Derivatives Pros Label Michael Selig the Market Joker
“Miller said out loud what a growing number of derivatives professionals, people who actually hedge corn, crude, Treasuries, and currencies for a living, have been muttering for months. Michael Selig is in fact behaving like the joker in a deck of cards.” https://t.co/6jxCChez33
STRZ Targets Early 20% EBITDA, Reduced Cash Spend
$STRZ Starting to see cash content spending coming down (big part of original thesis)... voluntarily terminated pay 2 window with universal, originals launching, etc. Expect to hit 20% EBITDA margin target a year early (2027 vs. 2028) and leverage target by yearend...
Nintendo's $13.3B Cash Pile Could Fund 40 yearsNintendo's $13
Nintendoomed? As per Friday's earnings, Nintendo sits on US$13.3B in cash+highly liquid investments (even under the terrible currency rate now). So even if Nintendo lost US$1M per day, they could theoretically continue operating until 2062 in the current configuration. $NTDOY
New Blockchains Set to Attract Unprecedented Capital
The scale of capital that will be raised for new blockchains in the next few years will surprise people.
KKR Injects $150M, Backs FSK Amid Q1 Slump
$FSK Q1'26: > NAV -9.9% > Non-accruals: 3.4% -> 4.2% > Dividend cut from 48c to 42c KKR's response? $150M in preferred equity. $150M tender offer at $11. Plus a $300M buyback authorization and KKR waiving its incentive fees for 4 quarters.
Lenders Convert to Owners, Inject $100M Into Medallia
Somehow I missed this. The lenders are writing a $100M equity check into Medallia. Started as senior secured creditors. Now they own the company and are putting more money in. Never a good sign.
Gilts Tumble Amid Mounting Calls for Starmer’s Resignation
Gilts slide as calls grow for UK Prime Minister Starmer to step down https://t.co/ZbMuuzqQf2 via @alicegledhill1 @highisland https://t.co/ghgLaN250d
HSBC Lifts S&P 500 Target to 7,650, Eyes 8,000
HSBC raises S&P 500 target to 7,650, sees path to 8,000 Joining RBC, Yardeni.. @seekingalpha https://t.co/OST088n9Ol
Mundane Businesses Can Become Multi‑billion Roll‑up Successes
Did you know that Chicago accountant Larry Gies bought his first company by maxing out 10 credit cards and borrowing $50,000 from a high school friend? He eventually built Madison Industries into a platform generating more than $5B in revenue by...
Acquisition Breaks the Revenue Ceiling and Expands Growth
the single unit ceiling is real: – revenue plateaus at a point – growth requires more personal effort – margins face consistent pressure – exit options remain limited acquisition is one way to address the ceiling structurally
Diversify via Acquisition to Spread Business Risks
the consequence of staying at one business: – one income stream – one bad year from real trouble – one buyer at exit – modest multiple – their terms acquisition distributes every one of those risks
RNWH's PWR-X Acquisition Boosts Dividend, Lowers P/E
#RNWH bought PWR-X Ltd for £1.1m, which does "specialist cable jointing services". ShareScope showing fwd p/e 12.9 falling to 12 and fwd Divvy 2.3% rising to 2.4%; decent Uptrend and worth looking at. I don't hold.
GRI Secures £540m Facility Extension, Saves £1m Annually
#GRI got an extension on £540m of "core banking facilities" to 2033 and at a lower cost, saving £1m per year in finance costs.
UTG Boosts Buyback to £165m Using Property Sale
#UTG incresed Buyback programme to £165m from previous £100m. Increase really possible due to proceeds from selling St Pancras Way property.
InsurTech Deal Activity Surges Globally in 2023
Where does InsurTech stand worldwide ? → https://t.co/7diitqBdzI FT Partners' yearly report is based on every deals announced in that space last year. I read it for you. Here are my takeaways. https://t.co/gtPqYbbRwe
How The
A deep dive into FIFA's finances, including the importance of the World Cup and the impact of the Club World Cup, as well as where football's governing body spends its money. https://t.co/LsJJoTU0X5
Ericsson Boosts Capital Efficiency with Aggressive Share Buyback
"@Ericsson Optimises Capital Structure with Aggressive Share Buyback Maneuvers", get the full story via the Elnion news desk.. https://t.co/CNAHE2qmvJ https://t.co/0MbpDlXZgS
TSLX Dividend Cut Signals Caution, Not Buying Opportunity
TSLX cut its dividend to $0.48—a sign of caution, not stability. With NAV erosion and rising non-accruals, this BDC still trades at a premium. Not a buy yet. 🚩 BDCs
Politicians Exploit Missing Receipts; COA Confirms System Failure
BIR will disallow your deductions over one missing OR. Politicians liquidate millions in public funds with just a signed certification. No receipts. No itemized supporting documents. Just their word that the money was spent for legitimate purposes. This is not an opinion....
