🟢 [E556] Opened short position in CRWV. Wrong balance sheet for business - immensely levered taking 10-15% debt to buy assets that depreciate in 3-4 years. Interest expense eating profits entirely. Unit economics either deeply loss making or razor thin margins.

🟢 [E1429] CRWV relies on leases and companies they lease from showing stress. One data center already delayed and CRWV cut guidance - equipment sitting idle depreciating.