Today’s Stock: Angel Studios, Inc. (ANGX)Today’s Stock: Angel Studios, Inc. (ANGX)

Angel Studios, Inc. operates as a media and technology company. The company produces and distributes films and series; and releases licensed films or shows. The company's platform allows users to watch movies, shows, and documentaries for all ages through its streaming platform.

It also offers apparel, DVDs, Blu-rays, books; direct online store for Angel Studios themed products and wholesale products to retail partners; and content licensing services. In addition, the company provides Angel Guild memberships; theatrical ticket presales; theatrical distribution; theatrical pay it forward; and merchandise services. The company was formerly known as VidAngel, Inc. and changed its name to Angel Studios, Inc. in March 2021. Angel Studios, Inc. was founded in 2013 and is based in Provo, Utah.

My Thoughts 💭 My Thoughts 💭 

I heard about Angel studios a long time ago.

They did the bitcoin pod circuit which showcased their animated show Tuttle Twins. A show that is based upon conservative values for kids.

They also released movies about Christianity which had success at the box office. On these pods they mentioned how they use Bitcoin as their treasury asset.

I had no clue they went public until I saw their name on the Bitcoin Treasuries website and noticed they have a decent stack of bitcoin. So I decided to add this stock the the stacker stocks portfolio! Now let’s do a deeper dive of the fundamentals

At 4.3k sats per share ($68,964), and no dividend, investors may only see a return of the company hits its growth targets or the company starts to buy back shares.

The company trades at a PE -3 which means investors are paying $3 access $1 of losses.  Currently the company is not profitable.

Let’s review some key fundamentals to determine if this stock is worth spending sats on.

PE:PE:

Expected Growth:Expected Growth:

Revenues and expenses:Revenues and expenses:

Balance Sheet:Balance Sheet:

Dividend:Dividend:

No dividendNo dividend

Bitcoin per share:Bitcoin per share:

##  Ownership breakdown :

Leadership:Leadership:

The fundamentals of this company are very weak.  The balance sheet is bad, while revenues have grown operating expenses have grown faster than revenues, and the company isn’t profitable

A few positives include the growth prospects are strong (projected to grow earnings quicker than bitcoin), the ownership appears to be underpaid, and most of the shares are owned by the general public.

From a Bitcoiner perspective. Paying 4.3k sats for one share is cheap. The stock is high risk, high reward. As more people turn to traditional/conservative values Angel can capitalize on the changing American culture. But if they have any hopes of becoming profitable they have to control that operating expenses.

For 4.3k sats it’s worth a gamble to buy a few shares.

Here is the performance according to Simply Wall Street

It has been a rough start right out the gate but I don’t mind using my capital to support a company that follows my own beliefs. They are putting out a positive message as it pertains to Jesus and how to live a moral life based upon the ideals on which America was founded on.

Bull case:
Media and movies is a brutal industry but if they keep up with the high quality works they should be able to capitalize and bring value back to shareholders and because they hold Bitcoin they will have a chance to use that capital wisely to drive more growth.

Bear case:
They can’t control costs and fail to grow beyond being niche. They start to sell down their bitcoin to pay off debt or to fund projects that flop.