Cloudflare shared a very natural product market fit for R2 storage product in their Q4 call. AI companies are constantly looking for cheapest GPUs. Transferring data back and forth is expensive, so storing in R2 with most competitive pricing is natural solution. Cute. $NET
Looking at FED BS, after GFC, QE started after again after BS declined ~18% from ~2.25T. That was in negative CPI (deflation) environment.
Now BS contracted a mere 6.5% from April 22' peak, having about the same on YoY inflation.
Linas Agro Group (LNA1L) fiscal H1:
Yr | Profit | Price | EV/EBITDA | EBITDA Margin
19/20 | 1.58 | 0.58 | 39 | 1.6%
20/21 | 3.7 | 0.71 | 9.61 | 2.3%
21/22 | 15.7 | 0.948 | 8.53 | 4.2%
22/23 | 44.7 | 1.34 | 4.3* | 7.6%
*current 1.72€/sh
While we don't know what normalized profit post KG Group acquisition looks like, I'm certain, margin profile changed for good.
If you follow the company, you know that they are expanding CPG (higher margin) category.
I'm inclined to think, it's a min 2 EUR stock LT.
Dude's bitcoiner, he shared the aryicle here actually!
https://iris.to/post/note1krz7cmrsgvkmxeuzhcnvznv9t6pdesdsx9ms3j305zg9gq8fmwzs7mz6zt
Despite visiting nostr github more then once, TIL, "nostr" stands for "Notes and Other Stuff Transmitted by Relays"
Forgot to attach.... cc: #[1]
Individual journalists, Bloomberg terminal, On youtube I like DW (Deutche Welle), Al Jazeera.
How do you do quote note? Seen in a wild past days. I just tried repost and can't undo btw, but consider it as feature of nostr..
I coud not share it elsewhere, but must be one of my all time favorites.
Seems before US ban, Tiktok is maxing out on teenage mental damage.
Another recent filter I've seen makes you "younger".
Never been, never will be a TT user, merely observing societal #trends.
Love this idea. Could be aggregated at relay level with option at relay settings page to subcribe to relay X's block list. User in control, but using wisdom of crowd.
This could be another features that nostr would excel over traditional social media co's.
Debugging bottom is near when you check if "boolean" has double "o"
Catching up w/ my companies, this weekend I went over #APPS, #IAC and Reliance Industries calls, materials. Thread to share broad strokes of highlights.
Digital Turbine:
Revenue -25% YoY was beyond, expectations in contracting cyclical ad tech sector, how I interpret...
When marketing budgets contract, companies consolidate on highest ROI platfoms. For IG, Tiktok clients, preinstalled app hits the mark, but for others, user data is required for targeting and what does APPS have there?
The first thing I looked for during ER evening: BS debt
They successfully deleveraged 100M YoY (~422M remaining). In higher % env, this matters.
Admirable efficiency and profitability, regardless of top line downturn. 20% EBITDA margin.
CEO Stone mentioned they are consolidating revenue from clients onto single entity post acquisitions, which also had some negative effect. But macro of course is a major force here.
Mentioned they have booked tens of millions revenue for fiscal 2023.
On app stores (and stake in Aptoid)
"That's a 100B market today. And if you think about the marketplace where I paid a 1% from Visa, paid 3% from Amex and you're paying 30% w/ the current app store environment. So our view is that's going to get disrupted [... when not if]"
#IAC - unremarkable. Angi 2 yrs in a row SBC > Adj. EBITDA.
Mantra of "value in Angi" was not materialized in buybacks at 15, nor, 10, 5 of last q sub 2$/share.
Missed questions on other bets. Whole call on Dash and Angi only. Dash's projected EBITDA is ofc postponed and butt cheeks are tight. "Back to basics" - better be.
Personally glad, they kept enough firepower for M&As, as I market macro to the downside from here (same as IAC, based on their allocation I suppose).
One more note on Angi rebrand. People don't forget dis-tasteful experiences. They admitted to lots of failed experiments and change of name might not necessarily work. (it's Facebook till the end of my days).
Reliance Industries. Smooth sailing.
Jio rides two compounding waves:
Growing subscriber growth <> higher ARPU.
Marketplace - original thesis playing out. Early amazon. One BUT...
Modi "imposed Special Additional Excise duty (SAED) on export of transportation fuels with effect from July 1, 2022 resulting in an adverse impact on the profit for the quarter determined at ₹1,898 crore"
(230M USD or ~10% net profit).
No gifts from exceptional geo environment.
Noticed when surfing in settings, that version is indeed 11. Would suggest deleting version number in "About", if it's not being updated.
That's my intuition as well. In no rush though, will wait for #[2] comment.
Thank you! 🙏
#[0] I was (am?) Android beta tester running iris 2.3.3. i figured it was updating automatically with other apps, but see google store version of iris at 11 now. Should I reinstall?
I would not be so sure about taxes if #3 does.not.stop.
Sucks. Worked in two co's with corporate structure (200-300 emps). Only in second I learned to say the truth. Outcomes were surprisingly positive.
But this requires built leverage...
"Young man knows the rules, the old man knows the exceptions"
From Munger Q&A
Ex googler describes how Google mirrors communism:
"any disagreement with the management chain is career risk, so always say yes to the VP, and the VP says yes to the senior VP, all the way up."
#CC #Culture $GOOG