others are indeed disclosing that they have some holdings in SVB, such as Roblox at 5%: https://www.sec.gov/Archives/edgar/data/1315098/000110465923...
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#15Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#16Earlier quoted context omitted.
How long do they have to file the 8-k? I own stock in a few high tech very silicon valley based companies that aren’t mega tech. A little concerned.
form 8-k itself seems to say 4 days or less: https://www.sec.gov/about/forms/form8-k.pdf
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#17Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#18Does every public company need to file such a form by some time? Could we use these forms and public companies got get some sense of the contagion risk?
Only if it's material to the company.
[1]: https://twitter.com/footnoted/status/1634302156303134720
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#19Roku stock is down 2.29$ after hours. I wonder if there is any money to be made shorting companies wrapped up in this mess.
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#20Then I learned this was only 26% of its cash reserves.
I thought cash was considered wasteful because it loses value via inflation.
Has the thinking changed? Can someone knowledgeable please help me understand this?