InsideArbitrage
$UBER enters into $1.5 billion accelerated share repurchase program with Bank of America
🏎️ This is part of its prior $7 billion share repurchase authorization which was announced in Feb last year
🏎️ During the three and nine months ended September 30, 2024, the company repurchased 5.3 million and 10.1 million shares of common stock, respectively, for $375 million and $701 million, respectively
🏎️As of September 30, 2024, $6.3 billion remained under its share repurchase program
CFO: "Our stock is undervalued relative to the strength of our business, and we plan to accelerate our buybacks under the existing authorization as a result. This ASR represents a value-enhancing deployment of capital, retiring over one percent of our market cap."
https://t.co/OGzKUFPY4x
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$UBER enters into $1.5 billion accelerated share repurchase program with Bank of America
🏎️ This is part of its prior $7 billion share repurchase authorization which was announced in Feb last year
🏎️ During the three and nine months ended September 30, 2024, the company repurchased 5.3 million and 10.1 million shares of common stock, respectively, for $375 million and $701 million, respectively
🏎️As of September 30, 2024, $6.3 billion remained under its share repurchase program
CFO: "Our stock is undervalued relative to the strength of our business, and we plan to accelerate our buybacks under the existing authorization as a result. This ASR represents a value-enhancing deployment of capital, retiring over one percent of our market cap."
https://t.co/OGzKUFPY4x
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Startup Archive
Elon Musk: “Technology does not automatically improve”
“People are mistaken when they think that technology just automatically improves. It does not automatically improve. It only improves if a lot of people work very hard to make it better. And actually it will I think—by itself—degrade.”
Elon continues:
“If you look at the progress in space, in 1969 we were able to send somebody to the moon. Then we had the Space Shuttle. The Space Shuttle could only take people to low-earth orbit. Then the Space Shuttle retired and the United States could take no one to orbit.”
This is why he believe SpacEx’s mission of making humans a space-faring civilization is so important. It’s not inevitable, and it will require a lot of talented people working really hard to make it happen.
“You look at great civilizations like ancient Egypt, and they were able to make the pyramids, and they forgot how to do that. And the Romans, they built these incredible aqueducts. They forgot how to do it.”
Video source: @TEDTalks (2017)
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Elon Musk: “Technology does not automatically improve”
“People are mistaken when they think that technology just automatically improves. It does not automatically improve. It only improves if a lot of people work very hard to make it better. And actually it will I think—by itself—degrade.”
Elon continues:
“If you look at the progress in space, in 1969 we were able to send somebody to the moon. Then we had the Space Shuttle. The Space Shuttle could only take people to low-earth orbit. Then the Space Shuttle retired and the United States could take no one to orbit.”
This is why he believe SpacEx’s mission of making humans a space-faring civilization is so important. It’s not inevitable, and it will require a lot of talented people working really hard to make it happen.
“You look at great civilizations like ancient Egypt, and they were able to make the pyramids, and they forgot how to do that. And the Romans, they built these incredible aqueducts. They forgot how to do it.”
Video source: @TEDTalks (2017)
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InsideArbitrage
U.S. Steel $X and Nippon Steel filed two lawsuits after President Biden blocked their merger -
✴️The first, a court petition filed in the United States Court of Appeals for the D.C. Circuit, claims that President Biden and CFIUS violated their rights by blocking the transaction without a proper national security review.
✴️In the second, U.S. Steel and Nippon Steel sued Cleveland-Cliffs $CLF, its CEO Lourenco Goncalves, and USW President David McCall in the United States District Court for the Western District of Pennsylvania, filing a Complaint and motion for a preliminary injunction, alleging illegal collusion and anticompetitive actions to monopolize the steel market.
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U.S. Steel $X and Nippon Steel filed two lawsuits after President Biden blocked their merger -
✴️The first, a court petition filed in the United States Court of Appeals for the D.C. Circuit, claims that President Biden and CFIUS violated their rights by blocking the transaction without a proper national security review.
✴️In the second, U.S. Steel and Nippon Steel sued Cleveland-Cliffs $CLF, its CEO Lourenco Goncalves, and USW President David McCall in the United States District Court for the Western District of Pennsylvania, filing a Complaint and motion for a preliminary injunction, alleging illegal collusion and anticompetitive actions to monopolize the steel market.
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InsideArbitrage
Teoxane SA, a swiss medical aesthetics company has proposed to acquire Revance Therapeutics, Inc. $RVNC, for $3.60 per share in cash.
This offer, announced today, represents a 16% premium over the price set in Revance's amended agreement with Crown Laboratories, which was $3.10 per share.
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Teoxane SA, a swiss medical aesthetics company has proposed to acquire Revance Therapeutics, Inc. $RVNC, for $3.60 per share in cash.
This offer, announced today, represents a 16% premium over the price set in Revance's amended agreement with Crown Laboratories, which was $3.10 per share.
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Startup Archive
Marc Andreessen on hiring for curiosity:
"Curiosity is a proxy for, do you love what you do?
Anyone who loves what they do is inherently intensely curious about their field, their profession, their craft.
They read about it, study it, talk to other people about it... immerse themselves in it, continuously.
And work like hell to stay current in it.
