IonQ: Turning Bullish After A Disastrous Bear Call (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• IonQ is relying on a lot of M&A to generate revenue growth. But that's okay because the acquisition seems reasonably priced and the new CFO seems adept at M&A.
• Despite 30% higher costs expected, IonQ's balance sheet is in a very healthy position, as it has ample liquidity that gives it funding runway for more than 5 years.
• Some bearish arguments by outspoken bears that express skepticism about the future of quantum computing as a whole seem unconvincing, given strong institutional backing by mega tech companies.
• IonQ is cheaper than other quantum niche stocks. The relative technicals on IONQ, versus SPX500 are also clearly bullish.
• IONQ is highly sensitive to interest rates, but the current dovish macro environment is favorable. Overall, I have bought a small, risk-aware position with FOMO-driven upside expectations.

Read the full article here.