Now Is the Time to Buy Virgin Galactic

fool2021-05-21

Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-...

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精彩评论

Zanetaghx
2021-05-21
Zanetaghx
Hmm
RichTee
2021-05-21
RichTee
Nice
YKYK14
2021-05-21
YKYK14
Opportunity?
Chinleong
2021-05-21
Chinleong
Virgin Galactic will be growing in a few years as space technology is in the growth demand
- Wins888:
  True
- peakaboo:
  ride the wave
Johnlimwt
2021-05-21
Johnlimwt
Buy for the future ?
DylanKua
2021-05-21
DylanKua
Good

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When stocks are falling, there's normally a reason. But sometimes that reason was a short-...\n\n<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPCE","symbol_name":"维珍银河","start_time":0,"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","article_id":"1194977248","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","pubTimestamp":1621566816,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPCE":"维珍银河"},"translate_title":"现在是购买维珍银河的时候了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPCE":0.9},"content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":139011622,"gmtCreate":1621573381166,"gmtModify":1634187955694,"author":{"id":"3572924792782965","authorId":"3572924792782965","name":"Zanetaghx","avatar":"https://static.tigerbbs.com/00c8d7266d0f1b04eec7f35954d54324","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3572924792782965","idStr":"3572924792782965"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139011622","repostId":1194977248,"repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfool2021-05-21 11:13\n\n</h4>\n</header>\n<article>\nWarren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":139013004,"gmtCreate":1621573195808,"gmtModify":1634187956635,"author":{"id":"3582291091769891","authorId":"3582291091769891","name":"RichTee","avatar":"https://static.tigerbbs.com/6d1b850ce27aa1d55b877917181b0ccd","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3582291091769891","idStr":"3582291091769891"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139013004","repostId":1194977248,"repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfool2021-05-21 11:13\n\n</h4>\n</header>\n<article>\nWarren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":139035966,"gmtCreate":1621572719655,"gmtModify":1634187960741,"author":{"id":"3570779466873256","authorId":"3570779466873256","name":"YKYK14","avatar":"https://static.tigerbbs.com/08fe7b71ba5bb95c642646963d028000","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3570779466873256","idStr":"3570779466873256"},"htmlText":"Opportunity?","listText":"Opportunity?","text":"Opportunity?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139035966","repostId":1194977248,"repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfool2021-05-21 11:13\n\n</h4>\n</header>\n<article>\nWarren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":130747265,"gmtCreate":1621570020757,"gmtModify":1634187989532,"author":{"id":"3559098973692807","authorId":"3559098973692807","name":"Chinleong","avatar":"https://static.tigerbbs.com/6dbcd389c42e41aa06c692b423858c4c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3559098973692807","idStr":"3559098973692807"},"htmlText":"Virgin Galactic will be growing in a few years as space technology&nbsp;is in the growth demand","listText":"Virgin Galactic will be growing in a few years as space technology&nbsp;is in the growth demand","text":"Virgin Galactic will be growing in a few years as space technology is in the growth demand","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/130747265","repostId":1194977248,"repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfool2021-05-21 11:13\n\n</h4>\n</header>\n<article>\nWarren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4412374,"gmtCreate":1621676221737,"gmtModify":1635402765165,"authorId":3573623994106312,"author":{"id":3573623994106312,"idStr":"3573623994106312","authorId":3573623994106312,"name":"Wins888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130747265,"type":1,"supId":0,"prevId":0,"content":"True","text":"True","html":"True"},{"id":4424905,"gmtCreate":1621813807987,"gmtModify":1635401643808,"authorId":3574970544772920,"author":{"id":3574970544772920,"idStr":"3574970544772920","authorId":3574970544772920,"name":"peakaboo","avatar":"https://static.tigerbbs.com/0e48f646ead1b2a6b5e7b8c204d2b68c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130747265,"type":1,"supId":0,"prevId":0,"content":"ride the wave","text":"ride the wave","html":"ride the wave"}],"langContent":"EN"},{"id":130744158,"gmtCreate":1621569885474,"gmtModify":1634187990015,"author":{"id":"3578545886341911","authorId":"3578545886341911","name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578545886341911","idStr":"3578545886341911"},"htmlText":"&nbsp;Buy for the future ?","listText":"&nbsp;Buy for the future ?","text":"Buy for the future ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130744158","repostId":1194977248,"repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfool2021-05-21 11:13\n\n</h4>\n</header>\n<article>\nWarren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":130748537,"gmtCreate":1621569520429,"gmtModify":1621572643784,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578868906408022","idStr":"3578868906408022"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130748537","repostId":1194977248,"repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfool2021-05-21 11:13\n\n</h4>\n</header>\n<article>\nWarren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.<blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote>We're seeing a lot of fear in&nbsp;Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.<blockquote>我们看到了很多恐惧维珍银河（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote>Delays, EMI, and engineering mumbo jumbo<blockquote>延迟、EMI和工程术语</blockquote>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.<blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.<blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.<blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:<blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.<blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:<blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.<blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.<blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote>My biggest worry<blockquote>我最大的担心</blockquote>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.<blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.<blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.<blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote>The bottom line<blockquote>底线</blockquote>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:<blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.<blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1194977248","isCrawlerRequest":true}