Reddit Posts
CuriosityStream - rapidly growing company valued below cash & cash equivalents, no debt, targeting positive cash flow in 2023. P/B of 0.45
Why I'm bullish on Curiosity Stream ($CURI) - Deep Value Play (DD)
Why I'm bullish on Curiosity Stream ($CURI) - Deep Value Play (DD)
Why I'm bullish on Curiosity Stream ($CURI) - Deep Value Play (DD)
CURI- A rapidly growing company trading well below book value
CuriosityStream(CURI)- $110 Million market cap, 20 Million subscribers, rapidly growing, heavily shorted
CURI STOCK UPDATE | CURIOSITY Stock Earnings News | TLRY Stock Day Tradi...
$KPLT 10$ float shorted, it's at $2 and Quarterly earnings were great. people are sleeping $kPLT and $CURI
$SFT - Shift Technologies: undervalued stock with high short interest
$SFT - Shift Technologies undervalued with high short interest
Could there be a potential short squeeze here?
CuriosityStream: A Streaming Service > Netflix
$CURI CuriosityStream squeeze opportunity
$curi CuriosityStream squeeze opportunity
What do you think of $CURI? I think, it is a great investment, both short term and long term
Unusual Options Activity in 9 Communications Services Stocks In Today's Session 6/7
Why I think Curiosity stream (CURI) is the next big thing
CURI - Curiositystream Stock is HEAVILY SHORTED
Warning to Warrant Investors (why I'm staying away from SPACs like LCAP)
Mentions
I am all bullish on SPCB. It could not get institutions excited due to its a micro cap. They need to pay a dividend to attract more retail buyers. Look at how CURI did.
That was quite a move for $FUBO when the Hulu news was announced. Seems like there’s definitely long term value there especially when you consider that Amazon Prime keeps making one bad move after another. YouTube free is almost unwatchable with the endless commercials and now they’ve implemented this technique where you can’t ignore the commercials (the little i or info icon), but instead it lets you block it but the commercial still plays. For that reason, I try and find other industry players that have longterm growth potential. But to be clear, these aren’t overnight winners. These will take years to develop and the platforms to become mature. Making content, and good content, just takes time. My other pennystock media/streaming plays: $CURI and the OTC ticker $LPTV (no volume and no price action, so be forewarned on this one!) The media company making my potential penny scanner is: $CMLS
As far as penny stocks go, I have the most in UAMY, CURI, GENI
Looking at CURI and JFB. In on CISO
CURI Strong after hours trading. Announced first ever positive quarter.
Anyone have eyes on CURI?
Does anyone have a view on IBEX or CURI? IBEX is not technically a penny stock as the share price is around $24…but with an equity market cap of $327 million…it feels like a penny stock. I just came across both of these today while reading through a bunch of articles. I bought tiny starter positions and plan to do more research later when I have some time. Thank you
Thank you fo rtaking the time and the very thoughtful response. I agree with much of the reasoning behind what you said. I have a different understanding of tis situation and that is why we are on different sides of this trade. I have no vetsed interest in you investing in $CURI or anything else for that mater. The reason that I wrote to you is not because I disagreed with what you said but because you wrote an excellent bear thesis. As far as your first point, why is the stock price 5x what it was, I thing the stock was wildly undervalued at $0.50. Understand that at that time, yes they were losing money but they had $50 million or so of cash on the balance sheet and their market cap was about the same $50 million. That would value their library as not having any value. In other words, you could purchase shares of the company that were more than one-to-one backed by cash and no debt. As far as the revenue declining is concerned, remember I worked in the television industry for 25 years. I worked on some of the biggest reality TV shows and my work was distributed internationally. Revenue in television is not like selling Coca Cola. Sell a bottle of Coke, report revenue. In television, the revenue is lumpy and difficult to predict. A large portion of the revenue for $CURI is based on licensing. Licensing payments are slow to receive and often depend on opaque metrics. $CURI has lots of these deals and, in my opinion, it will show up in the numbers befre too long. As far as raising prices and losing subscribers is an issue, $CURI is following the $NFLX playbook which has been working very well for Netflix. I expect it will work well for $CURI as well. The number of subcribers is not as importmant as the egagement of the subscribers. More engaged subscribers are better customers and will spend more over time. The service can be more precisely dialed to provide the content the more engaged subscribers prefer. When network effects kick in, the more engaged subscribers will tell their friends and $CURI will acquire not just more customers but better customers. The Boomer audience has more money and they don't look on YouTube for content because they don't know how to find that content. Remember, YouTube was founded in 2005. Boomers have decades old viewing habits that are very hard to change. "Borrowing money to pay a dividend is not a good long term strategy." Apple ($AAPL) borrows money to pay their dividend. $CURI does not. It pays the dividend out of operating cash flow. I suspect many of their shareholders are Boomers who appreciate a dividend and that gives them a