Fed Cuts Don’t Guarantee Bond Rallies, History Shows
For years, a familiar pitch has followed every Fed cut: rates are dropping, so bonds should rally. But history is a little messier than that. Bond outcomes do NOT move in a predictable manner just because the US Fed changes policy. Source:...
CEO Sets Conditions for Strategy's Bitcoin Sale
JUST IN: Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions for selling some of its Bitcoin holdings and other news.
Apollo Negotiating Sale of Its MidCap Private‑credit Fund
Scoop: Apollo has been holding talks to sell MidCap Financial Investment Corp., its publicly traded private-credit fund. $APO $MFIC https://t.co/Af9Lm0XztL
Public, Maybank Lead with Top PBV and ROE
Snapshot of Top 6 Malaysian banks and BIMB valuation. •Public has the highest PBV at 1.5x •Maybank is 1.4x The two banks have the best ROE of 12.1% and 11.3%. •RHB is “most improved” at 1.0x as ROE rose to ~10% Most banks...
When Business Thrives, Choose Investment over Profit Harvesting
“When your business is behaving like this, we believe the right response is not to harvest — it is to invest.” Mercado Libre Q1 2026 Shareholder Letter
Semiconductor Giants Reveal Undervalued Growth: PEGs Below 1
SEMICONDUCTOR STOCKS BY PEG RATIO PEG 2 starts to push into the danger zone Here’s how they stack up: • $INTC ~2.8x • $LRCX ~2.0x • $KLAC ~2.0x • $AMAT ~2.0x • $ASML ~1.7x • $ALAB ~1.6x • $ARM ~1.5x • $ANET ~1.5x • $LITE ~1.3x • $TSM ~1.1x • $CRDO ~1.0x •...
Start Slow, Find Fit, Then Accelerate Acquisitions
When you study the serial acquirers model and those who’ve invested in this model for decades, you see that companies that completed 1-2 acquisitions per year in the early years tended to outperform those that pursued a faster pace, such...
Microsoft's CapEx Now Mirrors Heavy‑Industry Spending Levels
Microsoft having capital expenditures equal to 37% of its revenues would have been unthinkable a decade ago. This is supposed to be a software company, but these are numbers you see for an industrial company, or an oil & gas...
Fintech’s Ramp Card Silently Reshapes Corporate Finance
In 2020, Ramp launched a corporate credit card. Banks didn't take it seriously. Another fintech trying to take on Amex. Five years later, 50,000 companies run their entire finances through Ramp. Nobody saw it coming:
Intra‑month Cash Peaks Demand Daily Forecasting, Not Month‑end
Most cash and capital planning/forecasting is anchored to a monthly or quarterly level. Models built to month ends, using historical data closed at month ends. All ignoring the intra-month volatility. The implicit assumption, if you don't model it, is that your...
Growth Returns, SaaS Valuations Favor Profitability Over Sales
SaaS valuation map: growth is back, but the market is still selective. Forward EV/Gross Profit tells a cleaner story than EV/Sales because it adjusts for gross margin quality. $PLTR currently trades around 72.3x Forward EV/Gross Profit with +62.6% NTM estimated revenue growth. $APP...
CRDO’s High P/E Justified by AI Growth, Future Cheapness
CRDO looks absurd until you do the math. 📈 Its high P/E makes sense when you factor in AI-driven revenue growth and expanding margins. If the numbers hold, today’s price could look cheap in two years. Semiconductors
EBITDA Growth Hits Four-Year High Across Issuers
Median YoY change in EBITDA... best in 4 years (it's not just 5 companies) (based on US investment grade non-financial non-utility issuers) BofA https://t.co/235aQY9wwT
Essential Financial Models Every Analyst Should Master
Top 5 Financial Models for Financial Analysts 👇 1. Discounted Cash Flow (DCF) Model – Used to estimate the value of a company based on future cash flows. 2. Three-Statement Model – Integrates the income statement, balance sheet, and cash flow...
