Selected Tweets

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"I'm a great believer in luck, and I find that the harder I work, the more I have of it. " Thomas Jefferson

"Do you want to know who you are? Don't ask. Act! Action will delineate and define you." Thomas Jefferson

"Whenever you do a thing, act as if all the world were watching." Thomas Jefferson

$PYPL Thread

1/ PayPal $PYPL first. I don't like putting exact numbers on TAM, think it's borderline silly. Just want to be directionally right and be in ballpark w/scope. That being said, think we are in very early innings w/PayPal's growth. (cont) https://t.co/8fo2y5t4cm

— Matthew Cochrane (@FoolMCochrane) August 12, 2019

$PYPL Thread No.2

Sri Shivananda, $PYPL CTO: "India is critically important. We look at regions and then there are countries of importance... India currently is an area of focus.” https://t.co/WksrjKXq4D

— WTCM (@WTCM3) August 14, 2019

$JD Thread

$JD wrote this in their 2018 factsheet:
"Approximately 12,000 engineers between China and Silicon Valley"

May 2019 factsheet states "17,000".

R&D is up a whopping 34% yoy to ~$0.5bn "as a result of the company’s continued investment in top R&D talent [...]"

— sebidscap (@sebidscap) August 13, 2019

$TYL Thread

1) $TYL at KeyBanc Capital Markets Tech Leadership Forum with CFO Brian Miller & CEO Lynn Moore Tyler

— Jerry Capital (@JerryCap) August 14, 2019

Lots of good videos on this conversation

What's the best business/investing video you've ever watched? 🖥❓

— Ryan Reeves (@investing_city) August 14, 2019

Portfolio buys and sells $BRK, $WFC, $GLIBA, $BX

Added some to $BRK at $198, bought new position in $WFC at $45. Sold smallest positions in $GLIBA and $GM. Only activity YTD except new position in $BX in Q1.

Top 5 positions:$BRK$CHTR / $LBRDA$GOOG$V$MKL

— Value Seeker (@Find_Me_Value) August 15, 2019

$LK Thread

“Founded last year, Luckin claims to have opened more than 500 stores in China in just five months. Its outlets serve lattes at prices about 30 per cent lower than Starbucks’ and provide subsidised deliveries to office workers.” https://t.co/QLwFMlDmhh

— Paul Barnes (@LennyIce) July 11, 2018

$LK discussion

$LK has announced Q2 results -

Revenue +698.4%YOY
No. of customers 22.8m (+5.9m added in Q2)
Avg. monthly transacting customers 6.2m (+410.6% from Q2 '18)
Total no. of stores = 2963 vs.624 in Q2 '18
Store level op. loss = RMB 55.8m vs. RMB81.7m in Q2 '18

I've got a position.

— Puru Saxena (@saxena_puru) August 14, 2019

Animal health landscape $ELAN Thread

animal health landscape & sales mix (cc: $ELAN, $ZTS, $BAYN GY, $MRK, $DPH LN, $VETO FP, $PAHC, $VIRP FP) pic.twitter.com/ogp4Ige6Sc

— WTCM (@WTCM3) August 11, 2019

OTA revenue distribution in 2018 $BKNG, $EXPE, $CTRIP, $DESP, $TRIP

public OTA revenue distribution in 2018 (cc: $BKNG, $EXPE, $CTRP, $TRIP, $TRVG, $DESP, $MMYT, $LMN SW, $OTB LN, $EDR SM) https://t.co/dyPkASGqqq https://t.co/dyPkASGqqq pic.twitter.com/R2j4WW8oOs

— WTCM (@WTCM3) August 13, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"It is what people actually did in the stock market that counted – not what they said they were going to do." - Jesse Livermore

"Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul." - Jesse Livermore

$MASI Thread

1/10 Some thoughts on $MASI (my 2nd largest position).

Masi has guided for 8-10% growth. They're doing 15% (14% ex ASC adjustments).

