Nice analysis and thank you. I believe WE is benefitting from a combination of marketing and post-Covid trend towards hybrid work. It is show me story and looks like a lot of volatility ahead. Agree, IWG is a better bet. I’m more perplexed by SFTBY. Stock price continues to flounder and has not benefitted from the WE turnaround. Additional catalyst of ARM sale to NVDA or if that fails, spin-out/IPO, appears to be discounted. Have you looked at SFTBY - massive discount to NAV?
Nice analysis and thank you. I believe WE is benefitting from a combination of marketing and post-Covid trend towards hybrid work. It is show me story and looks like a lot of volatility ahead. Agree, IWG is a better bet. I’m more perplexed by SFTBY. Stock price continues to flounder and has not benefitted from the WE turnaround. Additional catalyst of ARM sale to NVDA or if that fails, spin-out/IPO, appears to be discounted. Have you looked at SFTBY - massive discount to NAV?