reason to be buy and hold stock investors. Institutional investors will also be more loyal based on a consistent dividend. If $CURI falters on the dividend, I will definately be concerned. $CURI stock has not been growing the past couple of years. It was obliterated. From peak to trough the stock went down \~96%. Each share at the bottom was worth 4% or so of what it cost at the top. $CURI was the same company the whole time. Yes, you should be concerned about pump and dump microcaps. This company has 45% insider ownership and growing. Institutional ownership is finally moving up to a stagering 9% (this stock has massive upside). I am glad you have a stable career and I expect you are doing well. Good for you. I had a "stable-ish" career for 25 years. One day, after I turned 50, it was gone. The world changed and I had to do other things. Now I own a business. "X's revenue fell off a cliff and they are bleeding money." Do a search on "is X platform profitable" and see what you find. Not only is it profitable but it is twice as profitable as it was before the purchase. Be careful what you read in the "news." $CURI has international distribution in \~175 countries. Their market oportunity is staggering. They are licensing their content to train AI models. The cost of producing content is plummeting while they are raising prices. Profitability is just around the corner. They get paid through subscriptions, AVOD (Ad-based Video on Demand) and partnerships. A company with cash and no debt cannot actually go out of business unless they run out of cash or take on too much debt. I don't think this stock is good for you. I see things that I believe others don't. Thanks again for your thoughful response and best of luck to you in the future.
Let me start by asking why, in your opinion, you think the stock is worth 5x as much as it was a year ago when it traded at $0.50? What has improved? As far as I can tell, they are still losing money every quarter. They just managed to pump their stock by paying a dividend, and then increasing that dividend, when the company doesn't even have the profits to sustain it. Their cash on hand has been declining every quarter. Revenue has also been slowly declining despite a massive price hike of their prices. They stopped reporting subscriber counts, so it seems like their subscriber count has likely fallen significantly. >In the statement that you made, the Curiosity Stream/Nebula bundle was a bad choice because it was "an unprofitable bundle in which customers mostly only cared about Nebula." Based on what? When the bundle deal ended, Nebula's direct subscriptions skyrocketed even though they charged a lot more than the bundle. Curiositystream, on the other hand, saw a significant drop in revenue despite a price hike and not needing to rev share with Nebula. It makes a lot of sense- the bundle was promoted directly by YouTubers for their own Nebula channel. Nebula gave them more of what they were already watching & interested in, whereas CuriosityStream was a side bonus. >"They fail to meet their guidance." Anyone who runs a company knows that guidance is an opaque and black art. $SOFI meets or exceeds its guidance every quarter. That is treated negatively in the stock price. Ouch. The fun thing about micro caps is they get pumped all the time for no reason. I do not think CURI's growth the past couple years has been based on fundamentals. Declining revenue, declining balance sheet, losing money every quarter... why would it be worth more than it was 1 year ago? >Yes, I suspect the company had negative free cash flow as of the time of your writing. But the levered free cash flow was strongly positive. This mean that the company, which has a strong cash position and low debt, can borrow money and create more free cash flow that can continuously improve their non-levered free cash flow over time while keeping their debt low. Anyone want to go to Costco ($COST)? Borrowing money to pay a dividend is not a good long term strategy. >They refuse to invest in... your opinion. They are monetizing their product in ways that you think are not optimized. Your strategy, in your opinion, might be better. Maybe it would. Go work for them and have that discussion. You are posting on Reddit. They are running a business. I would be thrilled if they took your advice and you were right. I have a stable career, I'm not going to toss it aside to work for some penny stock company. They don't even answer emails with very basic questions from investors. >Your "App seems to be maintained by a skeleton crew" comment ignores the fact that Elon Musk cut 80% of jobs at what was called Twitter and the site/app/service did not only survive, it got better. Try to figure out how much revenue $CURI makes per employee. X's revenue fell off a cliff and they are bleeding money. Their valuation is down substantially since it was acquired. Bluesky and mastadon and other apps are stealing market share. Anyways, with Curiositystream, I do not think their app has changed much. And in my opinion, their content seems a lot worse than stuff that is freely available on YouTube. It really seems like they are just trying to squeeze whatever momentum they have left from people forgetting to cancel subscriptions and the cash they have on hand. I think it made sense at $0.50 if you knew they would pay a dividend & return that cash to shareholders. It does not make much sense at $2.50 unless they can demonstrate strong growth. Also I've made plenty of money the past year, I exited my curiositystream shares for a profit, so I don't really mind missing out.