99% customer retention makes this better than most software businesses. $MASI competes in a duopoly with $MDT, but $MDT hasn't grown in years. pic.twitter.com/TIYyEESdYB

— Pythia Cap(ital) (@PythiaR) August 11, 2019

From Traf-O-Data to Microsoft $MSFT. Very interesting story

1/ One of the best ways to teach someone about business is to tell a story. One such story is how a prior business experience contributed to the success of Microsoft. Traf-O-Data was created in 1972 by Bill Gates and Paul Allen to convert road volume data and into reports. pic.twitter.com/puWcrA5i5b

— Tren Griffin (@trengriffin) August 12, 2019

$HPQ, $HPE Thread

$HPQ: EV @ 53% revenue, 8x FCF, little debt. $HPE EV @ 73% revenue, cash burn, lots of debt. Both no-growth.
I suppose PCs are bad and "enterprise" is good?

— rubicon59 (@rubicon59) August 12, 2019

$KWR Thread

Quick update on Quaker Chemical - $KWR, which we remain short: https://t.co/3UZ9CEjFkp

— Upslope Capital (@UpslopeCapital) August 9, 2019

$FTCH Thread

First began looking into Farfetch after Jonathan Newhouse resigned from board in the March this year [0] and interest increased when Advance Publications later sold their entire stake in July [1]

[0] https://t.co/3wgDWQVFQd

[1] https://t.co/pz6nauk2WN pic.twitter.com/EsegM2F4RB

— Rad Kapital (@radkapital) August 9, 2019

All these companies are very interesting $ABMD, $NVCR, $AAXN, $PRLB, $PINS, $BR, $YEXT, $ICPT, $I

What companies have no true direct competition?

My list:$ABMD -- temporary heart pumps$NVCR -- tumor treating fields$AAXN -- Tasers/Body Cams$PRLB -- quick turn parts$PINS - visual search

Others?

— Brian Feroldi (@BrianFeroldi) August 9, 2019

$TFF FP TFF Group Thread

TFF Group $TFF FP https://t.co/YZl2CiwyPj pic.twitter.com/mZhGx11uER

— WTCM (@WTCM3) August 9, 2019

See discussion for more ideas

Is there anything investible in healthcare other than instruments/tools that:

a) doesn't require me to have an MSc in biology to understand it
b) won't get swept away by universal healthcare

— Pitts (@pitts_man) August 7, 2019

Everything Warren Buffett has ever written. 4,953 pages

4,953 pages of basically everything Warren Buffett has ever written publically. This is good to ctrl F topics on your mindhttps://t.co/hlCWrbFVRj

— Andrew M. Kuhn (@FocusedCompound) August 8, 2019

ETF Chart

The chart gift that keeps on giving... @biancoresearch pic.twitter.com/PXPmbNLFnc

— Nate Geraci (@NateGeraci) August 10, 2019

Selected Tweets

It's time for some tweets.

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Thanks for reading.

"Best way to learn faster: Have a stake in the outcome.
To learn about food, cook for friends.
To learn about an idea, publish an article about it.
To learn about stocks, invest in the stock market.
Risk awakens our learning muscles like a splash of cold water." David Perell

$TRUP Trupanion Thread

Thanks for this. I did a bunch of reading on $TRUP today. Here are my thoughts, in random order:

1) The short thesis of "its overvalued because it trades at a high P/B" is BS. Insurance companies trade on earnings, even if some analysts pretend otherwise. Look at $PGR (5x book). https://t.co/icxaB6pGbZ

— Evan Tindell (@evantindell) August 8, 2019

$Z, $ZG Zillow Group Thread/1

1/x. Thread. my takeaways from $ZG $Z latest earning. (BTW great questions by analysts make this a fun one whether you're bull or bear). Overall I think company is executing and progressing toward its objectives.

