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@MultiplesCap

Multiples Capital on X

A contrarian pick, for AI-like return in real estate. $STWD (Starwood Property Trust) has an asymmetric setup for a possible ~50% total return over the next 12 months If Treasury yields peaks and then declines back within the next year, then a combination of the current 13.3% div yield + rerating back to above its undepreciated book value ($19/share) results in close to 50% return for this best of breed lender. True Multi-Cylinder Engine: Unlike pure-play lenders exposed to a single-sector, $STWD operates across commercial lending, infrastructure, and owned real estate. Built-in Counter-Cyclical Hedge: Its Special Servicing and Investing arm actually benefits when market volatility rises, collecting servicing fees that insulate cash flows when traditional credit tightens. Office Risk Is Overblown: U.S. office makes up less than 8% of its total asset base, with the balance anchored in residential, industrial, and essential infrastructure. Unmatched Dividend Track Record: Management has maintained its quarterly dividend for over 17 yrs without a single cut through multiple rate cycles. Collecting a 13.3% cash yield while waiting for a yield-driven rerating could deliver an equity-like upside with institutional downside protection.
@MultiplesCap 1 click

Multiples Capital on X

A contrarian pick, for AI-like return in real estate. $STWD (Starwood Property Trust) has an asymmetric setup for a possible ~50% total return over the next 12 months If Treasury yields peaks and then declines back with the next year, then a combination of its current 13.3% div yield + rerating back to above its undepreciated book value ($19/share) results in close to 50% return for this best of breed lender. True Multi-Cylinder Engine: Unlike pure-play lenders exposed to a single-sector, $STWD operates across commercial lending, infrastructure, and owned real estate. Built-in Counter-Cyclical Hedge: Its Special Servicing and Investing arm actually benefits when market volatility rises, collecting servicing fees that insulate cash flows when traditional credit tightens. Office Risk Is Overblown: U.S. office makes up less than 8% of its total asset base, with the balance anchored in residential, industrial, and essential infrastructure. Unmatched Dividend Track Record: Management has maintained its quarterly dividend for over 17 yrs without a single cut through multiple rate cycles. Collecting a 13.3% cash yield while waiting for a yield-driven rerating could deliver an equity-like upside with institutional downside protection.
@MultiplesCap

Multiples Capital on X

A contrarian pick, for AI-like return in real estate. $STWD (Starwood Property Trust) has an asymmetric setup for a possible ~50% total return over the next 12 months If Treasury yields have peaked, then a combination of its current 13.3% div yield + rerating back to above its undepreciated book value ($19/share) results in close to 50% return for this best of breed lender. True Multi-Cylinder Engine: Unlike pure-play lenders exposed to a single-sector, $STWD operates across commercial lending, infrastructure, and owned real estate. Built-in Counter-Cyclical Hedge: Its Special Servicing and Investing arm actually benefits when market volatility rises, collecting servicing fees that insulate cash flows when traditional credit tightens. Office Risk Is Overblown: U.S. office makes up less than 8% of its total asset base, with the balance anchored in residential, industrial, and essential infrastructure. Unmatched Dividend Track Record: Management has maintained its quarterly dividend for over 17 yrs without a single cut through multiple rate cycles. Collecting a 13.3% cash yield while waiting for a yield-driven rerating could deliver an equity-like upside with institutional downside protection.

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Reddit: DCF Valuation

Reddit’s DCF values shares at $225, driven by international ARPU expansion from $2.2 to $8.3 by 2035 and 38% operating margins.

RDDT $28B
Hated Moats 7 clicks
OTIS · long

Otis Worldwide CORP

Otis Worldwide's largest global elevator installed base generates 95% recurring revenue, with service margins above 90% supporting a…

OTIS $24B
Value Investors Club 2 clicks

Kaspi ($KSPI)

Kaspi trades at 7 times earnings while growing 40%, with its $1 billion Hepsiburada acquisition adding Turkish expansion risk.

KSPI $18B
Calvin Blissett

Oracle and Animal Spirits

Oracle’s $455 billion RPO and four-year cloud guidance position it as OpenAI’s primary infrastructure partner, while requiring major…

ORCL $419B
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