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Quiver Quantitative
BREAKING: Senator Markwayne Mullin has violated the STOCK Act.
He JUST disclosed a July purchase of stock in a company called Stride, $LRN.
It's a for-profit education company.
Mullin sits on the Senate Committee on Education.
The stock has risen 33% since his trade. https://t.co/GEbGgOoQVM
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BREAKING: Senator Markwayne Mullin has violated the STOCK Act.
He JUST disclosed a July purchase of stock in a company called Stride, $LRN.
It's a for-profit education company.
Mullin sits on the Senate Committee on Education.
The stock has risen 33% since his trade. https://t.co/GEbGgOoQVM
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Stock Analysis Compilation
Middle Coast Investing on Apogee $APOG US
Thesis: Apogee’s focus on margin improvement and strategic acquisitions in a fractured market, combined with its strong management, offers solid long-term growth potential
(Extract from their Q3 letter) https://t.co/dipdbpxicz
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Middle Coast Investing on Apogee $APOG US
Thesis: Apogee’s focus on margin improvement and strategic acquisitions in a fractured market, combined with its strong management, offers solid long-term growth potential
(Extract from their Q3 letter) https://t.co/dipdbpxicz
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Tesla $TSLA is officially back in the $1 trillion club and now up 11x over the past 5 years👌 https://t.co/m6BEWW0OHv
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Tesla $TSLA is officially back in the $1 trillion club and now up 11x over the past 5 years👌 https://t.co/m6BEWW0OHv
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Stock Analysis Compilation
Choice Equities CM on Caesars Entertainment $CZR US
Thesis: Caesars’s strong brand, combined with growth in iGaming and sports betting, positions the company for sustained financial improvement, supported by a solid yield and recent refinancings
(Extract from their Q3 letter) https://t.co/yrZN5eS68E
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Choice Equities CM on Caesars Entertainment $CZR US
Thesis: Caesars’s strong brand, combined with growth in iGaming and sports betting, positions the company for sustained financial improvement, supported by a solid yield and recent refinancings
(Extract from their Q3 letter) https://t.co/yrZN5eS68E
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Stock Analysis Compilation
White Brook Capital on Krispy Kreme $DNUT US
Thesis: Krispy Kreme’s expansion into major retailers and fast-food chains, combined with its renewed business model, sets it up for capital-efficient and profitable growth
(Extract from their Q3 letter) https://t.co/9F1mVO2DPu
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White Brook Capital on Krispy Kreme $DNUT US
Thesis: Krispy Kreme’s expansion into major retailers and fast-food chains, combined with its renewed business model, sets it up for capital-efficient and profitable growth
(Extract from their Q3 letter) https://t.co/9F1mVO2DPu
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Stock Analysis Compilation
Aristotle on Diageo $DGE LN
Thesis: Diageo’s strong portfolio of premium spirits, global market reach, and M&A strategy position it for long-term growth, with catalysts including premiumization trends and emerging market expansion
(Extract from their Q3 letter) https://t.co/4NJoWHsqq6
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Aristotle on Diageo $DGE LN
Thesis: Diageo’s strong portfolio of premium spirits, global market reach, and M&A strategy position it for long-term growth, with catalysts including premiumization trends and emerging market expansion
(Extract from their Q3 letter) https://t.co/4NJoWHsqq6
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The Nasdaq $QQQ has delivered 19% annual returns over the past 5 years. Here's everything you need to know👇 https://t.co/Y8IPqDhHet
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The Nasdaq $QQQ has delivered 19% annual returns over the past 5 years. Here's everything you need to know👇 https://t.co/Y8IPqDhHet
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Startup Archive
RT @elonmusk: Couldn’t agree more
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RT @elonmusk: Couldn’t agree more
Steve Jobs on the most important job of a CEO
“The greatest people are self-managing. They don’t need to be managed. Once they know what to do, they’ll go figure out how to do it… What they need is a common vision, and that’s what leadership is. Leadership is having a vision, being able to articulate that so the people around you can understand it, and getting consensus on a common vision.”
Steve continues:
“We wanted people who were insanely great at what they did… and the neatest thing that happens when you get a core group ten great people is that it becomes self-policing as to who they let into that group. So I consider the most important job of someone like myself is recruiting.” tweet
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Startup Archive
Elon Musk on how choosing the wrong VC almost killed Tesla
"If you have a choice of a lower valuation with someone you really like or a higher valuation with someone you have a question mark about, take the lower valuation."
Elon tells part of the story of how he got this wrong when Tesla raised its Series C in 2006.
