RS
Reliance, Inc.
stock NYSE

I think this is a pretty thoughtful read. I ran **$BSX through the V8Q** engine because the setup looked tempting, and the business case is stronger than the chart right now.
As of **Sept. 10, $BSX is around $43.27** — roughly **60% below its 52-week high** and only **2.5% above the low**. Technically though, it still hasn’t proven the selling is over: **5D -6.5%, 21D -10.9%, 21D RS improvement slightly negative, no higher low, drawdown not yet stabilizing, and up/down volume around 0.96**.
The business still looks healthier than the chart.
The cyberattack hurt Q3/full-year guidance, but distribution is back at or above normal levels and most manufacturing is running again. **Oct. 28 earnings** is the next major catalyst/risk event.
So my read is: **I like the company more than the setup right now.** I’d want to see the lows hold, a higher low form, RS turn positive, and price start reclaiming the \~$49 20-day area with better volume. I’d rather be a little late than catch another leg down.

Yeah, although I wouldnt be nearly as upset about an RS as most in this environment.
If they RS'ed to get their share price to investment grade pricing above $5, than they could really move quite a bit.

Agreed, as long as they don't dillute/RS and scale up Reno outpost asap. If so, we'll see $1.25+ by EOY

We are about to hit $.10 pre RS lol

What’s the deal the the RS? If so, will the SP go up or down?

If what’s coming falls into place the dominoes of other catalysts should fall right behind.
The RS is bullshit and not needed as the catalysts will address both stock price as well as eyes on sndl. Don’t kid yourself the market is aware of SNDL - they have a long list of institutional ownership participating from what has been shared - what’s needed is the final ruling.
Pump the brakes ZG and let the business perform while you simply execute

I had a beautiful girl 6 months ago on the hook who worked there.
She even drove a fucking GT3 RS.
Couldnt stand her.
She had Claude Mythos 2 days after release.
So my answer is yes.

Can we move on from comparing to previous RS

i commented before but my data was wrong so i got the latest data and run various calculations on the stocks via notebook lm as per value analysis things look good . now the speculation part and technical i am not very sure
COMPACT SUMMARY TABLE & CORE DECISIONS
|Decision Factor|Result / Classification|Key Metric & Context|
|:-|:-|:-|
|**Business Quality & Moat**|**WIDE MOAT**|**18.5% ROIC** vs \~8.5% WACC; GLN Network Effects & Switching Costs|
|**Growth Trajectory**|**STABLE / ACCELERATING**|**+14.74% YoY** Q1FY27 Revenue Growth (**$193.6M**)|
|**Earnings Quality**|**HIGH QUALITY**|**1.635x OCF/Net Income**; Receivables growth **-7.84%** vs sales growth|
|**Solvency & Distress Risk**|**SAFE ZONE**|**Altman Z-Score > 11.0**; **-$368.9M Net Debt** (Net Cash)|
|**Valuation & Multiples**|**DISCOUNT**|**25.0x P/FCF** vs **34.4x 5-Yr Median** (**27.3% discount**)|
|**Intrinsic Value Range**|**$65.00 – $89.50 – $115.00**|Bear: $65.00 | Base: **$89.50** | Bull: $115.00 (Valuation Confidence: **HIGH**)|
|**Current Price & Safety**|**$75.60**|**15.5% Margin of Safety** to Base Case (**MODERATE**)|
|**Market Expectations**|**PESSIMISTIC**|Price implies **8.5% Revenue CAGR** vs **14.7% historical execution**|
|**Capital Cycle Dynamic**|**FAVORABLE**|Consolidating industry capacity via bolt-on SaaS acquisitions|
|**Trade Expectancy & Size**|**POSITIVE (4.48R)**|**4.48R** Risk/Reward ratio; Max size **\~24.3%** ($1,000 risk at $3.10 stop)|
|**Technical & RS Trend**|**CONSOLIDATING / DAMAGED**|Price **$75.60** vs **$77.72** 50/200-SMA; ATR-14 = **$1.11**|
|**Value Trap Risk**|**TRUE VALUE**|High growth, net cash, wide moat; not a value trap|
|**Data Lineage Integrity**|**HIGH CONFIDENCE**|Primary SEC Filings reconciled with Harvester Point-In-Time log|

