Alex Panosian

Focused on SMB and Self Storage investing;

[Alex Panosian @AlexPanosian]

@MarkAllenMulti Good luck big dog. I know you always keep it tight.

[Alex Panosian @AlexPanosian]

@JakeKoco Absolutely, per recruit averages is just a pet peeve of mine for whatever reason. Was just saying same to @barryisthedon. Most importantly though is gopher fans are always wrong, and Badgers will always be a better program.

[Alex Panosian @AlexPanosian]

@barryisthedon @Rivals @JakeKoco If you are going to compare avgs, should look at the same size classes - their top 15 vs. UW top 15. Hate to say it as Badger fan, but that’s a better way to do it. Why I like how 247 does class ratings on total class size and diminishing return of lower rated ppl in class.

[Alex Panosian @AlexPanosian]

@JakeKoco Take avg. of just UCLA’s top 15 it’s .8866 and Minn’s (yuck) is .8829 versus UW’s .8775. So, you could conclude that their classes (at least by rating) have a better top end and more depth than ours do. 247’s class rating system is good (imo) bc it balances for qual & quant

[Alex Panosian @AlexPanosian]

@JakeKoco Like your stuff, I rarely post and am UW fan. I see this same logic all the time on the boards, and the analysis is flawed. Instead of just taking raw avg. (i.e., UW class better than UCLA because of higher avg per recruit), you should compare their top 15 against our top 15.

[Alex Panosian @AlexPanosian]

@NathanLands We are hiring illustrators. Have a team of 8 already. Particularly interested in ppl who can help us integrate AI tools in our process. Need to be US based with citizenship due to what we work on. DMs open.

[Alex Panosian @AlexPanosian]

@Molson_Hart I rarely post, but enjoy following your journey, so dropping a rec, you should reach out to @BetoVillarreal . My neighbor, great guy, deep roots in Mexico, sounds like exactly what you are looking for he helps companies with

[Alex Panosian @AlexPanosian]

@DevinWanzor Got it - we dealt with same earlier this year (different line items though). They thought we were more efficient than market (or how a bank would run it if they needed to take it over). If worth your time, could show quotes from operators showing could do it for less.

[Alex Panosian @AlexPanosian]

@DevinWanzor That is high. Is the appraiser UWing to what is in place, or is he saying that is market? Are there other operators in the area that will do it for less? If so, can you show him those quotes?

[Alex Panosian @AlexPanosian]

@PerrySolem What do the market comps look like?

[Alex Panosian @AlexPanosian]

@FrankScapp Facilities trading primarily on pro forma NOI won’t be as compelling when they aren’t underperforming - especially if the fundamentals aren’t there (i.e., compelling market, scale in market). Ok if happy with COC returns, but that’s a different model, obv.

[Alex Panosian @AlexPanosian]

@acquanon @GrahamCWeaver

[Alex Panosian @AlexPanosian]

@JDModrak @Gundwolf Haha, primarily a lurker except when trying to be nice. Hope you are doing well, JD!

[Alex Panosian @AlexPanosian]

@braden_live Lots of vets out there in this space. I’m also in Chicago. Happy to talk

[Alex Panosian @AlexPanosian]

@NYCJ3 What happened to the share price when it was leaked they were stepping down?

[Alex Panosian @AlexPanosian]

@michaelpatron0 This is because you are looking at light duty conveyors, which are more uniform and can more easily be cranked out in large volumes = Chinese more competitive. US mfr typically focus on heavier duty rollers, designing more complex sub-systems, or feeding Amazon. More margin there

[Alex Panosian @AlexPanosian]

@joelrandyblake Different profile than most searchers, but we are looking in this space. Happy to connect.

[Alex Panosian @AlexPanosian]

@tsludwig @KevinFleming_ More than just the hurdle (which agree has been unchanged), I think it’s the box (e.g., minimum size threshold, industry preference, nature of revenue). That sliver is heavily picked (for good reason!), but I think there are still good deals outside of where searchers are steered