Kevin Mak, CFA, Founder of Creek Drive Capital and Teacher at Stanford University of a course called, Financial Trading Strategy, discusses his thesis on Pagaya Technologies (NASDAQ: PGY), a company that uses big data and AI to look at people's credit scores and look at people's different credit factors to determine whether or not they are more credit-worthy than what would be otherwise seen in this traditional lending system.
Link to Kevin's $PGY articles on Seeking Alpha: https://seekingalpha.com/author/kevin-mak-cfa
Twitter: https://twitter.com/KevinLMak
Chapters:
[0:00] Introduction + Episode sponsor: Stream by Alphasense
[1:42] Business overview of Pagaya Therapeutics $PGY and why is it interesting?
[7:31] What is unique about $PGY's business model
[10:11] $PGY valuation
[14:30] Why is the short interest high?
[16:21] $PGY capital requirements and addressing red flags
[21:16] $PGY business quality
[31:38] $PGY bull case scenario and what the company is projecting / Upstart comp
[38:08] Making sense of $PGY's recent financial performance
[44:00] Does $PGY have a data advantage compared to their peers / Acquisition of Darwin Homes
[49:34] Single-family home business
[51:26] Oak HC/FT investment in $PGY
[54:50] Kevin's background and his Stanford course
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