Measure LTV:CAC Using Contribution Margin, Not Revenue
LTV : CAC should be quoted in contribution margin dollars, not revenue dollars Insist on margin-based metrics
Spirit Airlines Faces Tonight Shutdown Over Failed Bailout Talks
Spirit Airlines Could Stop Flying Tonight As Government Bailout Talks Fail - View from the Wing https://t.co/J9GAG2Mv1j
Hidden Risks Loom in Bank Loan Portfolios
The Weekly Quill — The Elephant in Bank Loan Books Take your weekly deep dive with us — Danielle DiMartino Booth, Jonathan Basile and QI Research https://t.co/gfQJcgUb1B #federalreserve #powell #dimartinobooth #economy https://t.co/6H7LpTbeKF
Foreign Central Banks Stopped US Treasury Purchases; Domestic Funding Rises
Multiple things are simultaneously true: 1) Foreign public sector (central banks) are not buying US treasuries for over a decade, led by China. 2) Foreign private sector is still buying treasuries. 3) Foreign buying is not keeping up with issuance, so more is...
2025 Funding Demands 30% MoM & 1500% Revenue Growth
Raising capital in 2025? The bar is WAY higher. Even a past exit isn’t enough anymore — investors want serious traction: 👉 ~30% MoM growth 👉 1500% revenue growth Episode 248 of The SaaS CFO Podcast is live 👇 https://t.co/NXvJ9ucWeW #SaaS #Startups #VC https://t.co/VKzYnURKpY
Debt Load Triples, Threatening Medallia’s AI Rebuild
Rising rates and PIK nearly doubled Medallia’s interest payments (see table below) Then taking on even more debt for acquisitions made it nearly 3x. Hard to rebuild for AI with that debt requirements… https://t.co/86MT1yj7Yo
Marks Reveals Hidden $10 Bill, Switches on AI
Howard Marks runs Oaktree, a $120 billion+ firm built on distressed debt, has been writing the memos Warren Buffett opens first for over thirty years, and just changed his mind on AI after a single conversation with Claude — we...
From DIY DeFi to AI-Driven Financial Delegation
DeFi was about disintermediation Agentic finance is about delegation You went from "be your own bank" to "your AI is your CFO" The philosophical shift is more radical than the technical one.
WNBA Team Values Surge 59%, Valkyries Top Rankings
It was a momentous offseason for the @WNBA. Everyone has been asking what the new labor contract will mean for team valuations. Well, here they are 🏀 WNBA Team Values 2026: Valkyries Lead, Average Jumps 59% 1️⃣ @valkyries 2️⃣ @nyliberty See...
Digital Revolution Redefines Capital, Credit, and Money
A written summary of my keynote: The Digital Transformation of Capital, Credit, and Money $STRC
Nintendo Valuation a Steal Despite Rising Memory Costs
50% off its highs, 40% below Switch 2 release levels, and back to 2020 levels? Here's why $NTDOY's valuation looks like a steal, even with rising memory costs (link in bio).
Thoma Bravo Exits Medallia, Absorbs $5 Bn Equity Hit
Thoma Bravo walks away from Medallia, taking $5bn equity hit Read more here: https://t.co/9G35OGrOHt https://t.co/dvChCgadBM
Indra's Space Division Targets Over €400M Revenue, Iris2 Confirmed
.@IndraCompany: @Hispasat @hisdesat swell Q1 results; space division rev to be EUR 400M+ this year; @defis_eu #Iris2 "is real" following cost/sched/KPI negs that ended April 30. Defis: we'll announce results 'in due course.' @SES_Satellites @Eutelsat. https://t.co/uHyfoiggVO https://t.co/DcCAj3XunD
Even Top Risk Models Miss the Unexpected
Why risk models can fail Even the best models can’t predict the unexpected. #Risk #FinancialMarkets https://t.co/Y9vUuyQLeN
Reverence Capital Secures $2B Osaic Recap with Top Investors
Reverence Capital closes $2bn Osaic recap, drawing in Ares, Lexington, and Bain Capital Read more here: https://t.co/0VcHyKoq7B https://t.co/CFLnBR7rBK
Massive 401(k) Flows Drive Equity Rally
The Flows If you don't have the humility to respect either the market or its flows, you'll get an education "As we have been tracking over the past several weeks, a large part of that move was supported by an estimated...
