Selected Tweets

It's time for some tweets.

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"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.

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