Investing visuals
The $17B $NBIS & $MSFT deal just reaffirmed AI is still so early!

Key players:

• Phase 1: $NVDA, $ASML, $AMD, $TSMC, $NBIS, $ALAB

• Phase 2: $MSFT, $META, $GOOGL, $AMZN

• Phase 3: $PLTR, $NOW, $TEM, $CRWD, $NET

• Phase 4: $SPOT, $SHOP, $NFLX, $TSLA, $DUOL https://t.co/8iQpJeg3AU
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Aadit Sheth
RT @aaditsh: This guy literally explains how to unlock wild creativity https://t.co/btAxqezCpc
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Riley Brown
If you’re a start up founder and have spent a lot of time in “pivot hell” and things aren’t moving…

I beg you. Spend 1-2 years just making content.

Don’t think of it a performative. Simply learn, build, post… without ANY expectation of anything in return.

Just create written or video content that helps people learn about the thing you’re tinkering with.

Through this process you will:

1. Build an audience
2. Build internet instincts
3. Follow your interests rather than the money
4. Will bring you opportunities you never new existed (I met my cofounders on X)

I spent 2.5 years doing this before becoming a founder.

That whole period was basically increasing the potential energy for me to go all in.
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Gainify
RT @HeroDividend: Monday reminder https://t.co/dTl6q8es3L
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Dalius - Special Sits
$PMVP is a micro-cap biotech that looks like another cash-burning science project… but this setup is way more interesting.

Two distinct ways to win, and an imminent catalyst (Phase 2 trial readout tomorrow)👇
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Aadit Sheth
This physicist literally dropped the coldest truth about life https://t.co/DMeLwsqKiz
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Umesh
🎨 Hidden Wonders 🎨

Prompt: A photorealistic image of a torn piece of paper revealing [INSIDE VIEW]. The torn paper is vertically oriented, with the edges rough and uneven, as if ripped by hand. The contrast between the textured white paper and the detailed landscape creates a striking visual effect, capturing a feeling of discovery and wonder.
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Simplifying Stocks, CPA
BREAKING ⚠️

NASDAQ $NDAQ TO BUY $50 MILLION IN BITCOIN $BTC TAKING ON TREASURY STATUS

Bubble or what? https://t.co/WzKrc8xCUI
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Aadit Sheth
RT @neatprompts: This guy literally explains how to grow your brain like a muscle (in 4 mins) https://t.co/1XM6uLPBjQ
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Simplifying Stocks, CPA
BREAKING ⚠️

NASDAQ $NDAQ TO BUY $50 MILLION IN BITCOIN $BTC

Bubble or what? https://t.co/9f6tc9L2yI
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Dalius - Special Sits
Despite my skepticism about Forager’s ability to take $QIPT private, the situation remains interesting.

Forager continues to push management to engage. A week ago, the fund released another public letter, noting that it is willing to potentially increase its offer from the current $3.10/share if management starts constructive discussions.

As a reminder, there is currently a 20% spread to the QIPT bid. My main reservation is around FCF generation and the fact that the company trades roughly in line with a larger peer on an EBITDA basis. That makes me doubt that a meaningfully higher bid from Forager is realistic. Meanwhile, the board and management have made it clear that the deal will not happen at $3.10/share.

So, the strange standoff continues, with no clear path to resolution in sight. As always, I’m curious to hear your thoughts on what I might be missing.

$QIPT has intrigued me for a while now. The activist/takeover sage has resumed yet again.

Forager (10% holder) has returned with yet another offer. It’s essentially the same as their May proposal but without the one-week “take it or leave it” condition. The bid is non-binding at $3.10/share, implying a 17% spread from current levels.

Management quickly rejected it, saying the offer materially undervalues the company and pointing out that operations have improved since May. Interestingly, it also surfaced that Forager had made a $3.90/share bid back in January, which had not been previously disclosed.

The key question is: what’s the game here? Forager doesn’t seem large enough to take the company private on its own. With ~$355m AUM, this would be an unusually concentrated bet. Their privatization track record is limited as well—the only other case I’m aware of is an unsuccessful attempt to acquire the Salt Life brand from Delta Apparel during its Chapter 11.

Given that, it’s hard to view Forager as a credible buyer without a partner. The bid is non-binding, so they can make broad claims about financing and due diligence, but that doesn’t necessarily mean much. More likely, they’re trying to put their struggling investment in play after failing to see a public market re-rating.

From a valuation perspective, I don’t see much upside in QIPT. The stock trades broadly in line with larger peer $AHCO on an EBITDA basis, yet on a free cash flow basis (adjusting for equipment loan repayments) the business is effectively burning cash.

This name was fairly popular on fintwit a few months back, so I’d be interested in hearing what others see that I might be missing, particularly regarding business quality and valuation. - Dalius - Special Sits
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Simplifying Stocks, CPA
BREAKING ⚠️

$CRWV TO LAUNCH VENTURE BACKED ARM TO INVEST IN AI START UPS
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