— mspacey (@mspacey4415) August 8, 2019

$Z, $ZG Zillow Group Thread/2

$ZG Earnings Call 🎙: https://t.co/eHELNmA8Lp

Transcript 📝: https://t.co/r3E7NuFzgz pic.twitter.com/N4xfXewt72

— KiD💰 (@kidkapital) August 8, 2019

$PAR Technology Thread

Lots of nuggets from the $PAR earnings call last night:

— Prolific Web Surfer 🏄‍♂️ (@web_prolific) August 7, 2019

$BUR.LN, $BRFRF Long thread on Burford Capital

Initiating thread on Burford (to be updated periodically): We looked at Burford Capital very closely last year, before the stock has become (apparently) fashionable to discuss, as it has this year.

— LST (@LongShortTrader) August 7, 2019

$TDG Thread

(1/n) A few quick thoughts on the $TDG results. I look at organic revenue growth, EBITDA margins, and FCF generation.

Organic revenue growth at 11.8% was obviously great, but also in line with aero peers. Aftermarket sales are strong for everyone. I expected about as much.

— Kyler Hasson (@kylerhasson) August 6, 2019

$CSU.TO, $CNSWF Thread

I finished reading all the Constellation Software letters – some of the best in the business. Mark Leonard might be the most intellectually honest CEO I’ve come across.

I took 11 pages worth of notes! If you’ve ever wanted the SparkNotes version of these letters, here are mine.

— Travis Wiedower (@TravisWiedower) August 6, 2019

$DIS Disney\Hulu Thread

Quick thinking on Disney+/Hulu/ESPN+ bundle:

1) $12.99 is incredible value

2) Think they should add a Hulu/D+ bundle at $10.99 to capture the militant "don't want to pay for sports" crowd and also b/c behavioral psyche would say it makes $12.99 even more enticing

— modest proposal (@modestproposal1) August 7, 2019

$MMM Acquisition of $AVON.LN, $AVNBF

$AVON LN +19% today on acquisition of $MMM ballistic protection business pic.twitter.com/wvlmEffQKu

— WTCM (@WTCM3) August 8, 2019

$ADT Thread

Some $ADT tweets for a quick idea / post tmr

— Andrew Walker (@AndrewRangeley) August 8, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.



"Rich people have small TVs and big libraries, and poor people have small libraries and big TVs." Zig Ziglar

"The most important persuasion tool you have in your entire arsenal is integrity." Zig Ziglar

"Put all excuses aside and remember this: YOU are capable." Zig Ziglar


1. $DIS + Thread

1/ On Disney+, overlooked marketing savings, and antitrust:

You should read this (2014!) article from THR about rising marketing costs.
2007 Transformers was $150M
2014 $200M for tentpole films, and $40M for movies like The Fault in Our Starshttps://t.co/MYO6h6DIS5

— ratch (@ratchmor) September 13, 2019

2. $DIS + Thread

I got some good feedback regarding the $DIS+ platform being able to save marketing spend (~50% of a production budget) & allow DIS to capture competing studios' spend if it can win enough consumers.
Captain Marvel provides a great example. Lots of numbers follow.

— ratch (@ratchmor) September 14, 2019

3. $DIS + Thread

Disney and Apple are not competitive, not competing, generally indifferent to what one another does.

— Matthew Ball (@ballmatthew) September 14, 2019

$BPY Thread

$BPY Q2/19 Investor Letter highlighting what is working in retail

- Sears, Macy's, Bon-Ton anchor tenants replaced with Lifetime Fitness, Costco, Top Golf
- Opportunities to redeveloped malls, almost all of which include a residential componenthttps://t.co/sjk6M73GVr pic.twitter.com/0XgWtmPvqe

— Jerry Capital (@JerryCap) August 2, 2019

$MELI Thread

Not picking on him, but reading a fascinating 2009 article from @timhanso on $MELI. This was his most optimistic scenario for the company in 2019 .

