原文：
Serenity 白毛女-中文翻译（公开）
Serenity 白毛女-中文翻译（公开）
原文：
I've seen comments from Jim Cramer today supporting hedge funds that short Leopold's "nonsense" $SNDK / $DRAM / SK Hynix type calls.
As well Cramer calling $CRWD a "Must Buy".
I'm not sure if Jim Cramer sees a $241B company labelled "Cybersecurity" and thinks of it as safe... while ignoring all their fundamentals.
But with Crowdstrike, you have a ~145x FY2028 fwd P/E company, growing revenue 26% Y/Y. That Cramer thinks is a "must buy".
And then you turn your eyes to the AI capex beneficiary theme that Leopold is long on.
With names like $SKHY / Samsung in $DRAM... Both FY2027 ~2.8-3x fwd P/E off analyst projections.
-> Samsung LTAs to 2031 (70% capacity) for durability... -> Minimum price floor + no price ceiling type contracts from SK Hynix.
-> Memory shortage much tigher for the next year.
-> DRAM/NAND % of hyperscaler capex goes higher (est. 68% per Trendforce)
-> 2027 hyperscaler capex projections all hiked.
Then with $SNDK, 50% FCF margins, 80% gross margin projections into 2030.
Only Situational Awareness position I'm in disagreement with is $CRWV due to debt interest eating FCF, but I can make a similar bullish argument with $BE, $INTC, $AMD, and others.
Not quite sure about short-term, but over the medium run:
It's hard to not see Leopold's positions pulling an Inverse Cramer due to overwhelming fundamentals.
翻译：
我今天看到 Jim Cramer 的评论，支持做空 Leopold 所谓的“胡说” $SNDK / $DRAM / SK Hynix 类股票的对冲基金。
Cramer 还把 $CRWD 称为“必买”。
我不确定 Jim Cramer 是否把一家市值 2410 亿美元、标榜为“网络安全”的公司视为安全……却忽视了它的基本面。
但 Crowdstrike 的市盈率约为 FY2028 前瞻 145 倍，收入同比增长 26%。Cramer 却认为它是“必买”。
再看 Leopold 持
I've seen comments from Jim Cramer today supporting hedge funds that short Leopold's "nonsense" $SNDK / $DRAM / SK Hynix type calls.
As well Cramer calling $CRWD a "Must Buy".
I'm not sure if Jim Cramer sees a $241B company labelled "Cybersecurity" and thinks of it as safe... while ignoring all their fundamentals.
But with Crowdstrike, you have a ~145x FY2028 fwd P/E company, growing revenue 26% Y/Y. That Cramer thinks is a "must buy".
And then you turn your eyes to the AI capex beneficiary theme that Leopold is long on.
With names like $SKHY / Samsung in $DRAM... Both FY2027 ~2.8-3x fwd P/E off analyst projections.
-> Samsung LTAs to 2031 (70% capacity) for durability... -> Minimum price floor + no price ceiling type contracts from SK Hynix.
-> Memory shortage much tigher for the next year.
-> DRAM/NAND % of hyperscaler capex goes higher (est. 68% per Trendforce)
-> 2027 hyperscaler capex projections all hiked.
Then with $SNDK, 50% FCF margins, 80% gross margin projections into 2030.
Only Situational Awareness position I'm in disagreement with is $CRWV due to debt interest eating FCF, but I can make a similar bullish argument with $BE, $INTC, $AMD, and others.
Not quite sure about short-term, but over the medium run:
It's hard to not see Leopold's positions pulling an Inverse Cramer due to overwhelming fundamentals.
翻译：
我今天看到 Jim Cramer 的评论，支持做空 Leopold 所谓的“胡说” $SNDK / $DRAM / SK Hynix 类股票的对冲基金。
Cramer 还把 $CRWD 称为“必买”。
我不确定 Jim Cramer 是否把一家市值 2410 亿美元、标榜为“网络安全”的公司视为安全……却忽视了它的基本面。
但 Crowdstrike 的市盈率约为 FY2028 前瞻 145 倍，收入同比增长 26%。Cramer 却认为它是“必买”。
再看 Leopold 持
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