Banyan Tree

[Banyan Tree @Banyan__Tree]

@ContrarianCurse Yeah more like <20%

[Banyan Tree @Banyan__Tree]

@pekwat @ClarkSquareCap Just buy vsco or some other apparel co at that point. Not idio to them

[Banyan Tree @Banyan__Tree]

@ContrarianCurse Agree. But you need a view on the dtc biz. Dtc margin expansion number 2 or arguably 1 (parks well understood)

[Banyan Tree @Banyan__Tree]

If software is 0 isn’t that eventually also negative for public cloud. They will have OpenAI and Anthropic but much less pricing power on two companies vs thousands of software. Just surprised this concern hasn’t bled into public cloud.

[Banyan Tree @Banyan__Tree]

@DanielSLoeb1 Can him Dan!

[Banyan Tree @Banyan__Tree]

@modestproposal1 @inwoodcapital @DanielSLoeb1 split the company. Suites and Loopnet one and Andy can go run homes/apartment if he wants

[Banyan Tree @Banyan__Tree]

@S_curvecap dead money atleast for a year

[Banyan Tree @Banyan__Tree]

@DummyCapital @WaterworldCapi1 It’s the dumbest cult ever too. Yes apartments worked but capital allocation outside of that is so spotty. And even apartments is significantly lower multiple than suite biz

[Banyan Tree @Banyan__Tree]

@HedgeyeComm @DicksonPau Think it’s comparing apples to oranges though. Like lot of the other stuff you could have high intent monetization.

[Banyan Tree @Banyan__Tree]

@YellowCatCap @CoorsLightCEO @benthompson Same here. I spent like hours researching new roof. That’s a five figure purchase that they didn’t monetize at all

[Banyan Tree @Banyan__Tree]

@DovySimuMMA Confirms opposite. They blew budget on wwe

[Banyan Tree @Banyan__Tree]

@BucknSF Narratives are created by if numbers are going up or down

[Banyan Tree @Banyan__Tree]

@OnodaCapital @GavinSBaker @altcap @Jason Wen 5% gdp?

[Banyan Tree @Banyan__Tree]

@buccocapital @HedgeyeComm Since that tweet it's up just as much as meta and owning pins > meta more stressful

[Banyan Tree @Banyan__Tree]

@bucketshopcap @stockthoughts81 Most of these (ex tsla/AAPL) are going to grow eps mid double digits and trade at reasonable gaap numbers. I'm tired of them but try building a 3-5 year framework for this vs trying to justify some mid cap software co still having to hold 40x forward ev/fcf to get similar IRR

[Banyan Tree @Banyan__Tree]

@S_curvecap Don’t disagree on numbers. Good call into 24. I think I saw your tweets around Analyst Day…wish I I listened ha

[Banyan Tree @Banyan__Tree]

@S_curvecap Think pins/snap can have lot of downside if app is successful in ecom. I’m sort of there with you on dis, want to get through some data points around epic before getting involved. What’s the catalyst path for uber?

[Banyan Tree @Banyan__Tree]

@BucknSF And Jason apparently thinks rddt up in 2024 because of their data deals…smh

[Banyan Tree @Banyan__Tree]

@JerryCap Like almost any global growth funds. Wcm?

[Banyan Tree @Banyan__Tree]

@VetTechTrader Chad, it’s been great to learn from you over the years. I can’t DM you but if you are able to me it would great to see if we can find a way to stay connected