Gregmal

Ive removed some in the past few months but still have about a 5% position. I am ball parking something in the neighborhood of $160M Adj EBITDA for NTM which I think is fairly conservative. I think they have the formula down and if they are able to continue with the value adds, such as expansion permits or continued store openings, this could really get out of hand in a good way. Roughly speaking they've done $200M or so of acquisitions at a slightly lower than 3x Adj EBITDA rate. Organic growth was north of 40% and at run rate $77M you could pretty easily see $160-$200M if execution remains on point as it has been. I am also still waiting to hear news about IL and NJ. Both places where they are hiring and have applied for permits. I'd be ok with $55 a share as a 12M target.

https://seekingalpha.com/news/3641131-national-beverage-doubles-special-dividend-to-6-share Thats more like it.

Added a few more GEOS, SWKH, OPK calls, sold a few more PSTH puts, and started some DKS.

I was bored and made a call to one of the guys at one of the trading desks at one of my clearing firms to ask about this and the response was that most likely the firm has inventory of said security on hand. Makes sense because Ive had orders filled for tickers on others exchanges without seeing a corresponding volume bump the same way I would if say I bought 500 shares of GRIF(just an example as its something you can clearly see your own volume in) or something in the open market.

Ive had it happen a few times. Was a pain because with some managed accounts we have outside compliance. They are big pussies and only worry about regulatory CYA stuff. So in the couple instances, IIRC, it was with Razer, Hamilton Thorne, and Xiaomi...I put the orders in through the trade desk and we get filled on the specific exchanges. And then a day later all of which are listed in the accounts as the US pink sheet ADRs. And the compliance guys are having a heart attack because "do you know how bad it looks to regulators buying pink sheet penny stocks!!!!!".....I never really got an answer why this occurs, and even after explaining to the tards in compliance that the businesses are all legit and that the ADRs are no big deal, it still continued being a headache. So yea, no idea why it happens, but it does. When selling its just the reverse process and equally no big deal, at least when dealing with the trade desk. Not sure how simple it would be if you are putting the order in yourself as the ADR is likely trading during different hours than the ticker on its native exchange.

I think its different when you are one of the people making the rules. I had a similar experience on a volunteer HOA board once. There was, like with many HOAs, stupid procedural rules required if one wanted to have satellite tv. The install needed to be approved by the board, through the management company. On a regular basis certain trustees, all of whom had satellites, would vote against others having it because "it was dangerous if it fell", "it doesnt look good", etc. I get to have what I want, but I get to tell you what you can have, is absolutely despicable behavior.

It doesnt matter if they were "following the rules" at the time. Personally, I think this is unconstitutional to make these sorts of "rules". But regardless, its the entire premise. In the instance of Ms. Piggy... If its unsafe, why are you dining? And if it isn't, why are you banning folks from doing it and shutting down businesses?

Kuppy said it better than I! LMFAO

https://www.yahoo.com/finance/news/elon-musk-consider-having-tesla-221508839.html Ive long wondered why we dont see shit like this with some of these clearly overvalued names. But here it actually makes a good deal of sense? Anyone got any ideas as to whom may fit? FCAU is kind of a floating doldrum without a real purpose, heavily lacking next gen technology....I could see mutual benefits there. Elon bootstrapping Tesla in billions of FCF would be a massive home run.

