Today’s Stock: QXO Inc. (QXO)Today’s Stock: QXO Inc. (QXO)

QXO, Inc. distributes roofing, waterproofing, and other building products in the United States. It offers asphalt, metal roofing, wood roofing, tile roofing, slate roofing, roofing accessories, and roofing insulation products; vinyl siding, aluminum siding, steel siding, fiber cement siding, wood and composite siding, trim and accessories, and gutters and accessories; built-up roofing, modified roofing, EPDM roofing, PVC roofing, and low-slope metal roofing; as well as air and vapor barriers, fluid-applied products, repair and protection solutions, and membrane waterproofing products. The company also provides building materials and supplies, such as exterior materials, interior materials, and tools and equipment; and roof hatches and other tri-built building products.

QXO, Inc. was formerly known as SilverSun Technologies, Inc. and changed its name to QXO, Inc. in June 2024

My Thoughts 💭My Thoughts 💭

I have no clue why this stock is on my watchlist. Maybe I threw it on after I fixed my roof?

At 27k sats per share ($91,082), and no dividend. It could be a risk to dump Sats and buy this stock due to the company not being profitable. But it could pay off if it hits growth projections.

The company trades at a PE negative 59 which means investors are paying $59 to access $1 of losses. Company is massively unprofitable at this time.

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This company is still in its growth phase. They are projected to grow 50%+ which is massive! And this why the PE is negative. Value investor will run away from this stock. The balance is in good shape I hope they don’t get carried away with the debt. But the market is buying the growth story with the stock being up 60%+ over the last year. But over a 5 year period it’s down 10%

One share is only 27k sats and if they hit their growth target it will be very similar to bitcoin hurdle rate of 60%. One must ask what is the TAM for this company? Can they grow 2x, 5x, 10x over the next 10-20 years? If you think not then it’s best to just hold on to the sats.

But if you are a big believer in roofing and building materials and want to help them succeed in their business give them your capital by buying their stock!

But for me I am going to pass on this company. I can’t believe this company is paying its CEO $180M+! For a company that is unprofitable! Plus 88% of the float is owned by Wall Street.