Small Investors Should Use Tax Wrappers for Yext Tender
$YEXT spread for an odd lot tender at low end of Dutch Auction range is now ~$50 on ~$520 deployed for ~10 day capital lock-up. This is the stuff small investors should locate within tax wrappers to maximize after tax compounding. Expiration extended from 3/12 to 3/18, DYODD:
Reserve Claude for Complex Tasks, Use Perplexity Pro for Queries
Pro-tip (or at least something I as a user concluded): Use Perplexity Pro to handle most Sonnet queries (w web grounding), and reserve your direct paid Claude quota for Opus-level tasks or pure LLM work where you don’t want search...
Tax Wrappers Are Cheat Codes, Not Indexing Tools
Tax wrappers (IRAs, HSAs, etc.) are cheat codes for arbs & special situations. Active investors using them as indexing & long-term only vehicles are sabotaging their risk adjusted after tax returns. https://t.co/HDlplC0mGI
Mispriced $MLCI Offers Second Chance at $5
Sometimes Mr. Market hands you a mulligan. I got clipped tendering $MLCI from the wrong zip code, then got a second swing at $5.00 after the board itself paid $9.43. I wrote up the mispricing, the mechanics, and...
Probabilistic GDOT Analysis Shows Inevitable Math Outcomes
Just published a writeup on $GDOT, the math is inevitable. (I am being playful, the math is probabilistic. DYODD, see disclaimers in my post, linked below:) https://t.co/ZjGJRg0ROs
STUB Trades at Deep Discount Despite Strong Margins
Took a $STUB starter this morning. At ~$9/sh, EV of ~$3.4B represents ~8x 2026 EBITDA guide MP & ~22x RR FCF. Regulatory resale (~10% GMS) risks appear discounted. This is deeply discounted to any reasonable comp set for a scaled marketplace with...
GRV
$GRVY going negative EV again despite governance reform & an activist at majority owner GungHo may lure me back in as Kospi gets gutted https://t.co/G956qY7aXY
Turned Defensive Tactics Against Misaligned Controllers
"Prophylactic measures" are typically what boards use to defend against activists (e.g., poison pills, staggered boards, etc). With $MAPS I flipped the script. In the presence of controllers with misaligned incentives, I had to deploy prophylactic defenses to box the board...
Wholesale Options Signals Reveal Crucial Market Fundamentals
Even if you're not an active single name options market participant, ignoring wholesale the signals & pricing in those markets can be tantamount to ignoring fundamental developments.
VSNT Q4: Lower Dividend, $1B Repo Boost, Upside Potential
Just gonna repost this $VSNT thread alongside the 4Q25 results. Dividend a bit lower than I expected ($0.375, ~4.5% yield on close), $1B repo authorization is a nice carrot tho. ST upside from staying below R2K incl. threshold by 4/30 rank day. IR...
Docebo's Net Remains Strong Despite Withholding Tax
If you haven't picked up these odd-lots yet there's still time to next week. Docebo's net should be nice even with some withholding tax headwinds. See details & disclaimers in my 'stack post:
Unexpected $LE Dip, but Solid IRR Outlook Before Q4 Earnings
Surprised to see $LE dip so much the past few days. No news afaict. I'm not allocating more here presently given current size, but seems a solid expected IRR special situation as we approach the 4Q earnings where presumably management...
Insider Take‑Private Looms as Settlement Clears Weedmaps Squeeze‑Out Path
No Cheap Squeeze-Outs: My Process Letter to the Weedmaps Board The settlement AIP cleared the path for insiders to strike. With a renewed take-private looking imminent before the proxy, I just served formal notice to the $MAPS Special Committee. See full presentation,...
Undervalued Stock <
Imagine selling a security barely above net cash because of industry overhang/listing deficiency while it trades at <2x EV/TTM FCF with massive impending regulatory tailwinds? https://t.co/HZIgUsuHYT
Avoid Massive Drawdowns: 99.99% Loss Needs 9,900% Gain
For the avoidance of doubt the marketer cited a 99.99% loss, which requires a 99,900% gain to get back to breakeven. Start w 100 drop 99.99% = a penny To return to 100 from 0.01, you capital must increase 9,900-fold. Avoid big drawdowns....
MLCI Could Hit $8, Offering 55% Upside
Gemini's view on $MLCI's 10b5-1 impact post tender heading into their next quarterly update in March. Getting back to 0.75x BV after these assumptions would put the stock at nearly $8... which sounds miles away (+55%) and yet would still...