KKR and Neuberger Private Markets Acquire Flow Control Group
KKR partners with Neuberger Private Markets in joint acquisition of Flow Control Group Read the full story here: https://t.co/7B490ti3yJ https://t.co/EgmoZQ7xJh
Todd Boehly's Insurer Secures Lobbying Win on Risk Rules
Great piece by @leee_harris about how the insurer controlled by Todd Boehly (the financier who owns the LA Dodgers and @ChelseaFC successfully lobbied for a reprieve on rules that would reduce exposure to risky investments https://t.co/2AvG18Bdrj
Pan Mine Boosts Cash Flow, Guides Strong Gold Production
Pan mine generating cash flow. Q1 2026 gold sales lifted unrestricted cash to $46 mil. 2026 guidance: 32-38koz Au at AISC US$1,850-2,000/oz. Pan cash flow to largely fund low-capex growth Stronger company FCF expected to ramp in 2027+ $maiff @MineraAlamos #goldproducer https://t.co/hCMCByPZir
AEG Management Undervalues Shares, Angers Investors
Management of #AEG should be very proud for shafting shareholders . Issuing stock at completely the wrong price 😡😡😡
Payroll APIs Boost ERP Efficiency and Reporting Accuracy
Payroll APIs streamline data exchange between payroll systems and ERP platforms, enhancing efficiency and accuracy in financial reporting. Discover more here: https://t.co/I3BqzxQbWt @tryfinch
Elon’s Eligible Pledged Shares Drop to 207.5 M
10-K/A SEC filing Elon pledging shares @StanphylCap gets everything wrong. That's what EDS does to you. So unprofessional. He blocked me, so I can't answer directly to him. Elon's shares eligible to be pledged decreased end of 2025 to 207,498,721 shares, and contrary...
Starcloud Eyes $2.2B Valuation Amid SpaceX Interest
Starcloud in Talks for $2.2 Billion Valuation as SpaceX Stirs Interest — The Information https://t.co/x8wmuzDcmW
Overweight PSH to Boost EPS via Fee Cuts
Macro: fee-conscious markets. Key: PSH cuts performance fees by offsetting 20% of PSUS manager fees after $5bn IPO. Risk: IPO closing/AUM growth. Insight: overweight PSH for fee-driven EPS lift.— Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Master Future Costs: The Essential Math of Decisions
“The best math you can learn is how to calculate the future cost of current decisions.”
Limited Spots: Get Clear Financial Visibility for Creatives
Last day of April and I still have one open spot this month. May is opening up with two spots and I want creatives who are ready to get real visibility into their numbers. If you've been wondering whether you can...
Apple Abandons Net‑cash‑neutral Goal Amid AI Push
Interesting that Apple dropped “net cash neutral” as a formal target after 7 years. With a new CEO coming and AI investment ramping, the flexibility to evaluate cash and debt independently makes sense. $AAPL
Four Key Levers for Valuation: Growth, Margins, Capital, Risk
Aswath Damodaran on the 4 levers to valuation 1. Revenue Growth 2. Operating Margins 3. Reinvestment (or Investment Capital Turnover) 4. Risk (Continuous and Discrete)
SpaceX Loaned Itself Money at High Rates for Musk
The real issue here is that SpaceX itself was borrowing the money to give to Musk, via the Nov 2018 leveraged loan priced at LIBOR+4.25%, far above the rate he was paying SpaceX https://t.co/hRcoplhKVQ
Mayor Mamdani May Use DSA Rhetoric Over Bond Downgrade
We are still in city/state budget season and anything can happen. One potential "anything" is ... does Mamdani, like most mayors, run away from the prospect of any bond downgrade? Or does he employ this as part of a long-held...
Cooks Would Reinvest $5B Tariff Refund Into US
Cooks says if they get a tariff refund, which I estimate would be close to $5B, they would reinvest it into the US.
Apple Will Reinvest Tariff Rebate Into U.S. Manufacturing
Tim Cook: If Apple gets a tariff rebate, we are going to take the cash and add it to our U.S. manufacturing initiative.
Business Needs Prioritized over Capital Returns, CFO Says
CFO says capital returns remains important to long term shareholder value. He also said, the needs of the business come before capital returns.
Supply Limits Hit March Revenue, Guiding Outlook Positive
CFO Kevan Parekh says if not for supply constraints, revenue would have been higher in March. That's a good sign for the upcoming guide. Stock still down 1%. Investors want to hear the guide. $AAPL
Apple Posts Record Q1 Revenue, Net Income, Margins
Apple revenues increased 17% over the last year to a new Q1 record of $111 billion. Net Income grew 19% year-over-year to new Q1 record of $30 billion. Gross margins increased to 49% (from 47% a year ago), the highest...