Sorry for the delay to those of you that have been asking over the past month or so. I wanted to get this in before the YE release this week. Without much further ado, here it is: Oxford Metrics OMG:GB or L Boilerplate company description: Oxford Metrics plc, formerly OMG plc, is the United Kingdom-based international software company. The Company develops and markets analytics software for motion measurement and infrastructure asset management to clients in over 70 countries worldwide. The Company helps highways authorities manage and maintain their road networks, hospitals and clinicians decide therapeutic strategies and Hollywood studios create visual effects. The Company operates through Vicon subsidiary. Vicon is engaged in motion measurement analysis. The Company provides software for the government, life sciences, entertainment and engineering sectors. Oxford Metrics Group consists of two main businesses; The Group comprises the following business segments: Vicon Group: This is the development, production and sale of computer software and equipment for the engineering, entertainment and life science markets; and Yotta Group: This is the provision of software and services for the management of infrastructure assets and highways surveying services (which were sold during the prior year) for the Government Agencies, Local Government and major infrastructure contractors. -Market leader in motion capture technology, involved in everything from IoT infrastructure, video games, health and wellness, hospital management, virtual reality, data analytics, Hollywood movies, etc. Huge potential growth runway for software and data management biz for the foreseeable future, ie minimum of 5-10 year runway. Introductory videos on company page are perhaps useful https://oxfordmetrics.com/about -Developed Yotta, SaaS applications and captured major government projects and will likely grow recurring revenue at a double digit clip for the foreseeable future -Very well managed and operate utilizing highly focused 5 year plans. Fortress of a balance sheet. Been paying dividends for years. Highly diverse customer/revenue base. -Been growing organically and through combination of conservative bolt on acquisitions. Build up, and then sale of 2d3 division to Boeing in 2015 highlight value creation and management strength. Management is well aligned; Nick Bolton owns nearly 2% of the company’s shares outstanding and has been associated with the company since 1995. CFO David Deacon additionally holds about 1%. Like Bolton, Deacon spent time at Mediasurface, another London listed software company that was developed and then eventually sold. Executive compensation is very reasonable as well. -Covid has effectively created a one off hiccup/disruption that both highlights the usefulness of these services to end users, while also allowing investors to get in at a reasonable valuation, currently ~20x NTM projected numbers or a bit over 3x sales. Some excerpts highlighting this growth opportunity from the AR: “2018/19 saw some great wins at leading sports teams and institutions, including Texas Tech University, Exponent, UNC Chapel Hill, Airforce Academy, Stephen F. Austin University, University of Kentucky, University of Memphis and the University of Tennessee Knoxville. Further we have recently been awarded a patent in the US for our unique approach to load management. “ “There were also good wins in the Life Sciences market with a number of long-term Vicon customers all upgrading. This included Robert Gordon University, Staffordshire University and the Human Performance Lab at Imperial College London, and also The Shriners Group of Hospitals upgraded several sites in the US. There were also new site wins including an exceptional order from a major sports apparel business, The University of West Scotland and Vilnius University Children’s Hospital.” “The Engineering market segment performed well throughout the year, the customer list included new contracts with European Space Agency, Thales Alenia Space, Northrup Grumman and NASA’s Jet Propulsion Lab.” “Our most notable international win was in New Zealand at Auckland System Management (ASM), a joint venture between the New Zealand Transport Authority (NZTA), Fulton Hogan and HEB Construction, a Vinci company. ASM is now using Yotta’s innovative software, Alloy, as a single platform to manage all their Intelligent Transport System assets which are used on the motorways in and around Auckland, connecting multiple stakeholders and enabling them to bridge operational silos across the organisation. It will also allow them to deploy sensor technology into the network feeding real-time data into Alloy, so ASM can improve service levels and offer live reporting of issues and resolutions to customers.” “During FY19 Yotta established a Major Accounts function that is targeted on developing the relationships with large, multi-national contractors and central government agencies. Yotta has long standing relationships with many such organisations, including Balfour Beatty, Amey, Fulton Hogan, Welsh Government and Highways England. Working with such organisations enables us to sell into larger, integrated opportunities, where software is only a component of the solution required.” I do not currently have a hard price target as anyone trying to do so in this space is kinda full of it. In Saas you see analysts behaving like its 1999 and many PMs drawing up rather unconventional ways to justify some of their investments. What I do know is that this company is extremely well positioned for the future growth opportunities, in the highest growth areas, and currently sports a very reasonable valuation and more comforting as a shareholder, an enviable track record and highly capable management team. This opportunity, is essentially a pure play on many of the major technological advances/themes that have been in place prior to covid, but were put on steroids by the virus and following developments. Additionally, this is, to my knowledge, totally off the radar and has never been written up anywhere before. There is no analyst coverage either, and many investment sites and brokerage houses have zero mention of this company’s existence even if one looks for it. This opportunity is further accentuated due to the nature of semi annual UK reporting(whereas most business delivered the kitchen sink results in Q2/3) and the timeframe with which covid related issues started impacting the world. As such, it is my belief that muted results that impact headline numbers will largely be a thing of the past starting with the 2021 year for Oxford and with Yotta delivering a profitable H2, retaining nearly 95% of customers, and growing Saas revenue at a double digit clip, Oxford will have major tailwinds from here on out. The perceived negatives are my positives…stock only trades $50k-$100K a day on most occasions. Shares not accessible through many US brokerages including IB. Lack of quarterly reports. UK/EU trading hours. All make the company an orphan and none effect my fundamental case, in fact that justify it and enhance the opportunity. Disclosure: long OMG.L. I reserve the right to transact in this security. I have every intention to continue buying at the current valuation or lower and no intention to sell anytime soon. My stuff should not be believed on its own. Assume everything you read on the internet is wrong. Do your own due diligence.

