Chip Stock Investor发布 2026-09-03
《Why Oscar Health's 'Great Quarter' Isn't What It Looks Like》
$OSCR看跌
OSCR并不便宜，也不值得买入；对保险公司而言，自由现金流具有误导性，因为资金并非永久留存。
Oscar Health，一家健康保险公司，本季度表现非常出色。他们的收入非常可观。他们的订阅用户基础正在增长。自由现金流为正。一切看起来都很好。
Oscar Health, which is a health insurance company, had a really great quarter. They've got fantastic revenue. Their subscriber base is growing. Free cash flow is positive. Everything looks great.
你如何对那家公司进行反向DCF分析？对于这样的公司，你会使用什么终端增长率？这让我们思考如何着手看待这个问题。
How do you run a reverse DCF on that company? What terminal rate would you use for a company like this? And so that got us thinking about how we would go about looking at this.