Michelle
@footnoted.bsky.social
Reading SEC filings intensively and obsessively for 20+ years. Home of the Friday Night 💩. Learn more at footnoted.com. Brooklyn-born and raised, but now an Angeleno with a soupçon of Paris.
Signal: footnoted.90
Signal: footnoted.90
Looks like @latimes.com is hitting up subscribers to invest in their IPO. Just got 2 emails in the past minute. "We're planning to go public, want in?" Not seeing an S-1 though.🤷♀️
November 12, 2025 at 8:52 PM
Looks like @latimes.com is hitting up subscribers to invest in their IPO. Just got 2 emails in the past minute. "We're planning to go public, want in?" Not seeing an S-1 though.🤷♀️
Even the WSJ’s opinion page thinks the 50-year mortgage is a bad idea!
Introducing a 50-year mortgage will boost housing demand, which will benefit Bill Pulte’s friends in the home-building and mortgage banking industries. But it will also lead to higher prices.
Introducing a 50-year mortgage will boost housing demand, which will benefit Bill Pulte’s friends in the home-building and mortgage banking industries. But it will also lead to higher prices.
November 12, 2025 at 8:19 PM
Even the WSJ’s opinion page thinks the 50-year mortgage is a bad idea!
Introducing a 50-year mortgage will boost housing demand, which will benefit Bill Pulte’s friends in the home-building and mortgage banking industries. But it will also lead to higher prices.
Introducing a 50-year mortgage will boost housing demand, which will benefit Bill Pulte’s friends in the home-building and mortgage banking industries. But it will also lead to higher prices.
SEC filings geek alert: Yesterday was a big 10-Q deadline. But because today is a federal holiday, albeit one where markets are open, companies that are late in filing their 10Qs have until tomorrow to let investors know.
November 11, 2025 at 8:02 PM
SEC filings geek alert: Yesterday was a big 10-Q deadline. But because today is a federal holiday, albeit one where markets are open, companies that are late in filing their 10Qs have until tomorrow to let investors know.
Was talking to my son over dinner about the idiotic 50 year mortgage plan. He’s 15 and not quite ready to buy a house. But if he was, he’d be done paying it when he’s 65!
November 11, 2025 at 4:38 AM
Was talking to my son over dinner about the idiotic 50 year mortgage plan. He’s 15 and not quite ready to buy a house. But if he was, he’d be done paying it when he’s 65!
I’ve bought several cars so far for both me and my husband. Almost every time, the sales guy starts with the monthly number you want to pay. A BMW 5 series for $299 a month? Sure no problem! They’ll always make the math work but it’s not working for you! (2/2)
November 10, 2025 at 11:48 PM
I’ve bought several cars so far for both me and my husband. Almost every time, the sales guy starts with the monthly number you want to pay. A BMW 5 series for $299 a month? Sure no problem! They’ll always make the math work but it’s not working for you! (2/2)
A little over a year ago, I was shopping for a car and briefly looked at Teslas (before Elon went totally nuts). I still remember this young woman who wanted to put zero money on a new Model 3. My husband had to stop me from walking over to her and trying to talk her out of it. (1/2)
November 10, 2025 at 11:45 PM
A little over a year ago, I was shopping for a car and briefly looked at Teslas (before Elon went totally nuts). I still remember this young woman who wanted to put zero money on a new Model 3. My husband had to stop me from walking over to her and trying to talk her out of it. (1/2)
Between a 50-year home loan and a 15-year car loan, Americans will be in debt forever. Not to mention that very few 12+ year-old cars have any real value.
November 10, 2025 at 11:27 PM
Between a 50-year home loan and a 15-year car loan, Americans will be in debt forever. Not to mention that very few 12+ year-old cars have any real value.
Less than 30 minutes for companies whose quarters ended Sept. 30 to get their 10-Qs filed. Always interesting to read the excuses for companies that don't make the cut. So far, 281 Qs have been filed today.
November 10, 2025 at 10:06 PM
Less than 30 minutes for companies whose quarters ended Sept. 30 to get their 10-Qs filed. Always interesting to read the excuses for companies that don't make the cut. So far, 281 Qs have been filed today.
