⁠Quiver Quantitative
Senator Markwayne Mullin has endorsed a pay raise for members of Congress.

He said:

"The worst financial decision I ever made was running for Congress"

We have seen more stock trades from Mullin than almost anyone else in the Senate this year: https://t.co/AbfVSfaZRH
tweet

⁠Dimitry Nakhla | Babylon Capital®
After today’s decline, the S&P 500 is now down a massive -0.36% in the past month $SPY 😂 https://t.co/2iMDyRA6nP
tweet

⁠Quiver Quantitative
Working on using AI to break down the 1,500 page continuing resolution into something more digestible.

Here's a long list of some of the spending outlined within the resolution:

Emergency expenses related to losses of revenue and production of crops: $30.8B

FEMA Disaster Relief Fund, Funding for major disasters: $29.0B

Community Development Fund, Funding for disaster recovery and resilience activities: $12.0B

Emergency Relief Program, Funding for repair damages resulted from cargo ship Dali: $8.1B

Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Columbia Class Submarine (AP): $6.0B

Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Virginia Class Submarine program and workforce wage improvements: $5.7B

Capital Improvement and Maintenance, Expenses for wildfires and natural disasters: $3.5B

Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Columbia Class Submarine: $2.9B

National Forest System, Expenses related to the consequences of wildfires and natural disasters: $2.5B

Department of the Interior National Park Service Construction, Expenses related to natural disasters: $2.3B

Small Business Administration Disaster Loans Program Account, Cost of direct loans for disaster assistance: $2.2B

Office of the Secretary, Assistance to producers of livestock and related losses: $2.0B

State and Tribal Assistance Grants, Safeguarding drinking water facilities affected by natural disasters: $1.8B

Economic Development Assistance Programs, Economic adjustment assistance related to flood mitigation, disaster relief, long-term recovery, and restoration of infrastructure in disaster areas: $1.5B

Department of Homeland Security Hermit's Peak/Calf Canyon Fire Assistance Account, Funding for fire assistance: $1.5B

Department of Defense Operation and Maintenance, Navy,Expenses related to consequences of various hurricanes and severe storms: $1.5B

State and Tribal Assistance Grants, Clean Water State Revolving Funds capitalization grants: $1.2B

Military Construction, Navy and Marine Corps,Expenses for Typhoon Mawar consequences: $1.1B

Emergency Watershed Protection Program, Emergency expenses for watershed protection: $920.0M

Department of Defense—Operation and Maintenance—Defense-Wide, Risk reduction and modification of National Security Systems: $913.4M

Department of Defense Operation and Maintenance, Airforce,Expenses related to consequences of certain hurricanes and Typhoon Mawar: $912.8M

Emergency Conservation Program, Assistance for emergency conservation: $828.0M

Corps of Engineers—Civil Flood Control and Coastal Emergencies, Expenses to prepare for flood and hurricane disasters: $745.0M

National Aeronautics and Space Administration Construction and Environmental Compliance and Restoration, Repair and replacement of NASA facilities damaged by natural disasters: $740.2M

Corps of Engineers—Civil Construction, Emergency expenses to address natural disasters: $700.0M

Department of Commerce—National Oceanic and Atmospheric Administration—Procurement, Acquisition and Construction,Acquisition schedule for Geostationary Earth Orbit: $625.0M

Department of the Interior United States Fish and Wildlife Service Construction, Expenses related to natural disasters: $500.0M

National Oceanic and Atmospheric Administration Procurement, Acquisition and Construction,Repair and replacement of observing assets and acquisition of hurricane hunter aircraft: $499.0M

Military Construction, Air Force,Expenses for Typhoon Mawar consequences: $487.3M

Department of Defense Operation and Maintenance, Army,Expenses related to consequences of severe storms and hurricanes: $451.9M

Rural Development Disaster Assistance Fund, Rural development disaster assistan[...]

ce: $362.5M

Emergency Forest Restoration Program, Assistance for emergency forest restoration: $356.5M

Fisheries Disaster Assistance, Fishery resource disaster relief: $300.0M

Payments to States for the Child Care and Development Block Grant, Expenses for child care services: $250.0M

Payments to States for the Child Care and Development Block Grant, Expenses related to major disasters: $250.0M

International Boundary and Water Commission, United States and Mexico,Construction expenses: $250.0M

National Oceanic and Atmospheric Administration Operations, Research, and Facilities,Repair and replacement of observing assets and mapping services: $244.0M

Department of Homeland Security Coast Guard Procurement, Construction, and Improvements,Expenses related to consequences of disasters: $210.2M

State, Private, and Tribal Forestry,Forest Health Protection assistance for spruce budworm outbreak: $208.0M

Department of the Interior Indian Affairs Bureau of Indian Education Education Construction, Expenses related to natural disasters: $153.0M

Department of Defense Other Procurement, Air Force,Expenses related to consequences of Typhoon Mawar: $129.7M

Department of Defense Procurement, Procurement of Ammunition,Army,Expenses related to consequences of Hurricane Helene: $125.1M

Department of Homeland Security Coast Guard Operations and Support, Expenses related to Francis Scott Key Bridge collapse and other disasters: $102.5M

Family Housing Operation and Maintenance, Navy and Marine Corps,Expenses related to Typhoon Mawar: $102.2M

State and Tribal Assistance Grants, Hazardous waste financial assistance and solid waste management activities: $95.0M

