Could someone please explain what SVB is and what money being stuck there means? Why do companies put money there? For what reason would a company file, or have to file, an 8-K?
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
#22Could someone please explain what SVB is and what money being stuck there means? Why do companies put money there? For what reason would a company file, or have to file, an 8-K?
Knowing that probably answers your other questions.
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#23Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#24I was astonished that Roku has half a billion in cash. Then 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?
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#25I was astonished that Roku has half a billion in cash. Then 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?
You need cash to pay for things, like payroll and rent.
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#26- Roku has 487M in SVB
- After the 8-K released, Roku lost 323M in market cap
Basically, the market is expecting around 30c of value recouped for every dollar inside of SVB.
(note: I know this analysis isn't perfect, but it gives a rough idea)
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#27Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#28This is not a perfect analysis, but: - Roku has 487M in SVB - After the 8-K released, Roku lost 323M in market cap Basically, the market is expecting around 30c of value recouped for every dollar inside of SVB. (note: I know this analysis isn't perfect, but it gives a rough idea)
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#29This is not a perfect analysis, but: - Roku has 487M in SVB - After the 8-K released, Roku lost 323M in market cap Basically, the market is expecting around 30c of value recouped for every dollar inside of SVB. (note: I know this analysis isn't perfect, but it gives a rough idea)
It's also very likely the market changes its mind shortly, especially if Roku lays out the plan and expected impact to operations in more detail.
Re: Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB
#30This is not a perfect analysis, but: - Roku has 487M in SVB - After the 8-K released, Roku lost 323M in market cap Basically, the market is expecting around 30c of value recouped for every dollar inside of SVB. (note: I know this analysis isn't perfect, but it gives a rough idea)