How does reality compare? (See below)https://t.co/YoxBncpBjX pic.twitter.com/O3pIHNdUwr

— Brian Stoffel (@TMFStoffel) August 2, 2019

$BKNG Thread

the $BKNG business model https://t.co/GZIRPxubiD pic.twitter.com/nMgCRcXSPf

— WTCM (@WTCM3) August 4, 2019

Moats

Moats are actually loops. Fun exercise—try to draw this for whatever business you work in or a company you love.

From @maxolson

https://t.co/HkPVf45eyj pic.twitter.com/qznM8CIwBx

— Patrick OShaughnessy (@patrick_oshag) August 4, 2019

Expanding on the Moats above

1/ A recent lightbulb moment of mine was that competitive advantage can be represented visually as 1 or more feedback loops. These create an advantage "flywheel" that maintain and grow a moat over time.

— Max Olson (@maxolson) August 4, 2019

$BLL Thread

$BLL Fisher 2Q19CC: "the amount of growth we are seeing today and are securing into the future is amazing" (cc: $CCK) pic.twitter.com/bo4oY12i4n

— WTCM (@WTCM3) August 4, 2019

$ICE Thread

WSJ profile on $ICE's Project Pillar ("designed to turbocharge the Big Board’s stock and options exchanges and help it regain market share from more tech-savvy rivals") (cc: $CBOE, $CME, $NDAQ) https://t.co/xdPb6AWxsO

— WTCM (@WTCM3) August 5, 2019

Chartstravaganza

Here’s Chartstravaganza … because there’s more than trade disputes

(@crushspread) pic.twitter.com/mbvJpfu23d

— Plan Maestro (@PlanMaestro) August 4, 2019

Selected Tweets

It's time for some tweets.

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Thanks for reading.

"Win the race as slowly as you can. Don’t take chances." Mario Andretti

"The crowd remembers the crashes, the driver remembers the near crashes." Mario Andretti

"If you're so afraid of failure, you will never succeed. You have to take chances. " Mario Andretti

$SQ Thread

August 2014: $SQ acquires food delivery service Caviar for $90M in stock.

August 2019: SQ sells Caviar to DoorDash for $410M in cash/preferred stock.

Not a bad return on investment and positions SQ as neutral platform for all food delivery services to participate.

Nice.

— Matthew Cochrane (@FoolMCochrane) August 1, 2019

$TWOU Thread

I underestimated just how quickly things are changing in education.

"I wouldn't expect the same growth trajectory" actually turned out to be "have come to a grinding halt."

Increasing online competition is *really* hurting $TWOU's business. Here's a look at what's going on. https://t.co/nkb8bzTJWR

— Simon Erickson (@TMFInnovator) July 31, 2019

$CHGG Thread

Chegg $CHGG Q1 2019

- Revenue up 27%
- S&M up just 3% YoY
- Non-GAAP EBIT up 96% YoY (32% margins)
- FCF up 71% (22% margins)
- 2.2 million subscribers (up 29%)

Here are my notes from the earnings call...

— Ryan Reeves (@investing_city) August 2, 2019

$FND Thread

$FND SSS +3% and +14.4% on 2y stack basis

— WTCM (@WTCM3) August 2, 2019

$ALGN Thread

1) Yesterday, after posting my month-end performance summary, I objectively reviewed all my holdings. I do this regularly to remain objective and remove my own biases from the equation.

After going through each company, it dawned on me that $ALGN is no longer suitable for my...

— Puru Saxena (@saxena_puru) August 2, 2019

$Z, $ZG Thread

Zillow Offers (its home-flipping business) is a fairly bold bet by an internet company which primarily has made money selling ads on its website. $ZG $Z

— Luis V. Sanchez (@LuisVSanchez777) July 31, 2019

Charts Thread

Ice cream production during the Great Depression

(@nberpubs) pic.twitter.com/baZvSGbIvX

— Plan Maestro (@PlanMaestro) July 31, 2019

$APPL earning thread

Apple just released 3Q19 earnings:

$53.8 billion of revenue
$2.18 EPS

My estimates were:

$52.9B of revenue
$2.10 EPS

— Neil Cybart (@neilcybart) July 30, 2019

$CIGI Thread

$CIGI - Think the market has the EPS reaction wrong... Guidance hasn't changed and investment mgm't AUM has ramped significantly in the quarter (to $30.3 bn from $26.7 bn in Q1). Flow thru should mean $20+ mm of incremental EBITDA on a full year runrate basis.

