Becker Private Equity & Business Podcast
Grindr, Astera Labs & Stellantis Jeep 3-6-25
Thu, 06 Mar 2025
In this episode, Scott Becker discusses the recent downturn of Grindr, Astera Labs, and Stellantis, highlighting key challenges, market confidence issues, and personal investment lessons.
Chapter 1: What challenges is Grindr currently facing?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Grindr, Astera Labs, and Stellantis. So here's three takes on these three companies that are struggling recently. First, Grindr is getting absolutely crushed today, down about 16% today. They've had 75% turnover of employees since the new CEO took over.
Chapter 2: What are the recent performance issues with Astera Labs?
Chapter 3: What personal investment lessons can be learned from Astera Labs?
That 75% change in turnover is a lot of experimenting with different positions and trying to get it right. That is really challenging. Second, Astero Labs is now down 50% year to date. I care about Astero for two reasons. One, I'm an investor in it through a hedge fund distribution that I got. When I first got that distribution, it was rising like crazy, and I thought I was a genius.
Of course, that changes very quickly. It reminds me again of the Kenny Rogers song, you got to know when to hold them, know when to fold them. I should have folded, it seems like. I did not, and now I feel like his other song, The Coward of the County. It is what it is, a tough day in the market for Astera Labs, again, and for Grindr.
Finally, a third stock getting crushed over the last year is Stellantis slash Jeep. It's now down 53% over the last year. Just a debacle and continues to be a debacle. Again, another cautious outlook. They keep on predicting they're going to get better. It doesn't seem to get better.
That also leads to a vicious cycle of the markets getting less and less confident in their ability to forecast what they say they're going to do. Thank you for listening to the Becker Private Equity and Business Podcast. We'll be back with you a lot more on Friday and Saturday this week, but thank you for listening to the podcast.