April Lev Loans Fall to Lowest Since Blackout
$25B of lev loan issuance in April (~15% below March). Lowest run rate since the post-Liberation Day blackout.
HEVN Launches Global Banking Platform for Non‑US Firms
HEVN (@hevn_finance) is building a “Brex for non-US companies” — an alternative financial platform that lets businesses open virtual bank accounts in 8 banks worldwide, use USD cards with cashback for Google/Meta ads, and store funds in USD. Congrats on the...
Fitch: U.S. Debt Levels Exceed Peer AA Nations
"Fitch Warns US Debt Burden Is ‘Far Above’ Other AA Rated Nations" None of us own enough hard assets. https://t.co/bA3E6txTHG https://t.co/jfpiadGKWT
BlackRock Files for New Actively Managed Large‑cap Value ETF
NEW: BlackRock just filed for a new actively managed ETF. iShares Enhanced Large Cap Value Active ETF -- no ticker yet. https://t.co/t8k71fvoq1
Redefining ROI for Distributed, Behavioral Value Metrics
#CIOChat Q3: Traditional ROI models break down when value is distributed, compounding, or behavioral (productivity, experience, speed). How are you redefining ROI, such as leading indicators, value realization tracking, product-level P&Ls, to make it actionable? https://t.co/puLY66fnSw
OneStream Marketplace Offers 50+ Apps for Tax & Lease Solutions
Explore the OneStream Marketplace, a hub for apps that extend OneStream's capabilities. Need country-specific tax solutions or lease accounting tools? There are over 50 apps available to meet unique business needs. #OneStream #SoftwareSolutions https://t.co/m5uU6jssgQ
Morgan Stanley's BTC Recommendation Needs Own Investment, Says Bitwise
I’m glad to see Morgan Stanley recommend 2-4% BTC allocation for their advisors. It would be more authentic and credible if they directly acquired some Bitcoin on their own balance sheet. @Bitwise continues to lead in the only way that matters, by...
Outlier Events Demand Revised Risk Underwriting
"You can't just say that was an outlier and go back to the old model because this thing happened, so you have to re-underwrite the risk profile." ⚠️ ~ @dunleavy89 https://t.co/GyyjXhZlgW
Oil Price Shock Ripples Through Inflation, Rates, Stock Valuations
The Iran-Hormuz story is not "just geopolitics" Here is the money chain Supply threat pushes crude up higher crude feeds inflation expectations higher inflation pressure keeps rates sticky sticky rates compress growth-stock multiples So even if your portfolio has zero oil names...you still feel this through...
Investors Flee Expensive Leagues, Driving NWSL Valuations Up
Today's CNBC Sport newsletter kickoff story is now online -- NWSL team valuations are soaring. It's a nice story for the NWSL, but something else is going on that's leading to these soaring values -- a substitution effect causing bidding...
Simple Bitcoin Lending Yields Align with Market Expectations
.@adcv_ can't price the risk on a complex multi-collateral lending market. But he has a very clear view on what overcollateralized Bitcoin lending should yield, and it's pretty much exactly where the market has it. Simplicity is the only thing...
RBI's Derivatives Intervention Hits Record $103B Dollar Short
Rajan showed them the way in and not the way out. The Indian central bank’s intervention in the derivatives market rose sharply in March with its net short dollar position surging to a record $103 billion. https://t.co/nieEKFI3Wc
Massive USD Deposits Make Swap Lines Unnecessary, Says Munger
"Invert...always invert." -Charlie Munger For example, w/ $14T in USD deposits offshore, why would the UAE (or any nation) ever need a USD swap line? If a guy w/a $14B bank deposit needed a home equity line just to pay his bills,...
Hedge Funds Attract Record $90B Inflows Since 2007
Hedge funds just recorded the biggest two-quarter inflows since **2007**, drawing around $90 billion. Assets in hfs are at a record now--HFR, JPM
Zoom Near Highs; Activists Urged to Demand Dividend
$ZM approaching recent highs. An activist should get involved and force them to pay a dividend. They do $1.2B in sales every quarter and $1.50 in earnings. Pay back some of that cash flow to shareholders. 🤷♂️@marketsurge @IBDinvestors #IBDPartner https://t.co/cZvZcmyJ3i