Your comments were very smart and engaging. It just so happens that they did not age well. I do not say this to embarass you or make you feel bad. I want to understand what is happening as much as you. Ultimately, I would like to help you make money. I have worked in the television industry for 25 but also have an excellent record as a retail investor for two decades. Here are my responses to your post five months after your comments. 1. In the statement that you made, the Curiosity Stream/Nebula bundle was a bad choice becauseit was "an unprofitable bundle in which customers mostly only cared about Nebula." Based on what? 2. The ony engagement they have on social media is yada yada yada. I am Generation X. Engagement on social media is a millenial metric. The most profitable audience is the Boomers because have disposable income (they are not concerned about the price) and they are the generation with the most wealth. They are also not known for engaging on social media. Do a social experiment. Next time you are talking to a Boomer, ask if they know what Reddit is. 3. "They fail to meet their guidance." Anyone who runs a company knows that guidance is an opaque and black art. $SOFI meets or exceeds its guidance every quarter. That is treated negatively in the stock price. Ouch. 4. Yes, I suspect the company had negative free cash flow as of the time of your writing. But the levered free cash flow was strongly positive. This mean that the company, which has a strong cash position and low debt, can borrow money and create more free cash flow that can continuously improve their non-levered free cash flow over time while keeping their debt low. Anyone want to go to Costco ($COST)? 5. They refuse to invest in... your opinion. They are monetizing their product in ways that you think are not optimized. Your strategy, in your opinion, might be better. Maybe it would. Go work for them and have that discussion. You are posting on Reddit. They are running a business. I would be thrilled if they took your advice and you were right. 6. Your "App seems to be maintained by a skeleton crew" comment ignores the fact that Elon Musk cut 80% of jobs at what was called Twitter and the site/app/service did not only survive, it got better. Try to figure out how much revenue $CURI makes per employee. In closing, I have been investing since the stock sunce early 2021. I am currently profitable on my position. Please respond because I repect you and your opinion and would like to know how your opinion has changed over time.
Why isn’t anyone talking about CURI?? This chart is awesome. Thanks to whomever took the time to put this together.
Weirdly enough that's been my largest holding for a year or two. First thing I'd point out is that 1Y +380% just happens to start at the all-time low, oversold conditions after a lengthy period where SPACs were being broadly & relentlessly sold off in the post-SPAC honeymoon rising rate environment. CURI had/has no debt & at the time had a market cap far below its cash reserves. Granted, many SPACs haven't bounced back like CURI. It did seem odd they declared a dividend & buyback when they did, like maybe they were just desperate to regain stock price compliance & funnel some more SPAC spoils to the founder/majority shareholder. But since then they've been announcing more global partnerships & retaining strangely low subscriber cancellation rates. They even announced a 20% dividend increase last week as it seems they're confident they can continue to retain/grow licensing deals & partnerships with very low expenses. I think one could argue they should consider using their cash reserves/income to develop a greater amount of original content instead of a dividend & buyback, but apparently they're comfortable with their pipeline & licensing connections. & however perversely, the fact the dividend was 10% when it was first announced (currently ~5%) meant the buybacks became a high-yielding use of their cash reserves. Personally I have less opinion on content, but I do think they should put effort into improving their site. It's... not great. For example, move things I've already watched to a history page rather than making me scroll past them every time to fluff up your catalogue. Overall, at a low 9-figure market cap I like the concept of a non-fiction streaming service, & it was created by the guy who founded the Discovery channel. I think the idea has staying power since they still have room to expand into other types of documentaries, lectures, etc. Plus they're good about getting themselves on all kinds of obscure platforms like smart TVs, asian airlines, etc.
$CURI - Anyone know what this is about? Up almost 400% TTM on …nothing? They also pay a very high dividend given their financial situation.
$CURI - Anyone know what this is about? Up almost 400% TTM on …nothing? They also pay a very high dividend given their financial situation.
$WLDS, $PL, $CURI But even those might not make it through this red day.
What does my post on $CURI have to do with this post and your scanner? It looks like a spreadsheet to me. I’m all for tools, and congratulations on making such a feature rich scanner with lots of colors. It is pretty, I’ll give you that! But you aren’t qualifying the scanner settings nor are you providing the actual tool to run said scanner. Here’s an example of one I’ve created in ToS, which I can export and share with anyone. It’s a $.02-$.50 price with market cap of at least $1M (to avoid “riff raff”), and a volume setting. https://preview.redd.it/pggwgnho6qge1.jpeg?width=1170&format=pjpg&auto=webp&s=0acc19bbd18af8fd577608071906ed485ff58451
Why would you say this and then post such a great piece about CURI? All of the stocks in here are hot . I won't say they all will go up, but it is a refined collection of stocks that have increasing volatility, healthy volume, with RSI info to help persuade, as well as a trending kind of nature. Look at it a you want you degenerates.