Price Over Prestige: Wait for Affordable Great Companies
Warren Buffett’s Protege Greg Abel on the importance of price in buying companies and stocks: "It's not that we don't see exceptional companies out there today that we'd love to own. But we’re not interested in acquiring companies at that price" "That...
AI Models Become Banks' New Competitive Moat
Revolut's Pragma: Financial Game Changer or Niche Tool? Conversations and Insights with NVIDIA's Georgios Kolovos. Full video: 👉 https://t.co/BOdoxP14ld 💬 Is Revolut’s "Pragma" the breakthrough the financial world has been waiting for, or just another niche update? 📈 We explore how...
Vipshop's Cheap Valuation Amid Buybacks and REIT Plans
Vipshop (VIPS US): • Overstock of China, now beauty e-com • Share buyback of 1/3 of shares since 2021, continuing • Selling Shanshan outlet properties as REIT soon • Trades at 6x P/E with 42% net cash/market cap • Risks: J Capital 2014 short report,...
Focus on Interest Coverage in Normal Years, Not Booms
Graham had one rule most analysts skip: interest had to be covered, not in a good year. In a normalized one. Because the good years take care of themselves. That's not conservatism. That's the entire game.
Enterprise Software Spend Hits $6‑7K Per Employee, Likely Rising
So today the average enterprise pays $6-7,000 per year per employee on software and services. Once token budgets get sorted, which tokens will be used in that figure, I do think this annual spend per employee goes up. Question...
European Battery Firm Morrow Declares Bankruptcy
European ESS battery company Morrow files for bankruptcy #energysky -- via Energy Storage News: https://t.co/DKqq8cJ2ve
Future Scrutiny Will Expose Overlooked Debt and Profit Warnings
Questions people will be writing about in the coming years: • Was it a Ponzi scheme? • Why didn’t more people worry about the circular financing? • Why were investors so blasé about the lack of profits? • Why wasn’t all the debt a bigger warning sign?
Nvidia Pledges up to $40 B in Public-Company Investments
Nvidia $NVDA has signed commitments so far this year to invest up to $40 Billion into different public companies - CNBC
Private Credit Fund to Adopt Daily Mark‑to‑Market by Year‑End
This week a major private credit fund manager pledged to mark-to-market all positions on a daily basis by year-end. Which means they aren’t doing it now, even internally.
S&P 500 Tech P/E Stagnates Mid‑Range Since 2020
The S&P 500 Expanded Tech P/E is right in the middle of its range since 2020... quite boring, actually @wisdomtreefunds https://t.co/7FQmhF8OUY
Management Rejects $500K Funding; Investors Demand Bigger
Multiple people have told the Koala this morning if that C$500,000 proposed placement that TNR Gold $TNR.V $TRRXF management implicitly rejected by refusing to engage “needs to be bigger” they’d take a piece of it Not sure why a company that...
Defining AI COGS: Finance Framework for SaaS
What Belongs in AI COGS? The Financial Framework SaaS Companies Are Scrambling to Build Finance is playing catch-up, but we are also at the edge of what can be implemented now versus what is theoretical. What do we want this...
60% of Owners Limit Loan Talks to 2‑5 Lenders
Weekend data analysis after speaking with 250 small business owners over the past few months. Here is an interesting pattern around debt financing. One stood out immediately: Roughly 60% of owner-operators only speak with 2-3, max 5 lenders when evaluating financing options. I thought...
Garware Fibre Buyback Materializes as Warned
Garware Technical Fibre Buyback Strategy Already warned everyone about this buyback. and see same thing happens https://youtu.be/e_1WEpLPYGw #buyback #BUYBACKUPDATES #STOCKSINFOCUS
SEC's New Accountant Highlights Audit, Conflict, Cost Priorities
Attention #CFO #CAO as #SEC sharing upcoming priorities. Don't miss SEC Chief Accountant Kurt Hohl at #FutureofFinance Summit in Nat'l Harbor Aug 5 - 7th https://t.co/TFcCTRD9MN
Wealthy Leverage Debt Strategically; Understanding Beats Avoidance
You’ve been taught debt is dangerous. Meanwhile the wealthy use debt to: • Buy businesses • Buy real estate • Buy assets Avoiding debt doesn’t make you financially smart. Understanding it does.
New Canadian Sovereign Wealth Fund Faces Sharp Critique
Detailed and interesting critique of the new Canadian sovereign wealth fund, by @Simon_Nixon - recommend a close read #cdnpoli https://t.co/RpayH7An8Q