here are some of my thoughts , its sold at a premium right now ,market sentiments seems poor for long this is overbought
Forward P/E 48.2x; EV/EBITDA 28.5x; 84th Percentile in Application Software
its not a value stock which is ok many are not so every thing else seems ok
|Decision Factor|Result / Classification|Key Metric & Educational Context|
|:-|:-|:-|
|**Business Quality & Moat**|**WIDE MOAT**|**11.8% ROIC** vs **8.5% WACC**; global logistics network switching friction.|
|**Growth Trajectory**|**STABLE**|**+13.8%** TTM Revenue Growth YoY; **+14.2%** latest quarter YoY.|
|**Earnings Quality**|**HIGH QUALITY**|**1.62x** OCF/NI conversion; **-3.1%** receivables delta; zero shenanigans detected.|
|**Solvency & Distress Risk**|**SAFE ZONE**|Altman Z-Score > **8.50**; **-$324.5M** Net Debt (**0.0x** Net Debt/EBITDA).|
|**Valuation & Multiples**|**PREMIUM**|Forward P/E **48.2x**; EV/EBITDA **28.5x**; **84th Percentile** in Application Software.|
|**Intrinsic Value Range**|**$61.50 - $82.00 - $108.00**|Bear (**$61.50**) - Base (**$82.00**) - Bull (**$108.00**); Valuation Confidence: **MEDIUM**.|
|**Current Price & Safety**|**$98.50**|Margin of Safety: **NONE (<0%)** (**-20.1%** discount to Base Case).|
|**Market Expectations**|**EXPECTATIONS REASONABLE**|Price implies **\~15.5%** 10-Yr Revenue CAGR vs Guidance EBITDA target **40-45%**.|
|**Capital Cycle Dynamic**|**FAVORABLE**|Low industry supply risk; CapEx **2.37%** of revenue; disciplined M&A.|
|**Trade Expectancy & Size**|**POSITIVE (3.0x R)**|Risk Stop **$93.50** ($5.00/sh risk); Max Position Size **200 shares** ($19,700).|
|**Technical & RS Trend**|**HEALTHY**|Price above 20 EMA (**$96.80**), 50 SMA (**$94.20**), 200 SMA (**$89.10**); RS **+8.3%**.|
|**Value Trap Risk**|**NOT A VALUE STOCK**|High-quality growth stock trading at premium multiple.|
|**Data Lineage Integrity**|**HIGH**|Reconciled SEC filing primary data vs secondary feeds score **HIGH**.Decision Factor |

RS 1 for 2 to 1 for 10 would make the share price lower?

I am in with 50 shares. Why 50? Because of the RS.

With the share price stuck under a dollar the debt overhead, and no (truly) good news to announce, the immediate effect of the "far more dilution" you are speaking of would have plausibly sent them close to the 10 cent threshold. Avoiding this cliff isn't about confidence, it's about making a prudent fiduciary decision.
It's probably possible that they could have handled the path to the RS more gracefully, but I still find it astounding how many people think this was an optional decision for them. I'm sure there would be plenty of aggressive Monday morning quarterbacking had the opposite decision been made, and mvis got delisted. "why didn't they do an RS?! Glen is so stupid not to have seen this coming?!"

[https://app-us.ff.com/ff-v3/news/1611](https://app-us.ff.com/ff-v3/news/1611)
I think I've covered the most non-news last week, and Jia simply **sugarcoat** all of them again.
**At this stage, we all treat weekly report as stand-up comedy show.**
① FF EAI Robotics set a new monthly sales and shipment record in August, reaching 552 units cumulatively
**Always hit new record, actual number? 158 units, laughable.**
**Remember FF need to sell 100,000 units this year at least to break even**
**Even to meet 2,000 units target, this is far from enough.**
② FF‘s in-house EAI Brain entered engineering testing and delivery
**Whatever you say boss, in the past few months FF showed nothing indigenous, only talk talk talk EAI EAI EAI, in the end everything is from Agibot.**
③ FF canceled all warrants related to its March 2025 financing, eliminating approximately 57.48% of potential dilution
**Cancelling worthless warrant and sugarcoat it as "dilution elmination", yet FF has issued 60% more commonstock after Q2 since RS, which Jia would never mention.**
④ FF AI-Robotics signed a consulting services agreement with AIBOT to further support FCC, ICTS, and NDAA compliance and accelerate the execution of its “Built in USA” program.
**Already explained in the previous post, a shameless cash extraction, yet Jia spin it into to a cringy, even "thanks" AIBOT, oh yeah thanks Jerry, good boy.**
What's improved?
he actually put a "Sponsored" disclaimer on top when mentioning Emerging Growth Research's new rating. But let's all enjoy the paid-comedy:
*EGR maintained its “Buy–Emerging” rating and a 12-month* ***price target of $30****. It also projects that FF’s revenue will grow more than tenfold year over year in 2026, and then more than quadruple again in 2027. EGR also estimates that the global EAI robotics market could reach $3 trillion by 2035. This would give FFAI tremendous room for growth.* 

Honest question, now we are around -60% after RS, correct? So, is there a limit on what value if we go below, the company just disappears?