Not in my opinion. My scanner caught $CURI about 12 months ago when it was $.55.
$CURI has been a position of mine since is was below $1. If you’ve never checked out Nebula or CuriousityStream, I look at it as the scrappy up and coming YouTube contender. Does it have a long ways to go? Yes, of course. Is it slowly picking off some of the bigger YouTube content creators, yea it is. I believed it in the service so much I bought myself a $300 lifetime membership. So not only am I watching a Nebula video right now, I’m a shareholder, and paid lifetime member. I guess you could say, I’m all in! One more thing, it’s the second penny stock I’m aware of that offers a dividend. Just imagine, a penny stock with a $.025 dividend per quarter.
$CTM, $GSAT, $CURI Sleepers: $RBTC, $MSPR, $HOVR Something’s weird: $BURU, $SMX, $OMEX
If you buy or are considering for the dividend, buy $NOK or $ERIC which offers a comparable dividend for a fraction of the share cost. And if you want to go the direction I did, buy $CURI which currently trades at $1.63 and offers a quarterly $.025 dividend. Now that’s a company interested in shareholder value and return!
I went with $WBD and $PARA instead, then found the gem $CURI (penny stock that pays a dividend).
I actually made money on CURI. I bought below 1.5
Anyone know anything about curiosity stream? It seems to be growing p well for the last year. CURI
I was big into CURI for a while but finally sold it all after they announced they’re paying a dividend. That’s a signal to me that they have no idea how to grow their small business. I’d sell it and put it all in your next play.
What do you think about CURI?
I’d caution you to think consumers will withstand constant price increases. Remember mobile providers used to charge for minutes? Then by data? And now it’s only overages on very extreme data users. They had to change because people started going with newer lower cost alternatives. I, for example, have already shunned Amazon Prime from my daily watching because everything seems to have a cost now AND when they rolled out the “we are Amazon and we will charge you $2.99 for the privilege not to watch ads because WE ARE IMMUNE from people leaving”. They may have a case because their stock price has shot up! Yes, Amazon is the only company that is unique in their offering in that everyone really pays for Prime for the free shipping. Prime Video is an add-on. But I will rather watch a movie on Freevue or YouTube than Amazon Prime now. Or, gasp, regular cable (yup, I never “cut” the cord because I knew companies would pull this pricing shit 10yrs ago). Netflix does have a price cap. Just ask Blockbuster! You may laugh at that comparison, but it’s true. People will only spend so much before they go search out newer alternative platforms like Nebula/CuriousityStream ($CURI). I mean, hell…here’s a $1 stock offering a dividend and not even $NFLX at close to $700 share and 20yrs in business offers a dividend.
Sure feeling like this fiasco made my speculative $.90 bet on the no-name startup streaming service $CURI is one hell of a deal (versus this gamble)!🤣
Hey! Are you still an owner of CURI? My friend and I invested and we believe in its CEO John Hendricks and what CURI is capable of in the near future. Happy to chat!
[CuriosityStream Announces Fourth Quarter and Full Year 2023 Financial Results and Initiation of Dividend Program](https://www.businesswire.com/news/home/20240320702497/en/CuriosityStream-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results-and-Initiation-of-Dividend-Program) \- CURI CURIW CURI up almost 50% to 84 cents after hours on news they plan to pay 2.5 cent per quarter dividend, and "CuriosityStream intends to pay regular quarterly dividends" That works out to a 12% annual dividend ***IF*** they continue to pay 10 cents per year.
Maybe. My kids have a custodial account that looks like this, lots of similar holdings plus other random shit they hear about and buy like CURI and ASTR. I have VTI in another account for them and once in a while we’ll compare.
Ugh, sold this and bought CURI and no chance of squeeze there. Congrats OP
So when do we tell everyone that Fidelity's charts include all your new contributions/investments including into your 401k My chart shows me at +168% at 1Y like you guys because I've invested almost 25k in my 401k and 15k in my stock portfolio this year but if you looked at only my returns from my investments, I'm -1.6k I'm regarded like the rest of you, I'm -97% on WISH, -93% CURI, -88% DNMR, -85% FVRR (lifetime for these, not 1Y) https://preview.redd.it/qaggtszzowbb1.png?width=1080&format=pjpg&auto=webp&s=27ac4ef1dab3771bbed0288b5894cc053e0b41f9
CURI down 90% MARK down 94% DMTK down 96% MTTR down 90% ACGN down 98% SOFI down 65% ALBT down 76% GRTS down 84% KBNT down 68% LYFT down 59% Dogecoin down 83% I plan to keep holding, thankfully with all the good investments I made overall my portfolio is only down under $200 LOL
Curiosity Stream (CURI) has a short interest rate of 17.75 days to cover.
