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Investment Strategies / Interesting Microcaps
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Author: ajm101 ✶  😊 😞
Number: of 46 
Subject: 23andMe
Date: 09/18/2024 9:59 AM
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https://finance.yahoo.com/quote/ME

I don't think I need to post a summary, they are I purchased a very small amount of this (think dinner with desserts and wine for four at a nice restaurant), without much though. At $170M it is soundly a microcap, and it has gotten to that status the hard way. It is down 80% YoY, and down 97% from their peak. They are circling the drain, by appearances.

My thesis is pretty simple, their genomics data alone is worth more than their current valuation. And their drug discovery pharmogenetics is interesting, but probably nothing. I'm digging into the finances, but at first glance, their finance are awful. I will probably post and update that I've sold or bought more.
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Author: ajm101 ✶  😊 😞
Number: of 46 
Subject: Re: 23andMe
Date: 09/18/2024 10:19 AM
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I should note, https://investors.23andme.com/news-releases/news-r... is the impetus for this.
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Author: ajm101 ✶  😊 😞
Number: of 46 
Subject: Re: 23andMe
Date: 06/06/2025 3:50 PM
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It has been a journey for 23andMe.

https://finance.yahoo.com/quote/MEHCQ/ now, is hanging around $5.60 after entering bankruptcy.

It is not clear where this will end up but Anne Wojcicki is now in a bidding war with Regeneron. I was out at $2, I've taken my loss and now I'm in it for the drama. Which is substantial.
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