Iceberg might have a point here

$WW is Weight Watchers
Don't worry, not going on a bender with filings

T9M figures last 4 years. Yes it's a bit stagnant in the numbers and costs up / profit down a little etc but the COGs numbers are roughly consistent. You could imagine a jump in revenues flowing through quite well.

2018 was Oprah
Fair to guess lots of New Year gym sign-ups are postponed or never happen and more NY lose weight / get fit resolutions than usual find their way here instead?

Cashflow behaves roughly the same. More SBC, bit more capex.
Balance sheet not much changed

Overall, not an entirely dissimilar company to before

2021 is the first NY w/Covid, lots of fitness options are closed off, which produces an Oprah bump, that then flows well into the financials and subscriber numbers jump even more than usual?
Anyway, I don't know the company and I don't know what Iceberg has in mind (whatever it is, it'll be vastly better thought through than this - you should follow him) and this is all just a lazy first level thinking with the idea that there's a chance the stock might pop a bit.

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More from @hareng_rouge

1 Jan
Resolution: no drink and no showing how I read accounts, so grab a bottle of absinthe and let's look at $TRIT

A mysterious stranger appears from a foreign land.

"Play me the music of your people", you ask

It's like nothing you've ever heard but it's everything you've ever felt
You fix the stranger in your gaze

"Where did the cash go?"
"Onto the balance sheet, it is the custom of my people"
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Very hairy: this company was going down the toilet even before covid; it's now a wreck - and even better, it's enormously exposed to Chinese solar. BK isn't off the cards and the upside may not even be that great. Chart is back to Jan 2017. Singulus from Germany #SNG.DE Image
It's a German maker of high end capital goods for solar, semi and life sciences: glass and wafer deposition / polishing, that kind of area.

How it started:

Revenues & Ebit
2017: €91m & -€1.2m
2018: €127m & +€6.8M
2019: €79M & -€8.0M
And in all it's glory, here's how it's going:

Revenues in 9M20 YTD a third of an already bad 2019. Goes from breakeven to -€20M loss and even achieves a negative gross margin, quite the achievement. Image
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5 Nov 20
I'll keep this brief, I think Magnachip $MX, for good reason, could finally be starting to rerate.

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It's still a cyclical end-market business but less so with the boom and bust of foundry gone. Now with the cash in the filings, it can screen cheap. The whole idea is simple: if they hit or even approach the targets, an IP led company doesn't trade at a fraction of revenues. Image
Read 18 tweets
5 Oct 20
There's a thread by @Mitch198509 about $NFIN, a SPAC for a trade finance platform. It uses blockchain and at that point in the presentation I stopped. Forget it, of course.

But I read it again, then the proxy, then I put it in front of a trade finance lawyer. Could be something
Those numbers are projections I pulled from the proxy. Earn-outs on either share price X by certain dates, or 90% of the above EBITDA being achieved.

Doesn't need to get a $NCNO to $MKTX multiple to work from here but we can dream.

HY20: Revenue $24M / Ebitda: $17M / Net $14M
What they do in 1 tweet:

Platform for trade finance. TF is slow, paper-intensive, expensive and inaccessible for little fish: company says $1.5T unmet need with 60% of requests refused. Triterras (the biz NFIN is SPACing) brings KYC pre-qualified borrowers and lenders together.
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29 Sep 20
Satisfyingly, 's 1996 annual report looks like the intro credits to Saved By The Bell.

It's also how far back I had to go to find when their R&D spending matches what 's is today: 24 years Image
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Intel spends in a year what it takes AMD almost a decade to afford Image
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20 Sep 20
Just noticed an oddity about the stocks I hold. Is there a good explanation for this? Image
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Results of this study are in and it turns out companies are keen on being at the front of the phone book Image
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