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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks U / Upstart Holdings (UPST)
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Author: earslookin x2  😊 😞
Number: of 123 
Subject: About that balance sheet
Date: 02/18/23 1:45 PM
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No. of Recommendations: 6
Upstart uses Variable Interest Entities (VIE) for some of its loans.
VIEs came about in reaction to Enron's creative use of off balance
sheet arrangements to hide debt and boost profits.

VIEs come in two flavors: consolidated and unconsolidated. The consolidated
VIEs are included in the balance sheet numbers. The unconsolidated VIEs are
reported in a note. Upstart has a section in its 10-K that reports on both
its consolidated and unconsolidated VIEs (in Note 3 on the 10-K).

I'm not the sharpest saw in the shed. VIEs give me a headache. I found that
ChatGPT was surprisingly quite helpful in understanding VIEs.

Bottom line: the balance sheet for Upstart is less transparent than most.

Ears <long UPST>

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This community has written 123 posts about Upstart Holdings. The article-length ones it recommended most:
Upstart, an introduction · 17 recs · 2022
Upstart's cash burn · 13 recs · 2023
Upstart Breakeven Analysis · 8 recs · 2023
Upstart (UPST) Q2.2023 Forecast · 6 recs · 2023
Q1.2023 Forecast · 5 recs · 2023
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