God damn $CURI is now above the price paid... while $RKLB keeps climbing...?!
This did not age well. Still holding CURI?
Hey /u/fzctungkun - I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: CURI. We don't allow discussion of low market cap (less than 500mm) tickers to prevent pump & dump spam and scammers.
Low risk: VTI High risk: CURI
I buy whatever wild shit my preteen kid mentions…so far its trash 😆 CURI ASTR TESLA
I had sold off my CURI for between $1.40 and $1.70 after earnings, so now I've been buying back in now that it's back down to $1.30.
It depends. TDOC was trading below book value for a while because it's the amount they overpaid for an acquisition remained as "Goodwill" on their books. But it was still insanely OVERvalued. If you're going to buy a company based on book value, make sure to understand the entire balance sheet. Having a huge amount of goodwill and intangibles means nothing if they don't produce earnings and aren't marketable. But in another example, I bought a ton of CURI at $1.20 because at that price, the companies net cash position (cash - debt) was worth more than the entire market cap of the company. So they were trading below book value before even considering the value of their content assets, licenses, brand, Goodwill, etc.
CURI isn't a nanocap by any definition. Nanocap is $50 million or less market cap, CURI has a market cap of $70 million based on AH values. And it's true value is $200-250 million.
And he left it after "Honey Boo Boo" became a hit and the type of content they started to focus on. It's one of the main reasons he started CURI.
I've been long CURI for several months (see my posts). To me, the most compelling facts are: * They're priced at their *cash value*. * They're going to be burning less cash, seeking profitability by Q1 next year. * Management has said they will not dilute and will keep cash above $50m * Despite this, they are basically priced as though their current business (10,000 titles of content, 24m subs, etc) are valued at less than $0. * Extremely low churn rate (something like 2%) As I see it, they could cease all spending on marketing, new content, etc. They'd be left with a pile of cash equal to their market cap, and a content library they spent $200m (I think, could be a little less) on that produces ~$70m/yr in revenue with minimal cost to provide it. Question is: can they make a single dollar off of 10,000 titles, 24m subs. I think yes. Market thinks "no, they'll keep burning cash forever". An easy buy for me, but not for the faint of heart. Very illiquid, not well covered, and lumped in with SPAC/growth/streamer/smallcap/etc.
>I think that the best way is to avoid the income statement totally and look at the cash. So this can be a dangerous. Sure the company has $66 Million on their balance sheet, but that's as of Q2, and some of that will have been burned through, and will continue to be burned through until they become profitable. CURI is basically just a gamble on if they will either: 1. Be able to turn a profit. 2. Be acquired by someone at a premium to today's price by someone that wants to acquire their assets.
I like story-style documentaries, if I wanted it to be super educated, I'd take a class. So I want it to be entertaining as well while being factual. I agree Nebula is impressive; I think that's why it's such a strategic deal to partner with them. They are the only outside investors in Nebula besides the creators and standard. You can't buy yourself into this relationship. It's a competitive advantage for CURI. How I see it is that the rest of CURI's business is derisked from their cash pile.
> There's a reason YouTube has been unprofitable for so many years and keeps adding ways to charge a viewer like ads, YouTube premium, super chats, channel memberships, and why Netflix increases their subscription prices every year. Youtube has billions of videos that literally never get viewed that they need to pay to store, backup, etc. CURI's concern for profitability is not the cost of media distribution, but rather their high marketing costs, low revenue per user, and lastly, high overhead costs relative to revenue. CURI either needs to grow their way out of the overhead(via either higher ARPU or more users), or cut overhead/marketing to achieve positive FCF
My main issue with curiositystream is their science documentaries seem really light on the actual science compared to how much they go into telling a story. Coming from YouTubers like Real Engineering, Mentour Pilot, Practical Engineering, Veritasium, etc, that really go deep into science and promote their platform, CuriosityStream's documentaries don't really have the same feel to it. The main appeal to me is Nebula, for their exclusive content. That's the main reason I'm invested in CURI.
FYI for anyone considering them, CURI reports earnings after market close today. So do expect lots of volatility after market close and tomorrow.