You don’t have to live in LA to support @lataco.bsky.social. The work they’ve been doing documenting the siege of LA every day is outstanding. Hope you’ll consider supporting them by becoming a member. lataco.com/join
Join L.A. TACO ~ L.A. TACO
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lataco.com
November 10, 2025 at 8:27 PM
You don’t have to live in LA to support @lataco.bsky.social. The work they’ve been doing documenting the siege of LA every day is outstanding. Hope you’ll consider supporting them by becoming a member. lataco.com/join
Toured @caltech.edu with my son on Friday and was a bit daunted by this greeting.
November 10, 2025 at 8:16 PM
Toured @caltech.edu with my son on Friday and was a bit daunted by this greeting.
I keep hearing Trump say that the number of SNAP beneficiaries increased bigly under Biden. So I asked Claude if that was true. Guess what: it’s not.
November 8, 2025 at 2:25 AM
I keep hearing Trump say that the number of SNAP beneficiaries increased bigly under Biden. So I asked Claude if that was true. Guess what: it’s not.
My favorite risk factor in the $DJT Trump media filing is where they talk about the "false, misleading and unfavorable" media coverage. "Whatever factual information TMTG includes in its disclosures...may be twisted and distorted when conveyed to the public and the market." See pg. 62
November 7, 2025 at 9:32 PM
My favorite risk factor in the $DJT Trump media filing is where they talk about the "false, misleading and unfavorable" media coverage. "Whatever factual information TMTG includes in its disclosures...may be twisted and distorted when conveyed to the public and the market." See pg. 62
In a 67-page 10-Q for Trump Media ($DJT), the risk factors account for nearly a third of the filing, which, trust me, is a lot. Gotta wonder how many of the folks who bought the stock even skimmed those risk factors. Stock down over 60% YTD.
November 7, 2025 at 9:21 PM
In a 67-page 10-Q for Trump Media ($DJT), the risk factors account for nearly a third of the filing, which, trust me, is a lot. Gotta wonder how many of the folks who bought the stock even skimmed those risk factors. Stock down over 60% YTD.
And you wonder why CEOs who leave/get fired, routinely get 18-24 months of company-paid COBRA after their departure? Even with their hefty salaries/stock options, it's still unaffordable!
Heartbreaking. I’ve asked subscribers to send me screenshots of their premium increases, and I can’t even tell you how many emails I’m getting like this.
Folks can’t pay these rates. This family is in TX, but it’s happening everywhere. Congress MUST extend the ACA tax credits.
Folks can’t pay these rates. This family is in TX, but it’s happening everywhere. Congress MUST extend the ACA tax credits.
November 6, 2025 at 11:52 PM
And you wonder why CEOs who leave/get fired, routinely get 18-24 months of company-paid COBRA after their departure? Even with their hefty salaries/stock options, it's still unaffordable!
Nearly 400 10-Qs filed after markets closed today, including $ABNB, $DASH, and $UA.
November 6, 2025 at 11:48 PM
Nearly 400 10-Qs filed after markets closed today, including $ABNB, $DASH, and $UA.
Was never really in doubt, was it?
Musk gets his $1 trillion compensation package approved by Tesla shareholders.
Shareholders in the room chant "Elon, Elon, Elon!"
Shareholders in the room chant "Elon, Elon, Elon!"
November 6, 2025 at 10:01 PM
Was never really in doubt, was it?
Tesla's annual meeting and the big vote on Elon's trillion-dollar pay package starts in a little over 3 hours. Only shareholders will have access. The rest of us will have to wait. @polymarket.bsky.social has odds of passing at 91%. polymarket.com/event/will-e...
Will Elon Musk’s $1T Tesla pay deal pass?
Polymarket | This market refers to the shareholder vote on Elon Musk’s proposed $1 trillion Tesla pay package scheduled for November 6, 2025.
This market wi...
polymarket.com
November 6, 2025 at 5:40 PM
Tesla's annual meeting and the big vote on Elon's trillion-dollar pay package starts in a little over 3 hours. Only shareholders will have access. The rest of us will have to wait. @polymarket.bsky.social has odds of passing at 91%. polymarket.com/event/will-e...