— ValuewithaCatalyst (@ValuewaCatalyst) July 30, 2019

$CSU.TO, $CNSWF Thread

According to Mark Leonard, retaining the best sort of talent is “the internal execution issue that poses the greatest threat to our continued success” pic.twitter.com/E4Ny45EOoR

— Paul Barnes (@LennyIce) January 13, 2019

Selected Tweets

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Thanks for reading.

"You have to be burning with an idea, or a problem, or a wrong that you want to right. If you're not passionate enough from the start, you'll never stick it out." Steve Jobs

"The heaviness of being successful was replaced by the lightness of being a beginner again." Steve Jobs

"Everything around you that you call life was made up by people, and you can change it." Steve Jobs

Thread on $FISV, $FDC - cc $SQ

For what it’s worth, a ranking of top cloud based POS payment providers: (1) $SQ = $85B gross volume processed (2018)
(2) Clover $FDC $FISV = $70B (2018)
(3) Upserve = $10B (2018)
(4) Lightspeed = $18B (ever)
(5) Touch Bistro = $9B (ever)

— CORE Dental DDS (@CoreDentalDDS) May 10, 2019

$COR Thread

$COR CEO 7/25 on supply/pricing challenges in NVA hyperscale market pic.twitter.com/5jDsGqCav5

— WTCM (@WTCM3) July 28, 2019

Chartstravaganza - 20 charts

Here’s Chartstravaganza … because goals start somewhere

(@gocomics) pic.twitter.com/kWoOu0nKwZ

— Plan Maestro (@PlanMaestro) July 28, 2019

$ETSY Thread

Good article on Etsy $ETSY

Here are some takeaways from its turnaround under CEO Josh Silverman

— Ryan Reeves (@investing_city) July 28, 2019

$TTD Thread

Investor day pretty good place to start. Basically, a financial adviser for ad buyers. Helps clients deploy ad spend more efficiently. It takes ~20% of spend that goes through its platform. If it helps clients be 20% more efficient vs on their own, it wins more share of spend.

— 1 Main Capital (@1MainCapital) July 27, 2019

What is Lockup Agreement discussion $BYND

A lockup agreement is put in place to protect *the underwriters.* Proof of that is the fact that the underwriters just waived the lockup in the case of BYND. Any need underwriters had for protection under that agreement disappeared long ago. They now want fees from the secondary.

— Tren Griffin (@trengriffin) July 30, 2019

Sooner Capital current portfolio

Current Portfolio:
HEI.A-7%
CNSWF-6%
AMZN-6%
MCO-5%
BAM-5%
LSXMK-4%
DIS-4%
FB-4%
MSFT-4%
V-3%
CABO-3%
LBRDK-3%
SPGI-3%
TDG-3%
MA-3%
GOOG-3%
Various-34%

— soonercapital (@soonercapital) July 13, 2019

$ROL Thread

$ROL organic rev +3.6% y/y in 2Q19 (resi +4.6%, commercial +2.8% and termite & ancillary +4.6%). 1H19 org growth of 3.4% vs. 10y avg of 4.8% (cc: $SERV, $RTO LN)

— WTCM (@WTCM3) July 29, 2019

Thread on the book Netflixed by Gina Keating

Just finished rereading Netflixed. Good quick tale of the founding through Qwickster. Renewed appreciation for how farsighted and bold Netflix was. At almost every decision point, they went for broke. I want to focus on one of those, because it’s pretty wild. Total Access.

