In this article, Matt says Cobalt Blue has a $22M market cap. As...

In this article, Matt says Cobalt Blue has a $22M market cap. As we already discussed in this thread, it has a $100M market cap, fully diluted. So we are already off to a great start. In his later article on the top 5 picks, he still has the wrong market cap because he ignores dilution.

No one can verify his model or his estimates because he gives none of the most important numbers in his model. You don't know how he derives his cash flows, or what numbers he sticks there and why. Which of those numbers were guesses? Which of those numbers were based on really solid facts? He just spoonfeeds you the result of his analysis, which given that he has yet to publish a correct market cap once, isn't leading me to a confident place.

You can believe whatever you want to believe. But I don't want to be spoonfed anything. I want to derive my own estimate from scratch, and I already gave you an example of how to do that. I think there are people in this group who know some of those numbers, and we could have a good discussion around that. Guessing at the EBITDA, in particular, would be a great fact-finding discussion to have.