He was choosing between two competing bids from Kleiner Perkins and VantagePoint.
Kleiner offered a $50 million pre-money valuation. VantagePoint offered $70 million.
Musk told Kleiner that if John Doerr joined the board, Tesla would do it at $50 million. However, John had too many other obligations at the time and couldn't commit to another board seat.
Tesla ended up going with VantagePoint, which Musk says, "was probably a mistake".
In November 2007, VantagePoint tried to lead a deal that would have seriously diluted Musk's control of the company.
That attempt ended up failing. But a year later, VantagePoint almost blocked the deal that saved the company from bankruptcy.
In December 2008, Musk needed to raise $40M. One week from running out of money and bouncing payroll, Musk managed to cobble together $20M and asked Tesla's other investors to match it. They agreed, but Musk noticed a problem while finalizing the paperwork. VantagePoint had signed all of the paperwork except for one crucial page. When Musk phoned up Alan Salzman, VantagePoint's cofounder and managing partner, Salzman informed Musk that the firm had a problem with the investment round because it undervalued Tesla. They then backed out of the deal.
Musk believed that Salzman's tactics were part of a mission to bankrupt Tesla, oust him as CEO, recapitalize Tesla, and emerge as the major owner of the carmaker.
This forced Musk to take another huge risk: Tesla recharacterized the funding as a debt round rather than an equity round, knowing that VantagePoint could not interfere with a debt deal.
The deal ended up closing on Christmas Eve, hours before Tesla would have gone bankrupt. Musk had just a few hundred thousand dollars left and could not have made payroll the next day. Musk ultimately put in $12M personally, and the investment firms put up the rest. As for Salzman, Musk said, "He should be ashamed of himself."
Musk compares choosing a VC to getting married. It's incredibly important to work with people you respect and trust. Valuation shouldn't be the only thing founders optimize for.
Video source: @PandoDaily (2012)
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Elon Musk on how choosing the wrong VC almost killed Tesla
"If you have a choice of a lower valuation with someone you really like or a higher valuation with someone you have a question mark about, take the lower valuation."
Elon tells part of the story of how he got this wrong when Tesla raised its Series C in 2006.
He was choosing between two competing bids from Kleiner Perkins and VantagePoint.
Kleiner offered a $50 million pre-money valuation. VantagePoint offered $70 million.
Musk told Kleiner that if John Doerr joined the board, Tesla would do it at $50 million. However, John had too many other obligations at the time and couldn't commit to another board seat.
Tesla ended up going with VantagePoint, which Musk says, "was probably a mistake".
In November 2007, VantagePoint tried to lead a deal that would have seriously diluted Musk's control of the company.
That attempt ended up failing. But a year later, VantagePoint almost blocked the deal that saved the company from bankruptcy.
In December 2008, Musk needed to raise $40M. One week from running out of money and bouncing payroll, Musk managed to cobble together $20M and asked Tesla's other investors to match it. They agreed, but Musk noticed a problem while finalizing the paperwork. VantagePoint had signed all of the paperwork except for one crucial page. When Musk phoned up Alan Salzman, VantagePoint's cofounder and managing partner, Salzman informed Musk that the firm had a problem with the investment round because it undervalued Tesla. They then backed out of the deal.
Musk believed that Salzman's tactics were part of a mission to bankrupt Tesla, oust him as CEO, recapitalize Tesla, and emerge as the major owner of the carmaker.
This forced Musk to take another huge risk: Tesla recharacterized the funding as a debt round rather than an equity round, knowing that VantagePoint could not interfere with a debt deal.
The deal ended up closing on Christmas Eve, hours before Tesla would have gone bankrupt. Musk had just a few hundred thousand dollars left and could not have made payroll the next day. Musk ultimately put in $12M personally, and the investment firms put up the rest. As for Salzman, Musk said, "He should be ashamed of himself."
Musk compares choosing a VC to getting married. It's incredibly important to work with people you respect and trust. Valuation shouldn't be the only thing founders optimize for.
Video source: @PandoDaily (2012)
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Conestoga on Mama’s Creations $MAMA US
Thesis: Mama’s Creations is well-positioned to capitalize on the booming deli foods market, with double-digit growth, improved margins, and a strong leadership team driving expansion.
(Extract from their Q3 letter) https://t.co/0iqRCqMzSj
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Conestoga on Mama’s Creations $MAMA US
Thesis: Mama’s Creations is well-positioned to capitalize on the booming deli foods market, with double-digit growth, improved margins, and a strong leadership team driving expansion.
(Extract from their Q3 letter) https://t.co/0iqRCqMzSj
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