— modest proposal (@modestproposal1) July 27, 2019

20 Rules for markets and investing by Charlie Bilello

I don't know.

see rule #15 https://t.co/oDj5Wq5xlD pic.twitter.com/Z6EaOQnHOd

— Charlie Bilello (@charliebilello) July 27, 2019

Selected Tweets

It's time for some tweets.

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Thanks for reading.

"The essence of business to me is great people run great companies. Mediocre people don't do a very good job." Kenneth Langone

"You can have a phenomenal technology with bad people; you're not gonna have much success. You can have mediocre technology with great people; they'll figure out a way to make a buck." Kenneth Langone

$PYPL Thread

1/ PayPal $PYPL reported its 2019 Q2 earnings results last night and is trading down about 4% today, so let's talk about it...

TL;DR: Another solid quarter, rev came in at $4.31B, +12% YOY, non-GAAP EPS $0.86, +47% YOY.

But those numbers come w/ some caveats...

(cont)

— Matthew Cochrane (@FoolMCochrane) July 25, 2019

Funny $CHWY Thread

Saw Einhorn short $CHWY and figured I'd flip through the investor presentations... and then saw this photo in their shareholder letter.

IMO you'd have to be out of your mind to short something this cute.https://t.co/rW3JdFe656 pic.twitter.com/7hzBDyKRTC

— Andrew Walker (@AndrewRangeley) July 25, 2019

$FB Thread

1) $FB Q2 2019

- The $FB FCF machine will go into overdrive as we lap the investment cycle in 2020/2021

- $FB generated $4.8 billion in FCF in the quarter, has $48.6 billion in cash, and bought back approximately $1.1 billion of shares. pic.twitter.com/b5BSpkCH9J

— Jerry Capital (@JerryCap) July 25, 2019

$ALGN Thread

(1) Thread on $ALGN @DarkSideOfTheSt @Butler60S @bluff_capital @jonathanrockoff @LibertyRPF @victoriouscake @LSValue @WallStCynic

— CT Capital (@CrowdedTradeCap) March 28, 2019

Brief history of Visa $V

Brief History of Visa https://t.co/u6zqYbT2kz

— Mine Safety (@MineSafety) May 29, 2019

Why REITs trade at a discount to PMV? - thread $SLG, $VNO

Thought this was a really interesting exchange on the $SLG earnings call.

Typical question is why REITs trade at a discount to PMV; analyst inverts and asks if discounts are hitting PMV.

Company says no; buyers prefer private real estate for illiquidity + no mark to market. pic.twitter.com/T3rINBCT8E

— Andrew Walker (@AndrewRangeley) July 19, 2019

$NFLX Thread

1) Winbrun wrote a $NFLX long thesis on VIC on June 26 2016 @ $86/share here is his/her post: https://t.co/IPxaszr56H

While the price has changed the long thesis has IMO not. I wanted to add in a thread of his comments over the last two years.

— Jerry Capital (@JerryCap) July 24, 2019

$ELS Thread

$ELS 2Q19: "we increased occupancy by 204 sites YTD, and this quarter marks our 39th consecutive quarter of occupancy growth. Customer demand to live in our communities continues to be high. The ownership transfer activity within our communities shows the strength of the market."

— WTCM (@WTCM3) July 24, 2019

$AZO Thread

#1 @iancassel Ian posted some eye popping figures about $AZO Autozone and its fantastic run since 1999. Time for a mini-AZO tweet storm! https://t.co/wgRxEIDncu

— EightTrack (@EightTrack180) July 15, 2019

Earnings quality and credit

Let's talk about earnings quality and credit. 43% of syndicated loan deals featured Ebitda addbacks in the first half of this year. That's a record proportion, according to BAML. If you strip those addbacks out, Ebitda/Interest coverage levels on loans are the lowest since 2005. pic.twitter.com/nwSb8kwZiv

