X
Everything we have picked from this writer, newest first.
$BWEL has been the most aggressive in years on its share buybacks since the last reported financials (6/30/25). While not as significant as I would like, the increased pace of buyback is probably a good sign for FY26 results. https://t.co/tQmmswZS0P
$MAPS reports later today https://t.co/dMmI5zzsgv
$FPH mentions on call they are currently talking to anchor tenants for the 2.8mm sf of R&D/tech-dedicated entitlements for Candlestick. Not many options for contiguous brand new space in SF. Would be interesting if they secured a whale like Anthropic, OpenAI or Databricks.
@blondesnmoney $OPBK solid
FMBL adjourned votes to lower proposal thresholds to 60% after falling 2.5% to 3% short, with management expecting approval when the meeting resumes in late August.
If a company is OTC listed and consistently reducing its share count, it seems like a high percentage of the time, it works out well... $MCEM $WEBC $APTL $FMBL $BWEL(?)
MLP was sold despite substantial asset value, as delayed monetization, high realization costs and Steve Case’s margin loans weakened the thesis.
Is anyone looking at these busted digital treasury companies? A quick glance suggests a bunch of them are trading at 50%+ discounts to NAV with otherwise clean balance sheets. Will they all merge in stock for stock deals? Or convert into ETFs? $BRR $XXI $BMNR
$QUCT ranch for sale for $75 million: https://t.co/dOfoTwB6ly
Pershing Square analyst ownership of a $1 billion stake in $PS is cited as evidence of SPAC overvaluation and Bill Ackman’s poor capital-allocation judgment.
APTL’s $25 million-EBITDA Alaska utility and telco support its low-$80 share price; its Westport subsea-cable landing site and 30% share-count reduction add optionality.
@BillAckman Literally every asset that’s managed by you including $HHH $PSHZF and now $PSUS has always traded at a discount. Why would this one be any different?
Really interesting how $GO had truly massive insider buying and the stock barely reacted, allowing the investor to accumulate a sizable position. This one has worked quite nicely. https://t.co/iXfU4SCmt5
Wild to me that when $MAPS was trading 2x higher, it was a seemingly beloved consensus long on here, and now due to STRATEGIC delisting it's traded off massively, sits at net cash, all while generating $40 mm of EBITDA.
Sometimes pattern recognition works $WEBC https://t.co/63FLQJ6YEJ
$TIPT director buys ~1k shares at 17.45 on Wednesday and Fortegra deal should close today https://t.co/HYVSdjXcO9
Another great quarter from $WEBC with accelerating top line and gross margin expansion. Company continues to buy back and refresh buyback. https://t.co/w22AeWh2pH https://t.co/BK1bO8vt37
Don't normally focus on sellside notes but in this instance Pablo Zuanic is on point re: $MAPS https://t.co/5ZgejaYBR7
$TIPT filed an 8-K this morning where they said they expected the Fortegra deal to close by Friday 5/29. Pro forma TBV is ~$24/share, stock last 17.17.
CBBI trades at 0.4x because of its OTC listing and no buyback; projected five-year value is $18.66 without repurchases versus $19.10 with them.
CBBI’s five-year scenarios find reinvesting its $0.50 annual dividend roughly matches a buyback, assuming a sale at 100% of tangible book value. Buybacks lose value if repurchases rise above 0.4x TBV.
Seems like $MLP may be selling its water assets to Maui for $30 million https://t.co/hFHq1VRZ20
The SF housing market is on fire. Should bode very well for $FPH's Candlestick project, including finding financing partners. https://t.co/vFjXoS2coK
Pershing Square trades near 50 times estimated earnings, with $21 billion of fee-paying AUM against a $13 billion equity value and potential post-lockup selling pressure.
