Blubuzzard, Inc.
BZRDdata completeness 50%5 fiscal years on fileData notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'
i. The business — what you’d actually own
| Figure | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Net income | −$5,8551 | −$15,2222 | −$40,3682 | −$38,2693 | −$33,4743 |
| Operating cash flow | −$3054 | −$12,0224 | −$40,1505 | −$46,0376 | −$34,6746 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | — | — | $827 | — | — |
| Diluted shares | 72.9M | 729.5M | 729.5M | 729.5M | 729.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0
your share of equity
Profit it earned you last year
−$0
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$0 of net worth that earned you −$0 last year.
iii. Is this a good business?
Moat signal · return on equity
— avg · 5y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
+900% shares · 5y
Share count is up 900% over 5 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
iv. What it’s worth —
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K · period ending 2018-12-31 · accession 0001599916-20-000080 (NetIncomeLoss)
- 10-K · period ending 2019-12-31 · accession 0001599916-22-000104 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001599916-23-000072 (NetIncomeLoss)
- 10-K · period ending 2018-12-31 · accession 0001599916-20-000080 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2020-12-31 · accession 0001599916-22-000104 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001599916-23-000072 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2020-12-31 · accession 0001599916-23-000072 (CashAndCashEquivalentsAtCarryingValue)