— Tracy Alloway (@tracyalloway) July 22, 2019

Quotes from The Meaning of It All: Thoughts of a Citizen-Scientist By Richard Feynman

1) Some quotes from The Meaning of It All: Thoughts of a Citizen-Scientist By Richard Feynmanhttps://t.co/KTA36PcPzZ pic.twitter.com/WIFLcnXjaK

— Jerry Capital (@JerryCap) July 25, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"The purpose of an organization is to enable ordinary humans beings to do extraordinary things." Peter Drucker

"Change is the norm; unless an organization sees that its task is to lead change, that organization will not survive." Peter Drucker

"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity." Peter Drucker

$YEXT Thread

Just took a position in $YEXT, who could be a huge winner as AI assistants gain adoption.

I'm now modeling out its growth, since DKM is so new & not yet well-defined. Will post my results & full thesis soon.

A huge thanks to @EvanKnowles_ who first brought YEXT to my attention.

— Simon Erickson (@TMFInnovator) July 23, 2019

$BKI Thread

Thread on Black Knight Inc. $BKI.

BK is a mortgage software provider to banks and other institutions to help them manage mortgage servicing and origination processes. Costs of servicing and originating mortgages for banks have increased significantly in recent years

— Quercus Ilex Investor (@QuercusCap) July 21, 2019

$APTL Discussion

Alaska Power and Telephone $APTL produced $4.70 in FCF in the first half of 2019 against a share price of $60. Boring stock, but value for the patient. https://t.co/qowXpLLu31

— Dave Waters (@alluvialcapital) July 19, 2019

$POOL Thread

$POOL saw strong discretionary demand in 2Q19; base business +4% y/y despite poor May weather in TX, CA and AZ (cc: $PNR, $FDR) https://t.co/XmknO5tyLy pic.twitter.com/Mgsvuj9b3f

— WTCM (@WTCM3) July 19, 2019

$SPOT Thread

Compared to Netflix, Spotify has several advantages with content creators that could make its path to participating in content economics even easier...

— Bluegrass Capital (@BluegrassCap) July 20, 2019

$MSFT Thread and discussion

Satya subtweeting AWS: "We are building Azure as the world's computer, addressing customers' real-world operational sovereignty and regulatory needs. We have 54 data center regions, more than any other cloud provider, and we were the first in Middle East and in Africa." $MSFT

— Liberty (@LibertyRPF) July 19, 2019

e-commerce battle $AMZN, $WMT

great longer read into the $WMT / $AMZN e-comm battle: "Multiple sources tell Recode that [Walmart] is projecting losses of more than $1B for its US e-commerce division this year, on revenue of between $21B and $22B" https://t.co/KQMQq1okI4

— WTCM (@WTCM3) July 5, 2019

$TDG Thread

(1/n) $TDG selling part of the $ESL biz that it recently acquired:https://t.co/S1ipDFPfll$TDG acquired $ESL at ~2x sales and is now divesting sales of $363mm for $920mm, or ~2.5x sales. I had assumed they'd sell $500mm in sales for $1bb. pic.twitter.com/IAGetVN96m

— Kyler Hasson (@kylerhasson) July 22, 2019

$ETFC Thread

$ETFC CEO opening 2Q call: "With respect to capital return, we announced a new $1.5B auth and began tactically shifting our balance sheet to free capital, which allows us to opportunistically repo add'l stock at an extremely compelling value"; reaffirms >$7 EPS by '23 target

— WTCM (@WTCM3) July 22, 2019

$TYL vs $SPX

$TYL underperforming the $SPX over the last three years (-14% relative performance).

Working off a little bit of its recent mutliple (7.6x EV/sales). pic.twitter.com/5dAYYXeUUb

— Jerry Capital (@JerryCap) July 23, 2019

$UBS Thread

$UBS CEO this morning on wealth mgmt biz: "we had record profits in the Americas and global invested assets reached an all time high of $2.5 trillion"

— WTCM (@WTCM3) July 23, 2019