Department of Defense Operation and Maintenance, Space Force,Expenses related to consequences of certain hurricanes and Typhoon Mawar: $90.2M

District of Columbia—Federal Payment for Emergency Planning and Security Costs in the District of Columbia, Costs associated with the Presidential Inauguration: $90.0M

State and Tribal Assistance Grants, Clean Water State Revolving Funds capitalization grants: $85.0M

National Forest System, Funding for shaded fuel breaks construction and maintenance: $75.0M

Department of the Interior Bureau of Reclamation, Water and Related Resources,Expenses related to natural disasters: $74.5M

Department of Defense Research, Development,Test and Evaluation,Airforce,Expenses related to consequences of Typhoon Mawar: $69.3M

Forest Service Operations, Expenses for wildfires and natural disasters: $68.1M

Federal Prison System Buildings and Facilities, Necessary expenses related to consequences of major disasters: $64.8M

State and Tribal Assistance Grants, Water emergencies address funds under Safe Drinking Water Act: $60.0M

Department of Energy Strategic Petroleum Reserve, Expenses related to damages caused by natural disasters: $60.0M

Department of the Interior Bureau of Land Management Management of Lands and Resources, Expenses related to natural disasters: $58.1M

Corps of Engineers—Civil Mississippi River and Tributaries, Expenses related to Corps projects caused by natural disasters: $50.0M

Department of the Interior National Park Service Historic Preservation Fund, Expenses related to natural disasters: $50.0M

Safe Drinking Water Act Amendment, Increase funding for various drinking water programs: $50.0M

Buildings and Facilities, Emergency expenses for agricultural research facilities: $42.5M

Medical Facilities, Expenses related to Hurricanes Milton and Helene and other disasters: $41.7M

Department of Defense Research, Development,Test and Evaluation,Army,Expenses related to consequences of severe storms: $41.4M

Department of Defense Procurement, Space Force,Expenses related to consequences of Typhoon Mawar: $38.0M

Recycling Infrastructure and Accessibility Program, Funding to improve recycling accessibility in underserved communities: $30.0M

Family Housing Construction, Navy and Marine Corps,Expenses related to Typhoo[...]

⁠InsideArbitrage
🏘️ $TPH Tri Pointe Homes, Inc. Announces $250 Million Stock Repurchase Program (7% of its current market cap) which succeeds the Dec 2023 plan

🏠 Under this plan, the homebuilder repurchased 1.2 million shares in Q4 at an average price of $41.57, totaling $50 million, and 3.96 million shares YTD at $36.97, totaling $146.6 million

🏠 It has been consistent with share repurchases, reducing shares outstanding by 25+% in the last 4 yrs!
tweet

⁠InsideArbitrage
$GO Grocery Outlet has appointed Christopher M. Miller as EVP & CFO, effective January 6, 2025. Miller joins from Shamrock Foods, where he served as CFO since January 2023. He will report to Eric J. Lindberg Jr., who has been serving as Interim President & CEO since October 2024. 📈

💼 Compensation Package

Base Salary: $550K 💵
Target Bonus: 60% of base salary 💰
Signing Bonus: $100K 🎉
Equity: Annual grants worth 200% of salary (60% PSUs, 40% RSUs) + $400K RSUs as a new hire grant 📊

🔄 Transition Details
Lindsay E. Gray will step down as Interim CFO on January 6, 2025, after serving in the role since February 2024. She will continue as SVP, Accounting & Principal Accounting Officer. 🤝

This follows the resignation of RJ Sheedy in October, which led to Lindberg stepping in as Interim CEO. The company is actively searching for a permanent CEO. 🚀

The stock is down nearly 41% since last year.
tweet

⁠Investing visuals
It’s been a while since we’ve seen a red day like this. Did you pick up shares of your favorite companies? 💸 https://t.co/Un9ORrLTX4
tweet

⁠Stock Analysis Compilation
Diamond Hill on Allfunds $ALLFG NA

Thesis: Allfunds’ structural growth drivers and exchange-like platform make it an undervalued leader in European fund distribution

(Extract from their Q3 letter) https://t.co/vsfR81Cf53
tweet

⁠Startup Archive
Elon Musk on the most important lesson he learned at PayPal

“The initial thought with PayPal was to create an agglomeration of financial services. So you’d have one place where all of your financial services needs would be seamlessly integrated and work smoothly. And then we had a little feature for email payments. And whenever we’d show the system off to someone, we’d show the hard part — the agglomeration of financial services, which was quite difficult to put together. Nobody was interested. Then we’d show people email payments, which was actually quite easy, and everybody was interested.”

Elon continues:

“I think it’s important to take feedback from your environment. You want to be as closed-loop as possible. And so we focused on email payments and really tried to make that work. And that’s what really got things to take off. But if we hadn’t responded to what people said, then we probably would not have been successful. So it’s important to look for things like that and focus on them when you see them and correct your prior assumptions.”
tweet

⁠InsideArbitrage
Capital One $COF announced it received approval from the Office of the Delaware State Bank Commissioner on December 18, 2024, to complete its acquisition of Discover Financial $DFS.

Capital One anticipates that the transaction will close in early 2025, subject to the approval by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency.
tweet

⁠Stock Analysis Compilation
Riverwater Partners on Uranium Energy Corp $UEC US

Thesis: Uranium Energy Corp. stands to benefit from clean energy demand, supply constraints, and geopolitical diversification

(Extract from their Q3 letter) https://t.co/sE6FkgMvmA
tweet