I'm going with my gut in staying away from SVOD companies. There's too many subscriptions in the world, money is tight. Netflix for me is just a demonstration of this, and since it's the most popular I would use it as an indicator of the greater market in general. Put it this way, people didn't unsubscribe to Netflix because they wanted to subscribe to Curiosity Stream. This isn't something you claimed, but my point is when Netflix subscriptions go down, as far as I'm concerned that will cause a net loss in subscriptions in the whole market. In other words customers are leaving the market. And the fact that CURI is niche, automatically puts it outside of my hypothetical risk tolerance.
>turned Streaming actually is better than expected no? Its more that the other businesses didn't do as well + cost/inflation. ​ Btw if you're interested in streaming stocks, I did an analysis on CURI ("Netflix for documentaries") - https://www.reddit.com/r/investing/comments/yq9u8c/why\_im\_bullish\_on\_curiosity\_stream\_curi\_deep/
Thanks for taking the time to reply: 1) The selling point is that Curi focuses on premium long-form documentaries compared to youtube which are generally lower quality or shorter 2) CURI is also making a Free Ad supported TV version 3) CURI is using youtube to acquire customers.
I see. I suspect most laymen cannot tell that the theory has changed so much. No one knows what the price elasticity for CURI is - we will see. Even if churn is higher, it might be worth it to increase revenue. Multiple people online have commented that they feel CURi should increase the prices. For $20 a year, I think people will still sign up if it's $5 more with today's cost of living. If churn is not too bad, this itself could result in a 25% increase in revenue. I'm not able to forecast how it can go to 10x, but there is a clear 2.5x if they can generate just a 5M FCF margin. Discovery did grow into a 12B business eventually, and Hendricks was on the Board of Discovery till 2014.
>What do the markets it operates in look like? Assuming that this issue of cash flow comes from non- cash items and growth investments, how much of a market would be required to reach profitability while generating a return in assets and ROIC that justifies the endeavor relative to cost of equity? (Multi part, but, one general idea.) Thanks for your response. I don't think a DCF is needed because the valuation is already covered by the balance sheet. A DCF will be unreliable as it will be difficult to calculate the terminal FCF margins and revenue growth rate. Netflix's latest operating margin is roughly 25%, however, however, CURI has higher gross margins (because documentaries are cheaper to make). Netflix actually has -ve FCF LOL, it did produce 7% FCF margins in 2020. Assuming: 1. 5M in FCF a the start (5% FCF margin, 100m revenue) 2. for 40 years 3. growing at 10% a year 4. with a 19% WACC That results in 63M in NPV, on top of the 70M of other assets. So also at least a double in terms of current prices. Question 1) Yes, you're right that the main bear argument is that it is unprofitable. The management is guiding to free cash flow positive by Q1 2023, and looking at their financials, they will reach that. When they will achieve GAAP profitability is difficult to tell. The thing is that GAAP "profitability" of Streaming stocks is misleading; how do you accurately value the value of a piece of content? A movie asset, for example, can be estimated to be worth 7M to make and valued at cost, but it can be massively popular and bring in 7M in revenue Q1. Do you amortize 7M of value on the books? What Q2 did you manage to squeeze out another 1M? They need to account for some amortization costs. If not, companies can capitalize their content libraries and never report any expenses - resulting in unreliable profits. So I'm mostly forgoing the use of the income statement and mainly focusing on valuing the company based on its cash & cash flows. What money comes in and out of business? Question 2) As for a large company coming into the space and competitive pressures, I wrote about CURI's potential moats. In the short term: 1. The main "moat" is that its culture and focus are 100% on factual content. Disney - focusing on its big franchises, WBD - focusing on debt, and Netflix - moving into gaming and big-ticket blockbusters. Documentaries are a comparative niche area that can't move the needle for them, but there is still a considerable upside for CURI at these current prices. 2. Distribution with Nebula - CURI has access to 200M people that like to watch factual content. Even with money, you can't get a stake in Nebula. VCs tried. Given a few more years, I believe CURI can build up an even more extensive library & would have brand recognition - being the Discovery Channel for streaming.
Hey /u/melvinfoo - I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: CURI. We don't allow discussion of low market cap (less than 500mm) tickers to prevent pump & dump spam and scammers.
