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Sunday, November 8, 2026

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NEW POSITION: Google LEAPS

Alphabet bought long-dated GOOGL calls after a 12.6% earnings drop, betting AI monetization and distribution overcome capex pressure and lift shares above $400 within two years.

GOOGL $3.5T
Hated Moats 1 click

From X

@Adam_Wyden

Adam D. Wyden on X

Another sleeper factor of $STGW is that given what happened on Election Day, both parties are going to spend crazy amounts of money on ‘28 election. This spend will start in ‘27 as well. The EBITDA growth in ‘27 and ‘28 will be nothing short of breath taking with a high graded mix. 12x 2027 EBITDA of 650 is ~ 28.00 bucks. What if they do 800+ in ‘28? Upside to these numbers if they do more m/a in saas / digital transformation… the only thing that is TRANSFORMING is $STGW. How could potentially 20mm shares be short? @Mark_Penn @ballant11 @jayleveton @TheRoaringKitty @stoolpresidente @AKWilk @markminervini @ACapitalLP @AndrewYAVB @CorneliaLake @ChrisCamillo @citrini This is going much higher.
@Adam_Wyden

Adam D. Wyden on X

They have a lot of opportunity to let people know about the quantum of the value gap as well in the coming weeks…. This reminds me of our investment in $race or $gmcr… multiple expansion and earnings growth as the mix of the business transforms. People can’t see it until they can. @Mark_Penn @benallanson @jayleveton @markminervini @stoolpresidente @TheRoaringKitty @marketplunger1 @BillBrewsterTBB @AndrewYAVB @ACapitalLP $STGW
@Mr_Neutral_Man

Mr Neutral Man aka "Howard Marks of REITs” on X

Small Bay Industrial investors will do everything in SoCal instead of buying $REXR If you’re looking to deploy more than 7 figures in SoCal smallbay industrial, $REXR is much cheaper and literally selling some warehouse to the aggressive buyers Using proceeds to buy back shares further boosting intrinsic value Crazy public arbitrage of private market value DM open if you actually want to get more than 7 figures of exposure to SoCal warehouse
Mr Neutral Man aka "Howard Marks of REITs” REXR $8B
@ACapitalLP

A Capital on X

There’s really no difference between an industry-focused pod analyst betting on $NVDA earnings and a college kid betting on the Michigan State game on Kalshi… If anything, Kalshi is more intellectually honest. You know exactly what you’re betting on, what the odds are, and what you stand to win or lose. In the institutional investment world, you just have to dress up the same probabilistic wager with a 40-page deck, an elaborate earnings model, and a sufficiently sophisticated-sounding variant perception… One is called gambling. The other is called fundamental research.

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Floor & Decor 3Q26: Business Update

Floor & Decor’s 3Q26 sales rose 3% while comparable sales fell 1.4%; it cut 2027 openings to 10-15 as high mortgage rates pressure…

FND $5B
Speedwell Memos 1 click
FBRT · long

Franklin Bsp Realty Trust In

Franklin BSP Realty Trust, a commercial mortgage REIT, is presented as a long at $8.20 per share and a $757 million market capitalization.

FBRT $940M
Value Investors Club 2 clicks

AppLovin Deep Dive: Not A No Brainer

AppLovin is down 48% YTD after its first guidance miss, with revenue 1% below expectations and EPS 2.5% short, reviving fears of an adtech…

APP $118B
Capitalist Letters 7 clicks

Amazon’s AI Economics

Amazon combines AWS AI infrastructure, model-company stakes and retail automation, with AWS targeting $1 trillion in annual revenue over…

AMZN $2.9T
Modern Value Investing 8 clicks

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