Selected Tweets

It's time for some tweets.

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"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