I wrote my analysis of CURI on my substack here: [https://techanalyst.substack.com/p/curiositystream-interesting-risk](https://techanalyst.substack.com/p/curiositystream-interesting-risk)
If anyone is interested: I wrote any analysis of CURI on my substack here: [https://techanalyst.substack.com/p/curiositystream-interesting-risk](https://techanalyst.substack.com/p/curiositystream-interesting-risk)
You can look at CURI - a "Netflix for documentaries". It has 66M in net cash but its market cap is only 64M. I did my analysis here: [https://techanalyst.substack.com/p/curiositystream-interesting-risk](https://techanalyst.substack.com/p/curiositystream-interesting-risk)
CuriosityStream (CURI) keeps running mad ads on YouTube...looked into it, the entire exec crew is like ex-Discovery Channel folks including the founder. Tempting at this price although I'm down lol
Still liking CuriosityStream (CURI)...solid content, good marketing, and the exec board is like all OG Discovery Channel folks. Shits on sale yo
**CuriosityStream** (CURI) for the fucking win
CuriosityStream (CURI) looking tasty
$CURI (Curiosity Stream) dropped a lot recently in the past couple of weeks since their earnings report (which had its ups and downs) I'm still really bullish on it and their finincial report says they are looking to be in positive cash flow by q1 of 2023 Honestly surprised there's so few people talking about it considering that there's so many ads for it on educational channels on Youtube
CURI They aim to be profitable next year so good potential to gain in value. Disclaimer - I own CURI shares.
**CuriosityStream** (CURI) making big moves today (+16% earlier)
Maybe buying a few shares of $CURI... I mean they have over 20 million subscribers and rising... any objections? https://investors.curiositystream.com/overview/default.aspx
CURI It all depends on meeting their 2023Q1 goal of becoming profitable. Disclaimer - I own CURI shares and I benefit if the stock price goes up.
Wonder if anyone here has invested in $CURI ??? The streaming service called Curiosity Stream, over 20 million subscribers, 20 bucks a year. Any concerns etc.?
CURI because I really like their business model of providing an unbiased place for documentaries and other video content. CDR because the witcher is one of the best games I've ever played and cyberpunk got really harsh press for a game that still gave a lot of people a lot of enjoyment.
My cousin fooled me with his Motley Fool 10x picks. Boy they got slaughtered. SKLZ, CURI, DMTK, SOFI are down over 70%. Do yourself a favor, don’t listen to others when it comes to your money.
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CURI is interesting - valuation is pretty much book value. No debt, $1M in warrants with an $11.50 par value. Stock is less than $2. To the moooon
My watchlist on 21 June $CURI $EPZM $SOPA $BRN $MARPS $SKYH
My watchlist on 21 June $CURI $EPZM $SOPA $BRN $MARPS $SKYH
My watchlist on 21 June $CURI $EPZM $SOPA $BRN $MARPS $SKYH
My watchlist on 21 June $CURI $EPZM $SOPA $BRN $MARPS $SKYH
My watchlist on 21 June **$CURI $EPZM $SOPA $BRN $MARPS $SKYH**
CURI outperforming the market, held in there today. 50% move to $3 isn't out of the question.
My watchlist on 10 June $CURI $EPZM $SOPA $USWS $PALT $GME **hope $SOPA is next $IMPP**
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$CURI pushing up again!
Watchlist on 9 June $CURI $EPZM $SOPA $USWS $CNTX $PSHG $GME $SOPA is next $HUSA $CURI pushing up again!
Watchlist on 9 June $CURI $EPZM $SOPA $USWS $CNTX $PSHG $GME $SOPA is next $HUSA $CURI pushing up again!
Watchlist on 9 June $CURI $EPZM $SOPA $USWS $CNTX $PSHG $GME $SOPA is next $HUSA
Watchlist on 9 June $CURI $EPZM $SOPA $USWS $CNTX $PSHG $GME $SOPA is next $HUSA
Watchlist on 9 June $CURI $EPZM $SOPA $USWS $CNTX $PSHG $GME $SOPA is next $HUSA
I am a bot. You submitted a picture of a banned ticker, CURI. The market cap of CURI is **86285300** This check will fire if you included unnecessary pictures that have bad phrases or a bad crop with news about cryptocoins, for example. Repost with the useless pictures omitted if you did that. Yell at /u/zjz if it's above 1 billion-ish market cap and not related to crypto/pennies/OTC.
I am a bot. You submitted a picture of a banned ticker, CURI. The market cap of CURI is **80744040** This check will fire if you included unnecessary pictures that have bad phrases or a bad crop with news about cryptocoins, for example. Repost with the useless pictures omitted if you did that. Yell at /u/zjz if it's above 1 billion-ish market cap and not related to crypto/pennies/OTC.