Sigh. Another example of AI failing bigly when it comes to SEC filings. Had asked how many other companies use the non-GAAP metric "gross merchandise volume" and was told that Etsy, Airbnb and Toast all do. But searching through SEC filings going all the way back to 2001, I see that none do. Sigh!
November 4, 2025 at 9:42 PM
Sigh. Another example of AI failing bigly when it comes to SEC filings. Had asked how many other companies use the non-GAAP metric "gross merchandise volume" and was told that Etsy, Airbnb and Toast all do. But searching through SEC filings going all the way back to 2001, I see that none do. Sigh!
Oops...didn't realize the site doesn't open. But if you look at the domain registration, you can see that $ZTS registered the domain name months before it changed its label to warn users.
November 4, 2025 at 7:25 PM
Oops...didn't realize the site doesn't open. But if you look at the domain registration, you can see that $ZTS registered the domain name months before it changed its label to warn users.
After losing my beloved dog, Max, back in March after just one shot of Zoetis' so-called magic drug #librela, I started shouting at whomever would listen that this drug was bad news. Zoetis knew it because they registered the domain name: librelakilledmydog.com. Today's 3Q earnings confirm this.
librelakilledmydog.com
November 4, 2025 at 7:23 PM
After losing my beloved dog, Max, back in March after just one shot of Zoetis' so-called magic drug #librela, I started shouting at whomever would listen that this drug was bad news. Zoetis knew it because they registered the domain name: librelakilledmydog.com. Today's 3Q earnings confirm this.
Major institutional investor Norges Bank says it voted no on Elon pay according to this @wsj.com piece.
www.wsj.com/business/aut...
www.wsj.com/business/aut...
Major Tesla Investor Rejects Elon Musk’s $1 Trillion Pay Deal
Norway’s sovereign-wealth fund is the first major institutional investor to disclose how it voted on the chief executive’s pay package.
www.wsj.com
November 4, 2025 at 4:37 PM
Major institutional investor Norges Bank says it voted no on Elon pay according to this @wsj.com piece.
www.wsj.com/business/aut...
www.wsj.com/business/aut...
Just reading Tesla's latest pitch on why to vote in favor of Elon's trillion $ pay package in which he says: "Let’s just say I’m not going to build a robot army if I can be easily kicked out by activist investors. No way." Should investors take that as a promise or a threat?🤷♀️
November 3, 2025 at 11:49 PM
Just reading Tesla's latest pitch on why to vote in favor of Elon's trillion $ pay package in which he says: "Let’s just say I’m not going to build a robot army if I can be easily kicked out by activist investors. No way." Should investors take that as a promise or a threat?🤷♀️
Went to a presentation with my son for @columbiauniversity.bsky.social this morning. Instead of sharing the eye-popping “rack rate” which runs around $92k at most of these schools, they gave it per credit. Had to take out my calculator to multiply $2238 x 32, or $72k w/o housing or other fees.
November 2, 2025 at 11:26 PM
Went to a presentation with my son for @columbiauniversity.bsky.social this morning. Instead of sharing the eye-popping “rack rate” which runs around $92k at most of these schools, they gave it per credit. Had to take out my calculator to multiply $2238 x 32, or $72k w/o housing or other fees.
Congress gets cheap healthcare. Meanwhile, an older married GenX like me with a kid under 19 living where I used to in Florida would have to pay $3600 a month with no dental and a $16,200 family deductible. Used $85k in income which is high for that part of Florida.
November 1, 2025 at 8:56 PM
Congress gets cheap healthcare. Meanwhile, an older married GenX like me with a kid under 19 living where I used to in Florida would have to pay $3600 a month with no dental and a $16,200 family deductible. Used $85k in income which is high for that part of Florida.
One other thought: while Vanguard is clearly the dominant player in index funds, if something changed in terms of index weighting recently to prompt them crossing the 5% threshold, I would expect other large funds to also cross that line. I’ll be on the lookout for additional 13Gs.
November 1, 2025 at 3:51 PM
One other thought: while Vanguard is clearly the dominant player in index funds, if something changed in terms of index weighting recently to prompt them crossing the 5% threshold, I would expect other large funds to also cross that line. I’ll be on the lookout for additional 13Gs.