@JustTradingHoy @Mickf2022 Thanks for the comment.
Last time I checked $QXO has $3B in cash on the books, not that they need it with the accretive acquisitions.
Also wanted to clarify I don't think $QXO priced at $15 a share is a shred of fair value, any more than I thought V was fairly valued at $44 a share, MA at $38 a share, HD at $12, RXO at $20, etc. :) Sorry if my post conveyed that in any way.
$QXO is 45 percent off this year's highs, and currently trading at a $15.4B market cap. :) That market cap is stunningly less than $BLD, $BECN and Kodiak's revenues this year and last. Also lower than $BLD's acquisition price. $QXO is currently priced 35-100+ percent lower than private investor raises, employee RSU cost basis, etc. The market cap is so low I had to do a double take and question if the numbers I was looking at even included the $BLD acquisition. Those are just a few reasons I think it's deeply underpriced. Again, apologies if my post conveyed otherwise and thx for commenting
$QXO $QXO EPS and Revenue targets per Refinitiv's 8/11/26 report. Notable the estimates should include pro-rated values for Kodiak (9 months) and TopBuild ($BLD)(6 months). The breakdown is in the third graphic.
This is just one source for the street's earnings expectation tomorrow. Hope this helps someone here today. As always, GLTA.
$QXO Anyone know why this is STILL trading at a $15.2B market cap? :) I knew the highly accretive, TopBuild ($BLD) cash cow acquisition wouldn't be reflected in this earnings report, but didn't think the stock would be trading as if $QXO only includes $BECN and Kodiak. :) Didn't $BLD employees and investors who stayed with the stock through the merger just get $QXO shares at a $20.2 cost basis? Maybe one of the analyst's will ask why the stock's trading so far below that and 1/2 the target consensus on the call tomorrow. TBD....
Whatever the case, wish everyone the best with your positions.
$QXO $QXO's $14.3B current market cap is lower than $BLD's acquisition price and $4B+ lower than the $18B + revenues $BLD, $BECN, and Kodiak made last year. :)
$QXO Anyone see $URI today? Another one of Jacob's former proteges hitting all time highs today on a double line beat and raised guidance. That stock went from $14-$48 a share from 12/15/97 to 7/20/97 and they made $489.8 MILLION in revenues that year. They just raised their FY26 revenue guidance to $17.5 to $17.8 BILLION. Congrats if you own that one.
With TopBuild ($BLD), $QXO's acquisitions made $18B+ in 2025.
$QXO Just for fun, $QXO's 12/18/26 max pain is still reflecting $BLD options at $580: https://maximum-pain.com/options/QXO It's based on 5 contracts. :)
Like all the other financial sites, I'm sure the stats will catch up soon. Nice reminder though.
@CCsuperstar @ContrarianLife No one who held $BLD shares got $500 for their shares. Also consider the delay between the time the deal closed and those shares were finally deposited into their accounts. Employees also can't short and are subject to vesting lock ups.
@CCsuperstar @ContrarianLife Just look at the cost basis on the $BLD shareholders newly acquired/converted $QXO shares. Why would they sell their $QXO shares for a loss instead of simply waiting for the recovery?
$QXO is going down due to the continued selling by $BLD shareholders. 90% voted for all cash. Because of terms of the deal, many were forced to take half cash, half stock. They are selling the stock. 312M shares were issued. Figure around 90% are being sold and have been shorted against before that. That is where the pressure is coming from mainly, and we probably have close to 80M shares left to be sold. Institutions can't sell right away, many have to wait til month end or quarter end but rest assured they are selling $QXO. Sure, the building materials companies are in the shitter, but this is an out-sized move on $QXO, that's the $BLD selling shareholders. Also, watch the last two major interviews Jacobs gave, he said in both "The Iran War" we need that to end. That war is causing rates to go up, which hurts $QXO in two areas but mainly the debt interest rate, the money he borrowed to buy $BLD, and of course residential and homebuilders. Hope this helps.
@Cda2969 Seems like $BLD shareholders who wanted to sell would've sold before July 1, 2026. If they are selling today, they'd be selling for significant losses.
@bearwithme23 Wow. It is! Thank you for pointing that out. Just to illustrate how insane that is, $BLD's TTM book value was $85 a share when it traded up to $559 a share the day this acquisition was announced. BLDR's book value is 37 and FERG's value is $30. FIX book value is $80, while the stock trades at $1718 today. Stunning QXO is trading at these levels.
$QXO $QXO POC is $17 a share. :) Anyone have a guess why it's hitting 52 week lows today? $BLD employees shares should be locked up and investors would be insane to sell at these prices. TIA.
@JustTradingHoy @awrong While it's still pretty dirty and disgusting the TopBuild, Beacon, and Kodiak employees who were locked into $QXO shares that are so far underwater in such accretive, mature profitable company mergers, check out the vesting dates for the new hire RSUs: https://www.sec.gov/Archives/edgar/data/1236275/000123627526000016/xslF345X06/wk-form3_1783027995.xml
https://www.sec.gov/Archives/edgar/data/1236275/000123627526000018/xslF345X06/wk-form4_1784319269.xml
They bode well for some $BLD employees/investors being made whole (or at least breaking even) if $QXO stock comes even close to trading at the lowest Refinitiv analyst's $25 target:
With a $17 POC, not sure why any $QXO investors even needed to take such a significant short term hit on the deal closing when compared to other acquisitions in the space.
