I had a client I thought "got it" and understood the purpose of my strategy (low net/correlation). What I got was someone that would...text me every other day about *daily* performance - congratulating me on good days, criticizing on bad ones (often at dinner time).
Apr 18, 2021 • 7 tweets • 1 min read
To summarize some truly amazing, late Fri disclosures from $TTCF - since there were a lot of moving pieces:
CEO disposed of 800k shares to satisfy personal debt to “certain lenders” at $10/shr (Fri close ~$19) in a “privately negotiated transaction”
Apr 16, 2021 • 4 tweets • 1 min read
$TTCF CFO OUT
Last day was yesterday...
Apr 30, 2020 • 13 tweets • 2 min read
Thread on my 10 biggest losers since inception and quick lessons learned, because why not:
(In alphabetical order -- most cost somewhere ~1-3% of performance)
Jun 3, 2019 • 17 tweets • 3 min read
Quaker / $KWR is currently our highest conviction short, bringing together: imminent catalysts, deteriorating macro, extreme over-valuation (obscured in B’berg + others). Details:
1/ Despite quickly rising risks on multiple fronts – macro, M&A execution, bal. sheet – KWR shares trade at ~50% EBITDA mult premium vs. historical avg. (15x vs. 10x).
