buddy garrity search fund
@Goulderbilt
specialiest sits and searchiest searcher
first-time gen z searchers after paying 6x SDE for a rural hvac with $200k SDE (#3)
Sage advice from Buffett:
interesting article on CA insurance delay/deny fraud after wildfires kicker is that state farm/every other insurer involved is still losing money underwriting in CA long-term despite not paying valid claims, because state doesn't allow adequate rates nytimes.com/interactive/20…
$300k SDE restoration listing asking $1.8m... and ofc it's a franchise. Transworld!
interaction with smb broker today: -I only want home services businesses >$500k EBITDA within 60 miles of [hometown] -Ok, here's a shooting range 500 miles away with $300k SDE that would be perfect for you
$FWRD proxy on DE reincorporation + deal timeline: "Reincorporating prior to the conclusion of its review of strategic alternatives would be expected to maximize value because it would facilitate broader participation by potentially interested parties, including Clearlake Group"
within a few hours of exactly top ticking the TLT top, incredible cramer level work 👑
Looky looky…
In insurance, growth wins out over underwriting every time, and both $IGIC and $FFH just aren't growing fast enough. I sold them. My insurance portfolio now consists of only $LMND, a fast-growing insuretech, and Unicover Managers, a fast-growing broker (private placement).
In insurance, growth wins out over underwriting every time, and both $IGIC and $FFH just aren't growing fast enough. I sold them. My insurance portfolio now consists of only $LMND, a fast-growing insuretech, and Unicover Managers, a fast-growing broker (private placement).
twitter becoming totally unusable with much higher ad load than last week and much worse ads (mostly dumb conservative influencer nonsense) -- can we all mass migrate to bsky or anywhere else please, I will not pay to sub
more idiotic trump policy and market still recognizing too slowly. pockets still ridiculously expensive (COST, TSLA, quantum shitcos). but 3 retail contras told me they were panic selling yesterday. NVDA 23x net while demand bear case isn't happening. I think we pump higher.
Just eliminate the IRS and all the fraud and corruption will vanish overnight.
Just eliminate the IRS and all the fraud and corruption will vanish overnight.
$WBA arb thoughts? Deal def closing, and VillageMD CVR is potentially 29% upside Need >$15bn of deals to sell for $3.9bn (tangible book and .9x revs) for full $3 CVR payout. Comps have gone for >3x revs in stupider days, and VMD is worse than them. But pretty good free option?
part 2 of "fintwit owes an apology for group bullying after misreading an untrustworthy litigation press release" $DAKT "Appointing Alta Fox-recommended candidate Peter Feigin to its board of directors and seeking the hedge fund's input on its CFO search" reuters.com/business/retai…
shockingly good Q from $DFH relative to industry-- ~20% organic growth, GMs hanging in at 27%, and 30% FY ROE (better in Q4). Guidance is for +8% completions in 2025 (lower organic), and I think EPS should go up despite lower GMs. Trading at 7x P/E after +23% move today.
what are the best 13Fs for finding shorts? I'll start with Fairfax $FFH
think about this at least twice a day while reading footnotes
