Reported 6 months ago
While billionaire hedge fund managers like John Overdeck, David Seigel, and Michael Burry sold shares of Toast (NYSE: TOST) stock, reducing positions or selling out entirely, the article discusses the company's operations, financial performance, and investor perspective. Despite Toast's growth and potential, concerns about ongoing losses and challenges in scaling without increased expenses are noted, emphasizing the different investment goals of hedge funds versus individual investors. The article ultimately suggests that purchasing Toast stock may be a long-term bet requiring patience, contrasting hedge fund strategies with retail investors' perspectives.
Source: YAHOO