WeWork Resurrection Pt2 | Snippet Finance

We previously mentioned WeWork‘s resurrection.
This was a really great bit of analysis which is positive on the stock ($BOWX).
For one there is this chart from CBRE – flexible work could be the option for lots of companies post pandemic.
WeWork could also pull off their turnaround ($2bn EBITDA targeted, implying EV/EBITDA of 5.8x vs. peer IWG on 9.5x)
The market could also look at the company and its community once again as a platform. It has certainly completed the hype cycle.
Interesting point also on incentives – Management don’t get paid until shares cross $25 and operating cash flow crosses $1.3bn.
Usual caveats apply.