AlpRover

Investor. Here to learn and share. Interested in businesses, industries and investors. DMs are open.

[AlpRover @AlpRover]

@Speedwell_LLC Curious how you see this advantage evolving over time (eroding?) as poweful LLMs enable refacturing large code bases in relatively short periods of time.

[AlpRover @AlpRover]

@RecurveCapital Thanks a lot for sharing, really appreciate the insights!!

[AlpRover @AlpRover]

@dennisihong @TentpoleInvest Thanks, appreciate it!

[AlpRover @AlpRover]

@tembelvitesi Isn‘t it strange they pick a quarterly number? Seems easy to push some working capital etc. to make the numbers?

[AlpRover @AlpRover]

@marketplunger1 $IPCO and $PED?

[AlpRover @AlpRover]

@JasonXCHartman Avg. price comparison would be very interesting!!

[AlpRover @AlpRover]

@icemancapital Isnt this Q3 data?

[AlpRover @AlpRover]

@Speedwell_LLC @FundasyInvestor My point is, that there is likely still some growth without M&A. And on this FCF (not adjusted for customer amortization anymore) you apply a multiple. And this should obviously higher if they can still grow at 10% vs 3%

[AlpRover @AlpRover]

@Speedwell_LLC @FundasyInvestor I understand that currently (and likely for a long time going forward), it‘s part of the cac and ongoing. But if this is true, they will maintain abnormal growth rates.

Asked differently, what do you think their growth rate would be 5-10y out if they stopped doing M&A today?

[AlpRover @AlpRover]

In case you‘re open to share more widely, I‘d be very interested in seeing what you got to.
I look at adj. FCF - SBC - some normalized M&A/integration spend.
I don‘t deduct amortized customer relationships, because I think they would still have some „true organic“ growth longer term even without M&A (eg from all partners/distributors). And if they do M&A, you got a >20-30% grower, which I‘m also very happy with at a lower profitability.

[AlpRover @AlpRover]

@AskeladdenTX @Fierce__beast @atelicinvest Awesome, look forward to reading them!

[AlpRover @AlpRover]

@AskeladdenTX @Fierce__beast @atelicinvest Would love to hear how you see the current situation.
Why has growth not (yet) materialized and will still not in the coming year? (per company guidance)
And will it accelerate afterwards?
The operating leverage seems obvious, but won‘t come without growth..

[BuccoCapital Bloke @buccocapital]

“They are tying everyone into their web so nobody can afford for OpenAI to not succeed. They are trying to make themselves a systemic risk” @benthompson

The most succinct/accurate description. And both executives messed up this week and said this quiet part out loud

[AlpRover @AlpRover]

Interesting that Giverny's David Poppe still thinks that the 3nm.. indication for chips is the actual physical distance between chip features - and don't know it's just a label for a generation of newer chips.

Gate lengths or pitches of 2-3nm would have insane tunneling effects.

$TSMC

https://t.co/UPM4sRqGXk

[AlpRover @AlpRover]

@GSpier @AskeladdenTX Judgement!

[AlpRover @AlpRover]

@StockMarketNerd Thanks to genAI, $META and $GOOGL can provide the full vertical stack. And I‘d bet soon genAI is „good enough“ for many (smaller) advertisers to just do ut all in one platform.

[AlpRover @AlpRover]

@SilbergleitJr The chart is missing the competitive positioning. While I don‘t think $CVNA is cheap anymore, I believe they‘ll smoke their competitors. At the same time, VW etc. are at risk of being smoked by better positioned (EV) companies.

[AlpRover @AlpRover]

@TidefallCapital Does Weschler consider that autonomous vehicles might accelerate the melting considerably?
Do people prefer to listen to radio if they can stare at a screen/glasses instead?

[MastersInvest.com @mastersinvest]

'I am convinced that the capital cycle lens is one of Buffett’s big mental models for the world.'

- Omar Malik, Hosking Partners

Good read.

Mentions: Buffett [Apple, BNSF, Amex, Disney, Coke, Japanese Trading Houses], Coupang, Altius Materials]

https://t.co/vrUweoAGEP