Special Situations 🌐 Newsletter (Jay Singh III)
Even $MSFT cutting employees (to a smaller extent)...how quickly we go from a tight tech labor market to one where every company is firing!
https://t.co/JF3n9qSFor
Microsoft is cutting a small percentage of its workforce, while rapid-delivery startup Gopuff says it is cutting 10% of its workforce, the latest in a string of layoffs by high-profile tech companies https://t.co/xq1JqE5GQN - The Wall Street Journal
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Special Situations 🌐 Newsletter (Jay Singh III)
HK may loosen quarantine requirements by November... How is this positive? November is 5 months away? Poor Asian capital markets...
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Special Situations 🌐 Newsletter (Jay Singh III)
Companies like Chicago's $MORN Morningstar restructuring and relocating out of China because of restrictions:

Breaking: "Morningstar Inc. is slashing its workforce in Shenzhen, as it seeks to relocate headcount to other countries amid a restructuring in China."
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MastersInvest.com
“As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics.” Charlie Munger
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Special Situations 🌐 Newsletter (Jay Singh III)
Funniest thing about $NOW: less than one month ago, a well known bank held a fireside chat with CFO Gina Mastantuono, and she reiterated confidence in the 2Q22 guidance. She was very bullish ServiceNow Impact...

Imagine how many other bullish executives may change their minds? https://t.co/ksg5Fmgo8E
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MastersInvest.com
RT @psa10memes: True https://t.co/RUvQigUnPW
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MastersInvest.com
"If we were in an oil stock, it’s because we think it offers a lot of value at this price, but it does not mean that we think the price of oil is going up. If we thought oil was going up, we could buy oil futures, which we actually did once...." Warren Buffett 2007
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MastersInvest.com
“If you want to get smart, the question you’ve got to keep asking is: Why? Why? Why? Why?” Charlie Munger
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MastersInvest.com
"The worst thing that could happen with this company today is if we start playing a quarterly game." https://t.co/BEYFUBIgKg
$RH long term investments and margins vs. home furnishing peers https://t.co/XXEEzCfS4w - Sleepwell 🛌
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MastersInvest.com
RT @RampCapitalLLC: You can’t tell me there isn’t other life forms out there currently dealing with a bear market like we are https://t.co/acbLLSmTLF
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Special Situations 🌐 Newsletter (Jay Singh III)
BofA's $SPY earnings expectations for 2Q have "come down more than avg cut of 4% in last 3 months, but excluding Energy cut has been deeper at 5%."

Why? Falling guidance ratio, ailing corp sentiment, slowing signs in consumption & industrial activity, negative economic surprises
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Special Situations 🌐 Newsletter (Jay Singh III)
KeyBanc analyst John Vinh lowered the firm's estimates on chipmakers Nvidia $NVDA and Advanced Micro Devices $AMD in a research note Tuesday.

The analyst reduced forecasts after its quarterly supply chain findings were mixed, but "mostly negative."
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Steven Kiel
RT @JamesMelville: This is such a fabulous photo. Reflections of Paris and the Eiffel Tower. I’m trying to find the source of this photo. Can anyone help? https://t.co/dPKdmtHJZv
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Special Situations 🌐 Newsletter (Jay Singh III)
1/ Just spent a couple hours reading and rereading $TWTR's lawsuit Verified Complaint with the Chancery Court of Delaware. Plaintiff summary below:

"Musk refuses to honor his obligations to $TWTR and SH because the deal he signed no longer serves his personal interests."
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Steven Kiel
RT @abroninvestor: This is an exceptional read. Wish I could draft like this! (and you don't have to agree with it all, but I'm tempted) No current $TWTR position, but obvious why the stock jumped 4%+ overnight (see @puppyeh1 comments past few days) https://t.co/8PU2nP6D3g
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