CURI is also based in the DC metro area
>A year ago they aren't a microcap or a penny stock They are now per definition. Sure, they weren't last year because they were at an obscene valuation, but as of you posting this, they are. ​ >When they raise prices this year, and people's subscriptions renew without CURI having to give a cut to referrers, it should boost their revenues. Revenue is expected to grow to roughly 100m, so assuming they don't get any more subscribers (which would already be a bad sign), that's just going from 3.50 to 4 bucks per customer, which is truly underwhelming. ​ >Content spend and marketing spend are 2 forms of expenditures that can be considered discretionary. Yeah, but both of them are very necessary expenditures. And, for a business model like this it's not unlikely that they will have to continue spending on content if they intend to grow or hold their status quo at some point in the future. While discretionary, those are expenditures the company likely needs in order to avert a consistent downward trend at any point. I also wonder: Do they own all of their content? ​ >Shares outstanding has been constant for the past year Yeah, and they have been diluting MASSIVELY before that. Looking at the amount of cash they burn, it really is a simple equation that they will likely have to dilute further within the next couple of years. And considering they're at a point where they're focussed on growth, that may come sooner rather than later, especially with issueing shares being cheaper money than taking on debt right now.
> I don't know the company, but looking at it on the surface it's nothing more than most of the "growth" stocks circulating here. A cash burning, high risk play on the speculative side, a market cap that can be moved by certain Youtubers or subreddits as well. And a company that really doesn't look anywhere close to being a buy. It's nice they're committed to being profitable by 2023, but they're not expected to get anywhere near that by the looks of it. IMO, they are shifting from growth to value at this point -- both in their valuation and in their strategy. They are priced almost at their cash value. As mentioned by OP, their two largest expenses (content and marketing) are largely discretionary, and mgmt has said they'll take their foot off the gas pedal and focus on profitability. Basically they are priced at cash value, have a massive content library built, and will pull in revenue from 24m users (hopefully) for several years. To do so, they won't need to spend much on new content or marketing. So from my perspective, a very large % of the lifetime revenue they get from their 24m subs is just pure upside. (To me, that's value.) > Another concern of mine would be the niché they're in. There are many benefits to "factual content". It's cheap to produce, has a long shelf-life, and as you mentioned... it's not reliant on "hits"... it's instead reliant on intellectual curiosity. This market is definitely smaller... but with a market cap that's $4 x #subs... does it need to be a big market for this stock to appreciate in value? Given what I stated above, pulling in $4 in profit from 24m subs is a cakewalk. > Their price for a yearly subscription is 20 bucks, but apparently there aren't many people paying that. So what's up with that? This is something I've wondered as well. I believe a lot of their "subscriptions" are not DTC $20/yr type (more likely $12/yr, that's been their promotion price quite often), but instead from partnered packages. Eg, subscribers to other VOD services that include CURI content.. and so they'll get a smaller portion there. I'll try to find more info on that. I think they also spread the annual fees across four quarters, and since sub count has grown a lot in the last year, then most recent subs' revenues will come in the future quarters. Anyway, they are making a concerted effort to target higher ARPU subs and I think they said they're showing progress and optimistic on that front. They expect revenue blend to shift towards higher ARPU.
>I'm not sure this is the place for penny stocks/microcaps (see Rule #7), but I do rate the attempt to put together a DD. A year ago they aren't a microcap or a penny stock, I find it ridiculous to consider them one when they're in a better spot than they were a year ago. >What's more, considering their actually pretty decent subscriber base (which is absolutely higher than I expected), they seem pretty terrible at capitalising on that. 24 million subscribers and roughly 80m in revenue? That's like 3.50 bucks per subscriber. That's concerning. Their price for a yearly subscription is 20 bucks, but apparently there aren't many people paying that. So what's up with that? From what I can tell, it has to do with promotions. They have a bundle with Nebula and a referral program with youtubers, I assume that they probably give a cut of the initial subscription to the referrer and Nebula. When they raise prices this year, and people's subscriptions renew without CURI having to give a cut to referrers, it should boost their revenues. >Not to forget about their terrible OPEX either. How do you expect them to get that down when it far outweighs their entire revenue? How do you expect them to become profitable? I expect revenue to continue growing, but their expenditures are a combination of content spending, marketing, and of course administrative. Content spend and marketing spend are 2 forms of expenditures that can be considered discretionary. Spending more is what's driving growth, and can provide a return over time, but it can also be cut if cash flow becomes essential. As for actual overhead(maintaining the platform, HR, accounting, etc), I think that can be held somewhat constant. They can slow down on hiring, and their revenue growth should make this less of an issue over time. >They've also been massively diluting shareholders, and looking at their performance they likely will continue to do so within this year, next one the latest. Shares outstanding has been constant for the past year and they're forecasting no further financing activities https://www.macrotrends.net/stocks/charts/CURI/curiositystream/shares-outstanding
Shares outstanding seems to be constant throughout 2021 and they aren't expecting any further financing activities https://www.macrotrends.net/stocks/charts/CURI/curiositystream/shares-outstanding
Quick look on CURI says market cap is like 100 million and they have 80 million in cash? But they are hemorrhaging like 70 million a year away...