If these guys have any hope, they need to start paying salaries and whatever expenses possible in stock and make those shares restricted for at least 12 months. Otherwise, this is a triple donut, rather than the current double donut. 0.015>0.00

Sold 1/3 of BEAM, for the third time, in less than 3 months, and still have more than 2/3 of my original position! Math!

Bought back all the GEOS I flipped. Selling here is purely related to boot from the index. Volume is great for once too.

And that should fall on the establishments who had months to plan. For a private institution, same as a hotel, sorry we're full. For public resources, well, perhaps the geniuses in government should have planned or made incentives better rather than going out to eat and party and get their hair done...China did it in 8 days....This isn't my problem or the average citizens problem. At least it shouldn't be.

https://nypost.com/2020/12/01/la-politician-dines-outdoors-hours-after-vote-to-ban-the-practice/ Another hypocrite. And a real beauty too!

The blind squirrel found a nut! BB partnership with AMZN, shares back up to....where they were a few years ago. Recouping losses is better than adding to them though.

CFIIU to merge with View, shares up 15%. Spac-mania continues.

As someone who manages money, I can confirm 3 things. 1) If you are any good at it, you dont need outside money for very long. 2) Its a product, what you offer as a manager is a brand, and like any other business, you look to make money. Stop whining about fees. 3) When you've been bad for so long, especially in a really good market, and that stretch dwarfs previous stretches, there's probably a good argument that you may not be all that good of an investor, that you just got lucky. Thing is, there's nothing wrong with getting lucky...you only need to get rich once.

Yup, between the activists, buyback, and balance sheet strength I think its likely good money again. Bought a few shares back today and was surprised to see some big insider buys filed just a few moments ago.

Did a real company with a similar name/ticker go public?

all time high today

IDK, but off of what was said earlier, which future generations become the gold bugs necessary to keep the greater fool facet alive? Best guess, the ones who's greater fool investment is crypto...thats who.

Why? You think it's overpriced or? There's certainly enthusiasm w/ the spac stuff right now. And yea, PSTH is one of the bigger profile ones, but you're stretching reality to think a company, described by Bill himself as "mature", is instantly going to be worth much more than the already 30%+ premium being ascribed at $26.xx. Its been my opinion for a bit, having traded the shares a few time, and especially the warrants, that the margin of safety is gone and that its probable you have already gotten credit for the deal pop here. I've been selling short and mid duration puts here though, as there's still a lot of meat on them.

Eric is kind of getting at my point. Diamonds was an off the cuff remark, but what about platinum, palladium or others? Frankly Ive always thought gold was a greater fool kind of thing, nothing wrong with that..but it is what it is. I just think its a remnant of uncivilized societies and as we get more advanced, its relevance as a store of value decreases.The premise is largely archaic and involves someone else thinking the same way you do. It also seems to me that the gold bug type is older, which future generations will carry the sentiment? There are plenty of assets or items that overtime store value. Why is this unique relative to the alternatives?

What I've never understood, is why gold? There's so many other things that accomplish the same thing. For instance, why not diamonds?