CoreWeave looks like a poor long because its debt now exceeds its market capitalization. x.com 

CoreWeave's debt burden made its IPO dead on arrival, and the burden is even worse now. Debt threatens the equity case. x.com 

CoreWeave's team and those at the table have thought through a structure with enormous precision that is forgiving in many situations. Their money-making record makes betting against the team unattractive, despite earlier skepticism about valuation and the need to go public. A feed full of bears and a falling stock do not change that assessment. x.com 

CoreWeave is a name to avoid because the neocloud model is financial engineering and insiders are hedging. Its CFO sold 30-40% of his shares. @AtlasShrug1 adds that CoreWeave's capital structure is a mess and puts it in the high-risk-of-permanent-capital-impairment bucket despite its large market cap. x.com 

CoreWeave's debt makes its equity hard to justify owning. Long-term debt has risen sharply and far exceeds cash in the attached chart, while enterprise value is more than twice its market capitalization. x.com 

CoreWeave's debt burden is overstated when a single bond's 15% yield is treated as the rate on all its debt. Its weighted-average debt yield is 8.5%, not 15%, undercutting the market's bankruptcy talk. x.com  x.com 

CoreWeave's terrible debt-to-equity ratio undercuts the case, made by @danielisdizzy, that it should trade above Nebius given its larger revenue run rate, $99.4B backlog and power capacity. x.com 

CoreWeave is a debt-ridden stock that will keep chopping investors up, as it has for a year now. x.com 

CoreWeave's 3.2x 2027 revenue multiple makes it one of the most attractive stocks in the market. x.com 

CoreWeave remains a bearish call because of the high-interest debt it is taking on. x.com  x.com