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Stock Analysis Compilation
Parnassus on Atlassian $TEAM US
Thesis: Atlassian’s industry-leading software and cloud migration provide a strong foundation for long-term growth and margin expansion
(Extract from their Q3 letter) https://t.co/dx06YPFRgD
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Parnassus on Atlassian $TEAM US
Thesis: Atlassian’s industry-leading software and cloud migration provide a strong foundation for long-term growth and margin expansion
(Extract from their Q3 letter) https://t.co/dx06YPFRgD
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Quiver Quantitative
The new continuing resolution appears to have removed almost all of the items specifically called out by @elonmusk.
- No pay raise for Congress
- No transfer of the RFK stadium land
- No "justice-involved individuals" and "individuals experiencing homelessness" language changes
- No Global Engagement Center extension
- No section on "Pandemic Preparedness and Response"
Still working on reading through the details - follow here for updates.
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The new continuing resolution appears to have removed almost all of the items specifically called out by @elonmusk.
- No pay raise for Congress
- No transfer of the RFK stadium land
- No "justice-involved individuals" and "individuals experiencing homelessness" language changes
- No Global Engagement Center extension
- No section on "Pandemic Preparedness and Response"
Still working on reading through the details - follow here for updates.
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Quiver Quantitative
The House has voted against the new continuing resolution:
174 Yeas
235 Nays
Chip Roy (R) said:
“To take this bill and congratulate yourself because it’s shorter in pages, but increases the debt by $5T, is asinine”
https://t.co/u7v9EN6Jqo
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The House has voted against the new continuing resolution:
174 Yeas
235 Nays
Chip Roy (R) said:
“To take this bill and congratulate yourself because it’s shorter in pages, but increases the debt by $5T, is asinine”
https://t.co/u7v9EN6Jqo
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InsideArbitrage
🚛 $FDX FedEx shares surged ~8% after hours as the logistics operator 👇👇
📦Unveils plans to ✂️ spin off FedEx Freight in a tax-free separation, forming 2 independent public companies; Expected to be executed within the next 18 months
📦CEO: “This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market. Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders.”
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🚛 $FDX FedEx shares surged ~8% after hours as the logistics operator 👇👇
📦Unveils plans to ✂️ spin off FedEx Freight in a tax-free separation, forming 2 independent public companies; Expected to be executed within the next 18 months
📦CEO: “This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market. Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders.”
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Startup Archive
Patrick Collison on what most startups get wrong pre-product/market fit
“The main thing that I think companies screw up at the pre-product/market fit stage is speed of iteration. If you have some kind of meaningful—albeit perhaps small—initial set of users and you’re rapidly iterating in response to their feedback and observed behavior, I think that’s a really good spot to be in… You should be doing everything you can to tighten that feedback cycle.”
Patrick believes most startups get this wrong when it comes to hiring — either they hire the wrong people or they hire too many people. Hiring isn’t just expensive financially, but it often makes you move slower. You have to onboard them, get them up to speed, and then there’s a persistent communication and alignment tax that scales quadratically with more team members.
Patrick believes the ultimate arbiter for a new hire should be, “Will we be more responsive to what we’re learning about our users given the presence of this additional person?”
Empirically the “optimally responsive” team for a pre-product/market fit startup seems to be 2-10 people who are all either building the product or talking to users.
Video source: @ycombinator (2018)
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Patrick Collison on what most startups get wrong pre-product/market fit
“The main thing that I think companies screw up at the pre-product/market fit stage is speed of iteration. If you have some kind of meaningful—albeit perhaps small—initial set of users and you’re rapidly iterating in response to their feedback and observed behavior, I think that’s a really good spot to be in… You should be doing everything you can to tighten that feedback cycle.”
Patrick believes most startups get this wrong when it comes to hiring — either they hire the wrong people or they hire too many people. Hiring isn’t just expensive financially, but it often makes you move slower. You have to onboard them, get them up to speed, and then there’s a persistent communication and alignment tax that scales quadratically with more team members.
Patrick believes the ultimate arbiter for a new hire should be, “Will we be more responsive to what we’re learning about our users given the presence of this additional person?”
Empirically the “optimally responsive” team for a pre-product/market fit startup seems to be 2-10 people who are all either building the product or talking to users.
Video source: @ycombinator (2018)
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Quiver Quantitative
JUST IN: Senator Markwayne Mullin has bought up to $250,000 of the iShares Eurozone ETF, $EZU.
It is comprised of equities from countries that use the Euro.
This is the first time we have seen a member of Congress buy it.
Mullin sits on the Senate Armed Services Committee. https://t.co/89L77ufXrr
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JUST IN: Senator Markwayne Mullin has bought up to $250,000 of the iShares Eurozone ETF, $EZU.
It is comprised of equities from countries that use the Euro.
This is the first time we have seen a member of Congress buy it.
Mullin sits on the Senate Armed Services Committee. https://t.co/89L77ufXrr
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InsideArbitrage
$EXPE Expedia Group appoints Scott Schenkel as CFO, effective Dec 30, 2024.
Julie Whalen remains CFO until the transition.
Schenkel’s previous roles include Interim CEO (2019-2020) and CFO (2015-2019) at eBay.
Compensation
Scott Schenkel will receive an annual base salary of $1M. He will also receive a $3M signing bonus on his start date, followed by an additional $2.2M signing bonus on December 15, 2025, contingent on his continued employment.
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$EXPE Expedia Group appoints Scott Schenkel as CFO, effective Dec 30, 2024.
Julie Whalen remains CFO until the transition.
Schenkel’s previous roles include Interim CEO (2019-2020) and CFO (2015-2019) at eBay.
Compensation
Scott Schenkel will receive an annual base salary of $1M. He will also receive a $3M signing bonus on his start date, followed by an additional $2.2M signing bonus on December 15, 2025, contingent on his continued employment.
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