I mean, at 50x a cash flow number they’ve barely been able to grow for a decade, you could ask why the stock isn’t down more!

You see the problem with “name one OTHER person”? I capitalized it for you.

Sounds like you and your team weren’t very good at their jobs, then. Maybe worth a little self-reflection, instead of reflexive defense of your former employer.

With EVs surprising to the upside and ESS cruising, they’ll be lucky to hit 2030 without that unrest. Massive current youth unemployment, long history of gdp getting kneecapped by oil. Not good.

Don’t forget about repaying the tariffs!

Yeah but like - what happens in 2028, is my question. $MU is at 100x LTM cash flow - as soon as the shortage turns into a glut, as they seem to do esp in memory, those semicap revenues vanish.

Bud, in a picture of Mamdani and Raskin, you really think Raskin is the “marginalized” one?

What is a good analogy though? The shale boom is my favorite (swap OPEC out for China/Deepseek), but that one isn’t so widely known.

Every company that has identified a productive, non-civilly actionable token-heavy use for AI (Adobe?) will make a bundle, since the cost to deploy will drop in the neighborhood of 90%. All the “picks and shovels “ people are enamored with now really will go bankrupt though

Insperity a puzzler - not really difficult to see a path back to typical earnings in 26 with hc rates reset. Everyone seems to forget how short tail insurance works when a co posts a loss. V different from Fiserv’s argentina angle that I totally missed and lost on, but wow was that funny.

That’s @esghound.com ‘s music

And look what the equity in Brookfield Renewables is worth post announcement, even though all the upside from Westinghouse has been killed.

Yeah it’s clearly being read as a positive, but handing over a fat equity stake in exchange for a couple tens of millions of bucks is terrible news for these companies.

10 million each - is that the right number? That’s like a month each of opex, it’s a fiftieth of the cash on the balance sheet. To say nothing of the market cap - like one-thousandth? What’s the point?

Yeah quite long both

Check out CNC or MOH - that’s a dip! At this point they are trading like they are going out of business permanently.

Nice, that ticket is going to pay out. They can’t make FCF in the best of times, when everyone has an extra unused data center shell lying around they are absolutely done.

Oh I don’t know - obviously when you’re a whale it’s hard to move around, but they could swap long for ultrashort and get the result, or buy even more gold since they seem into that lately, or even Euro sovereign debt - or better, all three and you’ve got enough change to affect the clearing yield

I certainly hope this is the case, but all they have to do is dump the longest duration treasury bonds they have to blow out the 10Y, and evidently that hasn’t happened yet