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Fastly Shares Correct And Wider Implications (NYSEFSLY)<br/>Investment ThesisFastly's (FSLY) stock sell-off is not a reason to react. The stock retraces its steps to where it was about a month ago. Meanwhile, the stock is now priced at approximately 42 forward sales, which is in line with its close peer. All considered, while there's a lot to like about this investment, I contend that investors would do well to be prudent and hold rather than to rush and buy. There are old investors, and there are bold investors, but there are no old bold investors.--Howard MarksFastly's Guidance is Cut, Q3 2020 Results UpdatedSource: author's calculations, **high-end company guidanceTwo noteworthy aspects emerge from Fastly's updated guidance. Firstly, that the company's growth rates are not quite as strong as many were pricing in (more on its valuation later). Investors should now be pricing in 43% y/y revenue growth rates at the top end, assuming Fastly comes in at the high end of its negatively revised guidance. Secondly, it now appears the case that the whole digital acceleration is not quite as beneficial as many investors were pricing in. Why? Because if look back to 2019, even in Q4 2019, before COVID, Fastly was already growing at that point, at 44% y/y. Thus, altogether, this does away with the whole thesis that Fastly's prospects are benefiting from the world's digital acceleration. Or better said, the degree to which Fastly is benefiting is less than many would have thought, and indeed, less than many had been pricing in. In fact, admittedly, at one point in August, I too was long this stock. Time to Put Everything into PerspectiveThe first rule to deal with this sort of situation is not to make any bold rushed moves. If bulls are firmly set on owning Fastly's long-term growth story, then they should not be looking to sell into the bad news. In fact, it's bad practice to sell into bad news. It's at these exact moments, being able to go beyond reaction and towards responding that differentiates investors in the bull market. Because, during the bull market, everyone is a genius. Looking out wider, at least from the after-hours reaction, I do not see reasons to believe that this isolated instance is having any contagion effect on other stocks, such as Cloudflare (NET). However, this does generate questions on everyone's favorite metric: Dollar-Based Net Expansion Rate. Source: Investor PresentationRemember, every investor (myself included at one point) is paying a large premium here for Fastly's ability to have such strong net expansion rates, well above 130%. However, now it transpires, that enterprises may actually be feeling the constraints more than we were lead to believe. As we can see in the press statement, TikTok's (BDNCE) was lower than expected.
Fastly Shares Correct And Wider Implications (NYSEFSLY)

3:1, 95K Views
FWF Videos
Double Cross - Gunah | First Time | (2 6) | FWF Videos

7:53, 1.9M Views
Blockers (2018) - Daughter's First Time Scene (8 10) | Movieclips

2:34, 93M Views
The exciting household story of Jalebi is about Sweet n Sour family relationships, a son with two wives and his mother.<br/><br/>Haris is a city boy who marries a young working girl of his choice and marries a second time to a desi village girl upon his mother’s wishes.
Jalebi Episode 82 – 17th October 2020

20:55, 85K Views
The Guardian
The children trapped in Bangladesh's brothel village

11:53, 3.2M Views
Full On Entertainment
II First Night II Suhagrat II #firstnight #desisuhagrat #fullonentertainment

12:50, 1.2M Views
In this video I have explained about muscular dystrophy and its homeopathic combination formula medicine effective in treating muscular dystrophy <br/><br/>WhatsApp no. 9837616428<br/>drashfaque khan phd
Muscular dystrophy and its homeopathic treatment! drashfaque khan phd

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Pocket Films - Indian Short Films
Father And Daughter Short Film - Vivash (helpless) | Hindi Short Film

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Gir Gau Krushi Jatan Sansthan - Gondal
Gir Bull Breeding Gir Cow First Time | पहली बार गीर बछड़ी गीर नंदी से कैसे गाभिन होती है

5:54, 2.9M Views
Chipotle is giving away burritos this Halloween.<br/>Business Insider says it is part of a buy-one-get-one-free Boorito deal.<br/>Customers can redeem the deal via Chipotle's app or website.<br/>This year, Chipotle will not require customers to dress up to get a free burrito.
Chipotle Is Giving Away Free Burritos

0:27, 30K Views
Fun Time
Cat meeting first Time so panic || Hard Cat meeting

1:8, 3.2M Views
Health Myntra
How To Break Girl Seal First time in Hindi |लड़की की सील कैसे तोड़ें बिना डरे आसानी से #jyotiBasu

3:38, 2.7M Views
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