Andy 🍕🏔️
@bizalmanac
👨🏭Getting rich slowly | 🌆 stonks {🧙♂️owner-operators🏯quality🥦 growth} 🎨Business & investing |🧘Happiness snob | #BillsMafia | 🐉Chaos is a ladder
The bizalmanac portfolio is very much not participating in any of the shenanigans. Feels lonely.
Texas Roadhouse $500mm of incremental cash earnings from $1.7B in investments, all capex, offset by WC benefit ➡️29% cash-on-cash returns L10Yrs. 💪 Mix of investments and return of capital, dividends and buybacks. TSY ~3.0% $TXRH trades for 28.5x P / NTM E 🥩🍞🍻🥩🍞🍻
Alpha in what's not able to screened. For the creative and determined.
I recently re-indicated to FOA; FB and IG, that I’m interested in backpacks. WOOHOOO BOY! Game-on Raining backpacks. All the backpacks Thinking a smaller one for hiking this winter, perhaps Fjallraven Skule or On Speedpack $META 🎒💻🎒🛒🎒💳
Games Workshop: $190mm in incremental cash earnings from $153 in investments, mostly capex, some WC, no acq. L10Yrs. ➡️122% cash-on-cash returns 💪 Capital allocation is correct, dividending out majority of earnings, Current div. yield of 3.1%, P / LTM E of 31x $GAW.L
I make a point to. Have met more than I can count. Not every meeting works. But the ones that do offer the opportunity to transform a loose connection into a meaningful relationship, professional as well as personal Plan is to continue to; DEN in August, NYC in September
apart from your work colleagues, have you met investors from on here in real life
She doesn’t know I’m long APO
This train is coming to your 401k, and it's not a good thing. Let me explain: Private markets are all the rage. For that, you can thank David Swensen of Yale: the guy pioneered heavy allocation to alts... BACK IN THE 80s. 1. Returns Things have since changed, to say the…
I truly don't get the SBC should be modelled as a cash expense crowd Yes they are real expenses. Of course. But they are not cash, GAAP does a piss-poor job of measuring them and changes in share count are how they affected...
Oooooh boy!
There are no great investors or capital allocators - only people in the right place at the right time.
Rewatching: Zero Dark Thirty 📽️ Jessica Chastain is a force of nature. The plot and setting mix a lot of elements I'm attracted to; spy-craft, American and Mid-East relations, American military operations, American history I come back to this one every few years 🇺🇸🚁🇵🇰🇺🇸🚁🇵🇰