Palantir: CEO Alex Karp Is Driving Me To Reconsider My Position In PLTR

Steven Fiorillo profile picture
Steven Fiorillo
23.62K Followers

Summary

  • I am no longer super bullish on Palantir due to Alex Karp's commentary on the Q2 call and their slowing growth.
  • Stock based compensation has become a larger problem in Q2 because it's no longer fueling a QoQ growth scenario.
  • Q2 2022 was a mixed bag, but my views on Palantir are changing and Q3 will be critical as Alex Karp said companies don't like doing business with them.
  • I do much more than just articles at Barbell Capital: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Business Leaders Converge In Sun Valley, Idaho For Allen And Company Annual Meeting

Scott Olson

I was a Palantir (NYSE:PLTR) super bull until the morning of 8/8/22, when PLTR held its Q2 2022 earnings call. PLTR's Q2 results were mixed, with some positive and negative aspects, but Alex Karp's commentary was harmful to PLTR's public

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This article was written by

Steven Fiorillo profile picture
23.62K Followers
I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking Alpha or https://dividendincomestreams.substack.com/

Disclosure: I/we have a beneficial long position in the shares of PLTR, AMZN, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

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