Not because they have to.
But because they love to.
Anyone who isn’t curious doesn’t love what they do.
And you should be hiring people who love what they do."
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Marc Andreessen on hiring for curiosity:
"Curiosity is a proxy for, do you love what you do?
Anyone who loves what they do is inherently intensely curious about their field, their profession, their craft.
They read about it, study it, talk to other people about it... immerse themselves in it, continuously.
And work like hell to stay current in it.
Not because they have to.
But because they love to.
Anyone who isn’t curious doesn’t love what they do.
And you should be hiring people who love what they do."
Hire for Curiosity by @pmarca https://t.co/P886cd9SsL tweet
Dimitry Nakhla | Babylon Capital®
Semiconductor Growth Est & Multiples ⚛️
1) ASML Holding $ASML ☀️
• NTM P/E: 30.00x
• 2025 EPS Growth: 22.1%
• 2026 EPS Growth: 25.7%
• 2027 EPS Growth: 23.9%
2) NVDA $NVDA 🤖
• NTM P/E: 36.63x
• 2026 EPS Growth: 50.0%
• 2027 EPS Growth: 26.1%
• 2028 EPS Growth: 9.1%
3) Lam Research $LRCX 🖨️
• NTM P/E: 20.78x
• 2025 EPS Growth: 16.7%
• 2026 EPS Growth: 17.6%
• 2027 EPS Growth: 15.2%
4) Applied Materials $AMAT 💽
• NTM P/E: 20.05x
• 2025 EPS Growth: 9.1%
• 2026 EPS Growth: 11.9%
• 2027 EPS Growth: 7.7%
5) Taiwan Semiconductor $TSM 💿
• NTM P/E: 19.24x
• 2025 EPS Growth: 30.8%
• 2026 EPS Growth: 18.8%
6) Advanced Micro Devices $AMD 🕹️
• NTM P/E: 27.78x
• 2025 EPS Growth: 53.5%
• 2026 EPS Growth: 38.2%
• 2027 EPS Growth: 29.1%
7) KLA Corp $KLAC 📠
• NTM P/E: 21.62x
• 2025 EPS Growth: 27.4%
• 2026 EPS Growth: 7.1%
• 2027 EPS Growth: 13.8%
#stocks #investing
*Please note that growth percentages are based on current estimates, which are subject to change. Additionally, it's essential to keep in mind that the farther we look into the future, the less precise these estimates become
*data from tikr
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Semiconductor Growth Est & Multiples ⚛️
1) ASML Holding $ASML ☀️
• NTM P/E: 30.00x
• 2025 EPS Growth: 22.1%
• 2026 EPS Growth: 25.7%
• 2027 EPS Growth: 23.9%
2) NVDA $NVDA 🤖
• NTM P/E: 36.63x
• 2026 EPS Growth: 50.0%
• 2027 EPS Growth: 26.1%
• 2028 EPS Growth: 9.1%
3) Lam Research $LRCX 🖨️
• NTM P/E: 20.78x
• 2025 EPS Growth: 16.7%
• 2026 EPS Growth: 17.6%
• 2027 EPS Growth: 15.2%
4) Applied Materials $AMAT 💽
• NTM P/E: 20.05x
• 2025 EPS Growth: 9.1%
• 2026 EPS Growth: 11.9%
• 2027 EPS Growth: 7.7%
5) Taiwan Semiconductor $TSM 💿
• NTM P/E: 19.24x
• 2025 EPS Growth: 30.8%
• 2026 EPS Growth: 18.8%
6) Advanced Micro Devices $AMD 🕹️
• NTM P/E: 27.78x
• 2025 EPS Growth: 53.5%
• 2026 EPS Growth: 38.2%
• 2027 EPS Growth: 29.1%
7) KLA Corp $KLAC 📠
• NTM P/E: 21.62x
• 2025 EPS Growth: 27.4%
• 2026 EPS Growth: 7.1%
• 2027 EPS Growth: 13.8%
#stocks #investing
*Please note that growth percentages are based on current estimates, which are subject to change. Additionally, it's essential to keep in mind that the farther we look into the future, the less precise these estimates become
*data from tikr
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Stock Analysis Compilation
Liontrust on TransMedics $TMDX US
Thesis: TransMedics revolutionizes organ transplantation with advanced care systems, unlocking untapped donor pools and saving lives
(Extract from their Q3 letter) https://t.co/9NByg9ynaa
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Liontrust on TransMedics $TMDX US
Thesis: TransMedics revolutionizes organ transplantation with advanced care systems, unlocking untapped donor pools and saving lives
(Extract from their Q3 letter) https://t.co/9NByg9ynaa
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Quiver Quantitative
We recently noticed purchases of Tactile Systems stock disclosed by Senator Tina Smith.
This trade stood out to us, because Smith is a member of the Senate Committee on Health.
$TCMD has now risen another 13% since we posted this report: https://t.co/2bQHEs6VRe
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We recently noticed purchases of Tactile Systems stock disclosed by Senator Tina Smith.
This trade stood out to us, because Smith is a member of the Senate Committee on Health.
$TCMD has now risen another 13% since we posted this report: https://t.co/2bQHEs6VRe
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