u/NicheMath

Author holds BLZE and argues it is undervalued at 1.6x sales with 20%+ revenue growth, ~90% retention, $50M cash, and approaching profitability. The key catalyst is a potential re-rating toward infrastructure software peers at ~6x sales, which the author says implies roughly 3–4x upside, helped by institutional buying if Backblaze crosses market-cap/price thresholds. The main stated risks are dilution from stock-based compensation, flat consumer backup revenue, intensifying competition from Cloudflare R2, decelerating growth, and a short-seller report alleging insider dumping and accounting irregularities that Backblaze denies.

The author argues Acorn Energy, a $50M microcap providing monitoring devices and services to energy generators, is undervalued with a P/E of 7, P/S of 4, no debt, and a CEO owning 20%. The author uses the P/S ratio as downside protection, noting software companies typically sell for a P/S of 6 in private equity markets, implying at least 50% upside, with more potential given growth. The author states they own just over 0.1% of outstanding shares, about 7% of their portfolio, and sees 2-3x upside potential.

The author bought HOOD around $8 when public sentiment was destroyed after the GameStop scandal and many institutions avoided the stock. He argued the market priced it like a dying company despite ~$8B in cash and enterprise value near zero, while he saw a growing company buried under fear.